MEDIUMBuilt-inGeographic
Florida, Georgia, Pennsylvania and Iowa
“10-K Item 1A: 'A total of 10% or more of our consolidated annualized rental income ... was generated from each of Florida, Georgia, Pennsylvania and Iowa.'”
NHP · Concentration risk · 10-K extracted
National Healthcare Properties, (NHP) concentration risks
Updated
The most significant concentration National Healthcare Properties, discloses is Florida, Georgia, Pennsylvania and Iowa, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: National Healthcare Properties,’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06National Healthcare Properties discloses one primary concentration exposure: consolidated annualized rental income of at least 10% is generated individually from each of four states — Florida, Georgia, Pennsylvania, and Iowa. This is a structural, geography-driven exposure rather than a dependency on any single tenant or operator, reflecting how the portfolio's real estate footprint is distributed across states rather than a customer-specific risk. Because the disclosure names four separate states each clearing the same 10% threshold, rental income is spread across multiple regional real estate markets rather than concentrated in just one, which provides some built-in diversification relative to a single-state exposure. At the same time, healthcare real estate demand, reimbursement policy, and economic conditions in any one of these four states — particularly if downturns were correlated across more than one of them — could still affect consolidated rental income given each state's individually disclosed 10%-plus share. No customer, supplier, or tenant-level concentration is disclosed alongside this geographic exposure, so the state-level rental income spread is the company's sole flagged concentration risk in this filing.
For the engine’s reasoning on NHP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Healthcare Facilities
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| DOC | Healthpeak Properties, Inc. | 1 | 0 | 1 | 2 |
| AHR | American Healthcare REIT, Inc. | 1 | 0 | 0 | 1 |
| CHCT | Community Healthcare Trust Inco | 0 | 2 | 1 | 3 |
| CTRE | CareTrust REIT, Inc. | 0 | 1 | 1 | 2 |
| DHC | Diversified Healthcare Trust | 0 | 1 | 1 | 2 |
| NHP● | National Healthcare Properties, | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.