National Healthcare Properties, Inc. (Nasdaq: NHPAP / NHPBP) reported its second quarter 2025 financial results, revealing a net loss of $(0.85) per basic and diluted share. The company, a self-managed diversified healthcare real estate investment trust, focusing on seniors housing and outpatient medical facilities, reported Nareit defined Funds from Operations (FFO) of $0.19 per diluted share and Adjusted Funds from Operations (AFFO) of $0.32 per diluted share. FFO per share increased by 35.7% quarter-over-quarter, while AFFO per share rose by 3.2%. The second quarter portfolio Same Store Cash Net Operating Income (NOI) growth was 8.5% year-over-year. The Senior Housing Operating Property $(SHOP)$ segment saw Same Store Cash NOI growth of 17.3%, and the Outpatient Medical Facility $(OMF)$ segment experienced a 4.4% growth. Dispositions for the quarter amounted to $21.4 million, including the sale of three non-core OMFs and three non-core SHOPs. In the SHOP portfolio, year-over-year Same Store Cash NOI growth was 17.3%, with quarter-over-quarter growth of 6.6%. The same store average occupancy reached 82.8%, a 5.0% increase year-over-year. Same Store revenue grew by 11.8%, and the Same Store Cash NOI Margin expanded by 0.9% to 19.5% year-over-year. The OMF portfolio recorded a year-over-year Same Store Cash NOI growth of 4.4% and a quarter-over-quarter growth of 5.7%, with a Same Store ending occupancy of 92.2%, reflecting a 0.7% decrease year-over-year. During the quarter, National Healthcare Properties completed the repurchase of $1.8 million of previously outstanding shares of preferred stock, reducing leverage by $1.3 million on a "Net Debt + Preferred" basis. Additional financial details are available on the company's website.