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National Healthcare Properties, Inc. (NHPAP) 10-Year Financial Performance & Capital Metrics

NHPAP • • REIT / Real Estate
Real EstateIndustrial REITsIndustrial & Logistics REITsRegional Industrial Specialists
AboutNational Healthcare Properties, Inc. operates as a real estate investment trust. It operates through the Medical Office Buildings and Senior Housing Operating Properties segments. The company was founded on October 15, 2012 and is headquartered in New York, NY.Show more
  • Revenue $354M +2.3%
  • FFO -$106M -1098.9%
  • FFO/Share -3.73 -1098.9%
  • FFO Payout 0% -100.0%
  • FFO per Share -3.73 -1098.9%
  • NOI Margin 37.49% +1.2%
  • FFO Margin -29.86% -1076.6%
  • ROE -23.85% -213.4%
  • ROA -9.27% -177.4%
  • Debt/Assets 59.07% +7.6%
  • Net Debt/EBITDA -
  • Book Value/Share 24.40 -23.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 106.8% TTM
  • ✓Healthy dividend yield of 2.6%
  • ✓Trading near 52-week high
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗Low NOI margin of 37.5%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y19.73%
5Y-1.15%
3Y2.41%
TTM-0.32%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM53.71%

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg-0.92%
5Y Avg-2.7%
3Y Avg-3.31%
Latest-7.7%

Peer Comparison

Regional Industrial Specialists
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Size & Scale
Valuation
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Growth
Profitability
Quality & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
EGPEastGroup Properties, Inc.9.95B186.4640.0112.73%35.67%7.08%3.59%0.47
REXRRexford Industrial Realty, Inc.9.55B41.0334.1917.37%33.44%3.69%1.1%0.38
TRNOTerreno Realty Corporation6.31B61.3031.9318.24%72.5%8.03%2.95%0.22
PLYMPlymouth Industrial REIT, Inc.974.33M21.877.08-0.75%48.46%16.78%9.86%1.10
NHPAPNational Healthcare Properties, Inc.18.99-2.642.27%-22.97%-12.27%1.67
LPALogistic Properties of the Americas97.07M3.07-3.2711.22%14.07%2.17%2.73%1.03

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+247.29M302.39M311M362.41M374.91M381.61M329.36M335.85M345.93M353.79M
Revenue Growth %3.23%0.22%0.03%0.17%0.03%0.02%-0.14%0.02%0.03%0.02%
Property Operating Expenses108.29M291.37M286M221M234.19M243.55M205.81M213.44M217.79M221.15M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+000144.59M172.52M157.94M160.98M153.94M132.87M256.19M
G&A Expenses00017.27M20.53M21.57M16.83M17.29M18.93M22.74M
EBITDA+99.79M94.67M83.78M80.04M49.24M61.1M42.29M50.52M78.14M-39.47M
EBITDA Margin %----------
Depreciation & Amortization+-29.48M98.89M77.64M83.21M81.03M80.97M79.73M82.06M82.87M84.07M
D&A / Revenue %----------
Operating Income+129.27M-4.22M6.14M-3.18M-31.79M-19.87M-37.44M-31.54M-4.74M-123.54M
Operating Margin %----------
Interest Expense+00049.47M56.06M51.52M47.9M51.74M66.08M69.45M
Interest Coverage----0.06x-0.57x-0.39x-0.78x-0.61x-0.07x-1.78x
Non-Operating Income000134K61K58K-98K-3.86M1.26M-23.52M
Pretax Income+-44.94M-23.05M-42.06M-52.78M-87.91M-71.45M-85.24M-79.42M-72.08M-190M
Pretax Margin %----------
Income Tax+-2.98M-2.08M647K197K399K4.06M203K201K303K262K
Effective Tax Rate %----------
Net Income+-41.74M-20.87M-42.55M-52.76M-87.91M-75.81M-85.18M-79.49M-72.3M-189.7M
Net Margin %----------
Net Income Growth %-0.11%0.5%-1.04%-0.24%-0.67%0.14%-0.12%0.07%0.09%-1.62%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-7.74%2.1%-0.55%-0.13%-1.23%1.75%-2.06%1.47%3.1%-10.99%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-1.62-0.79-1.57-1.900.00-2.79-3.29-3.30-3.04-7.19
EPS Growth %-0.22%0.51%-0.99%-0.21%1%--0.18%-0%0.08%-1.37%
EPS (Basic)-1.62-0.79-1.57-1.900.00-2.79-3.29-3.30-3.04-7.19
Diluted Shares Outstanding25.71M26.48M27.06M27.72M028.29M28.29M28.29M28.29M28.29M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+2.27B2.19B2.37B2.38B2.33B2.29B2.21B2.18B2.15B1.95B
Asset Growth %0.22%-0.03%0.08%0%-0.02%-0.02%-0.03%-0.02%-0.02%-0.09%
Real Estate & Other Assets+00001.84B1.88B1.81B1.78B1.73B1.79B
PP&E (Net)000014.35M13.91M7.91M7.81M7.71M7.48M
Investment Securities0000000000
Total Current Assets+0000203.62M113.76M109.24M101.81M117.64M96.94M
Cash & Equivalents29.12M33.19M102.59M91.36M95.69M72.36M59.74M53.65M46.41M21.65M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets-40.59M-45.21M-117.92M-108.71M47.04M-16.85M-6.92M-11.67M44.91M52.44M
Intangible Assets000021.18M23.32M23.86M25.28M26.32M55.37M
Total Liabilities670.17M689.38M1.02B1.14B1.22B1.33B1.17B1.18B1.24B1.26B
Total Debt+599.2M644.44M960.33M1.08B1.14B1.23B1.09B1.12B1.18B1.15B
Net Debt570.08M611.25M857.74M991.21M1.05B1.15B1.03B1.06B1.13B1.13B
Long-Term Debt576.21M589.42M857.97M1.03B528.28M542.7M584.24M578.7M809M1.14B
Short-Term Borrowings01000K1000K1000K1000K1000K1000K1000K1000K1000K
Capital Lease Obligations00009.13M9.15M8.13M8.09M8.04M8.11M
Total Current Liabilities+0000663.78M724.48M556.78M584.97M419.38M462.5M
Accounts Payable000043.09M42.27M42.71M45.25M48.36M89.58M
Deferred Revenue00008.52M6.91M8.62M5.92M6.5M7.22M
Other Liabilities-603.56M-614.6M-883M-1.05B8.84M42.28M24.85M9.41M8.16M6.13M
Total Equity+1.6B1.5B1.36B1.24B1.11B961.37M1.04B999.19M900.58M690.13M
Equity Growth %-0.08%-0.06%-0.1%-0.08%-0.11%-0.13%0.08%-0.04%-0.1%-0.23%
Shareholders Equity1.59B1.5B1.35B1.23B1.1B956.99M1.03B992.64M894.15M684.56M
Minority Interest9.7M8.87M8.51M7.8M5.41M4.39M6.7M6.55M6.43M5.57M
Common Stock861K894K910K919K923K938K993K1.05M1.11M1.13M
Additional Paid-in Capital1.91B1.98B2.01B2.03B2.08B2.1B2.33B2.42B2.51B2.53B
Retained Earnings-316.28M-486.57M-665.03M-804.33M-971.19M-1.11B-1.28B-1.46B-1.64B-1.87B
Preferred Stock000016K16K76K76K76K76K
Return on Assets (ROA)-0.02%-0.01%-0.02%-0.02%-0.04%-0.03%-0.04%-0.04%-0.03%-0.09%
Return on Equity (ROE)-0.03%-0.01%-0.03%-0.04%-0.07%-0.07%-0.09%-0.08%-0.08%-0.24%
Debt / Assets0.26%0.29%0.4%0.46%0.49%0.54%0.49%0.51%0.55%0.59%
Debt / Equity0.37x0.43x0.71x0.87x1.03x1.28x1.05x1.12x1.31x1.67x
Net Debt / EBITDA5.71x6.46x10.24x12.38x21.26x18.89x24.46x21.05x14.48x-
Book Value per Share62.3156.8250.1244.77-33.9936.7835.3231.8424.40

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+68.68M78.72M63.97M54.15M47.4M41.81M38.88M28.3M21.62M-79.85M
Operating CF Growth %15.65%0.15%-0.19%-0.15%-0.12%-0.12%-0.07%-0.27%-0.24%-4.69%
Operating CF / Revenue %----------
Net Income-41.74M-20.87M-42.55M-52.98M-88.31M-75.51M-85.44M-79.62M-72.38M-190.26M
Depreciation & Amortization-29.48M98.89M77.64M83.21M81.03M80.97M79.73M81.44M81.98M82.64M
Stock-Based Compensation0001.24M1.32M1.34M1.33M1.19M919K613K
Other Non-Cash Items158.79M17.21M36.3M44.05M62.72M38.99M43.69M32.72M16.4M24.21M
Working Capital Changes-18.89M-16.5M-7.43M-21.63M-9.36M-8.63M57K-10.18M-6.46M558K
Cash from Investing+-556.33M-19.09M-193.94M-115.06M-46.25M-82.49M-47.92M-41.78M-62.82M63.97M
Acquisitions (Net)500K01.34M00000284K0
Purchase of Investments-570.23M-38.75M-188.93M-128.06M-92M-94.98M-159.3M-25.54M-9.96M-5.61M
Sale of Investments1000K1000K757K1000K1000K1000K1000K1000K1000K1000K
Other Investing1M100K1.18M-102.15M-29.53M-60.6M-28.85M-13.79M-9.96M-1.71M
Cash from Financing+332.38M-55.57M199.37M49.68M19.09M19.43M4.08M4.64M55.97M-1.35M
Dividends Paid-66.21M-75.43M-76.72M-55.33M-51.43M-33.75M-5.14M-13.8M-13.8M-13.8M
Common Dividends000-55.33M-51.43M-31.35M0000
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K-1000K1000K1000K1000K
Share Repurchases-10.41M-12.18M-33.6M-14.2M-21.11M-10.54M0-42K00
Other Financing-1.33M-761K-857K-3.98M-22.02M-3.12M-1.62M-1.86M-8.65M-184K
Net Change in Cash+000-11.23M20.24M-21.25M-4.96M-8.84M14.78M-17.22M
Exchange Rate Effect0000000000
Cash at Beginning184.4M29.12M33.19M102.59M91.36M111.6M90.35M85.38M76.54M91.32M
Cash at End29.12M33.19M102.59M91.36M111.6M90.35M85.38M76.54M91.32M74.09M
Free Cash Flow+61.8M71.25M55.69M41.24M30.68M19.91M19.81M302K-773K-101.75M
FCF Growth %12.25%0.15%-0.22%-0.26%-0.26%-0.35%-0.01%-0.98%-3.56%-130.64%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share-2.772.951.31.1-0.18-0.190.090.37-3.73
FFO Payout Ratio0%96.69%218.61%181.7%-746.83%607.64%0%535.26%130.5%0%
NOI Margin56.21%3.64%8.04%39.02%37.54%36.18%37.51%36.45%37.04%37.49%
Net Debt / EBITDA5.71x6.46x10.24x12.38x21.26x18.89x24.46x21.05x14.48x-
Debt / Assets26.37%29.38%40.49%45.53%49.14%53.63%49.42%51.23%54.92%59.07%
Interest Coverage----0.06x-0.57x-0.39x-0.78x-0.61x-0.07x-1.78x
Book Value / Share62.3156.8250.1244.77-33.9936.7835.3231.8424.4
Revenue Growth323.1%22.28%2.85%16.53%3.45%1.79%-13.69%1.97%3%2.27%

Frequently Asked Questions

Growth & Financials

National Healthcare Properties, Inc. (NHPAP) reported $348.5M in revenue for fiscal year 2024. This represents a 496% increase from $58.4M in 2014.

National Healthcare Properties, Inc. (NHPAP) grew revenue by 2.3% over the past year. Growth has been modest.

National Healthcare Properties, Inc. (NHPAP) reported a net loss of $80.1M for fiscal year 2024.

Dividend & Returns

Yes, National Healthcare Properties, Inc. (NHPAP) pays a dividend with a yield of 2.57%. This makes it attractive for income-focused investors.

National Healthcare Properties, Inc. (NHPAP) has a return on equity (ROE) of -23.9%. Negative ROE indicates the company is unprofitable.

Industry Metrics

National Healthcare Properties, Inc. (NHPAP) generated Funds From Operations (FFO) of $5.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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