National Healthcare Properties Announces Public Filing of Registration Statement

Rhea-AI Summary

National Healthcare Properties (NHPAP) announced the public filing of a registration statement on Form S-11 on April 6, 2026 for a proposed public offering of its Class A common stock and applied to list those shares on Nasdaq Global Select Market under the symbol NHP.

The offering is subject to market conditions; the number of shares, price range and terms have not been determined, and the registration statement has not been declared effective.

Positive

• Filed S-11 for proposed public offering and Nasdaq listing
• Engaged major lead book-runners (Wells Fargo, Morgan Stanley, BMO)
• Applied to list on Nasdaq Global Select Market under symbol NHP

Negative

• No share count, price range, or offering terms determined
• Offering subject to market conditions and customary closing conditions
• Registration statement not yet declared effective; sale not permitted

Argus Apr 6 session

+0.57% close to close Open Argus

Details

News Market Reaction – NHPAP

On Apr 6, the day this news came out, NHPAP closed 0.57% above the previous close.

Data tracked by StockTitan Argus for the Apr 6 session.

Key Figures

Normalized FFO per share: $0.83 Dispositions: $202.5M Same Store Cash NOI growth: 9.8% +5 more

Normalized FFO per share

$0.83

Full-year 2025 Normalized FFO per diluted share (+162.7% YoY)

Dispositions

$202.5M

Full-year 2025 property dispositions

Same Store Cash NOI growth

9.8%

Q4 2025 Same Store Cash NOI year-over-year change

Same Store Cash NOI growth

9.0%

Full-year 2025 Same Store Cash NOI year-over-year change

Total debt

$1.0B

Total debt with weighted average rate 5.75% and 3.9-year term

Revolver size

$400M

New revolving credit facility maturing December 2028

Term loan

$150M

New term loan maturing December 2028

SHOP acquisition

$64M

Agreed purchase price for 13 senior housing communities

Historical Context

5 past events · Latest: Mar 26

5 events

1. Mar 26

   Preferred dividends

   24h Move

   -0.3%

   Declared quarterly dividends for Series A and Series B preferred shares.

2. Mar 03

   Portfolio acquisition

   24h Move

   -0.3%

   Announced $64M acquisition of 13 senior housing communities via JV.

3. Feb 20

   Earnings results

   24h Move

   +0.3%

   Reported strong 2025 FFO growth and Same Store Cash NOI increases.

4. Feb 12

   Earnings release date

   24h Move

   +0.0%

   Announced timing and webcast details for Q4 and full-year 2025 results.

5. Jan 20

   Draft S-11 filing

   24h Move

   +0.6%

   Confidential Form S-11 submission for proposed common stock offering.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

registration statement, form s-11, securities and exchange commission, prospectus, +1 more

5 terms

registration statement regulatory

"announced the public filing of a registration statement on Form S-11 with the"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

form s-11 regulatory

"public filing of a registration statement on Form S-11 with the Securities"

Form S-11 is the U.S. Securities and Exchange Commission registration form used when real estate companies and REITs offer stock or other securities to the public. It contains the formal offering document with detailed financial statements, descriptions of properties and business operations, management information and potential risks — like a car’s spec sheet and owner manual combined — giving investors the core facts needed to judge the investment.

securities and exchange commission regulatory

"registration statement on Form S-11 with the Securities and Exchange Commission"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

prospectus regulatory

"The proposed offering will be made only by means of a prospectus."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

nasdaq global select market regulatory

"list its Class A common stock on The Nasdaq Global Select Market under the"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, April 06, 2026 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (“NHP”) today announced the public filing of a registration statement on Form S-11 with the Securities and Exchange Commission (the “SEC”) relating to a proposed public offering of its shares of Class A common stock. The offering will be subject to market conditions and other customary conditions, and there can be no assurance as to whether or when the proposed offering may be commenced or completed. The number of shares of Class A common stock to be offered and the price range and other terms for the proposed offering have not yet been determined. NHP has applied to list its Class A common stock on The Nasdaq Global Select Market under the symbol “NHP.”

Wells Fargo Securities, Morgan Stanley and BMO Capital Markets will be acting as lead book-running managers for the offering. Goldman Sachs & Co. LLC, RBC Capital Markets, Baird, Capital One Securities, Citizens Capital Markets, Fifth Third Securities, Huntington Capital Markets and KeyBanc Capital Markets will be acting as bookrunners for the offering. Credit Agricole CIB and Synovus will be acting as co-managers for the offering.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering, when available, may be obtained from: Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, Minnesota 55402, by telephone at (800) 645-3751 (option #5), or by email at WFScustomerservice@wellsfargo.com; Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 West 42nd Street, 32nd Floor, New York, New York 10036, or by email at bmoprospectus@bmo.com.

A registration statement relating to the proposed offering has been filed with the SEC but has not yet been declared effective. Securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement is declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About National Healthcare Properties, Inc.

National Healthcare Properties, Inc. is a publicly registered real estate investment trust focused on acquiring and investing in a diversified portfolio of healthcare real estate, with an emphasis on senior housing and outpatient medical facilities located in the United States.

Forward-Looking Statements

This press release contains “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern and are based upon, among other things, whether and when NHP proceeds with the offering; NHP’s expectations regarding the pricing and completion of the offering; the anticipated terms of the offering; and the realization of any potential advantages, benefits and the impact of, and opportunities created by, the offering. When NHP uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. NHP’s expected results may not be achieved, and actual results may differ materially from expectations. This may be a result of various factors, including, but not limited, the risks and uncertainties described in the section titled “Risk Factors” in the registration statement relating to the offering and all other filings with the SEC. Finally, NHP assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.

Contacts

Investors and Media:
Email: ir@nhpreit.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did National Healthcare Properties (NHPAP) file on April 6, 2026?

They filed a Form S-11 registration statement for a proposed public offering of Class A common stock. According to the company, the filing relates to a proposed offering and Nasdaq listing application under the symbol NHP.

Has National Healthcare Properties (NHPAP) set the number of shares or price range?

No; the number of shares and price range have not been determined. According to the company, specific share count, price range and other offering terms remain undecided and subject to market conditions.

When will NHPAP shares be listed on Nasdaq under symbol NHP?

The company has applied to list Class A common stock on Nasdaq but no effective date is set. According to the company, listing depends on completion of the offering and SEC effectiveness of the registration statement.

Who are the lead managers for the NHPAP proposed offering?

Wells Fargo Securities, Morgan Stanley and BMO Capital Markets are acting as lead book-running managers. According to the company, several additional bookrunners and co-managers are participating in the syndicate.

Can investors buy NHPAP shares before the SEC declares effectiveness?

No; securities may not be sold and offers to buy cannot be accepted before SEC effectiveness. According to the company, sales are prohibited until the registration statement is declared effective by the SEC.