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
DateValue
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