National Healthcare Properties (NHP) Operating Expenses (2013 - 2026)
National Healthcare Properties (NHP) posted quarterly Operating Expenses of $90.6 million for Q4 2025, down 6.36% year-over-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 - 2026) Analysis & Trends
National Healthcare Properties' Operating Expenses history runs 13 years deep, the most recent figure standing at $90.6 million for Q4 2025.
- In Q4 2025, Operating Expenses fell 6.36% year-over-year to $90.6 million; the TTM figure through Dec 2025 stood at $366.8 million (down 24.63% YoY), while the FY2025 annual figure was $366.8 million, down 24.63% from the prior year.
- Operating Expenses for Q4 2025 stood at $90.6 million, up from $84.3 million in the prior quarter.
- The five-year high for Operating Expenses was $189.0 million in Q2 2024, with the low 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.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 122.43% in 2024, then slumped 50.54% in 2025.
- National Healthcare Properties' Operating Expenses stood at $91.7 million in 2021, then declined by 2.34% to $89.5 million in 2022, then grew by 4.31% to $93.4 million in 2023, then climbed by 3.58% to $96.7 million in 2024, then dropped by 6.36% to $90.6 million in 2025.
- Business Quant data shows NHP's Operating Expenses at $90.6 million in Q4 2025, $84.3 million in Q3 2025, and $93.5 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 170.35 Bn | 168.39 Bn | 1.39 Bn | 3.22 Bn |
| 2 | Ventas | 45.87 Bn | 45.67 Bn | 1.73 Bn | 1.68 Bn |
| 3 | Healthpeak Properties | 14.73 Bn | 14.73 Bn | - | 739.00 Mn |
| 4 | Omega Healthcare Investors | 13.97 Bn | 13.97 Bn | - | 187.79 Mn |
| 5 | American Healthcare REIT | 10.77 Bn | 10.58 Bn | 149.41 Mn | 631.81 Mn |
| 6 | CareTrust REIT | 9.29 Bn | 9.29 Bn | - | 72.38 Mn |
| 7 | Healthcare Realty Trust | 6.66 Bn | 6.66 Bn | - | 242.88 Mn |
| 8 | Sabra Health Care REIT | 5.17 Bn | 5.17 Bn | - | 88.62 Mn |
| 9 | Diversified Healthcare Trust | 4.55 Bn | 4.43 Bn | 298.67 Mn | 365.91 Mn |
| 10 | National Healthcare Properties | 1.05 Bn | 802.38 Mn | - | 82.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 82.44 Mn |
| 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 |