National Healthcare Properties, Inc. (NHP), a real estate investment trust specializing in healthcare properties, announced on Wednesday an increase in second-quarter funds from operations (FFO). The rise stemmed from revenue gains, reduced impairment charges and lower expenses. The firm also lifted its fiscal 2026 forecast for the Senior Housing Operating Portfolio (SHOP).

FFO attributable to common stockholders advanced to $11.95 million from $5.35 million in the prior year. FFO per share held steady at $0.19.

Normalized FFO attributable to common stockholders grew to $10.87 million from $6.40 million. Normalized FFO per share, however, fell to $0.18 from $0.22 a year earlier.

Net loss attributable to stockholders narrowed to $8.14 million, or $0.13 per share, versus a loss of $24.19 million, or $0.85 per share, in the same quarter last year.

Net operating income (NOI) rose to $33.41 million from $31.15 million in the previous year.

By segment, NOI from the Outpatient Medical Facility (OMF) portfolio slipped to $20.40 million from $20.91 million, while NOI from the Senior Housing Operating Portfolio (SHOP) climbed to $13.01 million from $10.24 million.

Impairment charges dropped to $3.78 million from $15.21 million, and acquisition and transaction-related costs fell to $0.13 million from $0.50 million a year earlier.

EBITDA increased to $25.19 million from $13.54 million in the prior-year period, and adjusted EBITDA rose to $30.65 million from $26.75 million.

Revenue from tenants grew to $87.53 million from $85.33 million in the same quarter last year.

Looking forward, the company raised its 2026 guidance for SHOP same-store cash NOI growth to a range of 15.0% to 18.0% from the earlier 13.0% to 16.0%. It kept its outlook for OMF cash NOI growth unchanged at 2.5% to 3.5%.

In after-hours trading on Nasdaq, National Healthcare Properties shares advanced 0.12 percent to $16.05, after closing the regular session up 2.95%.

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