NHP (National Healthcare Properties) Debt-to-EBITDA : 9.29 (As of Mar. 2026) — 54% Below Median

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NHP National Healthcare Properties Inc NHP
33 GF Score
Price $15.52
! 7 Warning Signs
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What is National Healthcare Properties Debt-to-EBITDA?

National Healthcare Properties NHP +1.90% 33 Debt-to-EBITDA is 9.29 as of Mar. 2026, which is 54% below its 10-year median of 20.07. GuruFocus rates NHP with a GF Score™ of 33/100. The stock has 7 warning signs investors should review. Among 573 REITs companies, National Healthcare Properties ranks worse than 89.7% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

National Healthcare Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $186.0 Mil. National Healthcare Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $862.6 Mil. National Healthcare Properties's annualized EBITDA for the quarter that ended in Mar. 2026 was $112.8 Mil. National Healthcare Properties's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 9.29.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for National Healthcare Properties's Debt-to-EBITDA or its related term are showing as below:

NHP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -31.5   Med: 20.07   Max: 25.7
Current: 14.27

During the past 8 years, the highest Debt-to-EBITDA Ratio of National Healthcare Properties was 25.70. The lowest was -31.50. And the median was 20.07.

NHP's Debt-to-EBITDA is ranked worse than
89.7% of 573 companies
in the REITs industry
Industry Median: 6.57 vs NHP: 14.27

National Healthcare Properties  (NAS:NHP) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


National Healthcare Properties Debt-to-EBITDA Related Terms


National Healthcare Properties Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for National Healthcare Properties's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Healthcare Properties Debt-to-EBITDA Chart

National Healthcare Properties Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 25.70 20.54 15.33 -31.50 12.74

National Healthcare Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.35 19.24 12.62 23.46 9.29

NHP vs UHT, CHCT, XRN: Debt-to-EBITDA Comparison

For the REIT - Healthcare Facilities subindustry, National Healthcare Properties's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National Healthcare Properties Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, National Healthcare Properties's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where National Healthcare Properties's Debt-to-EBITDA falls into.


NHP
33GF Score
National Healthcare Properties Inc NHP
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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National Healthcare Properties Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

National Healthcare Properties's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(520.739 + 524.501) / 82.018
=12.74

National Healthcare Properties's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(186 + 862.552) / 112.82
=9.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 9.29 mean?
National Healthcare Properties (NHP) has a Debt-to-EBITDA of 9.29 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on National Healthcare Properties. This is 54% below median its historical median of 20.07. According to the industry distribution chart, National Healthcare Properties ranks #514 out of 573 companies in the REITs industry, placing it in the top 89.7%.
Is National Healthcare Properties' Debt-to-EBITDA too high?
National Healthcare Properties' current Debt-to-EBITDA of 9.29 is 54% below median its 10-year median of 20.07. The REITs industry median Debt-to-EBITDA is 6.57. National Healthcare Properties' value of 9.29 is 41.4% above this industry median. Based on the distribution chart, National Healthcare Properties ranks #514 out of 573 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, National Healthcare Properties has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does National Healthcare Properties' Debt-to-EBITDA compare to UHT and CHCT?
According to the REITs industry distribution chart, National Healthcare Properties ranks #514 out of 573 companies for Debt-to-EBITDA. This places National Healthcare Properties in the lower half of its industry. The industry median Debt-to-EBITDA is 6.57. National Healthcare Properties' value of 9.29 is 41.4% above this benchmark. While the company's 10-year median is 20.07 vs. the industry median of 6.57, National Healthcare Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.57, based on 573 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Healthcare Properties's current Debt-to-EBITDA of 9.29 is 41.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on National Healthcare Properties. For the REITs industry, the median Debt-to-EBITDA is 6.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Healthcare Properties's current Debt-to-EBITDA is 9.29, which is 54% below median its own 10-year median of 20.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Healthcare Properties stock overvalued right now?
National Healthcare Properties (NHP) has a current Debt-to-EBITDA of 9.29. The current Debt-to-EBITDA is 9.29, which is 54% below median its 10-year median of 20.07 and 41.4% above the REITs industry median of 6.57. National Healthcare Properties' overall GF Score™ is 33/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For National Healthcare Properties (NHP), the current Debt-to-EBITDA is 9.29 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

National Healthcare Properties Business Description

Industry Real EstateREITs
Other Exchanges NHPAP.PFD:USA
Address 540 Madison Avenue, 27th Floor, New York, NY, USA, 10022
National Healthcare Properties Inc is a publicly registered real estate investment trust. It is focused on acquiring, owning, and managing a diversified portfolio of healthcare real estate assets focused on senior housing operating properties (SHOP) and outpatient medical facilities (OMF) in the United States. The company operates in two reportable business segments: SHOP and OMF. The SHOP segment consists of assisted living communities, memory care communities and independent living communities, which are focused on needs-based assisted living and memory care. The OMF segment consists of physicians' offices and examination rooms, hospitals, pharmacies, hospital ancillary service space and other outpatient services. The majority of revenue is derived from the SHOP segment.
33GF Score

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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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