NHP

Interested in National Healthcare Properties, Inc.? Here are five stocks we like better. SHOP performance drove results: Same-store cash NOI rose 20.1% year over year, supported by higher occupancy, RevPOR and margins. NHP raised its 2026 SHOP NOI growth outlook to 15%–18%, while maintaining its OMF guidance. Senior housing expansion accelerated: NHP acquired 19 properties with 1,214 units year to date for approximately $280 million and expects $375 million–$425 million of acquisitions in 2026. It also has additional pending purchases and is the stalking horse bidder for five bankruptcy-process communities. Leverage improved materially after the IPO: Net debt to annualized further adjusted EBITDA fell to 4.6 times from 8.6 times, while the company expanded its credit facility and eliminated its only 2026 debt maturity. NHP also advanced plans to sell 86 outpatient medical facilities for approximately $528 million. National Healthcare Properties (NASDAQ:NHP) reported second-quarter results marked by continued growth in its senior housing operating portfolio, an expanded acquisition pipeline and lower leverage following its April initial public offering. Chief Executive Officer Michael Anderson said the company’s strategy remains focused on growing its senior housing operating portfolio, or SHOP, through acquisitions, concentrating capital in senior housing and developing a balance sheet consistent with an investment-grade unsecured issuer. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth The company’s SHOP segment generated 20.1% year-over-year same-store cash net operating income growth during the second quarter. Same-store average occupancy reached 84.1%, up 140 basis points from the second quarter of 2025, while same-store cash NOI margin expanded 230 basis points to 22.4%. Chief Financial Officer Drew Babin said growth was driven by occupancy gains, a 5.9% increase in revenue per occupied room, or RevPOR, and margin improvement. Same-store RevPOR reached $6,390 for the quarter, supported by new leasing activity in addition to annual rate escalators that took effect in January across nearly the entire portfolio. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High The company said occupancy growth was less than anticipated during the quarter, with the shortfall centered in its assisted living segment. Babin said the company supported an operator’s decision to replace certain property-level executive director and sales leadership positions. Anderson later said the changes affected six communities in the R1 portfolio and largely occurred in the middle of the second quarter. Management said those properties led occupancy gains in July after the leadership changes. The operator also added regional sales leadership and a divisional sales leader, according to Anderson. → Ulta's Growth Is Real, But So Are the Risks For the third quarter, the company plans to use targeted, short-term concessions at communities with occupancy generally below 85%. Babin said the incentives may temporarily reduce revenue growth in the months they are offered but are intended to increase occupancy and support longer-term NOI growth. Anderson said the company views a one-month concession as worthwhile if it helps secure a longer resident stay and improves margins. NHP increased its 2026 SHOP same-store cash NOI growth outlook by 2 percentage points at both ends of its prior range. The company now expects growth of 15% to 18%, representing approximately $51.6 million to $52.9 million. Babin said the guidance increase primarily reflected second-quarter results, including outperformance in rate growth and margins. Compensation-related expense growth continued to moderate as the portfolio approached fully staffed levels, while property insurance costs are expected to decline beginning in the third quarter. The company maintained its full-year outlook for its outpatient medical facilities, or OMF, segment. OMF same-store cash NOI decreased 0.4% year over year to $20.2 million in the second quarter, despite a sequential increase in occupancy and a 97% retention rate. Babin attributed the decline to a one-time increase in utility and other non-reimbursable expenses. Full-year OMF same-store cash NOI guidance remained at growth of 2.5% to 3.5%, or $81.2 million to $82 million, excluding expected OMF dispositions. NHP acquired two Midwest senior housing communities totaling 211 units for $98 million in late June. In July, it closed on 17 communities with 1,003 units across the Midwest, South, Mid-Atlantic and Pacific Northwest for approximately $182 million. Thirteen of the July-acquired communities were purchased through a joint venture with Discovery Senior Living in which NHP holds an approximately 98.5% interest. The arrangement also provides NHP with a right of first refusal and purchase option for 13 additional Discovery-managed communities. Year to date, the company has acquired 19 properties with 1,214 units for approximately $280 million. The acquisitions carried a blended first-year yield of 7.9% and a projected third-year yield of 9.7%, according to Anderson. The company also has agreements to acquire three Illinois communities with 178 units for $30 million and two Florida communities with 200 units for $90 million. Both transactions are expected to close in the third quarter, subject to customary conditions and regulatory approvals. On Aug. 4, NHP was named stalking horse bidder for five SHOP communities in a bankruptcy process. The properties have occupancy in the mid- to high-80% range, Anderson said, and the company expects a low- to mid-7% first-year yield and a yield approaching 9% by year three if it completes the acquisition. The transaction remains subject to an auction, though NHP would receive a breakup fee and expense reimbursement exceeding $4.8 million if it does not prevail. The five-property transaction is not included in NHP’s acquisition guidance. The company continues to expect $375 million to $425 million of acquisitions in 2026, with at least half of the consideration for the auctioned portfolio expected to be funded with NHP operating partnership units or REIT shares if acquired. Normalized funds from operations totaled approximately $10.9 million, or $0.18 per share, in the second quarter. NFFO rose in absolute dollars from the prior year due to higher NOI and interest income and lower interest expense, partly offset by higher general and administrative costs. Per-share NFFO declined sequentially and year over year because of the additional shares issued in the April IPO. The company’s net debt-to-annualized further adjusted EBITDA ratio declined to 4.6 times in the second quarter from 8.6 times in the first quarter. NHP also expanded and recast its credit facility to $1.2 billion, including a larger revolver and new term-loan capacity at improved spreads and terms. NHP used the facility to repay approximately $332 million of Fannie Mae loans at par, eliminating its only 2026 debt maturity. Babin said that, after the planned redemption of preferred stock and expected OMF asset sales, leverage including preferred equity is expected to be in the low- to mid-5 times range by year-end. The company’s planned divestiture of 86 outpatient medical facilities for approximately $528 million became binding after the buyer’s due diligence period expired in mid-July. Anderson said a portion is expected to close in the third quarter and another portion likely in early fourth quarter, subject in part to the loan-assumption process. NHP also agreed to sell one non-core California SHOP community for approximately $42 million. Separately, NHP appointed Al Campbell, the former chief financial officer of Mid-America Apartment Communities, as an independent director effective Aug. 10 and said it is seeking another independent director. National Healthcare Properties Inc is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing. National Healthcare Properties Inc is based in NEW YORK. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "National Healthcare Properties Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

SHOP Same Store Cash NOI increased 20.1% on a year-over-year basis  $400 million of 2026 SHOP acquisitions completed or under definitive agreement Secured an additional $650 million of credit facility commitments at improved spreads and terms  Transformed net leverage profile with successful IPO  Appointed Albert M. Campbell to Board of Directors, including its audit committee NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHP) (the “Company”), a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States, today announced results for the quarter ended June 30, 2026. Michael Anderson, Chief Executive Officer and President, commented, “The second quarter marked an important inflection point for the Company as we completed our transition to the public markets. Since then, we have executed decisively on the outlined agenda. We closed 19 acquisitions, delivered solid organic growth across our SHOP portfolio and also made meaningful progress towards building a balance sheet consistent with an investment-grade, unsecured issuer. We are pleased to strengthen our Board with the addition of Al Campbell, reinforcing our commitment to strong governance as we scale. Together, these results reflect disciplined capital allocation which the Company expects will drive sustained value creation for our shareholders.” Financial Performance and Recent Highlights Net loss attributable to common stockholders of $(0.13) per basic and diluted share. Nareit defined Funds From Operations (“FFO”) of $0.19 per diluted share and Normalized Funds From Operations (“Normalized FFO”) of $0.18 per diluted share. Second quarter portfolio Same Store Cash Net Operating Income (“NOI”) growth was 6.8% year-over-year. Senior Housing Operating Portfolio (“SHOP”) Segment: Same Store Cash NOI growth was 20.1% on a year-over-year basis. Same Store average occupancy totaled 84.1%, an increase of 1.4% on a year-over-year basis. Same Store RevPOR increased 5.9% on a year-over-year basis. Same Store Cash NOI Margin of 22.4%, an expansion of 2.3% on a year-over-year basis. Outpatient Medical Facility (“OMF”) Segment: Same Store Cash NOI decreased by (0.4)% on a year-over-year basis. Same Store ending occupancy totaled 94.3%, an increase of 0.2% on a year-over-year basis. Transactional Activity Acquisitions and Pipeline In late June 2026, the Company acquired two SHOP communities located in the Midwest with 211 total units for a purchase price of $98 million. The communities will be managed by Senior Lifestyle Corporation. In early July 2026, the Company acquired 16 SHOP communities comprised of 916 total units and located across several Midwestern, Southern, Mid-Atlantic and Pacific Northwest states for an aggregate purchase price of approximately $166 million. The communities will be managed by the Company's existing operating partners. Thirteen of these communities were acquired through a joint venture with Discovery Senior Living. The Company owns approximately 98.5% of the joint venture and, as part of this transaction, holds a right of first refusal and purchase option on an additional 13 senior living communities managed by Discovery Senior Living. In late July 2026, the Company acquired one SHOP community located in Iowa with 87 total units for a purchase price of approximately $16 million. The community will be managed by one of the Company's existing operating partners. In late June 2026, the Company entered into a definitive purchase and sale agreement to acquire three SHOP communities located in Illinois with 178 total units for a purchase price of approximately $30 million. This transaction is expected to close in the third quarter of 2026, subject to closing conditions and applicable regulatory approvals as specified in the purchase and sale agreement. In July 2026, the Company entered into a definitive purchase and sale agreement to acquire two SHOP communities located in Florida with 200 total units for a purchase price of $90 million. The transaction is expected to close in the third quarter of 2026, subject to closing conditions and applicable regulatory approvals as specified in the purchase and sale agreement. Non-Core SHOP Disposition In May 2026, the Company entered into a definitive purchase and sale agreement to sell one non-core SHOP community in California for approximately $42 million, equating to a 1.7% trailing twelve-month yield. Balance Sheet and Capital As of June 30, 2026, total debt outstanding (net of discounts and unamortized debt issuance costs) was approximately $0.8 billion with a weighted average economic interest rate of 5.69% (when giving effect to interest rate hedges and caps) and an average remaining term of 3.6 years. Net Leverage (Net Debt as of June 30, 2026 to Annualized Adjusted EBITDA for the quarter ended June 30, 2026) improved 4.3x to 4.9x as of June 30, 2026 from 9.2x as of June 30, 2025. In April 2026, the Company repaid in full the $186 million of indebtedness under its revolving facility with proceeds from its initial public offering. In August 2026, the Company recast its senior unsecured credit facilities, which provide for, among other things, (i) an increase in total lender commitments from $550 million to $1.2 billion, with the revolving facility increasing from $400 million to $750 million, the term loan increasing from $150 million to $300 million and a new $150 million delayed draw term loan facility being added, (ii) an extension of the maturity of the revolving facility and the term loan (including the delayed draw term loan) to August 2030 and August 2029, respectively, and (iii) a reduction in the applicable pricing for interest rates based on the Company's corporate leverage ratio. In connection with the credit facilities recast, the Company repaid the $332 million outstanding under its Fannie Mae secured debt due to mature in November 2026. Common and Preferred Stock Common Stock In April 2026, the Company completed its public offering (the “Offering”) and issued an aggregate of 44.3 million shares of Class A common stock, $0.01 par value per share (“Class A common stock”), for aggregate gross offering proceeds of approximately $531.3 million. In connection with the Offering, the Class A common stock became listed on The Nasdaq Global Market (“Nasdaq”) under the symbol “NHP” and began trading on April 22, 2026. On July 1, 2026, the Board of Directors declared a quarterly dividend of $0.075 per share of its common stock (including its Class A Common Stock). The dividend was paid in cash on July 30, 2026 to holders of record as of the close of business on July 15, 2026. Preferred Stock On June 22, 2026, the Board of Directors declared dividends on the Company's outstanding preferred stock as follows: A dividend of $0.4609375 per share on its 7.375% Series A Preferred Stock to holders of record at the close of business on July 2, 2026. The dividend was paid on July 15, 2026. A dividend of $0.4453125 per share on its 7.125% Series B Preferred Stock to holders of record at the close of business on July 2, 2026. The dividend was paid on July 15, 2026. During the three months ended June 30, 2026, the Company completed its tender offer of previously outstanding preferred stock with an aggregate liquidation preference of approximately $28.1 million at a weighted average yield of 8.1%, representing a $2.50 discount to the liquidation preference of $25.00 per share and resulting in dividend savings of $2.0 million annually. Appointment of Albert M. Campbell to the Board of Directors On August 4, 2026, the Board of Directors elected Albert M. Campbell to serve as a member of the Board and its audit committee, effective August 10, 2026. Mr. Campbell is a seasoned financial executive with a 35-year career spanning various financial and accounting leadership roles. From 1998 to 2024, he worked with Mid-America Apartment Communities, Inc. (NYSE: MAA), a large publicly traded multifamily REIT, where Mr. Campbell held various financial positions, including Treasurer and Director of Financial Planning, before becoming Executive Vice President and Chief Financial Officer in January 2010. As Chief Financial Officer, he had responsibilities in the areas of corporate finance, treasury, investor relations, accounting, information technology, and strategic planning. He led key areas of company growth, including balance sheet restructuring, corporate mergers, systems integrations, and team building. Mr. Campbell began his career as a Certified Public Accountant with Arthur Andersen & Company before serving in various finance and accounting roles with Thomas & Betts Corporation, a former publicly held electrical parts manufacturer and distributor. He currently serves on the Board of Directors and Strategy Committee of Orgill, Inc., a large privately held distributor of hardware products, as well as on the Advisory Board of Middleburg, a large privately held developer of multifamily communities. He is a Certified Public Accountant (inactive status) and graduated magna cum laude with a Bachelor of Professional Accountancy from Mississippi State University. Revised Full Year 2026 Guidance For the full year 2026, the Company is revising certain guidance ranges as follows: Full Year 2026 Guidance Commentary The revision in the Company’s guidance is primarily the result of SHOP segment outperformance through the current quarter as well as expectations for the remainder of the year, the expected disposition of a non-core SHOP asset, and an anticipated increase in equity-based compensation related to ongoing refreshment of our Board of Directors. Note: The Company’s 2026 guidance contains forward-looking statements and is based on a number of assumptions and estimates, including those identified later in this press release. These assumptions and estimates are based on existing market conditions, transaction timing and other assumptions for the year ending December 31, 2026; actual results may differ materially. Supplemental Information Additional information regarding these results can be found in the Company’s supplemental financial package that will be available on the Investor Relations section of the Company’s website at nhpreit.com. About National Healthcare Properties National Healthcare Properties, Inc. (Nasdaq: NHP) is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States. Additional information about the Company can be found on its website at nhpreit.com. Investor & Media Contact Email: [email protected] Forward-Looking Statements This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical fact) in this press release regarding the Company's prospects, expectations, intentions, plans, financial position, guidance and business strategy may constitute forward-looking statements. Forward-looking statements generally can be identified by the use of terminology such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may,” “should,” “predict,” “project,” “potential,” “continue” or the negatives of these terms or variations of them or similar expressions. Risks and uncertainties, the occurrence of which could adversely affect the Company's business and cause actual results to differ materially from those expressed or implied in the forward-looking statements, include, but are not limited to, the following: changes in economic cycles generally and in the real estate and healthcare markets specifically; the success of the Company's growth strategy, including its ability to successfully identify, complete and integrate new acquisitions; the Company’s ability to complete acquisitions or dispositions on the terms and timing the Company expects, or at all; changes to inflation and interest rates; competition in the real estate and healthcare markets; the Company's ability to retain certain key personnel; legislative and regulatory changes in the healthcare and real estate industries; reductions or changes in reimbursement from third-party payors, including Medicare and Medicaid; discovery of previously undetected environmentally hazardous conditions; the Company's ability to pay down, refinance, restructure or extend its indebtedness as it becomes due; system failures, cyber incidents or deficiencies in the Company's cybersecurity systems; the availability of capital on favorable terms, or at all; the Company's ability to remain qualified as a real estate investment trust for U.S. federal income tax purposes; and other risks and uncertainties described in the section titled Risk Factors of the Company's most recent Annual Report on Form 10-K and all other filings with the Securities and Exchange Commission. Finally, the Company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements. Financial Statements and Definitions This press release includes certain non-GAAP financial measures, including Nareit FFO, Normalized FFO, Net Debt, EBITDA, Adjusted EBITDA, NOI, Cash NOI and Same Store Cash NOI. While the Company believes that non-GAAP financial measures are helpful in evaluating its operating performance, the use of non-GAAP financial measures in this press release should not be considered in isolation from, or as an alternative for, a measure of financial or operating performance as defined by GAAP. There are inherent limitations associated with the use of each of these supplemental non-GAAP financial measures as an analytical tool. Additionally, the Company’s computation of non-GAAP financial measures may not be comparable to those reported by other REITs. Definitions of these non-GAAP financial measures and reconciliations to their most directly comparable GAAP measures are provided below. Nareit FFO​ and Normalized FFO The Company calculates FFO consistent with the standards established over time by Nareit. Nareit defines FFO as net income or loss (computed in accordance with GAAP), adjusted for (i) real estate-related depreciation and amortization, (ii) impairment charges on depreciable real property, (iii) gains or losses from sales of depreciable real property and (iv) similar adjustments for non-controlling interests and unconsolidated entities. The Company calculates Normalized FFO by further adjusting FFO to reflect the performance of its portfolio for items it believes are not directly attributable to its operations. The Company's adjustments to FFO to arrive at Normalized FFO include removing the impacts of (i) acquisition and transaction related costs; (ii) termination fees to related parties; (iii) severance and other related costs; (iv) mark-to-market gains and losses on non-designated derivatives and amortization related to terminated derivatives; (v) casualty-related charges, net relating to significantly disruptive events that are infrequent in nature; (vi) gains and losses on extinguishment of debt; (vii) similar adjustments for non-controlling interests; and (viii) certain other items set forth in the Normalized FFO reconciliation included therein. The Company considers FFO and Normalized FFO to be useful supplemental measures for reviewing comparative operating and financial performance because, by excluding the applicable items listed above, FFO and Normalized FFO can help investors compare the Company's operating performance between periods or to other companies (though other companies may calculate these measures differently than the Company does and the value of any such comparison may be limited). While FFO and Normalized FFO are relevant and widely used measures of operating performance of REITs, they do not represent, nor are they meant to replace, cash flows from operations and net income or loss as defined by GAAP, and should not be considered alternatives to those measures in evaluating the Company's liquidity or operating performance. Rather, FFO and Normalized FFO should be reviewed in conjunction with these and other GAAP measurements as an indication of the Company's operational performance and are not necessarily indicative of cash available to fund the Company's future cash requirements, including the Company's ability to pay dividends and other distributions to the Company's stockholders. Additionally, the Company's computation of FFO and Normalized FFO may not be comparable to FFO and Normalized FFO reported by other REITs that do not define FFO in accordance with the current National Association of Real Estate Investment Trusts (“NAREIT”) definition or that interpret the current NAREIT definition or define Normalized FFO differently than the Company does. Adjusted EBITDAThe Company defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, excluding (i) acquisition and transaction related costs; (ii) termination fees to related parties; (iii) impairment charges; (iv) casualty-related charges; (v) gains and losses on sale of real estate investments; (vi) gains and losses on extinguishment of debt; (vii) gains and losses on our derivatives; and (viii) non-cash items such as amortization of intangibles and equity-based compensation. Annualized Adjusted EBITDA means Adjusted EBITDA for the specified quarter, multiplied by four. Cash NOI and NOICash NOI is defined as NOI excluding non-cash items such as straight-line rent adjustments and amortization of above and below market lease and lease intangibles that are included in GAAP revenue from tenants and property operating and maintenance. Cash NOI Margin​For the SHOP segment, Cash NOI divided by revenue from tenants or residents excluding net amortization of above- and below-market lease and lease intangibles. Net Debt​Net debt means total debt, net of deferred financing costs, mortgage discounts and premiums less cash and cash equivalents. Net Debt to Annualized Adjusted EBITDA or Net Leverage​Net Debt to Annualized Adjusted EBITDA or Net Leverage means Net Debt divided by Annualized Adjusted EBITDA. Non-Core Properties​Non-Core properties are assets that have been deemed not essential to generating future economic benefit or value to our day-to-day operations and/or are scheduled to be sold with closing conditions substantially fulfilled. Leased % or Ending occupancyLeased % or Ending occupancy for the OMF segment is presented as of the end of the period shown. Recurring Capital ExpendituresRecurring Capital Expenditures means capital expenditures incurred to maintain the properties in current market condition and which are generally recurring in nature. Same Store​Same Store means operational properties owned by the Company for the full duration of the applicable comparative periods and that are not otherwise excluded. Properties are excluded from “same store” if they are (i) Non-Core Properties, (ii) sold, classified as held for sale, or classified as discontinued operations in accordance with GAAP, (iii) impacted by materially disruptive events, or (iv) undergoing, or intended to undergo, significant redevelopment. Redeveloped properties in our OMF segment will be included in Same Store once substantial completion of work has occurred for the full period in the periods presented. Same Store Cash NOISame Store Cash NOI is defined as Cash NOI for our Same Store properties. (1) Potential common shares are not included in the computation of diluted earnings per share (“EPS”) when a net loss exists as the effect would be an antidilutive per share amount. (1) Certain 2025 amounts have been reclassified from general and administrative to property operating and maintenance to align with the current period presentation. (1) For Q2 2026, includes $1.5 million of amortization reclassified from OCI to earnings (reduced interest expense) from a swap termination.

NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHP / NHPAP / NHPBP) (the “Company”) announced today that its Board of Directors declared a quarterly dividend of $0.075 per share of its common stock (including its Class A Common Stock). The dividend will be payable in cash on July 30, 2026 to holders of record at the close of business on July 15, 2026. About National Healthcare Properties, Inc. National Healthcare Properties, Inc. (Nasdaq: NHP / NHPAP / NHPBP) is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States. Additional information about the Company can be found on its website at nhpreit.com. Forward-Looking Statements This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical fact) in this press release regarding the Company's prospects, expectations, intentions, plans, financial position and business strategy may constitute forward-looking statements. Forward-looking statements generally can be identified by the use of terminology such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may,” “should,” “predict,” “project,” “potential,” “continue” or the negatives of these terms or variations of them or similar expressions. Risks and uncertainties, the occurrence of which could adversely affect the Company’s business and cause actual results to differ materially from those expressed or implied in the forward-looking statements, include, but are not limited to, the following: changes in economic cycles generally and in the real estate and healthcare markets specifically; the success of the Company's growth strategy, including its ability to successfully identify, complete and integrate new acquisitions; the Company’s ability to complete acquisitions or dispositions on the terms and timing the Company expects, or at all; changes to inflation and interest rates; competition in the real estate and healthcare markets; the Company's ability to retain certain key personnel; legislative and regulatory changes in the healthcare and real estate industries; reductions or changes in reimbursement from third-party payors, including Medicare and Medicaid; discovery of previously undetected environmentally hazardous conditions; the Company's ability to pay down, refinance, restructure or extend its indebtedness as it becomes due; system failures, cyber incidents or deficiencies in the Company's cybersecurity systems; the availability of capital on favorable terms, or at all; the Company's ability to remain qualified as a real estate investment trust for U.S. federal income tax purposes; and other risks and uncertainties described in the section titled Risk Factors of the Company's most recent Annual Report on Form 10-K and all other filings with the Securities and Exchange Commission. Finally, the Company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements. Contacts Investors and Media: Email: [email protected]

NEW YORK, June 22, 2026 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHP / NHPAP / NHPBP) (the “Company”), a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States, today announced the final results of its concurrent but separate offers to purchase up to a maximum aggregate purchase price in cash of $100 million of (i) its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share (the “Series A Shares”), and (ii) its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share (the “Series B Shares,” and together with the Series A Shares, the “Shares”), in each case for a purchase price of $22.50 per share in cash (collectively, the “Offers”), each less any applicable withholding taxes and without interest. The Offers each expired at 5:00 p.m., New York City time, on June 16, 2026 (the “Expiration Date”). Based on the final count by Computershare Inc. (“Computershare”), the depositary for the Offers, 556,454 Series A Shares and 566,229 Series B Shares were properly tendered and not properly withdrawn as of the expiration of the Offers. In accordance with the terms and conditions of the Offers, the Company accepted for purchase all such 556,454 Series A Shares and 566,229 Series B Shares for an aggregate purchase price of approximately $25.3 million, excluding fees and expenses relating to the Offers. The shares purchased represent approximately 14.5% of the Company’s issued and outstanding Series A Shares and 16.6% of the Company’s issued and outstanding Series B Shares as of June 17, 2026. The Company will promptly pay for the Shares accepted for purchase in cash, less any applicable withholding taxes and without interest. The Company may purchase additional Series A Shares or Series B Shares in the future, including, without limitation, under its publicly announced preferred stock repurchase program. The amount and timing of any such purchases will depend on a number of factors, including the availability of cash and/or financing on acceptable terms, the amount and timing of dividend payments, if any, and periods in which the Company is restricted from repurchasing Series A Shares or Series B Shares, as well as any decision to use cash for other strategic objectives. Under applicable law, the Company may not repurchase any additional Series A Shares or Series B Shares until at least ten business days after the expiration of the Offers, subject to certain limited exceptions provided under applicable securities laws. For all questions relating to the Offers, please call the information agent, Georgeson LLC, toll-free at (866) 831-9374. About National Healthcare Properties National Healthcare Properties, Inc. (Nasdaq: NHP) is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States. Additional information about the Company can be found on its website at nhpreit.com. Investor & Media Contact Email: [email protected] Cautionary Statement Regarding Forward-Looking Statements This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements include the Company’s ability to complete the Offers on the terms and timing described herein, or at all. There can be no assurance that the Company will complete the Offers. Forward-looking statements generally can be identified by the use of terminology such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may,” “should,” “predict,” “project,” “potential,” “continue” or the negatives of these terms or variations of them or similar expressions. Risks and uncertainties, the occurrence of which could adversely affect the Company’s business and cause actual results to differ materially from those expressed or implied in the forward-looking statements, include, but are not limited to, the following: the trading prices of the Series A Shares and Series B Shares; changes in economic cycles generally and in the real estate and healthcare markets specifically; the success of the Company’s growth strategy, including its ability to successfully identify, complete and integrate new acquisitions; the Company’s ability to complete acquisitions or dispositions on the terms and timing the Company expects, or at all; changes to inflation and interest rates; competition in the real estate and healthcare markets; the Company’s ability to retain certain key personnel; legislative and regulatory changes in the healthcare and real estate industries; reductions or changes in reimbursement from third-party payors, including Medicare and Medicaid; discovery of previously undetected environmentally hazardous conditions; the Company’s ability to pay down, refinance, restructure or extend its indebtedness as it becomes due; system failures, cyber incidents or deficiencies in the Company’s cybersecurity systems; the availability of capital on favorable terms, or at all; the Company’s ability to remain qualified as a real estate investment trust for U.S. federal income tax purposes; and other risks and uncertainties described in the section titled Risk Factors of the Company’s most recent Annual Report on Form 10-K and all other filings with the Securities and Exchange Commission. Finally, the Company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.

NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHP / NHPAP / NHPBP) (the “Company”), a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States, today announced the preliminary results of its concurrent but separate offers to purchase up to a maximum aggregate purchase price in cash of $100 million of (i) its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share (the “Series A Shares”), and (ii) its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share (the “Series B Shares,” and together with the Series A Shares, the “Shares”), in each case for a purchase price of $22.50 per share in cash (collectively, the “Offers”), each less any applicable withholding taxes and without interest. The Offers each expired at 5:00 p.m., New York City time, on June 16, 2026 (the “Expiration Date”). Based on the preliminary count by Computershare Inc. (“Computershare”), the depositary for the Offers, approximately 556,049 Series A Shares and 566,229 Series B Shares were properly tendered and not properly withdrawn as of the expiration of the Offers. In accordance with the terms and conditions of the Offers, the Company expects to purchase approximately 556,049 Series A Shares and 566,229 Series B Shares, for an aggregate purchase price of approximately $25.25 million. The determination of the final number of Shares to be purchased is subject to confirmation by Computershare of the proper delivery of the Shares validly tendered and not withdrawn. The number of Shares to be purchased in the Offers is preliminary and subject to change for a number of reasons. The preliminary information contained in this press release, including the number of Shares to be purchased is subject to verification by Computershare, and assumes that all Shares tendered through notice of guaranteed delivery will be delivered within two trading days of the Expiration Date. The actual number of Shares to be purchased will be announced following the expiration of the guaranteed delivery period and completion of the confirmation process by Computershare. Promptly after the announcement of the final results of the Offers, Computershare will issue payment in cash, less any applicable withholding taxes and without interest, for the Shares validly tendered and accepted for payment under the Offers and will return Shares tendered and not purchased in the Offers. The Company may purchase additional Series A Shares or Series B Shares in the future, including, without limitation, under its publicly announced preferred stock repurchase program. The amount and timing of any such purchases will depend on a number of factors, including the availability of cash and/or financing on acceptable terms, the amount and timing of dividend payments, if any, and periods in which the Company is restricted from repurchasing Series A Shares or Series B Shares, as well as any decision to use cash for other strategic objectives. Under applicable law, the Company may not repurchase any additional Series A Shares or Series B Shares until at least ten business days after the expiration of the Offers, subject to certain limited exceptions provided under applicable securities laws. For all questions relating to the Offers, please call the information agent, Georgeson LLC, toll-free at (866) 831-9374. About National Healthcare Properties National Healthcare Properties, Inc. (Nasdaq: NHP) is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States. Additional information about the Company can be found on its website at nhpreit.com. Investor & Media Contact Email: [email protected] Cautionary Statement Regarding Forward-Looking Statements This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements include the Company’s ability to complete the Offers on the terms and timing described herein, or at all. There can be no assurance that the Company will complete the Offers. Forward-looking statements generally can be identified by the use of terminology such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may,” “should,” “predict,” “project,” “potential,” “continue” or the negatives of these terms or variations of them or similar expressions. Risks and uncertainties, the occurrence of which could adversely affect the Company’s business and cause actual results to differ materially from those expressed or implied in the forward-looking statements, include, but are not limited to, the following: the trading prices of the Series A Shares and Series B Shares; changes in economic cycles generally and in the real estate and healthcare markets specifically; the success of the Company’s growth strategy, including its ability to successfully identify, complete and integrate new acquisitions; the Company’s ability to complete acquisitions or dispositions on the terms and timing the Company expects, or at all; changes to inflation and interest rates; competition in the real estate and healthcare markets; the Company’s ability to retain certain key personnel; legislative and regulatory changes in the healthcare and real estate industries; reductions or changes in reimbursement from third-party payors, including Medicare and Medicaid; discovery of previously undetected environmentally hazardous conditions; the Company’s ability to pay down, refinance, restructure or extend its indebtedness as it becomes due; system failures, cyber incidents or deficiencies in the Company’s cybersecurity systems; the availability of capital on favorable terms, or at all; the Company’s ability to remain qualified as a real estate investment trust for U.S. federal income tax purposes; and other risks and uncertainties described in the section titled Risk Factors of the Company’s most recent Annual Report on Form 10-K and all other filings with the Securities and Exchange Commission. Finally, the Company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.

NEW YORK, May 13, 2026 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHP) (the “Company”), a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States, today announced results for the quarter ended March 31, 2026. Michael Anderson, Chief Executive Officer and President, commented, “Our IPO marks the culmination of years of work to position this Company for growth and is just the beginning of what comes next. We are highly confident in our ability to create shareholder value by executing on significant OMF dispositions and SHOP acquisitions in 2026, decisively orienting our portfolio toward the generational opportunity we see in needs-based, private-pay senior housing, and pursuing an investment grade balance sheet.” Financial Performance and Other Highlights Net loss attributable to common stockholders of $(0.27) per basic and diluted share. Nareit defined Funds From Operations (“FFO”) of $0.31 per diluted share and Normalized Funds From Operations (“Normalized FFO”) of $0.26 per diluted share. FFO per share increased 121.4% year-over-year. Normalized FFO per share increased 100.0% year-over-year. First quarter portfolio Same Store Cash Net Operating Income (“NOI”) growth was 12.0% year-over-year. Senior Housing Operating Property (“SHOP”) Segment SHOP segment Same Store Cash NOI growth was 24.0% on a year-over-year basis. Same Store average occupancy totaled 83.8%, an increase of 2.8% on a year-over-year basis. Same Store revenue increased 8.4% on a year-over-year basis. Same Store Cash NOI Margin totaled 22.1%, an expansion of 2.7% on a year-over-year basis. Outpatient Medical Facility (“OMF”) Segment OMF segment Same Store Cash NOI growth was 5.5% on a year-over-year basis. Same Store ending occupancy totaled 94.0%, an increase of 0.5% on a year-over-year basis. Transactional Activity During the first quarter of 2026, through a joint venture with Discovery Senior Living, the Company entered into a definitive purchase and sale agreement to purchase 13 senior living communities for $64.0 million. The Company expects to own approximately 98.5% of the joint venture. As part of this transaction, the Company will hold a right of first refusal and purchase option on an additional 13 senior living communities managed by Discovery Senior Living. Closing of the acquisition is subject to closing conditions and applicable regulatory approvals as specified in the purchase and sale agreement. In April 2026, the Company entered into a definitive purchase and sale agreement to acquire a $26.5 million SHOP in Oregon with 88 assisted living units. This transaction is expected to close in the second or third quarter of 2026, subject to closing conditions and applicable regulatory approvals as specified in the purchase and sale agreement. In May 2026, the Company entered into a definitive purchase and sale agreement to acquire a $35.0 million SHOP in Florida with 108 assisted living and 22 memory care units. This transaction is expected to close in the third quarter of 2026, subject to closing conditions and applicable regulatory approvals as specified in the purchase and sale agreement. In May 2026, the Company entered into a definitive purchase and sale agreement to sell a portfolio of 86 outpatient medical facilities for approximately $528.2 million, including approximately $278.0 million of secured debt to be defeased or assumed by the potential purchaser. Closing of the sale is subject to completion by the purchaser of its due diligence, approval by the lenders of loan assumption and other customary closing conditions as specified in the purchase and sale agreement. Balance Sheet and Capital As of March 31, 2026, total debt outstanding (net of discounts and unamortized debt issuance costs) was approximately $1.0 billion with a weighted average economic interest rate of 5.69% (when giving effect to interest rate hedges and caps) and an average remaining term of 3.6 years. Net Leverage (Net Debt as of March 31, 2026 to Annualized Adjusted EBITDA for the quarter ended March 31, 2026) improved 1.0x from 9.6x as of March 31, 2025 to 8.6x as of March 31, 2026. Subsequent to quarter end, the Company completed a public offering of 44,275,000 shares of its Class A common stock, raising gross proceeds of $531.3 million, and listed its Class A common stock on the NASDAQ under the symbol “NHP”. Net offering proceeds were used to repay $186.0 million of outstanding debt on the Company's revolving credit facility. This reduction in outstanding debt further improved the Company’s leverage. Preferred Stock On March 26, 2026, the Board of Directors declared dividends on the Company's outstanding preferred stock as follows: A dividend of $0.4609375 per share on its 7.375% Series A Preferred Stock to holders of record at the close of business on April 6, 2026. The dividend was paid on April 15, 2026. A dividend of $0.4453125 per share on its 7.125% Series B Preferred Stock to holders of record at the close of business on April 6, 2026. The dividend was paid on April 15, 2026. Full Year 2026 Guidance For the full year 2026, the Company has established the following guidance ranges: SHOP Same Store Cash NOI growth of 13.0% to 16.0% OMF Same Store Cash NOI growth of 2.5% to 3.5% Acquisitions of approximately $375 million to $425 million Dispositions of approximately $528 million General and administrative expense of approximately $26 million to $27 million, including equity-based compensation of $5 million to $6 million Same Store Recurring Capital Expenditures of $22 million to $25 million Note: The Company’s 2026 guidance contains forward-looking statements and is based on a number of assumptions and estimates, including those identified later in this press release. These assumptions and estimates are based on existing market conditions, transaction timing and other assumptions for the year ending December 31, 2026; actual results may differ materially. Supplemental Information Additional information regarding these results can be found in the Company’s supplemental financial package that will be available on the Investor Relations section of the Company’s website at nhpreit.com. About National Healthcare Properties National Healthcare Properties, Inc. (Nasdaq: NHP) is a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States. Additional information about the Company can be found on its website at nhpreit.com. Investor & Media Contact Email: [email protected] Forward-Looking Statements This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical fact) in this press release regarding the Company's prospects, expectations, intentions, plans, financial position, guidance and business strategy may constitute forward-looking statements. Forward-looking statements generally can be identified by the use of terminology such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may,” “should,” “predict,” “project,” “potential,” “continue” or the negatives of these terms or variations of them or similar expressions. Risks and uncertainties, the occurrence of which could adversely affect the Company's business and cause actual results to differ materially from those expressed or implied in the forward-looking statements, include, but are not limited to, the following: changes in economic cycles generally and in the real estate and healthcare markets specifically; the success of the Company's growth strategy, including its ability to successfully identify, complete and integrate new acquisitions; the Company’s ability to complete acquisitions or dispositions on the terms and timing the Company expects, or at all; changes to inflation and interest rates; competition in the real estate and healthcare markets; the Company's ability to retain certain key personnel; legislative and regulatory changes in the healthcare and real estate industries; reductions or changes in reimbursement from third-party payors, including Medicare and Medicaid; discovery of previously undetected environmentally hazardous conditions; the Company's ability to pay down, refinance, restructure or extend its indebtedness as it becomes due; system failures, cyber incidents or deficiencies in the Company's cybersecurity systems; the availability of capital on favorable terms, or at all; the Company's ability to remain qualified as a real estate investment trust for U.S. federal income tax purposes; and other risks and uncertainties described in the section titled Risk Factors of the Company's most recent Annual Report on Form 10-K and all other filings with the Securities and Exchange Commission. Finally, the Company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements. Financial Statements and Definitions This press release includes certain non-GAAP financial measures, including Nareit FFO, Normalized FFO, Net Debt, EBITDA, Adjusted EBITDA, NOI, Cash NOI and Same Store Cash NOI. While the Company believes that non-GAAP financial measures are helpful in evaluating its operating performance, the use of non-GAAP financial measures in this press release should not be considered in isolation from, or as an alternative for, a measure of financial or operating performance as defined by GAAP. There are inherent limitations associated with the use of each of these supplemental non-GAAP financial measures as an analytical tool. Additionally, the Company’s computation of non-GAAP financial measures may not be comparable to those reported by other REITs. Definitions of these non-GAAP financial measures and reconciliations to their most directly comparable GAAP measures are provided below. Nareit FFO and Normalized FFO The Company calculates FFO consistent with the standards established over time by Nareit. Nareit defines FFO as net income or loss (computed in accordance with GAAP), adjusted for (i) real estate-related depreciation and amortization, (ii) impairment charges on depreciable real property, (iii) gains or losses from sales of depreciable real property and (iv) similar adjustments for non-controlling interests and unconsolidated entities. The Company calculates Normalized FFO by further adjusting FFO to reflect the performance of its portfolio for items it believes are not directly attributable to its operations. The Company's adjustments to FFO to arrive at Normalized FFO include removing the impacts of (i) acquisition and transaction related costs (including certain expenses directly related to the Internalization and the Reverse Stock-Split); (ii) termination fees to related parties; (iii) severance and other related costs; (iv) mark-to-market gains and losses on non-designated derivatives and amortization related to terminated derivatives; (v) casualty-related charges, net relating to significantly disruptive events that are infrequent in nature; (vi) gains and losses on extinguishment of debt; (vii) similar adjustments for non-controlling interests; and (viii) certain other items set forth in the Normalized FFO reconciliation included therein. The Company considers FFO and Normalized FFO to be useful supplemental measures for reviewing comparative operating and financial performance because, by excluding the applicable items listed above, FFO and Normalized FFO can help investors compare the Company's operating performance between periods or to other companies (though other companies may calculate these measures differently than the Company does and the value of any such comparison may be limited). While FFO and Normalized FFO are relevant and widely used measures of operating performance of REITs, they do not represent, nor are they meant to replace, cash flows from operations and net income or loss as defined by GAAP, and should not be considered alternatives to those measures in evaluating the Company's liquidity or operating performance. Rather, FFO and Normalized FFO should be reviewed in conjunction with these and other GAAP measurements as an indication of the Company's operational performance and are not necessarily indicative of cash available to fund the Company's future cash requirements, including the Company's ability to pay dividends and other distributions to the Company's stockholders. Additionally, the Company's computation of FFO and Normalized FFO may not be comparable to FFO and Normalized FFO reported by other REITs that do not define FFO in accordance with the current National Association of Real Estate Investment Trusts (“NAREIT”) definition or that interpret the current NAREIT definition or define Normalized FFO differently than the Company does. Adjusted EBITDA The Company defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, excluding (i) acquisition and transaction related costs; (ii) termination fees to related parties; (iii) impairment charges; (iv) casualty-related charges; (v) gains and losses on sale of real estate investments; (vi) gains and losses on extinguishment of debt; (vii) gains and losses on our derivatives; and (viii) non-cash items such as amortization of intangibles and equity-based compensation. Annualized Adjusted EBITDA means Adjusted EBITDA for the specified quarter, multiplied by four. Cash NOI and NOI Cash NOI is defined as NOI excluding non-cash items such as straight-line rent adjustments and amortization of above and below market lease and lease intangibles that are included in GAAP revenue from tenants and property operating and maintenance. Cash NOI Margin For the SHOP segment, Cash NOI divided by revenue from tenants or residents excluding net amortization of above- and below-market lease and lease intangibles. Net Debt Net debt means total debt, net of deferred financing costs, mortgage discounts and premiums less cash and cash equivalents. Net Debt to Annualized Adjusted EBITDA or Net Leverage Net Debt to Annualized Adjusted EBITDA or Net Leverage means Net Debt divided by Annualized Adjusted EBITDA. Non-Core Properties Non-Core properties are assets that have been deemed not essential to generating future economic benefit or value to our day-to-day operations and/or are scheduled to be sold. Leased % or Ending occupancy Leased % or Ending occupancy for the OMF segment is presented as of the end of the period shown. Recurring Capital Expenditures Recurring Capital Expenditures means capital expenditures incurred to maintain the properties in current market condition and which are generally recurring in nature. Same Store Same Store means operational properties owned by the Company for the full duration of the applicable comparative periods and that are not otherwise excluded. Properties are excluded from “same store” if they are (i) Non-Core Properties, (ii) sold, classified as held for sale, or classified as discontinued operations in accordance with GAAP, (iii) impacted by materially disruptive events, or (iv) undergoing, or intended to undergo, significant redevelopment. Redeveloped properties in our OMF segment will be included in Same Store once substantial completion of work has occurred for the full period in the periods presented. Same Store Cash NOI Same Store Cash NOI is defined as Cash NOI for our Same Store properties.