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.
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.
National Healthcare Properties, Inc. closed a registered underwritten public offering of 38,500,000 shares of Class A common stock, followed by the underwriters’ exercise of an option for 5,775,000 additional shares to cover overallotments. The option shares closing completed on April 28, 2026.
In connection with the offering, the company entered into an Amended and Restated Agreement of Limited Partnership for its operating partnership. This reset the OP Unit exchange factor to 1.0, eliminated Class B Units, removed a crystallized special interest, and created new LTIP Unit classes.
The board also approved listing-related equity awards under the 2025 Omnibus Incentive Compensation Plan. Employees, including named executive officers, received an aggregate 995,994 shares and LTIP Units vesting in 25% annual increments from April 30, 2027. The CEO, CFO and CAO were granted 348,665, 149,428 and 25,000 LTIP Units, respectively, and each director was authorized 12,500 restricted shares and/or LTIP Units.
National Healthcare Properties, Inc. Schedule 13G reports that Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander each disclose shared voting and dispositive power over 1,912,863 shares of Class A Common Stock, representing 4.3% of the class. The cover notes the reporting persons briefly exceeded a 5% threshold on 04/22/2026 and ceased to be beneficial owners above 5% by the filing date.
The filing lists issuer headquarters at 540 Madison Avenue, New York, and includes a Joint Filing Agreement dated April 28, 2026. Signatures are provided by Gil Raviv and Israel A. Englander.
National Healthcare Properties, Inc. entered into an Underwriting Agreement and closed a registered underwritten public offering of 38,500,000 shares of its Class A common stock under an effective Form S-11 registration statement. On April 24, 2026, the underwriters exercised their option to purchase an additional 5,775,000 shares to cover overallotments, with that closing expected on April 28, 2026. The agreement with Wells Fargo Securities, Morgan Stanley, BMO Capital Markets and other underwriters includes customary representations, covenants, indemnification and termination provisions.
National Healthcare Properties, Inc. authorized up to 100,000,000 shares of Class A common stock, $0.01 par value, in connection with a proposed public offering. The Class A shares carry the same terms as existing common stock but will automatically convert into common stock on a one-for-one basis 180 days after the pricing of the offering, if completed.
Management also provided preliminary same-store operating metrics for the quarter ended March 31, 2026. In the senior housing operating properties segment, average occupancy was about 83.8%, compared with 84.6% in the prior quarter and 81.0% a year earlier. Revenue per occupied room is expected between $6,275 and $6,325, versus $6,107 and $6,071 in the prior periods, with Cash NOI Margin between 21.0% and 22.0%, versus 20.8% and 19.4%. In the outpatient medical facility segment, ending occupancy was approximately 94.0%, matching December 31, 2025 and slightly above 93.5% a year earlier. Cash NOI Margin is presented as a non-GAAP measure based on cash net operating income divided by tenant or resident revenue excluding certain non-cash lease items.
National Healthcare Properties, Inc. is asking stockholders to vote at its virtual 2026 Annual Meeting on May 15, 2026 at 12:00 p.m. Eastern Time. Proposals include electing six directors, ratifying PricewaterhouseCoopers LLP as auditor, and approving advisory votes on executive pay and the frequency of that vote.
The company, a healthcare-focused REIT, reports it had 28,412,183 common shares outstanding as of February 26, 2026. Governance changes include declassifying the board so all directors stand for annual elections and adopting stock ownership guidelines for executives and non-employee directors.
Executive pay is built around base salary, an annual incentive plan tied to leverage and same-store cash NOI growth, and long-term equity awards. In 2025, CEO Michael Anderson earned $6.49 million, including $800,000 salary, a $1.89 million cash bonus, and $3.8 million in stock awards.
National Healthcare Properties, Inc. reported a 2025 net loss attributable to common stockholders of $71.1 million, or $2.51 per share, but cash-flow metrics improved sharply. Nareit FFO was $0.64 per diluted share and Normalized FFO rose to $0.83 per diluted share, both more than doubling year-over-year.
Same Store Cash NOI grew 9.0% for 2025, including 21.8% growth in senior housing and 2.9% in outpatient medical facilities. The company sold $202.5 million of non-core assets and lowered Net Leverage to 9.2x from 10.3x, supported by new $550 million unsecured credit facilities maturing in December 2028.
In Q4 2025, the company recorded a net loss of $0.92 per share, with Normalized FFO of $0.20 per diluted share and 9.8% Same Store Cash NOI growth. The board paid dividends on its Series A and B preferred stock and repurchased $8.6 million of preferred shares at a discount, modestly reducing leverage.