National Healthcare Properties, Inc. reported a net loss of $(0.85) per basic and diluted share for the second quarter of 2025. Funds from Operations (FFO) were $0.19 per diluted share, and Adjusted Funds from Operations (AFFO) were $0.32 per diluted share. Same Store Cash Net Operating Income (NOI) grew by 8.5% year-over-year.

The Senior Housing Operating Property (SHOP) segment saw a Same Store Cash NOI growth of 17.3% year-over-year, while the Outpatient Medical Facility (OMF) segment experienced a growth of 4.4%. The company completed dispositions totaling $21.4 million in the second quarter.

As of June 30, 2025, National Healthcare Properties had total debt outstanding of $1.0 billion with a weighted average interest rate of 5.1%. Year-to-date, the company paid down $83.1 million of debt using proceeds from dispositions. Net leverage stood at 9.3x, an improvement of 0.4x relative to March 31, 2025.

The company declared dividends on its outstanding preferred stock, with a dividend of $0.4609375 per share on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock and $0.4453125 per share on its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock. During the quarter, the company repurchased $1.8 million of outstanding shares of preferred stock.

National Healthcare Properties focuses on seniors housing and outpatient medical facilities. The company’s preferred stocks are traded on the Nasdaq Exchange under the tickers “NHPAP” and “NHPBP”. For more information, visit nhpreit.com.

Read more at GlobeNewswire: National Healthcare Properties Reports Second Quarter 2025