Industrial Logistics Properties Trust (ILPT) vs National Healthcare Properties, Inc. (NHP) (NHP)
A side-by-side comparison of Industrial Logistics Properties Trust and National Healthcare Properties, Inc. (NHP) across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — ILPT vs NHP
growth of $100 · dividends reinvested · last 1yILPT vs NHP: by the numbers
- •ILPT is the larger company ($486M vs $267M market cap).
- •Both run net losses; ILPT's is the smaller (-10.37% vs -13.04% net margin).
- •ILPT pays the higher dividend yield (3.52% vs 0.48%).
Metrics side by side
Valuation
| Metric | ILPT | NHP |
|---|---|---|
| Forward P/E | N/A | 30.23 |
| P/S ratio | 1.07 | 0.78 |
| P/B ratio | 1.05 | 0.25 |
| EV / EBITDA | 14.77 | 9.55 |
| FCF yield | 11.21% | 8.91% |
For REITs like Industrial Logistics Properties Trust, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like National Healthcare Properties, Inc. (NHP), GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | ILPT | NHP |
|---|---|---|
| Gross margin | 10.99% | 36.05% |
| Operating margin | 32.85% | 4.33% |
| Net margin | -10.37% | -13.04% |
| ROE | -10.23% | -4.26% |
| ROIC | 2.97% | 0.75% |
Dividends
| Metric | ILPT | NHP |
|---|---|---|
| Dividend yield | 3.52% | 0.48% |
Industrial Logistics Properties Trust's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
National Healthcare Properties, Inc. (NHP)'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | ILPT | NHP |
|---|---|---|
| Revenue CAGR (5Y) | 14.29% | N/A |
| FCF CAGR (5Y) | -13.15% | N/A |
| Total return CAGR (5Y) | -20.92% | N/A |
Frequently asked
- Does ILPT or NHP pay a bigger dividend?
- ILPT yields 3.52% and NHP yields 0.48% based on trailing dividends and the latest price.
Go deeper
Dig into the metrics
Industrial Logistics Properties & National Healthcare Properties, Inc. (NHP) appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.