NHPAP.PFD (National Healthcare Properties) Scaled Net Operating Assets: 0.93 (As of Mar. 2026)


NHPAP.PFD National Healthcare Properties Inc NHPAP.PFD
33 GF Score
Price $23.50
! 7 Warning Signs
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What is National Healthcare Properties Scaled Net Operating Assets?

National Healthcare Properties NHPAP.PFD +1.82% 33 Scaled Net Operating Assets is 0.93 as of Mar. 2026. GuruFocus rates NHPAP.PFD with a GF Score™ of 33/100. The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

National Healthcare Properties's operating assets for the quarter that ended in Mar. 2026 was $1,645.25 Mil. National Healthcare Properties's operating liabilities for the quarter that ended in Mar. 2026 was $52.97 Mil. National Healthcare Properties's Total Assets for the quarter that ended in Dec. 2025 was $1,711.77 Mil. Therefore, National Healthcare Properties's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.93.


National Healthcare Properties Scaled Net Operating Assets Historical Data

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The historical data trend for National Healthcare Properties's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

National Healthcare Properties Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.91 0.93 0.93 0.85 0.82

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
Scaled Net Operating Assets 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 0.87 0.90 0.93 0.92 0.93

NHPAP.PFD vs UHT, CHCT, SILA: Scaled Net Operating Assets Comparison

For the REIT - Healthcare Facilities subindustry, National Healthcare Properties's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, National Healthcare Properties's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where National Healthcare Properties's Scaled Net Operating Assets falls into.


NHPAP.PFD
33GF Score
National Healthcare Properties Inc NHPAP.PFD
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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National Healthcare Properties Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

National Healthcare Properties's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1654.152-62.007)/1946.023
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1711.772 - 57.62
=1654.152

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1107.247 - 524.501 - 520.739
=62.007

National Healthcare Properties's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1645.253-52.967)/1711.772
=0.93

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1698.062 - 52.809
=1645.253

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1101.519 - 862.552 - 186
=52.967

* 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.

What does a Scaled Net Operating Assets of 0.93 mean?
National Healthcare Properties (NHPAP.PFD) has a Scaled Net Operating Assets of 0.93 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on National Healthcare Properties and its competitors.
Is National Healthcare Properties' Scaled Net Operating Assets too high?
National Healthcare Properties' current Scaled Net Operating Assets is 0.93. 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' Scaled Net Operating Assets compare to UHT and CHCT?
National Healthcare Properties' Scaled Net Operating Assets of 0.93 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on National Healthcare Properties and its competitors. National Healthcare Properties's current Scaled Net Operating Assets is 0.93. 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 (NHPAP.PFD) has a current Scaled Net Operating Assets of 0.93. The current Scaled Net Operating Assets is 0.93. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For National Healthcare Properties (NHPAP.PFD), the current Scaled Net Operating Assets is 0.93 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 NHP: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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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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