Quarterly ResultAug 5, 2026, 04:51 PM
National Healthcare Properties Recasts $1.2B Credit Facility, Raises SHOP NOI Guidance
AI Summary
National Healthcare Properties, Inc. announced its Q2 2026 results, highlighted by a significant recast of its senior unsecured credit facilities, increasing commitments to $1.2 billion at improved spreads and terms. The company reported strong SHOP Same Store Cash NOI growth of 20.1% year-over-year, leading to an upward revision of its full-year 2026 SHOP NOI guidance. NHP also completed $400 million in SHOP acquisitions and appointed Albert M. Campbell to its Board of Directors, while reporting a net loss of $(0.13) per share and a decrease in Normalized FFO per share.
Key Highlights
- Recast senior unsecured credit facilities to $1.2 billion, up from $550 million, with improved spreads and terms.
- SHOP Same Store Cash NOI increased 20.1% on a year-over-year basis.
- Revised full-year 2026 SHOP Same Store Cash NOI growth guidance to 15.0%-18.0% (from 13.0%-16.0%).
- Completed or under definitive agreement for $400 million in 2026 SHOP acquisitions.
- Net leverage improved to 4.9x as of June 30, 2026, from 9.2x a year prior.
- Reported Net loss attributable to common stockholders of $(0.13) per basic and diluted share.
- Nareit FFO of $0.19 per diluted share and Normalized FFO of $0.18 per diluted share.
- Declared a quarterly common stock dividend of $0.075 per share.
Price Impact
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