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.
FAQ
What is the current stock price of National Health Investors (NHI)?
What is the market cap of National Health Investors (NHI)?
What types of properties are included in NHI's portfolio?
How does NHI generate its revenue?
What are the main segments of NHI's operations?
How has NHI performed financially in recent years?
What recent achievements has NHI made?
What is the 2024 stock repurchase plan?
What are NHI's plans for future investments?
How does NHI maintain its financial stability?
Who comprises NHI’s primary tenant base?
How can investors learn more about NHI?
