NHPNational Healthcare Properties, Inc.
Real Estate Investment Trusts
- Revenue
- $342M
- 3.3% YoY
- Operating margin
- 1.0%
- 103% YoY
- EBITDA
- $82M
- 307% YoY
- Market cap
- $428M
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- 1.1
- mentions per 10K words
Takeover score 0 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo80% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.1 per 10K words · 35th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$428M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $329M | $336M | $346M | $354M | $342M | 3.3% |
| Operating income | −$37M | −$32M | −$5M | −$124M | $3M | 103% |
| Operating cash flow | $39M | $28M | $22M | −$80M | $7M | 109% |
| Stock-based comp | $1M | $1M | $919K | $613K | $4M | 514% |
| Buybacks | $0 | $0 | — | — | — | |
| Dividends | $0 | $0 | — | — | — |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Mar 17, 2020 | SC TO-T/A | Comrit Investments 1, LP | — | — |
| Mar 10, 2020 | SC TO-T/A | Comrit Investments 1, LP | — | — |
| Feb 26, 2020 | SC TO-T | Comrit Investments 1, LP | — | — |
| Oct 3, 2016 | SC TO-T/A | MACKENZIE CAPITAL MANAGEMENT, LP | — | — |
| Aug 15, 2016 | SC TO-T | MACKENZIE CAPITAL MANAGEMENT, LP | — | — |
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.