National Healthcare Properties Inc. reported a net loss of $0.6 per basic and diluted share for the third quarter of 2025. Funds from Operations (FFO) were $0.2 per diluted share, up 21.1% quarter-over-quarter, and Adjusted Funds from Operations (AFFO) were $0.4 per diluted share, up 12.5% quarter-over-quarter. Third quarter same store cash net operating income (NOI) increased 12.2% year-over-year, with the Senior Housing Operating Property segment growing 27.2% and the Outpatient Medical Facility segment growing 4.7%. The company completed the sale of one non-core Senior Housing Operating Property for $1.8 million during the quarter. Same store average occupancy in the Senior Housing Operating Property segment rose to 83.7%, up 4.0% year-over-year. Same store revenue for this segment increased 12.0% year-over-year. In the Outpatient Medical Facility segment, same store ending occupancy was 93.5%, a decrease of 0.4% year-over-year.