National Healthcare Properties, Inc. (NHP) reported third-quarter 2026 tenant revenue of $103.062 million, versus $86.026 million a year earlier, and net income attributable to common stockholders of $17.778 million, versus a $15.881 million loss. Diluted FFO per share fell 43.5% to $0.13; normalized FFO per share fell 29.6% to $0.19. SHOP same-store Cash NOI grew 13.6% year over year.
In the quarter, NHP acquired 22 SHOP communities with 1,381 units for $300 million; 2026 SHOP acquisitions completed or under definitive agreement totaled $664 million. It completed the sale of 30 OMFs for $198 million and repaid $119 million across two secured term loans. The remaining 56 OMFs, subject to a $219 million loan assumption, are expected to close in Q4 2026 for $331 million.
As of September 30, 2026, total debt outstanding, net of discounts and unamortized debt issuance costs, was $851.2 million; net leverage was 5.5x, versus 8.8x a year earlier. After redeeming all outstanding Series A and Series B preferred shares, NHP expects to save approximately $11 million in annual preferred dividends.
National Healthcare Properties, Inc. (NHP) is the issuer named in an amended joint beneficial-ownership report by Principal Global Investors LLC, Principal Real Estate Investors LLC and Principal Funds, Inc. The joint report lists 3,121,635 shares, or 7.1% of the class, as beneficially owned. Separately, Principal Funds, Inc. states that its beneficial ownership fell below 5%; the Principal Real Estate Securities Fund held 1,712,323 shares, or 3.9%, as of September 30, 2026.
National Healthcare Properties, Inc. (NHP) is the issuer in BlackRock, Inc.'s amended ownership report, which lists 2,715,717 common shares, or 6.1%, as beneficially owned as of September 30, 2026. BlackRock reports sole voting power over 2,663,924 shares and sole dispositive power over 2,715,717 shares; shared voting and dispositive power are both zero. The reported holdings reflect certain BlackRock business units and affiliates, excluding other business units whose holdings are disaggregated. BlackRock also states that no one person's interest in the shares is more than 5% of total outstanding common shares.
National Healthcare Properties, Inc. (NHP) automatically converted 44,275,000 issued and outstanding Class A common shares into common shares on a one-for-one basis on October 18, 2026, under the self-executing terms of its charter. Immediately after the conversion, 72,910,570 common shares were issued and outstanding; no Class A shares remained issued, outstanding, or authorized.
The total authorized share count remained 350,000,000, comprising 300,000,000 common shares and 50,000,000 preferred shares. Common shares began trading on the Nasdaq Global Market under NHP at 9:30 a.m. Eastern time on October 19, 2026, when Class A trading ceased. The conversion did not change former Class A holders’ economic interests; the class’s separate voting right on certain charter amendments no longer applies.
National Healthcare Properties, Inc. (NHP) is the issuer in Prudential Financial, Inc.’s amended beneficial-ownership report. Prudential reported beneficial ownership of 1,351,012 common shares, or 3.1%, as of September 30, 2026, with shared voting and dispositive power over those shares and no sole voting or dispositive power. Prudential identified PGIM, Inc. as a beneficial owner of 1,272,533 shares (2.9%) and PGIM Quantitative Solutions LLC as a beneficial owner of 78,479 shares (0.2%).
National Healthcare Properties, Inc. (NHP) is the issuer of the 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock covered by Nasdaq’s Form 25 notification for removal from listing and Section 12(b) registration. The form states that the issuer complied with exchange rules and requirements governing voluntary withdrawal.
National Healthcare Properties, Inc. CEO, President & director Michael Ray Anderson had 16,041 common shares withheld on September 27, 2026, to satisfy a tax withholding obligation connected with vesting of a restricted stock award granted May 23, 2025. The reported price was $16.03 per share. After the transaction, he directly held 55,119 shares.
National Healthcare Properties, Inc. (NHP) said that certain termination rights of the purchaser ended September 25, 2026, under an agreement for certain subsidiaries to sell the company’s portfolio of 40 outpatient medical facilities to an unaffiliated third party for approximately $531 million. The amount is before transaction expenses, property operating prorations, capital expenditure and other adjustments.
The purchase and sale agreement is dated July 15, 2026, and the transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions specified in the agreement.
National Healthcare Properties, Inc. (NHP) reports that director Edward M. Weil, Jr. resigned from its board of directors, effective September 11, 2026. The company states that his decision to resign was not the result of any disagreement regarding its operations, policies, or practices.
National Healthcare Properties, Inc. (NHP) completed the first tranche of a previously announced sale of a portfolio of outpatient medical facilities. On September 10, 2026, the company, through subsidiaries of its operating partnership, closed on the sale of 30 properties out of an overall 86-facility portfolio to an unaffiliated buyer under a Purchase and Sale of Real Property Agreement dated May 4, 2026, as amended. The company received approximately $79 million in net cash proceeds at closing, before transaction expenses, property operating prorations and other adjustments. In connection with this transaction, it repaid approximately $119 million of outstanding secured indebtedness, including about $60 million of debt secured by other outpatient medical facilities that are not part of this portfolio. The company states that there are no material relationships between the seller entities and the buyer or their respective affiliates other than this sale.