National Healthcare Properties Recasts Credit Facilities to $1.2B
National Healthcare Properties, Inc. recast its senior unsecured credit facilities, increasing total lender commitments from $550 million to $1.2 billion, including a $750 million revolving facility and a new $150 million delayed draw term loan, with extended maturities and reduced interest rates. The company also reported Q2 2026 results, including a net loss of $(0.13) per share, FFO of $0.19 per diluted share, and a 20.1% increase in SHOP Same Store Cash NOI. Additionally, NHP completed $400 million in SHOP acquisitions and appointed Albert M. Campbell to its Board.
Key Highlights
- Recast credit facilities to $1.2 billion from $550 million, with improved terms.
- Revolving facility increased to $750 million from $400 million.
- Q2 2026 net loss attributable to common stockholders of $(0.13) per share.
- Q2 2026 FFO of $0.19 per diluted share, consistent year-over-year.
- SHOP Same Store Cash NOI increased 20.1% year-over-year.
- Completed $400 million in SHOP acquisitions or under definitive agreement.
- Repaid $332 million outstanding Fannie Mae secured debt.
- Revised 2026 SHOP Same Store Cash NOI growth guidance to 15.0%-18.0%.
Price Impact
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