National Healthcare Properties (NHP) Operating Expenses (2013 - 2025)
National Healthcare Properties' (NHP) quarterly Operating Expenses came in at $90.6 million in Q4 2025, down 6.36% year-on-year from $96.7 million in Q4 2024, and up 7.49% quarter-over-quarter from $84.3 million in Q3 2025.
National Healthcare Properties (NHP) Operating Expenses (2013 - 2025) Analysis & Trends
National Healthcare Properties' Operating Expenses history runs 13 years deep, the most recent figure standing at $90.6 million for Q4 2025.
- On a quarterly basis, Operating Expenses fell 6.36% year-over-year to $90.6 million in Q4 2025; TTM through Dec 2025 was $366.8 million, a 24.63% decrease from a year earlier, with the FY2025 full-year figure at $366.8 million, down 24.63% from the prior year.
- Operating Expenses advanced to $90.6 million in Q4 2025 per NHP's latest filing, from $84.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $189.0 million in Q2 2024 and bottomed at $82.4 million in Q1 2021.
- The 5-year median for Operating Expenses is $91.1 million (2021), against an average of $97.1 million.
- Across the five-year window, Operating Expenses jumped 122.43% in 2024 and tumbled 50.54% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $91.7 million in 2021, then fell by 2.34% to $89.5 million in 2022, then increased by 4.31% to $93.4 million in 2023, then grew by 3.58% to $96.7 million in 2024, then declined by 6.36% to $90.6 million in 2025.
- Per Business Quant, the three latest NHP Operating Expenses figures stand at $90.6 million (Q4 2025), $84.3 million (Q3 2025), and $93.5 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 172.91 Bn | 168.34 Bn | 1.30 Bn | 3.01 Bn |
| 2 | Ventas | 46.62 Bn | 46.50 Bn | 1.65 Bn | 1.62 Bn |
| 3 | Healthpeak Properties | 15.34 Bn | 16.55 Bn | - | 323.86 Mn |
| 4 | Omega Healthcare Investors | 15.14 Bn | 15.41 Bn | - | 167.14 Mn |
| 5 | American Healthcare REIT | 10.71 Bn | 10.59 Bn | 97.60 Mn | 611.91 Mn |
| 6 | CareTrust REIT | 9.45 Bn | 9.46 Bn | - | 3.11 Mn |
| 7 | Healthcare Realty Trust | 7.33 Bn | 7.33 Bn | - | 247.32 Mn |
| 8 | Sabra Health Care REIT | 5.09 Bn | 5.09 Bn | - | 3.77 Mn |
| 9 | Diversified Healthcare Trust | 4.51 Bn | 4.39 Bn | 295.29 Mn | 371.20 Mn |
| 10 | National Healthcare Properties | 448.05 Mn | 394.89 Mn | - | 90.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 90.59 Mn |
| Sep 30, 2025 | 84.28 Mn |
| Jun 30, 2025 | 93.50 Mn |
| Mar 31, 2025 | 98.41 Mn |
| Dec 31, 2024 | 96.75 Mn |
| Sep 30, 2024 | 111.45 Mn |
| Jun 30, 2024 | 189.03 Mn |
| Mar 31, 2024 | 89.42 Mn |
| Dec 31, 2023 | 93.40 Mn |
| Sep 30, 2023 | 86.43 Mn |
| Jun 30, 2023 | 84.99 Mn |
| Mar 31, 2023 | 85.53 Mn |
| Dec 31, 2022 | 89.55 Mn |
| Sep 30, 2022 | 92.00 Mn |
| Jun 30, 2022 | 89.76 Mn |
| Mar 31, 2022 | 95.95 Mn |
| Dec 31, 2021 | 91.69 Mn |
| Sep 30, 2021 | 110.61 Mn |
| Jun 30, 2021 | 85.73 Mn |
| Mar 31, 2021 | 82.40 Mn |