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, Inc. (NHI) will release its second-quarter results for the period ending June 30, 2021, after market close on August 9, 2021. Following the earnings release, NHI will host a conference call on August 10, 2021, at 12 p.m. Eastern Time to discuss the results. Investors can join the call at (800) 952-1438 with confirmation number 21995595. The conference will also be available via live broadcast online. NHI is a real estate investment trust that focuses on senior housing and medical investments.
National Health Investors (NYSE:NHI) has furthered its partnership with Navion Senior Solutions by investing approximately $13.2 million in various projects. This includes acquiring a 48-unit assisted living and memory care community in Manchester, TN, for $6.6 million at a 7.5% initial yield. NHI also funded a $3.0 million expansion at a community in Durham, NC, and provided a $3.6 million corporate loan to Navion, with both financing options set at 8.0% interest. The investments aim to enhance Navion's service offerings in the Southeast.
National Health Investors (NYSE:NHI) has announced a deferral agreement with Holiday Retirement, postponing $600,000 monthly rent for May to July 2021 while utilizing part of Holiday's security deposit. NHI collected 87.1% of its contractual cash for May and 86.2% for the second quarter. The company declared a dividend of $0.90 per share, marking an 18.4% reduction from the previous quarter, saving approximately $28 million. The board emphasizes maintaining a conservative capital structure to navigate the pandemic impact and ensure future growth.
National Health Investors (NYSE: NHI) announced a $40.3 million investment for the acquisition of Brookhaven Hospital, a 64-bed behavioral health facility in Tulsa, OK. The hospital specializes in treating traumatic brain injuries and is leased to Vizion Health under a 15-year lease at an initial rate of 8.5%. NHI also provided a $20 million corporate loan to Vizion to support its acquisition of Brookhaven NeuroNetwork. NHI has committed an additional $2 million for capital improvements over the next two years.
On May 10, 2021, National Health Investors reported a 43.1% decrease in net income per diluted share to $0.78 for Q1 2021, compared to the previous year. Key factors included a $21 million gain in Q1 2020 and $4.2 million in rent deferrals. The company collected 94.3% of cash due for the quarter. Despite challenges, occupancy rates showed initial recovery trends. NHI secured a $50 million mezzanine loan for medical real estate investments and maintained a strong liquidity position with $37.4 million in cash. The company will discuss further results in a conference call on May 11.
National Health Investors (NHI) plans to release its first-quarter results for the period ending March 31, 2021, following market close on May 10, 2021. A conference call to discuss these results will occur on May 11, 2021, at 12 p.m. Eastern Time. Investors can join the call by dialing (800) 945-0427, using confirmation number 21993287. The call will be broadcasted live online and available for replay for one year. NHI specializes in senior housing and medical investments, including diverse healthcare properties.
National Health Investors (NYSE: NHI) has entered into a $50 million mezzanine loan agreement with Montecito Medical Real Estate for the Montecito Two Rivers Fund. This fund aims to invest in medical real estate across the U.S., targeting up to $200 million in assets. NHI will earn a 9.5% interest rate on the loan, with an additional 2.5% accruing for future capital events. The loan term is five years, with the first investments expected by Q2 2021. This partnership underscores NHI's strategic focus on healthcare real estate.
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