NHI
National Health Investors, Inc.
Price Chart
No historical data available
Latest Quote
$71.11
| Previous Close | $72.03 |
| Open | $71.56 |
| Day High | $71.58 |
| Day Low | $71.09 |
| Volume | 307,996 |
Stock Information
| Quarterly Dividend / Yield | $3.76 / 5.29% |
| Shares Outstanding | 49.11M |
| Quarterly Dividend Yield | 5.29% |
| Quarterly Dividend | $3.76 |
| Total Debt | $1.52B |
| Cash Equivalents | $113.38M |
| Revenue | $435.78M |
| Net Income | $166.52M |
| Sector | Real Estate |
| Industry | REIT - Healthcare Facilities |
| Market Cap | $3.49B |
| P/E Ratio | 20.55 |
| EPS (TTM) | $3.46 |
| Exchange | NYQ |
Recent Price History
About National Health Investors, Inc.
National Health Investors, Inc. is a self-managed real estate investment trust (REIT). The Company owns, leases, operates and finances the development of high-quality real estate properties in the United States, focusing on senior housing communities and medical facilities. The Company operates through two reportable segments, Real Estate Investments and SHOP. The Company's real estate property investments include independent living facilities, assisted living facilities, entrance fee communities, senior living campuses, skilled nursing facilities and hospitals. National Health Investors, Inc. was established on October 15th, 1991, and was incorporated in 1991 in Maryland and is based in Murfreesboro, Tennessee.
đ° Latest News
CUZ vs. NHI: Which Stock Should Value Investors Buy Now?
Zacks âĸ 2026-08-31T15:40:04Z
NHI (NHI) Q2 2026 Earnings Call Transcript
Motley Fool âĸ 2026-08-19T13:16:17Z
PEB or NHI: Which Is the Better Value Stock Right Now?
Zacks âĸ 2026-08-14T15:40:03Z
National Health Investors Inc (NHI) (Q2 2026) Earnings Call Highlights: Strategic Pivot to SHOP ...
GuruFocus.com âĸ 2026-08-11T21:03:18ZNational Health Investors Q2 Earnings Call Highlights
MarketBeat âĸ 2026-08-11T19:04:38Z
National Health Investors, Inc. Q2 2026 Earnings Call Summary
Moby âĸ 2026-08-11T12:30:00Z
National Health Investors (NHI) Q2 FFO Lag Estimates
Zacks âĸ 2026-08-10T21:55:06ZNational Health Investors (NHI) Could Be 12% Undervalued As New COO Draws Fresh Interest
Simply Wall St. âĸ 2026-08-07T17:17:27ZLamar Advertising (LAMR) Beats Q2 FFO and Revenue Estimates
Zacks âĸ 2026-08-06T11:35:04ZApple Hospitality REIT (APLE) Surpasses Q2 FFO and Revenue Estimates
Zacks âĸ 2026-08-06T00:35:17ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $10,982,000 | $11,165,000 | $11,513,000 | $9,788,000 |
| Cost Of Revenue | $10,982,000 | $11,165,000 | $11,513,000 | $9,788,000 |
| Total Revenue | $375,628,000 | $335,181,000 | $319,835,000 | $278,194,000 |
| Operating Revenue | $375,628,000 | $335,181,000 | $319,835,000 | $278,194,000 |
| Expenses | ||||
| Interest Expense | $53,941,000 | $56,120,000 | $55,513,000 | $42,441,000 |
| Total Expenses | $185,040,000 | $146,685,000 | $141,343,000 | $145,428,000 |
| Other Income Expense | $7,567,000 | $8,046,000 | $14,049,000 | $-22,437,000 |
| Other Non Operating Income Expenses | $3,447,000 | $-5,295,000 | $-1,174,000 | $1,113,000 |
| Net Non Operating Interest Income Expense | $-57,368,000 | $-59,903,000 | $-58,160,000 | $-44,917,000 |
| Total Other Finance Cost | $3,427,000 | $3,783,000 | $2,647,000 | $2,476,000 |
| Interest Expense Non Operating | $53,941,000 | $56,120,000 | $55,513,000 | $42,441,000 |
| Operating Expense | $174,058,000 | $135,520,000 | $129,830,000 | $135,640,000 |
| Other Operating Expenses | $62,500,000 | $42,251,000 | $39,587,000 | $28,193,000 |
| General And Administrative Expense | $29,534,000 | $21,788,000 | $19,821,000 | $25,323,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $142,177,000 | $137,985,000 | $135,654,000 | $66,403,000 |
| Net Interest Income | $-57,368,000 | $-59,903,000 | $-58,160,000 | $-44,917,000 |
| Normalized Income | $141,816,760 | $127,763,190 | $124,066,280 | $85,457,010 |
| Net Income From Continuing And Discontinued Operation | $142,177,000 | $137,985,000 | $135,654,000 | $66,403,000 |
| Net Income Common Stockholders | $141,976,000 | $137,867,000 | $135,597,000 | $66,403,000 |
| Net Income | $142,177,000 | $137,985,000 | $135,654,000 | $66,403,000 |
| Net Income Including Noncontrolling Interests | $140,787,000 | $136,639,000 | $134,381,000 | $65,501,000 |
| Net Income Continuous Operations | $140,787,000 | $136,639,000 | $134,381,000 | $65,501,000 |
| Pretax Income | $140,787,000 | $136,639,000 | $134,381,000 | $65,412,000 |
| Special Income Charges | $0 | $0 | $-53,000 | $-52,461,000 |
| Earnings From Equity Interest | $3,664,000 | $402,000 | $555,000 | $569,000 |
| Operating Income | $190,588,000 | $188,496,000 | $178,492,000 | $132,766,000 |
| Depreciation Amortization Depletion Income Statement | $80,944,000 | $71,443,000 | $69,973,000 | $70,880,000 |
| Depreciation And Amortization In Income Statement | $80,944,000 | $71,443,000 | $69,973,000 | $70,880,000 |
| Depreciation Income Statement | $80,944,000 | $71,443,000 | $69,973,000 | $70,880,000 |
| Gross Profit | $364,646,000 | $324,016,000 | $308,322,000 | $268,406,000 |
| Per Share | ||||
| Diluted EPS | $3.02 | $3.13 | $3.13 | $1.48 |
| Basic EPS | $3.03 | $3.14 | $3.13 | $1.48 |
| Other | ||||
| Tax Effect Of Unusual Items | $95,760 | $2,717,190 | $3,080,280 | $-5,064,990 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $275,216,000 | $251,263,000 | $245,199,000 | $202,852,000 |
| Total Unusual Items | $456,000 | $12,939,000 | $14,668,000 | $-24,119,000 |
| Total Unusual Items Excluding Goodwill | $456,000 | $12,939,000 | $14,668,000 | $-24,119,000 |
| Reconciled Depreciation | $80,944,000 | $71,443,000 | $69,973,000 | $70,880,000 |
| EBITDA (Bullshit earnings) | $275,672,000 | $264,202,000 | $259,867,000 | $178,733,000 |
| EBIT | $194,728,000 | $192,759,000 | $189,894,000 | $107,853,000 |
| Diluted Average Shares | $47,051,763 | $44,102,636 | $43,389,466 | $44,794,236 |
| Basic Average Shares | $46,874,691 | $43,844,771 | $43,388,794 | $44,774,708 |
| Diluted NI Availto Com Stockholders | $141,976,000 | $137,867,000 | $135,597,000 | $66,403,000 |
| Otherunder Preferred Stock Dividend | $201,000 | $118,000 | $57,000 | $0 |
| Minority Interests | $1,390,000 | $1,346,000 | $1,273,000 | $902,000 |
| Gain On Sale Of Security | $456,000 | $12,939,000 | $14,721,000 | $28,342,000 |
| Other Taxes | $1,080,000 | $38,000 | $449,000 | $844,000 |
| Selling General And Administration | $29,534,000 | $21,788,000 | $19,821,000 | $25,323,000 |
| Other Gand A | $29,534,000 | $21,788,000 | $19,821,000 | $25,323,000 |
| Write Off | - | $700,000 | $1,600,000 | $51,600,000 |
| Provision For Doubtful Accounts | - | $4,640,000 | $-300,000 | $10,400,000 |
| Other Special Charges | - | - | $53,000 | $861,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,521,543,000 | $1,366,475,000 | $1,253,952,000 | $1,270,225,000 |
| Total Assets | $2,796,887,000 | $2,614,371,000 | $2,488,480,000 | $2,507,424,000 |
| Total Non Current Assets | $2,479,966,000 | $2,217,461,000 | $2,113,290,000 | $2,124,418,000 |
| Other Non Current Assets | $6,208,000 | $6,208,000 | $6,208,000 | $6,208,000 |
| Current Assets | $316,921,000 | $396,910,000 | $375,190,000 | $383,006,000 |
| Assets Held For Sale Current | $3,562,000 | $0 | $5,004,000 | $43,302,000 |
| Restricted Cash | $0 | $2,213,000 | $2,270,000 | $2,225,000 |
| Receivables | $293,735,000 | $370,408,000 | $345,569,000 | $318,188,000 |
| Other Receivables | $4,976,000 | $7,877,000 | $10,669,000 | $3,190,000 |
| Notes Receivable | $203,296,000 | $268,926,000 | $245,271,000 | $233,141,000 |
| Accounts Receivable | $85,463,000 | $93,605,000 | $89,629,000 | $81,857,000 |
| Allowance For Doubtful Accounts Receivable | $-309,000 | $-494,000 | $-343,000 | $-375,000 |
| Gross Accounts Receivable | $85,772,000 | $94,099,000 | $89,972,000 | $82,232,000 |
| Cash Cash Equivalents And Short Term Investments | $19,624,000 | $24,289,000 | $22,347,000 | $19,291,000 |
| Cash And Cash Equivalents | $19,624,000 | $24,289,000 | $22,347,000 | $19,291,000 |
| Non Current Deferred Assets | - | - | $10,669,000 | $3,190,000 |
| Debt | ||||
| Net Debt | $1,144,190,000 | $1,121,752,000 | $1,112,704,000 | $1,128,220,000 |
| Total Debt | $1,163,814,000 | $1,146,041,000 | $1,135,051,000 | $1,147,511,000 |
| Long Term Debt And Capital Lease Obligation | $959,814,000 | $814,841,000 | $890,051,000 | $1,105,511,000 |
| Long Term Debt | $959,814,000 | $814,841,000 | $890,051,000 | $1,105,511,000 |
| Current Debt And Capital Lease Obligation | $204,000,000 | $331,200,000 | $245,000,000 | $42,000,000 |
| Current Debt | $204,000,000 | $331,200,000 | $245,000,000 | $42,000,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $1,256,983,000 | $1,229,194,000 | $1,214,433,000 | $1,217,518,000 |
| Total Non Current Liabilities Net Minority Interest | $959,814,000 | $814,841,000 | $890,051,000 | $1,105,511,000 |
| Current Liabilities | $297,169,000 | $414,353,000 | $324,382,000 | $112,007,000 |
| Current Deferred Liabilities | $4,996,000 | $4,277,000 | $6,009,000 | $5,052,000 |
| Payables And Accrued Expenses | $88,173,000 | $78,876,000 | $73,373,000 | $64,955,000 |
| Payables | $88,173,000 | $78,876,000 | $73,373,000 | $64,955,000 |
| Dividends Payable | $44,439,000 | $41,119,000 | $39,069,000 | $39,050,000 |
| Accounts Payable | $43,734,000 | $37,757,000 | $34,304,000 | $25,905,000 |
| Other Non Current Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $1,521,543,000 | $1,366,475,000 | $1,253,952,000 | $1,270,225,000 |
| Total Equity Gross Minority Interest | $1,539,904,000 | $1,385,177,000 | $1,274,047,000 | $1,289,906,000 |
| Stockholders Equity | $1,521,543,000 | $1,366,475,000 | $1,253,952,000 | $1,270,225,000 |
| Other Equity Interest | $-3,148,659,000 | $-2,975,642,000 | $-2,817,083,000 | $-2,660,826,000 |
| Retained Earnings | $2,747,006,000 | $2,604,829,000 | $2,466,844,000 | $2,331,190,000 |
| Gains Losses Not Affecting Retained Earnings | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $48,302,944 | $45,687,942 | $43,409,841 | $43,388,742 |
| Share Issued | $48,302,944 | $45,687,942 | $43,409,841 | $43,388,742 |
| Tangible Book Value | $1,521,543,000 | $1,366,475,000 | $1,253,952,000 | $1,270,225,000 |
| Invested Capital | $2,685,357,000 | $2,512,516,000 | $2,389,003,000 | $2,417,736,000 |
| Working Capital | $19,752,000 | $-17,443,000 | $50,808,000 | $270,999,000 |
| Total Capitalization | $2,481,357,000 | $2,181,316,000 | $2,144,003,000 | $2,375,736,000 |
| Minority Interest | $18,361,000 | $18,702,000 | $20,095,000 | $19,681,000 |
| Additional Paid In Capital | $1,922,713,000 | $1,736,831,000 | $1,603,757,000 | $1,599,427,000 |
| Capital Stock | $483,000 | $457,000 | $434,000 | $434,000 |
| Common Stock | $483,000 | $457,000 | $434,000 | $434,000 |
| Current Deferred Revenue | $4,996,000 | $4,277,000 | $6,009,000 | $5,052,000 |
| Line Of Credit | $204,000,000 | $331,200,000 | $245,000,000 | $42,000,000 |
| Investment Properties | $2,473,758,000 | $2,211,253,000 | $2,107,082,000 | $2,118,210,000 |
| Capital Lease Obligations | - | - | - | $0 |
| Long Term Capital Lease Obligation | - | - | - | $0 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $236,563,000 | $207,768,000 | $184,450,000 | $185,340,000 |
| Operating Activities | ||||
| Operating Cash Flow | $236,563,000 | $207,768,000 | $184,450,000 | $185,340,000 |
| Cash Flow From Continuing Operating Activities | $236,563,000 | $207,768,000 | $184,450,000 | $185,340,000 |
| Operating Gains Losses | $-4,120,000 | $-13,341,000 | $-15,203,000 | $-29,873,000 |
| Investing Activities | ||||
| Investing Cash Flow | $-269,149,000 | $-192,315,000 | $-11,630,000 | $197,945,000 |
| Cash Flow From Continuing Investing Activities | $-269,149,000 | $-192,315,000 | $-11,630,000 | $197,945,000 |
| Net Other Investing Changes | $21,221,000 | $-40,965,000 | $-22,160,000 | $39,411,000 |
| Capital Expenditure | - | $-4,069,000 | $-3,743,000 | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $181,533,000 | $142,394,000 | $0 | $0 |
| Financing Cash Flow | $25,708,000 | $-13,568,000 | $-169,719,000 | $-401,254,000 |
| Cash Flow From Continuing Financing Activities | $25,708,000 | $-13,568,000 | $-169,719,000 | $-401,254,000 |
| Net Other Financing Charges | $-4,275,000 | $-10,216,000 | $-1,054,000 | $5,856,000 |
| Cash Dividends Paid | $-169,696,000 | $-156,510,000 | $-156,238,000 | $-161,771,000 |
| Common Stock Dividend Paid | $-169,696,000 | $-156,510,000 | $-156,238,000 | $-161,771,000 |
| Net Common Stock Issuance | $181,533,000 | $142,394,000 | $0 | $-151,951,000 |
| Common Stock Issuance | $181,533,000 | $142,394,000 | $0 | $0 |
| Dividends Received Cfi | $3,664,000 | $402,000 | $3,055,000 | $569,000 |
| Repurchase Of Capital Stock | - | $0 | $0 | $-151,951,000 |
| Other | ||||
| Repayment Of Debt | $-1,022,015,000 | $-438,936,000 | $-576,427,000 | $-318,388,000 |
| Issuance Of Debt | $1,040,161,000 | $449,700,000 | $564,000,000 | $225,000,000 |
| Interest Paid Supplemental Data | $51,497,000 | $55,374,000 | $51,897,000 | $42,659,000 |
| End Cash Position | $19,624,000 | $26,502,000 | $24,617,000 | $21,516,000 |
| Beginning Cash Position | $26,502,000 | $24,617,000 | $21,516,000 | $39,485,000 |
| Changes In Cash | $-6,878,000 | $1,885,000 | $3,101,000 | $-17,969,000 |
| Net Issuance Payments Of Debt | $18,146,000 | $10,764,000 | $-12,427,000 | $-93,388,000 |
| Net Long Term Debt Issuance | $18,146,000 | $10,764,000 | $-12,427,000 | $-93,388,000 |
| Long Term Debt Payments | $-1,022,015,000 | $-438,936,000 | $-576,427,000 | $-318,388,000 |
| Long Term Debt Issuance | $1,040,161,000 | $449,700,000 | $564,000,000 | $225,000,000 |
| Net Investment Properties Purchase And Sale | $-294,034,000 | $-151,752,000 | $7,475,000 | $157,965,000 |
| Sale Of Investment Properties | $0 | $6,179,000 | $57,031,000 | $168,958,000 |
| Purchase Of Investment Properties | $-294,034,000 | $-157,931,000 | $-49,556,000 | $-10,993,000 |
| Change In Working Capital | $7,260,000 | $245,000 | $5,325,000 | $-2,697,000 |
| Change In Other Working Capital | $1,713,000 | $-1,140,000 | $101,000 | $412,000 |
| Change In Other Current Assets | $57,000 | $-1,900,000 | $-705,000 | $-3,534,000 |
| Change In Payables And Accrued Expense | $5,490,000 | $3,285,000 | $5,929,000 | $425,000 |
| Change In Payable | $5,490,000 | $3,285,000 | $5,929,000 | $425,000 |
| Change In Account Payable | $5,490,000 | $3,285,000 | $5,929,000 | $425,000 |
| Other Non Cash Items | $6,116,000 | $8,600,000 | $-14,631,000 | $72,916,000 |
| Stock Based Compensation | $5,576,000 | $4,182,000 | $4,605,000 | $8,613,000 |
| Depreciation Amortization Depletion | $80,944,000 | $71,443,000 | $69,973,000 | $70,880,000 |
| Depreciation And Amortization | $80,944,000 | $71,443,000 | $69,973,000 | $70,880,000 |
| Depreciation | $80,944,000 | $71,443,000 | $69,973,000 | $70,880,000 |
| Earnings Losses From Equity Investments | $-3,664,000 | $-6,663,000 | $-555,000 | $-569,000 |
| Gain Loss On Investment Securities | $-456,000 | $-6,678,000 | $-14,721,000 | $-28,342,000 |
| Net Income From Continuing Operations | $140,787,000 | $136,639,000 | $134,381,000 | $65,501,000 |
| Common Stock Payments | - | $0 | $0 | $-151,951,000 |
| Net PPE Purchase And Sale | - | $-4,069,000 | $-3,743,000 | $0 |
| Purchase Of PPE | - | $-4,069,000 | $-3,743,000 | $0 |
| Pension And Employee Benefit Expense | - | $0 | $0 | $-1,113,000 |
| Net Business Purchase And Sale | - | - | - | $0 |
| Purchase Of Business | - | - | - | $0 |
| Net Short Term Debt Issuance | - | - | - | - |
| Short Term Debt Payments | - | - | - | - |
| Short Term Debt Issuance | - | - | - | - |