Thu, Feb 27, 9:57 PM (52 days ago)
**National Healthcare Properties, Inc. (NHP) - Summary of Financial Performance for FY 2024** For the fiscal year ended December 31, 2024, National Healthcare Properties, Inc. (NHP) reported total revenue of $353.8 million, a 2.3% increase from the previous year. However, the company experienced a significant net loss attributable to common stockholders of $203.5 million, compared to a loss of $86.1 million in FY 2023, primarily due to $106.7 million in termination fees related to the internalization of management functions. Operating expenses surged by 38.9% to $486.6 million, driven by impairment charges of $24.9 million and increased general and administrative costs post-internalization. NHP's operating segments include Outpatient Medical Facilities (OMFs) and Senior Housing Operating Properties (SHOPs). As of December 31, 2024, the company owned 193 properties across 31 states, with a total gross asset value of $2.5 billion. The internalization of management functions in September 2024 marked a strategic shift, reducing reliance on external management. Looking ahead, NHP aims to enhance cash flows from operations while managing rising operational costs and inflation pressures. The company faces risks associated with tenant defaults and regulatory challenges in the healthcare sector. As of year-end, NHP's liquidity position was stable, with $21.7 million in cash and cash equivalents.