National Healthcare Properties Authorizes $100 Million Share Buyback
The board approved the program on Nov. 4, and the company also filed a $300.0 million at-the-market equity offering agreement in the same 8-K.
Key terms
- Board authorized the buyback on Nov. 4, 2026, for up to $100.0 million of common stock
- Repurchases may be made through open market transactions, block trades or other Rule 10b-18 methods
- The $100.0 million authorization is roughly 8.7% of the company's about $1.15 billion market value
- A separate $300.0 million at-the-market offering agreement was filed Nov. 10, 2026
National Healthcare Properties (Nasdaq: NHP) said its board has authorized a share repurchase program of up to $100.0 million of its outstanding common stock, according to an 8-K filed Tuesday, Nov. 10, 2026. The board approved the program on Nov. 4.
The company filed a second 8-K the same day, Nov. 10, 2026, that covers pro forma financial information related to property dispositions and acquisitions. That 8-K is linked here for readers who want the details.
How the buyback works
The company may buy back shares from time to time through open market transactions, block trades or other methods designed to comply with Rule 10b-18 under the Securities Exchange Act of 1934. The program does not obligate the company to buy any specific dollar amount or number of shares, and the board may modify, suspend or terminate it at any time.
Based on the company's $15.75 last close and about 73.0 million shares outstanding as of Oct. 30, 2026, its market value was about $1.15 billion. The $100.0 million authorization equals roughly 8.7% of that figure.
Other items in the same filing
The company also entered into an at-the-market equity offering sales agreement with a group of sales agents covering shares with an aggregate gross sales price of up to $300.0 million. The company said it intends to use any net proceeds for general corporate purposes, including funding property acquisitions and working capital. Each agent may receive a commission of up to 2.0% of the gross sales price of shares it sells as the company's sales agent.
Sources
Written with AI from the company's SEC filing and our market data, and checked against those sources before publishing. Our editorial standards.
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More on National Healthcare Properties
NHP page →Filings, figures and price history are on the National Healthcare Properties page.