Welcome to our dedicated page for National Health Investors news (Ticker: NHI), a resource for investors and traders seeking the latest updates and insights on National Health Investors stock.
National Health Investors, Inc. (NYSE: NHI) is a real estate investment trust (REIT) established in 1991, specializing in sale-leasebacks, joint ventures, and both mortgage and mezzanine financing. The company's primary focus is on need-driven and discretionary senior housing and medical investments.
NHI's diverse portfolio comprises various types of facilities including independent living, assisted living, and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings, and specialty hospitals. The company operates through two main segments: Real Estate Investments and the Senior Housing Operating Portfolio (SHOP). The Real Estate Investments segment includes investments in real estate leases, mortgages, and other notes receivables related to independent living, assisted living, and skilled nursing facilities among others. The SHOP segment involves ventures that own and operate independent living facilities, realizing revenue from rental, mortgage interest income, and resident fees and services.
Financially, NHI has demonstrated resilience and growth. As of the end of 2023, NHI maintained a robust balance sheet with $1.1 billion in net debt and leverage at just 4.4 times net debt-to-adjusted EBITDA. This strong financial profile is enhanced by investment-grade credit ratings from Moody's, S&P Global, and Fitch Ratings. NHI's financial health was further highlighted by the company exceeding its 2023 guidance for NAREIT FFO, NFFO, and FAD.
Recent achievements include a successful fourth quarter in 2023 with over $2.0 million in deferral repayments, no unexpected rent concessions, and substantial growth in the SHOP segment. The company has continued this momentum into 2024, generating notable revenue growth and maintaining high occupancy rates across its facilities. Looking ahead, NHI has a pipeline exceeding $300 million, with a significant portion already under letters of intent, ensuring ongoing investment and growth opportunities.
In February 2024, NHI announced a new stock repurchase plan totaling $160 million, reflecting its commitment to returning value to shareholders. The company also maintains a substantial revolving credit facility, offering significant liquidity for future investments and operational needs.
Partnerships and Programs:
- Strategic partnerships with senior housing operators.
- Joint ventures for operational and financial synergy.
- Investment in high-yield real estate opportunities.
NHI’s commitment to long-term growth and stable financial health, combined with its strategic investment in senior housing and medical facilities, positions it as a vital player in the healthcare real estate market.
For more information, visit www.nhireit.com.
National Health Investors (NHI) reported its financial results for Q3 and the nine months ended September 30, 2020. Net income per diluted share for Q3 was $0.95, a decrease of 2.1% year-over-year. However, net income for the nine months increased by 21.7% to $3.31, boosted by $21 million in real estate gains. Occupancy rates in senior housing have declined, though at a slower rate than earlier in the pandemic. NHI has engaged in rent deferrals with tenants, particularly Bickford, to address COVID-19 impacts. As of October 31, NHI reported $252 million in availability under its revolver and $38.2 million in cash.
National Health Investors (NYSE: NHI) plans to release its third-quarter earnings for the period ending September 30, 2020, on November 9, 2020, after market close. A conference call is scheduled for November 10, 2020, at 12 p.m. Eastern Time to discuss the results. Investors can join the call by dialing (800) 754-1391, using confirmation number 21970511. The live broadcast will be accessible online and will be available for replay for one year.
For further details about NHI's focus on senior housing and medical investments, visit www.nhireit.com.
National Health Investors, Inc. (NHI) declared a third quarter dividend of $1.1025 per common share, payable on November 6, 2020, to shareholders on record as of September 30, 2020. As a real estate investment trust, NHI focuses on senior housing and medical investments through sale-leaseback and financing methods. The company emphasizes its commitment to maintaining its REIT status and navigating operational challenges, especially those arising from the ongoing impact of COVID-19 on its investments.
National Health Investors (NYSE:NHI) will hold virtual meetings with institutional investors on September 2, 2020, as part of the BMO 2020 Real Assets Conference. Founded in 1991, NHI specializes in real estate investment trusts focusing on senior housing and medical investments, including skilled nursing facilities and medical office buildings. The company aims to provide detailed insights into its operations and portfolio during the conference. For more information, visit www.nhireit.com.
National Health Investors reported a GAAP net income of $0.99 per diluted share for Q2 2020, reflecting a 7.6% year-on-year increase. The company achieved Funds From Operations (FFO) of $1.46 per share and Normalized AFFO of $1.35 per share, both showing positive growth. Total investments in real estate reached $192.4 million.
The company maintained a low leverage ratio of 4.8x net debt-to-annualized adjusted EBITDA, while occupancy rates showed early recovery signs amidst COVID-19 challenges.
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