National Healthcare Properties (NHPBP) Operating Expenses (2013 - 2025)

National Healthcare Properties (NHPBP) recorded quarterly Operating Expenses of $90.6 million in Q4 2025, up 7.49% quarter-over-quarter from $84.3 million in Q3 2025, and down 6.36% on a YoY basis from $96.7 million in Q4 2024.

National Healthcare Properties (NHPBP) 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.

  • 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 was $90.6 million for Q4 2025 at National Healthcare Properties, up from $84.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $189.0 million in Q2 2024 to a low of $82.4 million in Q1 2021.
  • Historically, Operating Expenses has averaged $97.1 million across 5 years, with a median of $91.1 million in 2021.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 122.43% in 2024, then tumbled 50.54% in 2025.
  • A 5-year view of Operating Expenses shows it 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.
  • The last three Operating Expenses figures came in at $90.6 million (Q4 2025), $84.3 million (Q3 2025), and $93.5 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Welltower 144.82 Bn 141.05 Bn 1.30 Bn 3.01 Bn
2 Ventas 39.06 Bn 38.93 Bn 1.65 Bn 1.62 Bn
3 Healthpeak Properties 13.76 Bn 14.32 Bn - 747.35 Mn
4 Omega Healthcare Investors 12.86 Bn 13.12 Bn - 5.43 Mn
5 American Healthcare REIT 8.89 Bn 8.81 Bn 97.60 Mn 611.91 Mn
6 CareTrust REIT 8.47 Bn 8.48 Bn - 61.07 Mn
7 Healthcare Realty Trust 6.83 Bn 6.83 Bn - 247.32 Mn
8 National Health Investors 3.40 Bn 3.41 Bn - 78.03 Mn
9 Diversified Healthcare Trust 2.05 Bn 1.93 Bn 304.41 Mn 371.20 Mn
10 National Healthcare Properties - - - 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