National Healthcare Properties, Inc. (NHPAP) Form 8-K — Aug 5, 2026

$NHPAPForm 8-KItems 1.01, 2.02, 2.03, 5.02, 8.01, 9.01Filed Aug 5, 2026, 5:25 PM ET0001561032-26-000052Original filing

National Healthcare Properties entered into an amended and restated $1.2 billion unsecured credit agreement with Wells Fargo Bank as administrative agent on August 3, 2026, more than doubling total commitments from $550 million via a $750 million revolver, a $300 million term loan, and a new $150 million delayed draw term loan, with tighter SOFR spreads; it also repaid $332 million of Fannie Mae secured debt in connection with the recast. Second quarter 2026 results showed a net loss attributable to common stockholders of $(0.13) per share, Nareit FFO of $0.19 per diluted share, and SHOP same store cash NOI growth of 20.1% year-over-year.

Key figures

Revenue: 87530000
Guidance: FY2026 SHOP Same Store Cash NOI growth raised to 15.0%-18.0% (from 13.0%-16.0%); dispositions raised to $570 million (from $528 million); acquisitions unchanged at $375-$425 million; G&A $27-$28 million; equity-based compensation $6-$7 million
Total Debt: approximately $0.8 billion
Debt Amount: 1200000000
Total Assets: 1976269000
Cash Position: 245695000
Interest Rate: SOFR + 1.05%-1.55% (revolving) and 1.10%-1.80% (term) pre-investment-grade election; facility fee 0.15%-0.35%; weighted average economic rate on existing debt 5.69%
Maturity Date: Revolving Facility: August 3, 2030; Term Loan and Delayed Draw Term Loan: August 3, 2029
Net leverage: 4.9x as of June 30, 2026 vs 9.2x as of June 30, 2025
Ffo per share: 0.19
Preferred tender: $28.1 million liquidation preference at 8.1% weighted average yield, $2.0 million annual dividend savings
Revolver capacity: $750 million (up from $400 million)
Accordion capacity: $1.0 billion (up from $450 million)
Ipo gross proceeds: $531.3 million (44.3 million Class A shares, April 2026)
Term loan capacity: $300 million (up from $150 million)
Delayed draw term loan: $150 million (new)
Fannie mae debt repaid: $332 million
Normalized ffo per share: 0.18
Omf same store occupancy: 94.3%
Normalized ffo yoy change: -18.2%
Quarterly common dividend: $0.075 per share
Shop same store occupancy: 84.1% (+1.4% YoY)
Series a preferred redemption: 3,289,061 shares at $25.32 per share, redemption date September 4, 2026
Series b preferred redemption: 2,850,427 shares at $25.47 per share, redemption date October 6, 2026
Omf same store cash noi growth: -0.4%
Net loss attributable to common: -$8.14 million
Shop same store cash noi growth: 20.1%
Shop same store cash noi margin: 22.4% (+2.3% YoY)
Total portfolio same store cash noi growth: 6.8%

Price after filing

1 day: 0.0%7 days: +3.7%30 days: +2.7%

Close on the filing date to close N calendar days later (from $15.57). Historical, not a forecast.

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