National Healthcare Properties, Inc.
National Healthcare Properties, Inc. is a real estate investment trust for U.S. federal income tax purposes. The Company acquires, owns and manages a diversified portfolio of healthcare-related real estate, focused on outpatient medical facilities and senior housing operating properties. As of September 30, 2025, the Company owned 174 properties (including one land parcel and one property classif… Read more
National Healthcare Properties, Inc. (NHPAP) - Net Assets
Latest net assets as of December 2025: $604.52 Million USD
Based on the latest financial reports, National Healthcare Properties, Inc. (NHPAP) has net assets worth $604.52 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.71 Billion) and total liabilities ($1.11 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $604.52 Million |
| % of Total Assets | 35.32% |
| Annual Growth Rate | -9.13% |
| 5-Year Change | -41.89% |
| 10-Year Change | -59.81% |
| Growth Volatility | 7.21 |
National Healthcare Properties, Inc. - Net Assets Trend (2014–2025)
This chart illustrates how National Healthcare Properties, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Healthcare Properties, Inc. (2014–2025)
The table below shows the annual net assets of National Healthcare Properties, Inc. from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $604.52 Million | -12.40% |
| 2024-12-31 | $690.12 Million | -23.37% |
| 2023-12-31 | $900.58 Million | -9.87% |
| 2022-12-31 | $999.19 Million | -3.96% |
| 2021-12-31 | $1.04 Billion | +8.22% |
| 2020-12-31 | $961.37 Million | -13.14% |
| 2019-12-31 | $1.11 Billion | -10.81% |
| 2018-12-31 | $1.24 Billion | -8.49% |
| 2017-12-31 | $1.36 Billion | -9.86% |
| 2016-12-31 | $1.50 Billion | -6.09% |
| 2015-12-31 | $1.60 Billion | -7.53% |
| 2014-12-31 | $1.73 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Healthcare Properties, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 180865400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.13 Million | 0.19% |
| Other Comprehensive Income | $5.60 Million | 0.93% |
| Other Components | $2.53 Billion | 421.85% |
| Total Equity | $600.06 Million | 100.00% |
National Healthcare Properties, Inc. Competitors by Market Cap
The table below lists competitors of National Healthcare Properties, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
C.Q. Pharmaceutical Holding Co Ltd
SHE:000950
|
$539.38 Million |
|
Ingentec Corporation
TWO:4768
|
$539.43 Million |
|
LSI Industries Inc
NASDAQ:LYTS
|
$539.47 Million |
|
GZ Port
SHG:601228
|
$539.50 Million |
|
Shinkong Synthetic Fiber Corp
TW:1409
|
$539.09 Million |
|
Yabao Pharmaceutical Group Co Ltd
SHG:600351
|
$539.06 Million |
|
Indian Overseas Bank
NSE:IOB
|
$539.06 Million |
|
HeNan Splendor Science & Technology Co Ltd
SHE:002296
|
$539.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Healthcare Properties, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 684,560,000 to 600,064,000, a change of -84,496,000 (-12.3%).
- Net loss of 57,621,000 reduced equity.
- Dividend payments of 13,445,000 reduced retained earnings.
- Share repurchases of 612,000 reduced equity.
- Other comprehensive income decreased equity by 11,036,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-57.62 Million | -9.6% |
| Dividends Paid | $13.45 Million | -2.24% |
| Share Repurchases | $612.00K | -0.1% |
| Other Comprehensive Income | $-11.04 Million | -1.84% |
| Other Changes | $-1.78 Million | -0.3% |
| Total Change | $- | -12.34% |
Book Value vs Market Value Analysis
This analysis compares National Healthcare Properties, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.90x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.17x to 0.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $111.57 | $19.14 | x |
| 2015-12-31 | $61.94 | $19.14 | x |
| 2016-12-31 | $56.49 | $19.14 | x |
| 2017-12-31 | $49.81 | $19.14 | x |
| 2018-12-31 | $44.92 | $19.14 | x |
| 2019-12-31 | $39.77 | $19.14 | x |
| 2020-12-31 | $34.48 | $19.14 | x |
| 2021-12-31 | $36.60 | $19.14 | x |
| 2022-12-31 | $35.12 | $19.14 | x |
| 2023-12-31 | $31.62 | $19.14 | x |
| 2024-12-31 | $24.20 | $19.14 | x |
| 2025-12-31 | $21.20 | $19.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Healthcare Properties, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.83%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 2.85x
- Recent ROE (-9.60%) is below the historical average (-7.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -2.19% | -64.47% | 0.03x | 1.08x | $-209.88 Million |
| 2015 | -2.62% | -16.88% | 0.11x | 1.43x | $-200.95 Million |
| 2016 | -1.40% | -6.90% | 0.14x | 1.47x | $-170.42 Million |
| 2017 | -3.16% | -13.68% | 0.13x | 1.76x | $-177.30 Million |
| 2018 | -4.28% | -14.56% | 0.15x | 1.93x | $-176.08 Million |
| 2019 | -7.98% | -23.45% | 0.16x | 2.11x | $-198.05 Million |
| 2020 | -7.92% | -19.87% | 0.17x | 2.39x | $-171.51 Million |
| 2021 | -8.24% | -25.86% | 0.15x | 2.14x | $-188.55 Million |
| 2022 | -8.01% | -23.67% | 0.15x | 2.20x | $-178.75 Million |
| 2023 | -8.09% | -20.90% | 0.16x | 2.40x | $-161.71 Million |
| 2024 | -27.71% | -53.62% | 0.18x | 2.84x | $-258.15 Million |
| 2025 | -9.60% | -16.83% | 0.20x | 2.85x | $-117.63 Million |
Industry Comparison
This section compares National Healthcare Properties, Inc.'s net assets metrics with peer companies in the REIT - Healthcare Facilities industry.
Industry Context
- Industry: REIT - Healthcare Facilities
- Average net assets among peers: $880,398,200
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Healthcare Properties, Inc. (NHPAP) | $604.52 Million | -2.19% | 1.83x | $539.21 Million |
| Aedifica SA (AEDFF) | $193.91 Million | 7.53% | 0.90x | $2.97 Billion |
| American Healthcare REIT, Inc. (AHR) | $1.65 Billion | -4.93% | 1.90x | $9.31 Billion |
| Assura Plc (ARSSF) | $117.93 Million | -10.60% | 0.39x | $161.63 Million |
| Cofinimmo SA/NV (CFMOF) | $2.65 Billion | 4.50% | 0.98x | $2.38 Billion |
| Community Healthcare Trust Inc (CHCT) | $496.81 Million | 4.43% | 0.76x | $419.21 Million |
| CareTrust REIT Inc. (CTRE) | $1.42 Billion | 3.79% | 0.47x | $8.79 Billion |
| Chartwell Retirement Residences (CWSRF) | $509.23 Million | 4.69% | 4.57x | $3.84 Billion |
| Healthpeak Properties Inc (DOC) | $264.20 Million | 5.22% | 0.63x | $11.75 Billion |
| Global Medical REIT Inc. (GMRE) | $460.35 Million | 2.01% | 0.92x | $440.68 Million |
| Healthcare Realty Trust Incorporated (HR) | $1.04 Billion | 8.24% | 0.54x | $6.10 Billion |