National Healthcare Properties, Inc. (NHPAP) Revenue History
Annual and quarterly revenue from 2014 to 2024
Compound Annual Growth Rate (CAGR)
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NHPAP Revenue Growth
NHPAP Revenue Analysis (2014–2024)
As of May 8, 2026, National Healthcare Properties, Inc. (NHPAP) generated trailing twelve-month (TTM) revenue of $348.5 million, reflecting slight decline in growth of -3.9% year-over-year. The most recent quarter (Q2 2025) recorded $85.3 million in revenue, down 1.3% sequentially.
Looking at the longer-term picture, NHPAP's 5-year compound annual growth rate (CAGR) stands at -1.2%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $381.6 million in 2020.
When compared to Real Estate sector peers including NHI (+17.5% YoY), OHI (+14.2% YoY), and SBRA (+12.9% YoY), NHPAP has underperformed the peer group in terms of revenue growth. Compare NHPAP vs NHI →
NHPAP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NHPAPCurrent | $348M | -3.9% | -1.2% | -34.9% | |
 NHI | $379M | +17.5% | +2.6% | 51.5% | |
 OHI | $1.2B | +14.2% | +6.1% | 62.6% | |
 SBRA | $775M | +12.9% | +5.3% | 34.1% | |
 LTC | $263M | +49.0% | +10.5% | 48.2% | |
 CTRE | $477M | +90.0% | +22.1% | 67.2% |
NHPAP Historical Revenue Data (2014–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $353.8M | +2.3% | $132.6M | 37.5% | $-123,541,000 | -34.9% |
| 2023 | $345.9M | +3.0% | $128.1M | 37.0% | $-4,738,000 | -1.4% |
| 2022 | $335.8M | +2.0% | $122.4M | 36.4% | $-31,541,000 | -9.4% |
| 2021 | $329.4M | -13.7% | $123.5M | 37.5% | $-37,435,000 | -11.4% |
| 2020 | $381.6M | +1.8% | $138.1M | 36.2% | $-19,872,000 | -5.2% |
| 2019 | $374.9M | +3.5% | $140.7M | 37.5% | $-31,788,000 | -8.5% |
| 2018 | $362.4M | +16.5% | $141.4M | 39.0% | $-3,176,000 | -0.9% |
| 2017 | $311.0M | +2.8% | $25.0M | 8.0% | $6.1M | 2.0% |
| 2016 | $302.4M | +22.3% | $11.0M | 3.6% | $-4,217,000 | -1.4% |
| 2015 | $247.3M | +323.1% | $139.0M | 56.2% | $129.3M | 52.3% |
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Start ComparisonNHPAP — Frequently Asked Questions
Quick answers to the most common questions about buying NHPAP stock.
Is NHPAP's revenue growth accelerating or slowing?
NHPAP revenue growth slowed to -3.9%, below the 5-year CAGR of -1.2%. TTM revenue is $348M. The deceleration marks a shift from historical growth rates.
What is NHPAP's long-term revenue growth rate?
National Healthcare Properties, Inc.'s 5-year revenue CAGR of -1.2% reflects the variable expansion pattern. Current YoY growth of -3.9% is near this long-term average.
How is NHPAP's revenue distributed by segment?
NHPAP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2024 are available for download. Segment mix reveals concentration and diversification trends.