National Healthcare Properties, Inc. income statement
In fiscal 2025, National Healthcare Properties, Inc. reported revenue of $342m, down 3.3% on the year before, operating income of $3.3m (a 1.0% margin) and net income of −$71.1m, or −$2.51 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 58 | 247 | 303 | 311 | 362 | 375 | 382 | 329 | 336 | 346 | 354 | 342 | 344 |
| Gross profit | 2 | 32 | 122 | 130 | 125 | 141 | 141 | 138 | 124 | 122 | 128 | 132 | 123 | 130 |
| General and administrative | 0 | 4 | 10 | 12 | 16 | 17 | 21 | 22 | 17 | 17 | 19 | 22 | 24 | 26 |
| Operating income | −0 | −34 | −36 | −3 | −12 | −3 | −32 | −20 | −37 | −32 | −5 | −124 | 3 | 11 |
| Interest expense | 0 | 4 | 10 | 20 | 30 | 49 | 56 | 52 | 48 | 52 | 66 | 69 | 61 | 58 |
| Income before tax | −0 | −37 | −45 | −23 | −42 | −53 | −88 | −71 | −85 | −79 | −72 | −190 | −58 | −45 |
| Income tax | 0 | 1 | −3 | −2 | 1 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −0 | −38 | −42 | −21 | −43 | −53 | −88 | −79 | −93 | −93 | −86 | −203 | −71 | −58 |
| Diluted EPS | −$0.39 | −$2.92 | −$1.93 | −$0.95 | −$1.85 | −$2.21 | −$3.47 | −$2.92 | −$3.23 | −$3.30 | −$3.04 | −$7.19 | −$2.51 | −$1.57 |
| Diluted shares (average) | — | 13m | 22m | 22m | 23m | 24m | 25m | 27m | 29m | 28m | 28m | 28m | 28m | 37m |
| EBITDA | 1 | −5 | 85 | 96 | 65 | 80 | 49 | 61 | 42 | 51 | 78 | −39 | 82 | 83 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 89 | 88 | 86 | 85 | 86 | 84 | 86 | 88 |
| Gross profit | 33 | 33 | 29 | 31 | 32 | 31 | 33 | 33 |
| General and administrative | 6 | 6 | 5 | 5 | 6 | 9 | 5 | 7 |
| Operating income | −21 | −1 | 13 | −6 | 2 | −7 | 10 | 5 |
| Interest expense | 18 | 17 | 15 | 16 | 15 | 16 | 15 | 13 |
| Income before tax | −41 | −17 | −2 | −21 | −12 | −23 | −4 | −5 |
| Income tax | 0 | 0 | −0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −44 | −20 | −5 | −24 | −16 | −26 | −8 | −8 |
| Diluted EPS | −$1.56 | −$0.72 | −$0.18 | −$0.85 | −$0.56 | −$0.92 | −$0.27 | −$0.13 |
| EBITDA | −0 | 20 | 37 | 13 | 20 | 11 | 28 | 23 |
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