National Healthcare Properties Inc
NHPReal Estate·REIT - Healthcare Facilities·USA·Small·NASD·Nov 11 • 3:59 PM ET
Price
NHP against its 20 and 50-day averages10.4% under the 52-week high of 17.46 on 7 Aug 2026. 52-week low 11.25 on 22 Apr 2026. Last 15 sessions, 13.3% high to low
Volume 1.28× normal · the line is the 50-bar volume average
Profile
NHPNational Healthcare Properties, Inc. is a real estate investment trust, which engages in acquiring, owning, and managing a diversified portfolio of healthcare real estate assets. It operates through the following segments: Outpatient Medical Facilities (OMF) and Senior Housing Operating Properties (SHOP). The OMF segment includes facilities leased to healthcare-related tenants, as well as senior housing properties, hospitals, inpatient rehabilitation facilities, and skilled nursing facilities under long-term leases. The SHOP segment refers to direct investments in senior housing properties, primarily providing assisted living, independent living, and memory care services, which are operated through engaging independent third-party operators. The company was founded on October 15, 2012 and is headquartered in New York, NY.
| Index | RUT |
|---|---|
| IPO | Apr 22, 2026 |
| ATR, 14d | 0.72 |
| Rel volume | 1.28 |
| Short float | 6.29% |
| Inst own | 67.34% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 1.14B |
| Enterprise Value | 1.86B |
| Income | -23.95M |
| Sales | 361.24M |
| Book/sh | 12.59 |
| Cash/sh | 1.97 |
| Dividend Est. | 0.15 (0.96%) |
| Dividend TTM | 0.15 (0.96%) |
| Dividend Ex-Date | Oct 09, 2026 |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | - |
| IPO | Apr 22, 2026 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | 40.13 |
| PEG | - |
| P/S | 3.16 |
| P/B | 1.24 |
| P/C | 7.93 |
| P/FCF | 45.73 |
| EV/EBITDA | 18.02 |
| EV/Sales | 5.16 |
| Quick Ratio | 1.40 |
| Current Ratio | 1.40 |
| Debt/Eq | 0.94 |
| LT Debt/Eq | 0.94 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -0.38 |
|---|---|
| EPS next Y | 0.39 |
| EPS next Q | 0.21 |
| EPS this Y | 131.73% |
| EPS next Y | -50.63% |
| EPS next 5Y | - |
| EPS past 3/5Y | -5.66% -4.72% |
| Sales past 3/5Y | 0.41% -2.28% |
| EPS Y/Y TTM | 72.40% |
| Sales Y/Y TTM | 5.30% |
| EPS Q/Q | 204.44% |
| Sales Q/Q | 19.83% |
| Earnings | Nov 04 AMC |
| EPS/Sales Surpr. | -71.76% 9.30% |
Ownership
| Insider Own | - |
|---|---|
| Insider Trans | - |
| Inst Own | 67.34% |
| Inst Trans | 52.47% |
| ROA | -0.67% |
| ROE | -1.58% |
| ROIC | -0.68% |
| Gross Margin | 14.89% |
| Oper. Margin | 7.06% |
| Profit Margin | -6.63% |
| SMA20 | 2.57% |
| SMA50 | -0.13% |
| SMA200 | 3.05% |
| Trades | - |
Technical
| Shs Outstand | 44.27M |
|---|---|
| Shs Float | 44.27M |
| Short Float | 6.29% |
| Short Ratio | 3.00 |
| Short Interest | 2.79M |
| 52W High | 17.46 -10.37% |
| 52W Low | 11.25 39.11% |
| Volatility | 5.53% 5.49% |
| ATR (14) | 0.72 |
| RSI (14) | 52.71 |
| Beta | - |
| Rel Volume | 1.28 |
| Avg Volume | 928.62K |
| Volume | 1,192,156 |
Performance
| Perf Week | -0.95% |
|---|---|
| Perf Month | 0.90% |
| Perf Quarter | -4.05% |
| Perf Half Y | 18.92% |
| Perf YTD | 35.38% |
| Perf Year | - |
| Perf 3Y | - |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 2.00 |
| Target Price | 19.06 |
| Prev Close | 15.75 |
| Price | 15.65 |
| Change % | -0.63% |
Analyst ratings
latest 9 of 9| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Oct 13, 2026 | Initiated | RRaymond James | Outperform | $20 | +27.8% |
| Jul 17, 2026 | Initiated | HHuntington | Outperform | $18 | +15.0% |
| May 28, 2026 | Initiated | CCitizens | Mkt Outperform | $18 | +15.0% |
| May 18, 2026 | Initiated | RRobert W. Baird | Outperform | $17 | +8.6% |
| May 18, 2026 | Initiated | RRBC Capital Mkts | Sector Perform | $15 | -4.2% |
| May 18, 2026 | Initiated | MMorgan Stanley | Equal-Weight | $16 | +2.2% |
| May 18, 2026 | Initiated | KKeyBanc Capital Markets | Sector Weight | ||
| May 18, 2026 | Initiated | GGoldman | Buy | $20 | +27.8% |
| May 18, 2026 | Initiated | BBMO Capital Markets | Market Perform | $17 | +8.6% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| CHCT | Community Healthcare Trust Inc | 431.38M |
| DHC | Diversified Healthcare Trust | 1.78B |
| UHT | Universal Health Realty Income Trust | 542.50M |
| HR | Healthcare Realty Trust Inc | 6.52B |
| NHI | National Health Investors Inc | 3.24B |
| LTC | LTC Properties Inc | 2.47B |
| XRN | Chiron Real Estate Inc | 391.76M |
| STRW | Strawberry Fields Reit Inc | 705.85M |
| SBRA | Sabra Healthcare REIT Inc | 5.49B |
| MPT | Medical Properties Trust Inc | 1.05B |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| SCHH | Schwab U.S. REIT ETF | AUM: 11.94B |
| IWN | iShares Russell 2000 Value ETF | AUM: 14.10B |
| FREI | Fidelity Real Estate Income ETF | AUM: 50.86M |
| SCHA | Schwab U.S. Small-Cap ETF | AUM: 22.25B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| USRT | iShares Core U.S. REIT ETF | AUM: 4.30B |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | AUM: 95.28B |
News
latest 14 of 38- National Healthcare Properties Announces Appointments of Jeff Olson and Craig Smith to the Board of Directors (GlobeNewswire)
- National Healthcare Properties Reports Third Quarter 2026 Results (GlobeNewswire)
- Nationwide Health Properties Faces A Margin Test As Revenue Edges Up But Profit Expectations Slip (Earnings Whispers)
- National Healthcare Properties Head of Senior Housing Named to ASHA Executive Board (GlobeNewswire) +7.12%
- National Healthcare Properties Announces Release Date for Third Quarter 2026 Results (GlobeNewswire)
- National Healthcare Properties Announces Conversion of Class A Common Stock into Common Stock (GlobeNewswire)
- National Healthcare Properties Announces Fourth Quarter 2026 Common Stock Dividend (GlobeNewswire)
- National Healthcare Properties Announces Definitive Agreement to Sell 40 Additional Outpatient Medical Facilities for $531 Million, Signs LOI for Remaining Four OMFs and Provides SHOP Acquisition Pipeline Update (GlobeNewswire)
- Greenberg Traurig Advises National Healthcare Properties on Senior Housing Acquisitions in Multiple States (PR Newswire)
- National Healthcare Properties Completes Sale of 30 Multi-Tenant OMFs for $198 Million (GlobeNewswire)
- National Healthcare Properties Announces Redemption of All Outstanding Preferred Stock (GlobeNewswire)
- National Healthcare Properties Reports Second Quarter 2026 Results (GlobeNewswire)
- Discovery Senior Living Structures and Participates in Strategic Off-Market Transaction Between Capital Providers, Retains 36-Community Portfolio (TMX Newsfile)
- National Healthcare Properties Announces Release Date for Second Quarter 2026 Results (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-04 | 0.240 | 0.850 | -0.010 | 103.06 | 94.29 | 2 |
| 2026Q2 | 2026-08-05 | -0.130 | -0.115 | -0.132 | 87.53 | 89.13 | 4 |
| 2026Q1 | 2026-05-13 | -0.270 | - | -0.112 | 86.29 | - | - |
| 2025Q4 | 2026-02-20 | - | - | -0.383 | 84.48 | - | - |
| 2025Q3 | 2025-11-05 | - | - | -0.234 | 86.03 | - | - |
| 2025Q2 | 2025-08-06 | - | - | -0.357 | 85.33 | - | - |
| 2026Q4 | - | - | 0.210 | - | - | 100.01 | 5 |
| 2027Q1 | - | - | 0.346 | - | - | 98.26 | 5 |
| 2027Q2 | - | - | 0.008 | - | - | 104.54 | 5 |
| 2027Q3 | - | - | 0.014 | - | - | 113.8 | 5 |
| 2027Q4 | - | - | 0.016 | - | - | 118.91 | 5 |
| 2028Q1 | - | - | -0.015 | - | - | 124.48 | 2 |
| 2028Q2 | - | - | -0.005 | - | - | 129.74 | 2 |
| 2028Q3 | - | - | 0.010 | - | - | 135.93 | 2 |
| 2028Q4 | - | - | 0.020 | - | - | 140.89 | 2 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2025FY | -2.490 | - | - | 342.28 | - |
| 2026FY | - | 0.790 | - | - | 369.55 |
| 2027FY | - | 0.390 | - | - | 421.68 |
| 2028FY | - | 0.073 | - | - | 519.64 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-06 | 7 | 4 | 1 | 100.01 | 84.08 | 121.1 |
| 2026Q4 | S | 2026-11-05 | 7 | 2 | 1 | 94.35 | 80.70 | 121.1 |
| 2026Q4 | S | 2026-11-04 | 7 | 2 | 1 | 94.35 | 80.70 | 121.1 |
| 2026Q4 | S | 2026-10-21 | 7 | 2 | 1 | 94.35 | 80.70 | 121.1 |
| 2026Q4 | S | 2026-10-16 | 7 | 3 | 1 | 94.35 | 80.70 | 121.1 |
| 2026Q4 | S | 2026-10-09 | 7 | 2 | 2 | 93.20 | 80.70 | 121.1 |
| 2026Q4 | S | 2026-10-02 | 6 | 2 | 2 | 95.28 | 83.32 | 121.1 |
| 2026Q4 | S | 2026-09-30 | 6 | 3 | 1 | 96.31 | 84.08 | 121.1 |
| 2026Q4 | S | 2026-09-29 | 6 | 4 | 0 | 96.53 | 84.08 | 122.4 |
| 2026Q4 | S | 2026-09-28 | 6 | 4 | 0 | 96.62 | 84.08 | 122.4 |
| 2026Q4 | S | 2026-09-11 | 5 | 4 | 0 | 98.11 | 84.08 | 122.4 |
| 2026Q4 | S | 2026-09-03 | 5 | 4 | 0 | 97.68 | 84.08 | 122.4 |
| 2026Q4 | S | 2026-08-31 | 5 | 3 | 0 | 97.26 | 84.08 | 122.4 |
| 2026Q4 | S | 2026-08-13 | 5 | 3 | 0 | 96.54 | 84.08 | 122.4 |
Estimate history
| EPS, annual | -0.474 | -0.579 | -0.958 | -0.832 | -0.938 | -0.889 | -0.761 | -7.194 | -1.049 | -0.3829 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | -0.39 | -0.722 | -0.074 | -0.357 | -0.234 | -0.383 | -0.112 | -0.132 | 0.245 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Sales, annual | 311.001 | 362.259 | 374.828 | 381.434 | 329.141 | 335.687 | 345.766 | 353.618 | 339.806 | 361.24 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 88.9 | 87.698 | 84.065 | 85.3 | 85.994 | 84.447 | 86.253 | 87.498 | 103.044 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Shares, annual | 91.003 | 91.964 | 92.357 | 95.041 | 99.282 | 105.081 | 111.545 | 28.296 | 67.778 | 72.913 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 113.186 | 28.296 | 67.778 | 67.778 | 67.778 | 67.778 | 67.778 | 72.905 | 72.913 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 361.24 | 339.81 | 353.62 | 345.77 | 335.69 | 329.14 | 381.43 | 374.83 | 362.26 |
| Total Expenses | 335.72 | 319.46 | 460.04 | 347.50 | 335.64 | 329.24 | 370.19 | 359.50 | 344.87 |
| Operating Income | 25.52 | 20.34 | -106.42 | -1.74 | 0.05 | -0.10 | 11.24 | 15.32 | 17.39 |
| Unusual Expense | 23.30 | 44.66 | 24.49 | 4.68 | 27.63 | 40.95 | 36.45 | 55.97 | 20.66 |
| Net Income Before Taxes | -12.10 | -57.52 | -190.00 | -72.08 | -79.42 | -85.24 | -71.45 | -87.91 | -52.78 |
| Income Taxes | 0.13 | 0.16 | 0.26 | 0.30 | 0.20 | 0.20 | 4.06 | 0.40 | 0.20 |
| Consolidated Net Income | -12.23 | -57.69 | -190.26 | -72.38 | -79.62 | -85.44 | -75.51 | -88.31 | -52.98 |
| Net Income From Continuing Operations | -12.18 | -57.62 | -189.70 | -72.30 | -79.49 | -85.18 | -78.78 | -87.91 | -52.76 |
| Net Income | -23.95 | -71.07 | -203.50 | -86.10 | -93.28 | -92.94 | -81.75 | -88.09 | -52.76 |
| EPS (Recurring) | -0.35 | -0.59 | -6.59 | -0.73 | -0.70 | -0.65 | -0.56 | 0.42 | -0.42 |
| EPS (Basic, Before Extraordinaries) | -0.38 | -1.05 | -7.19 | -0.76 | -0.89 | -0.94 | -0.83 | -0.96 | -0.58 |
| EPS (Diluted) | -0.38 | -1.05 | -7.19 | -0.76 | -0.89 | -0.94 | -0.83 | -0.96 | -0.58 |
| Non-Operating Income (Expense) | 47.83 | 38.44 | 25.90 | 19.18 | -1.25 | -7.30 | -2.73 | 9.67 | 0.21 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 5.37 | 3.77 | 0.48 | 0.73 | 0.94 | 0.97 | 0.98 | 1.32 | 1.24 |
| Price To Sales Ratio | 3.23 | - | - | - | - | - | - | - | - |
| Gross Margin | 14.89 | 13.28 | -21.85 | 5.71 | 4.46 | 5.90 | 8.67 | 9.68 | 9.70 |
| Operating Margin | 7.06 | 5.99 | -30.10 | -0.50 | 0.01 | -0.03 | 2.95 | 4.09 | 4.80 |
| Net Margin | -6.63 | -20.91 | -57.55 | -24.90 | -27.79 | -28.24 | -21.43 | -23.50 | -14.56 |
| Shares Outstanding | 72.91 | 67.78 | 28.30 | 111.55 | 105.08 | 99.28 | 95.04 | 92.36 | 91.96 |
| Market Capitalization | 1,149.16 | 1,149.16 | - | - | - | - | - | - | - |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 103.04 | 87.50 | 86.25 | 84.45 | 85.99 | 85.30 | 84.06 | 87.70 |
| Total Expenses | 101.84 | 78.55 | 75.90 | 79.42 | 77.68 | 78.23 | 84.13 | 82.23 |
| Operating Income | 1.20 | 8.95 | 10.35 | 5.02 | 8.31 | 7.07 | -0.07 | 5.47 |
| Unusual Expense | 8.18 | 3.91 | 0.05 | 11.16 | 6.64 | 14.96 | 11.90 | 12.99 |
| Net Income Before Taxes | 20.14 | -5.34 | -4.20 | -22.70 | -12.47 | -20.83 | -1.52 | -16.90 |
| Income Taxes | -0.10 | 0.05 | 0.08 | 0.10 | 0.07 | 0.00 | -0.01 | 0.13 |
| Consolidated Net Income | 20.24 | -5.39 | -4.28 | -22.80 | -12.53 | -20.83 | -1.51 | -17.03 |
| Net Income From Continuing Operations | 20.18 | -5.36 | -4.31 | -22.70 | -12.55 | -20.80 | -1.57 | -16.99 |
| Net Income | 17.78 | -8.14 | -7.60 | -25.98 | -15.88 | -24.19 | -5.02 | -20.44 |
| EPS (Recurring) | 0.08 | -0.09 | -0.11 | -0.27 | -0.17 | -0.20 | 0.05 | -0.40 |
| EPS (Basic, Before Extraordinaries) | 0.24 | -0.13 | -0.11 | -0.38 | -0.23 | -0.36 | -0.07 | -0.72 |
| EPS (Diluted) | 0.24 | -0.13 | -0.11 | -0.38 | -0.23 | -0.36 | -0.07 | -0.72 |
| Non-Operating Income (Expense) | 40.82 | 3.94 | 1.77 | 1.30 | 3.23 | 5.15 | 28.77 | 11.57 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 2.13 | 1.28 | 0.48 | 1.47 | 1.05 | 0.47 | 0.00 | - |
| Price To Sales Ratio | 3.23 | 2.62 | - | - | - | - | - | - |
| Gross Margin | 8.80 | 17.83 | 18.12 | 15.95 | 16.46 | 15.18 | 6.18 | 14.19 |
| Operating Margin | 1.16 | 10.23 | 12.00 | 5.95 | 9.67 | 8.29 | -0.08 | 6.24 |
| Net Margin | 17.25 | -9.30 | -8.81 | -30.76 | -18.47 | -28.36 | -5.97 | -23.30 |
| Shares Outstanding | 72.91 | 72.91 | 67.78 | 67.78 | 67.78 | 67.78 | 67.78 | 28.30 |
| Market Capitalization | 1,149.16 | 1,068.06 | 1,068.79 | - | - | - | - | - |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 108.45 | 74.09 | 91.32 | 76.54 | 85.38 | 90.35 | 111.60 | 91.36 | 102.59 |
| Short Term Receivables | 30.74 | 22.84 | 26.32 | 25.28 | 23.86 | 23.32 | 21.18 | 17.35 | 15.33 |
| Investments | 1,519.39 | 1,780.31 | 1,968.03 | 2,018.94 | 2,050.10 | 2,108.96 | 2,053.98 | 2,175.80 | 2,178.89 |
| Investment in Unconsolidated Affiliates | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Property, Plant & Equipment | 7.38 | 7.48 | 7.71 | 7.81 | 7.91 | 13.91 | 14.35 | 0.00 | 0.00 |
| Deferred Tax Assets | 0.24 | - | - | - | - | - | - | - | - |
| Other Intangible Assets | 45.57 | 61.30 | 51.78 | 51.78 | 47.15 | 50.35 | 124.19 | 92.93 | 75.06 |
| Total Assets | 1,711.77 | 1,946.02 | 2,145.16 | 2,180.35 | 2,214.40 | 2,286.89 | 2,325.30 | 2,377.45 | 2,371.86 |
| Total Debt | 1,062.57 | 1,174.67 | 1,564.09 | 1,143.98 | 1,607.41 | 1,237.21 | 1,154.74 | 1,082.57 | 960.33 |
| Long Term Debt | 725.89 | 1,167.29 | 1,540.45 | 1,136.43 | 1,603.26 | 1,235.89 | 1,153.88 | 1,044.22 | 876.79 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 44.67 | 81.22 | -319.51 | 37.17 | -433.41 | 88.32 | 63.82 | 53.95 | 55.47 |
| Total Liabilities | 1,107.25 | 1,255.90 | 1,244.58 | 1,181.16 | 1,174.00 | 1,325.52 | 1,218.56 | 1,136.51 | 1,015.80 |
| Preferred Stock - Carrying Value | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.02 | 0.02 | 0.00 | 0.00 |
| Common Equity | 599.99 | 684.48 | 894.08 | 992.56 | 1,033.62 | 956.97 | 1,101.32 | 1,233.14 | 1,347.55 |
| Total Shareholders Equity | 600.06 | 684.56 | 894.15 | 992.64 | 1,033.70 | 956.99 | 1,101.33 | 1,233.14 | 1,347.55 |
| Accumulated Minority Interest | 4.46 | 5.57 | 6.43 | 6.55 | 6.70 | 4.39 | 5.41 | 7.80 | 8.51 |
| Total Equity | 604.52 | 690.12 | 900.58 | 999.19 | 1,040.40 | 961.37 | 1,106.74 | 1,240.93 | 1,356.06 |
| Total Liabilities & Stockholders Equity | 1,711.77 | 1,946.02 | 2,145.16 | 2,180.35 | 2,214.40 | 2,286.89 | 2,325.30 | 2,377.45 | 2,371.86 |
| Book Value Per Share | 8.85 | 24.19 | 8.02 | 9.45 | 10.41 | 10.07 | 11.92 | 13.41 | 14.81 |
| Tangible Book Value Per Share | 8.85 | 24.16 | 8.02 | 9.45 | 10.41 | 10.07 | 11.92 | 13.41 | 14.81 |
| Price to Book Ratio | 1.25 | - | - | - | - | - | - | - | - |
| Return on Assets | -3.15 | -9.27 | -3.34 | -3.62 | -3.78 | -3.42 | -3.74 | -2.22 | -1.86 |
| Return on Equity | -8.97 | -24.03 | -7.66 | -7.85 | -8.56 | -7.65 | -7.53 | -4.09 | -2.99 |
| Return on Invested Capital | -4.35 | -10.24 | -2.97 | -3.73 | -3.23 | -3.59 | -3.90 | -2.32 | -1.91 |
| Quick Ratio | 0.36 | 1.02 | 1.57 | 1.83 | 2.17 | 2.57 | 4.00 | 1.89 | 1.17 |
| Current Ratio | 0.36 | 1.02 | 1.57 | 1.83 | 2.17 | 2.57 | 4.00 | 1.89 | 1.17 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Funds from Operations | 57.57 | 52.57 | -80.40 | 28.08 | 38.47 | 38.82 | 50.44 | 56.76 | 75.78 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -1.26 | -45.62 | 0.56 | -6.46 | -10.18 | 0.06 | -8.63 | -9.36 | -21.63 |
| Cash from Operating Activities | 56.31 | 6.95 | -79.85 | 21.62 | 28.30 | 38.88 | 41.81 | 47.40 | 54.15 |
| Capital Expenditures | -31.34 | -28.73 | -21.91 | -22.40 | -27.99 | -19.07 | -21.89 | -16.72 | -12.91 |
| Net Assets From Acquisitions | -3.23 | -0.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -157.04 | 99.91 | 87.59 | -30.46 | -13.79 | -28.85 | -60.60 | -29.53 | -102.15 |
| Purchase of Investments | -399.22 | -0.25 | -5.61 | -35.26 | -25.54 | -159.30 | -94.98 | -92.00 | -128.06 |
| Sale Or Maturity of Investments | 242.18 | 100.16 | 93.19 | 4.80 | 11.75 | 130.45 | 34.38 | 62.47 | 25.90 |
| Other Uses | -4.39 | -1.38 | -1.71 | -9.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -196.01 | 68.83 | 63.97 | -62.53 | -41.78 | -47.92 | -82.49 | -46.25 | -115.06 |
| Cash Dividends Paid | -19.26 | -13.45 | -13.80 | -13.80 | -13.80 | -5.14 | -33.75 | -51.43 | -55.33 |
| Change in Capital Stock | 390.65 | -5.42 | 0.00 | 0.00 | 0.00 | 143.16 | -11.55 | 16.50 | -14.20 |
| Repurchase of Common Pref Stock | -108.78 | -5.42 | 0.00 | 0.00 | 0.00 | 0.00 | -11.55 | -21.11 | -14.20 |
| Sale of Common Pref Stock | 499.42 | 0.00 | 0.00 | 0.00 | 0.00 | 143.16 | 0.00 | 37.62 | 0.00 |
| Proceedsfrom Stock Options | 499.42 | 0.00 | 0.00 | 0.00 | 0.00 | 143.16 | 0.00 | 37.62 | 0.00 |
| Issuance or Reduction of Debt, Net | -448.77 | -28.80 | 12.64 | 64.26 | 18.67 | -133.81 | 65.62 | 56.50 | 119.84 |
| Change in Long Term Debt | -448.77 | -331.11 | -18.82 | 230.11 | -6.66 | 40.00 | -1.05 | 49.18 | 52.08 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 231.25 | 0.00 | 41.26 | 0.00 | 116.98 | 115.35 |
| Reduction of Long Term Debt | -448.77 | -331.11 | -18.82 | -1.14 | -6.66 | -1.26 | -1.05 | -67.80 | -63.26 |
| Net Financing Active Other Cash Flow | -9.99 | 0.04 | -0.18 | 5.23 | -1.90 | -0.13 | -3.12 | -2.49 | -0.62 |
| Other Financing Activities Uses | -13.99 | -7.01 | -0.18 | -0.18 | -1.86 | -0.13 | -3.02 | -2.49 | -0.62 |
| Cash from Financing Activities | 181.19 | -41.42 | -1.35 | 55.69 | 4.64 | 4.08 | 19.43 | 19.09 | 49.68 |
| Net Change in Cash | 41.50 | 34.36 | -17.22 | 14.78 | -8.84 | -4.96 | -21.25 | 20.24 | -11.23 |
| Free Cash Flow | 24.97 | -21.77 | -101.75 | -0.77 | 0.30 | 19.81 | 19.91 | 30.68 | 41.24 |
| Preferred Dividends (Cash Flow) | - | -13.45 | -13.80 | -13.80 | -13.80 | -5.14 | -2.40 | - | 0.00 |
| Price to Free Cash Flow | 203.96 | - | - | - | - | - | - | - | - |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 144.03 | 302.38 | 106.60 | 108.45 | 102.54 | 103.17 |
| Short Term Receivables | 27.75 | 29.08 | 30.95 | 30.74 | 31.31 | 29.63 |
| Investments | 1,684.45 | 1,594.89 | 1,508.41 | 1,519.39 | 1,548.69 | 1,576.48 |
| Investment in Unconsolidated Affiliates | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Property, Plant & Equipment | 13.94 | 7.30 | 7.28 | 7.38 | 7.28 | 6.84 |
| Deferred Tax Assets | - | - | - | 0.24 | - | - |
| Other Intangible Assets | 44.64 | 42.62 | 44.83 | 45.57 | 49.24 | 42.78 |
| Total Assets | 1,914.82 | 1,976.27 | 1,698.06 | 1,711.77 | 1,739.06 | 1,758.90 |
| Total Debt | 863.45 | 860.96 | 1,048.55 | 1,062.57 | 1,059.09 | 1,051.33 |
| Long Term Debt | 863.22 | 528.65 | 714.58 | 725.89 | 1,057.19 | 1,047.65 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 130.29 | 58.09 | 52.97 | 44.67 | 47.32 | 55.08 |
| Total Liabilities | 993.74 | 919.05 | 1,101.52 | 1,107.25 | 1,106.41 | 1,106.41 |
| Preferred Stock - Carrying Value | 0.00 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 |
| Common Equity | 918.18 | 1,054.06 | 592.08 | 599.99 | 627.15 | 646.96 |
| Total Shareholders Equity | 918.18 | 1,054.12 | 592.16 | 600.06 | 627.22 | 647.03 |
| Accumulated Minority Interest | 2.89 | 3.10 | 4.39 | 4.46 | 5.43 | 5.45 |
| Total Equity | 921.08 | 1,057.22 | 596.54 | 604.52 | 632.65 | 652.48 |
| Total Liabilities & Stockholders Equity | 1,914.82 | 1,976.27 | 1,698.06 | 1,711.77 | 1,739.06 | 1,758.90 |
| Book Value Per Share | 12.59 | 14.46 | 8.74 | 8.85 | 9.25 | 9.55 |
| Tangible Book Value Per Share | 12.59 | 14.46 | 8.74 | 8.85 | 9.25 | 9.55 |
| Price to Book Ratio | 1.25 | 1.68 | 1.68 | - | - | - |
| Return on Assets | -0.67 | -2.41 | -3.42 | -3.15 | -2.78 | -4.13 |
| Return on Equity | -1.58 | -5.28 | -9.53 | -8.97 | -7.81 | -11.41 |
| Return on Invested Capital | 1.13 | -0.34 | -0.33 | -1.71 | -0.75 | -1.23 |
| Quick Ratio | 1.40 | 0.86 | - | 0.36 | 2.72 | 2.53 |
| Current Ratio | 1.40 | 0.86 | - | 0.36 | 2.72 | 2.53 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Funds from Operations | 16.10 | 17.20 | 13.87 | 10.40 | 14.66 | 14.11 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.36 | 4.41 | -4.86 | -0.44 | -4.49 | -5.46 |
| Cash from Operating Activities | 15.73 | 21.61 | 9.01 | 9.96 | 10.17 | 8.65 |
| Capital Expenditures | -8.96 | -5.34 | -5.26 | -11.77 | -4.59 | -6.70 |
| Net Assets From Acquisitions | -1.12 | -1.12 | 0.00 | -0.98 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -68.83 | -98.03 | 0.00 | 9.82 | 1.58 | 4.80 |
| Purchase of Investments | -301.19 | -98.03 | 0.00 | 0.00 | 0.00 | -0.25 |
| Sale Or Maturity of Investments | 232.36 | 0.00 | 0.00 | 9.82 | 1.58 | 5.05 |
| Other Uses | -2.86 | 0.00 | -0.15 | -1.38 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -81.78 | -104.50 | -5.42 | -4.31 | -3.01 | -1.90 |
| Cash Dividends Paid | -9.39 | -3.29 | -3.29 | -3.28 | -3.33 | -3.38 |
| Preferred Dividends (Cash Flow) | -3.85 | -3.29 | -3.29 | -3.28 | -3.33 | -3.38 |
| Change in Capital Stock | -82.25 | 473.81 | 0.00 | -0.92 | -2.77 | -1.74 |
| Repurchase of Common Pref Stock | -82.25 | -25.61 | 0.00 | -0.92 | -2.77 | -1.74 |
| Sale of Common Pref Stock | 0.00 | 499.42 | 0.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 499.42 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -1.25 | -187.85 | -1.66 | -1.92 | -1.66 | -23.57 |
| Change in Long Term Debt | -117.86 | -0.22 | -0.22 | -330.47 | -0.22 | -0.22 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -117.86 | -0.22 | -0.22 | -330.47 | -0.22 | -0.22 |
| Net Financing Active Other Cash Flow | -5.70 | -4.18 | -0.49 | 0.38 | -0.05 | -0.90 |
| Other Financing Activities Uses | -6.60 | -0.23 | -0.49 | -6.66 | -0.05 | -0.25 |
| Cash from Financing Activities | -92.30 | 278.67 | -5.45 | 0.27 | -7.80 | -29.39 |
| Net Change in Cash | -158.34 | 195.78 | -1.85 | 5.92 | -0.63 | -23.24 |
| Free Cash Flow | 6.77 | 16.26 | 3.75 | -1.81 | 5.58 | 1.96 |
| Price to Free Cash Flow | 203.96 | 85.30 | - | - | - | - |
Revenue breakdown
| United States | 2024: 353.79M 2025: 342.28M |
|---|---|
| Outpatient Medical Facilities | 2024: 137.32M 2025: 117.06M |
| Seniors Housing Communities | 2024: 216.48M 2025: 225.22M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 6.29% | 2.8M | 44.3M | 876.66K |
| 2026-10-15 | 8.28% | 3.7M | 44.3M | 648.00K |
| 2026-09-30 | 7.56% | 3.3M | 44.3M | 611.44K |
| 2026-09-15 | 8.74% | 3.9M | 44.3M | 752.93K |
| 2026-08-31 | 7.98% | 3.5M | 44.3M | 783.73K |
| 2026-08-14 | 7.73% | 3.4M | 44.3M | 748.09K |
| 2026-07-31 | 5.96% | 2.6M | 44.3M | 711.29K |
| 2026-07-15 | 7.11% | 3.1M | 44.3M | 1.04M |
| 2026-06-30 | 8.93% | 4.0M | 44.3M | 1.14M |
| 2026-06-15 | 3.96% | 1.8M | 44.3M | 938.85K |
| 2026-05-29 | 3.96% | 1.8M | 44.3M | 1.08M |
| 2026-05-15 | 2.53% | 1.7M | 67.8M | 1.48M |
| 2026-04-30 | 2.56% | 1.7M | 67.8M | 2.92M |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 10.00 | 3.60 | 7.30 | 0.00 | 5.012 | 0.00 | 0.00 | 0.953 | -0.026 | 0.002 |
| call | 12.50 | 1.20 | 4.80 | 2.92 | 3.440 | 1.00 | 0.00 | 0.810 | -0.076 | 0.007 |
| call | 15.00 | 0.00 | 2.60 | 1.50 | 2.384 | 3.00 | 0.00 | 0.665 | -0.237 | 0.009 |
| call | 17.50 | 0.00 | 1.95 | 0.55 | 2.718 | 6.00 | 0.00 | 0.480 | -0.150 | 0.010 |
| call | 20.00 | 0.00 | 1.95 | 0.00 | 3.423 | 0.00 | 0.00 | 0.423 | -0.185 | 0.010 |
| put | 10.00 | 0.00 | 0.10 | 0.05 | 1.827 | 12.00 | 0.00 | -0.049 | -0.025 | 0.002 |
| put | 12.50 | 0.00 | 0.60 | 0.20 | 2.810 | 3.00 | 0.00 | -0.246 | -0.119 | 0.008 |
| put | 15.00 | 0.00 | 4.90 | 0.75 | 5.673 | 5.00 | 0.00 | -0.335 | -0.236 | 0.009 |
| put | 17.50 | 0.25 | 10.20 | 0.00 | 9.908 | 0.00 | 0.00 | -0.520 | -0.148 | 0.010 |
| put | 20.00 | 2.60 | 12.50 | 0.00 | 10.245 | 0.00 | 0.00 | -0.576 | -0.183 | 0.010 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | 8-K | Current report | 2026-11-04 | SEC |
| 2026-11-10 | 424B5 | SEC | ||
| 2026-11-10 | 8-K | Current report | 2026-11-10 | SEC |
| 2026-11-09 | 8-K | Current report | 2026-11-06 | SEC |
| 2026-11-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-05 | SCHEDULE 13G/A | SEC | ||
| 2026-11-04 | 8-K | Current report | 2026-11-04 | SEC |
| 2026-10-29 | SCHEDULE 13G/A | SEC | ||
| 2026-10-27 | SCHEDULE 13G/A | SEC | ||
| 2026-10-22 | 8-K | Current report | 2026-10-18 | SEC |
| 2026-10-07 | SCHEDULE 13G/A | SEC | ||
| 2026-10-05 | 25-NSE | SEC | ||
| 2026-09-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-27 | SEC |
| 2026-09-29 | 8-K | Current report | 2026-09-25 | SEC |
| 2026-09-14 | 8-K | Current report | 2026-09-11 | SEC |
| 2026-09-10 | 8-K | Current report | 2026-09-10 | SEC |
| 2026-09-03 | 25-NSE | SEC | ||
| 2026-08-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-17 | SEC |
| 2026-08-19 | 3 | Initial statement of beneficial ownership of securities | 2026-08-10 | SEC |
| 2026-08-14 | SCHEDULE 13G | SEC | ||
| 2026-08-14 | SCHEDULE 13G | SEC | ||
| 2026-08-14 | SCHEDULE 13G | SEC | ||
| 2026-08-13 | SCHEDULE 13G | SEC | ||
| 2026-08-10 | SCHEDULE 13G | SEC | ||
| 2026-08-07 | S-3ASR | Automatic shelf registration statement of securities of well-known seasoned issuers | SEC | |
| 2026-08-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-06 | SCHEDULE 13G | SEC | ||
| 2026-08-05 | 8-K | Current report | 2026-08-03 | SEC |
| 2026-07-29 | SCHEDULE 13G | SEC | ||
| 2026-07-10 | 8-K | Current report | 2026-07-07 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| ALLIANCEBERNSTEIN L.P. | 6.71% |
| PRUDENTIAL FINANCIAL INC | 6.18% |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | 5.41% |
| BlackRock, Inc. | 5.27% |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | 4.60% |
| PRINCIPAL FINANCIAL GROUP INC | 4.45% |
| Zimmer Partners, LP | 4.16% |
| RUSH ISLAND MANAGEMENT, LP | 3.54% |
| Alyeska Investment Group, L.P. | 3.49% |
| FMR LLC | 2.52% |
Funds
| Fund | % owned |
|---|---|
| Real Estate Securities Fund | 3.55% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 1.63% |
| iShares Russell 2000 ETF | 1.47% |
| Impax Small Cap Fund | 0.75% |
| AB EQUITY INCOME FUND INC | 0.73% |
| PGIM Global Real Estate Fund | 0.69% |
| Fidelity Small Cap Index Fund | 0.68% |
| Fidelity Real Estate Investment Portfolio | 0.68% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.66% |
| Fidelity SAI Real Estate Fund | 0.64% |
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