stockrowNational Healthcare Properties, Inc.
NHP Real Estate Reit Healthcare Facilities
National Healthcare Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $342.3 million, down 3.25% from fiscal 2024. In the quarter to June 2026, revenue grew 2.58%, EPS grew 84.7%, free cash flow fell 1,428.9% and total debt rose 42.3%, each against the same quarter a year earlier.
Follow NHP
Alert me
National Healthcare Properties, Inc. (NHP) Piotroski F-score
National Healthcare Properties, Inc.'s Piotroski F-score for fiscal 2025 is 5 out of 9: 5 of nine tests of profitability, leverage and efficiency passed, up from 4 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 5 | 1.00 |
| FY2024 | 4 | (3.00) |
| FY2023 | 7 | 2.00 |
| FY2022 | 5 | 0.00 |
| FY2021 | 5 | 0.00 |
| FY2020 | 5 | 0.00 |
| FY2019 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (3.89%) | (9.95%) | Fail | 0 |
| Positive operating cash flow | 6.95m | (79.85m) | Pass | 1 |
| Rising return on assets | (3.89%) | (9.95%) | Pass | 1 |
| Cash flow above net income | 78.02m | 123.65m | Pass | 1 |
| Falling long-term leverage | 0.26 | 0.18 | Fail | 0 |
| Rising current ratio | 0.23 | 0.12 | Pass | 1 |
| No new shares issued | 28,304,000 | 28,286,000 | Fail | 0 |
| Rising gross margin | 36.05% | 37.41% | Fail | 0 |
| Rising asset turnover | 0.19 | 0.17 | Pass | 1 |
| Piotroski F-score | Mixed | 5 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| STRW Strawberry Fields REIT, Inc. compare | 7 |
| CHCT Community Healthcare Trust Incorporated compare | 7 |
| NHP National Healthcare Properties, Inc. | 5 |
| MPT Medical Properties Trust, Inc. compare | 5 |
| NHI National Health Investors, Inc. compare | 5 |
| DHC Diversified Healthcare Trust compare | 5 |
| LTC LTC Properties, Inc. compare | 5 |
| XRN Chiron Real Estate Inc. compare | 4 |
| UHT Universal Health Realty Income Trust compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover