Welcome to our dedicated page for National Healthcare Properties SEC filings (Ticker: NHPAP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for National Healthcare Properties, Inc. 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock (Nasdaq: NHPAP) provides access to the issuer’s regulatory documents filed with the U.S. Securities and Exchange Commission. NHPAP is a series of cumulative redeemable perpetual preferred stock issued by National Healthcare Properties, Inc., a self-managed healthcare real estate investment trust that focuses on seniors housing and outpatient medical facilities.
Through this page, users can review the company’s annual reports on Form 10-K and quarterly reports on Form 10-Q, which describe the performance of the seniors housing operating property (SHOP) and outpatient medical facility (OMF) segments, discuss risk factors and outline the REIT’s use of non-GAAP measures such as Funds from Operations (FFO), Adjusted Funds from Operations (AFFO), Adjusted EBITDA, NOI and Cash NOI. These filings help investors understand the operating results and cash flow metrics that support dividends on securities like NHPAP.
The page also includes current reports on Form 8-K, where National Healthcare Properties discloses material events such as new or amended credit facilities, changes in executive leadership, board and governance actions, amendments to rights agreements and other significant developments. For example, 8-K filings describe the company’s senior unsecured credit facility, employment agreements with key executives, board declassification and bylaw amendments, and changes to rights associated with its common stock.
In addition, investors can access filings related to preferred stock dividends, capital structure changes and other matters affecting the rights of preferred holders. Stock Titan’s platform pairs these filings with AI-powered summaries that explain key terms, highlight important covenants and governance changes and clarify how reported metrics like Net Debt and Net Debt to Annualized Adjusted EBITDA relate to the company’s leverage.
By using this SEC filings page, users can quickly locate and interpret the official documents that define National Healthcare Properties’ financial reporting, capital structure and governance framework as they relate to NHPAP and the broader REIT.
National Healthcare Properties, Inc. reported first quarter 2026 results showing strong operating improvement but a GAAP net loss. Net loss attributable to common stockholders was $7.6 million, or $0.27 per share, while Nareit FFO reached $0.31 per diluted share and Normalized FFO was $0.26 per diluted share.
Same Store Cash NOI grew 12.0% year-over-year, led by 24.0% growth in the senior housing operating (SHOP) segment, where occupancy rose to 83.8% and margins expanded. The outpatient medical facility (OMF) segment delivered 5.5% Same Store Cash NOI growth with 94.0% ending occupancy.
The company is actively reshaping its portfolio, agreeing to acquire multiple senior living communities totaling over $125 million and to sell 86 outpatient medical facilities for about $528.2 million. Net leverage improved to 8.6x, and a subsequent IPO raised $531.3 million, with $186.0 million used to pay down the revolving credit facility.
National Healthcare Properties, Inc. reported first quarter 2026 results showing strong operating improvement but a GAAP net loss. Net loss attributable to common stockholders was $7.6 million, or $0.27 per share, while Nareit FFO reached $0.31 per diluted share and Normalized FFO was $0.26 per diluted share.
Same Store Cash NOI grew 12.0% year-over-year, led by 24.0% growth in the senior housing operating (SHOP) segment, where occupancy rose to 83.8% and margins expanded. The outpatient medical facility (OMF) segment delivered 5.5% Same Store Cash NOI growth with 94.0% ending occupancy.
The company is actively reshaping its portfolio, agreeing to acquire multiple senior living communities totaling over $125 million and to sell 86 outpatient medical facilities for about $528.2 million. Net leverage improved to 8.6x, and a subsequent IPO raised $531.3 million, with $186.0 million used to pay down the revolving credit facility.
Anderson Michael Ray reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. CEO, President and director Michael Ray Anderson reported compensation-related equity activity. He now directly holds 71,160 shares of common stock. He was granted 75,000 LTIP Units and 348,665 additional LTIP Units, each convertible into an equivalent number of OP Units and ultimately redeemable for cash or common stock.
The LTIP Units have no expiration dates. One grant vests in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, while another vests ratably on the first, second and third anniversaries of January 1, 2026, in each case subject to continued service.
Anderson Michael Ray reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. CEO, President and director Michael Ray Anderson reported compensation-related equity activity. He now directly holds 71,160 shares of common stock. He was granted 75,000 LTIP Units and 348,665 additional LTIP Units, each convertible into an equivalent number of OP Units and ultimately redeemable for cash or common stock.
The LTIP Units have no expiration dates. One grant vests in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, while another vests ratably on the first, second and third anniversaries of January 1, 2026, in each case subject to continued service.
BABIN ANDREW T. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. reported that Chief Financial Officer Andrew T. Babin received grants of LTIP Units as equity-based compensation. He was awarded 41,667 LTIP Units and 149,428 LTIP Units, each convertible into an equivalent number of operating partnership units and ultimately redeemable for cash or one share of common stock per unit.
The 41,667 LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. The 149,428 LTIP Units will vest ratably on the first, second and third anniversaries of January 1, 2026, also subject to continued service. LTIP Units do not have expiration dates, and Babin’s reported direct LTIP Unit holdings increased to 191,095 units after these awards.
BABIN ANDREW T. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. reported that Chief Financial Officer Andrew T. Babin received grants of LTIP Units as equity-based compensation. He was awarded 41,667 LTIP Units and 149,428 LTIP Units, each convertible into an equivalent number of operating partnership units and ultimately redeemable for cash or one share of common stock per unit.
The 41,667 LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. The 149,428 LTIP Units will vest ratably on the first, second and third anniversaries of January 1, 2026, also subject to continued service. LTIP Units do not have expiration dates, and Babin’s reported direct LTIP Unit holdings increased to 191,095 units after these awards.
PARK AILIN SEE reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. Chief Accounting Officer Ailin See Park received two awards of LTIP Units on April 30, 2026. One grant covered 5,209 LTIP Units, increasing that award balance to 30,209 units, and a separate grant covered 25,000 LTIP Units, with 25,000 units held after the grant. These LTIP Units are convertible into OP Units and ultimately redeemable for cash or common stock, and they vest over multi‑year schedules tied to continued service.
PARK AILIN SEE reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. Chief Accounting Officer Ailin See Park received two awards of LTIP Units on April 30, 2026. One grant covered 5,209 LTIP Units, increasing that award balance to 30,209 units, and a separate grant covered 25,000 LTIP Units, with 25,000 units held after the grant. These LTIP Units are convertible into OP Units and ultimately redeemable for cash or common stock, and they vest over multi‑year schedules tied to continued service.
MICHELSON LESLIE D reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Leslie D. Michelson received a grant of 12,500 LTIP Units on April 30, 2026 as equity compensation. Each LTIP Unit is linked to one unit of National Healthcare Properties Operating Partnership, L.P., which can later be redeemed for cash or, at the issuer’s election, one share of common stock or its cash value.
The LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. Following this filing, Michelson holds 95,971 shares of common stock directly, in addition to the 12,500 LTIP Units.
MICHELSON LESLIE D reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Leslie D. Michelson received a grant of 12,500 LTIP Units on April 30, 2026 as equity compensation. Each LTIP Unit is linked to one unit of National Healthcare Properties Operating Partnership, L.P., which can later be redeemed for cash or, at the issuer’s election, one share of common stock or its cash value.
The LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. Following this filing, Michelson holds 95,971 shares of common stock directly, in addition to the 12,500 LTIP Units.
National Healthcare Properties, Inc. director Humphrey Scott received a grant of 12,500 LTIP Units on April 30, 2026. These units were awarded at a price of $0.00 per unit as equity compensation, and Scott now directly holds 12,500 LTIP Units.
The LTIP Units vest in four equal 25% installments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. After certain events and vesting, the LTIP Units can convert into operating partnership units, which are redeemable for cash or, at the issuer’s election, an equivalent number of common shares.
National Healthcare Properties, Inc. director Humphrey Scott received a grant of 12,500 LTIP Units on April 30, 2026. These units were awarded at a price of $0.00 per unit as equity compensation, and Scott now directly holds 12,500 LTIP Units.
The LTIP Units vest in four equal 25% installments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. After certain events and vesting, the LTIP Units can convert into operating partnership units, which are redeemable for cash or, at the issuer’s election, an equivalent number of common shares.
Weil Edward M Jr. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Edward M. Weil Jr. received a grant of 12,500 LTIP Units on April 30, 2026. These LTIP Units are a class of limited partnership units in National Healthcare Properties Operating Partnership, L.P. and are convertible into an equivalent number of OP Units.
OP Units are redeemable for cash or, at the issuer’s election, for shares of common stock on a one-for-one basis or the cash value of such shares. The LTIP Units vest in 25% increments on each of the first four anniversaries of the grant date, subject to continued service, and LTIP Units do not have expiration dates. Following the reported transactions, Weil directly holds 3,110 shares of common stock.
Weil Edward M Jr. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Edward M. Weil Jr. received a grant of 12,500 LTIP Units on April 30, 2026. These LTIP Units are a class of limited partnership units in National Healthcare Properties Operating Partnership, L.P. and are convertible into an equivalent number of OP Units.
OP Units are redeemable for cash or, at the issuer’s election, for shares of common stock on a one-for-one basis or the cash value of such shares. The LTIP Units vest in 25% increments on each of the first four anniversaries of the grant date, subject to continued service, and LTIP Units do not have expiration dates. Following the reported transactions, Weil directly holds 3,110 shares of common stock.
Tuppeny Elizabeth K. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Elizabeth K. Tuppeny reported receiving a grant of 12,500 LTIP Units on April 30, 2026. These units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P. and represent equity-based compensation rather than an open-market share purchase.
Following certain events and vesting, each LTIP Unit is convertible into one operating partnership unit, which may then be redeemed for cash or, at the issuer’s election, one share of common stock or its cash value. The LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, conditioned on continued service. The filing also shows 12,415 shares of common stock held directly as of the reported date.
Tuppeny Elizabeth K. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Elizabeth K. Tuppeny reported receiving a grant of 12,500 LTIP Units on April 30, 2026. These units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P. and represent equity-based compensation rather than an open-market share purchase.
Following certain events and vesting, each LTIP Unit is convertible into one operating partnership unit, which may then be redeemed for cash or, at the issuer’s election, one share of common stock or its cash value. The LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, conditioned on continued service. The filing also shows 12,415 shares of common stock held directly as of the reported date.
Penn Buddie J reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Buddie J. Penn reported an equity compensation award and updated holdings. He received a grant of 12,500 LTIP Units on April 30, 2026. These LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.
According to the disclosure, the LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. After certain events and vesting, they are convertible into an equivalent number of OP Units, which are redeemable for cash or, at the issuer’s election, shares of common stock on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates. The filing also shows 7,697 shares of common stock held directly following the reported transactions.
Penn Buddie J reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Buddie J. Penn reported an equity compensation award and updated holdings. He received a grant of 12,500 LTIP Units on April 30, 2026. These LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P.
According to the disclosure, the LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. After certain events and vesting, they are convertible into an equivalent number of OP Units, which are redeemable for cash or, at the issuer’s election, shares of common stock on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates. The filing also shows 7,697 shares of common stock held directly following the reported transactions.
Rendell Edward G reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Edward G. Rendell received a grant of 12,500 shares of restricted common stock on April 30, 2026. The award was issued at no cash cost to him under the company’s 2025 Omnibus Incentive Compensation Plan.
The restricted shares will vest in 25% increments on each of the first four anniversaries of the grant date, as long as he continues to serve through each vesting date. Following this grant, Rendell directly holds 24,075 shares of National Healthcare Properties common stock.
Rendell Edward G reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Edward G. Rendell received a grant of 12,500 shares of restricted common stock on April 30, 2026. The award was issued at no cash cost to him under the company’s 2025 Omnibus Incentive Compensation Plan.
The restricted shares will vest in 25% increments on each of the first four anniversaries of the grant date, as long as he continues to serve through each vesting date. Following this grant, Rendell directly holds 24,075 shares of National Healthcare Properties common stock.