National Healthcare Properties Reports Q3 2026 Results; Raises Full-Year SHOP Cash NOI Growth Guidance
National Healthcare Properties reported Q3 2026 net income of $17.8 million or $0.24 per diluted share, compared to a net loss of $15.9 million or $0.56 per diluted share in Q3 2025. Nareit FFO of $0.13 per diluted share decreased 43.5% year-over-year, while Normalized FFO of $0.19 per diluted share decreased 29.6% year-over-year. The company raised its full-year 2026 SHOP Same Store Cash NOI growth guidance by 100 basis points at the midpoint to 16.5% to 18.5%, and increased acquisitions guidance to $425 millio...
Guidance updates
Forward guidance
Key takeaways
Net income attributable to common stockholders was $17.8 million or $0.24 per diluted share, compared to a net loss of $15.9 million in Q3 2025.
SHOP Same Store Cash NOI grew 13.6% year-over-year with same-store average occupancy increasing 2.2 percentage points to 86.7% and RevPOR increasing 4.0% year-over-year.
The company acquired 22 SHOP communities for $300 million in Q3 2026, with year-to-date acquisitions totaling approximately $424 million across 25 communities.
Completed the first tranche of OMF dispositions, selling 30 OMFs for $198 million and fully repaying $119 million in secured term loans.
Full-year 2026 SHOP Same Store Cash NOI growth guidance was raised from 15.0%-18.0% to 16.5%-18.5%.
Full-year 2026 acquisitions guidance was raised to $425 million to $645 million from $375 million to $425 million.
Full-year 2026 dispositions guidance was raised to $1.1 billion from $570 million as the company expects to fully exit the OMF segment.
Key metrics
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