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 (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.
National Health Investors (NYSE:NHI) declared a first-quarter dividend of $1.1025 per common share, payable on May 7, 2021, to shareholders on record as of March 31, 2021. This announcement reinforces the company's commitment to providing consistent returns to its investors. The firm specializes in real estate investments in senior housing and medical facilities, serving a crucial sector in healthcare. As of this announcement, NHI continues to navigate the complexities posed by the ongoing impacts of the COVID-19 pandemic on its operations.
National Health Investors announced its financial results for Q4 and the full year ended December 31, 2020. Net income per diluted share for Q4 decreased by 12.6% to $0.83, while annual net income rose by 12.8% to $4.14, boosted by $21.3 million in real estate sales. Normalized FFO for Q4 decreased by 2.8% to $1.37, but annual figures increased by 1.8% to $5.60. Despite challenges from the COVID-19 pandemic, the company collected 93.9% of contractual cash in Q4 and increased its dividend by 5%. NHI remains optimistic about recovery and has raised $400 million through public bond offerings.
National Health Investors, Inc. (NHI) will release its fourth quarter results for 2020 on February 22, 2021, post-market close. A conference call is scheduled for February 23, 2021, at 12:00 p.m. ET to discuss these results. Interested parties can call (888) 222-6529 using the confirmation number 21989300 to join the call. The live broadcast will be accessible online, with a replay available for one year afterward.
NHI focuses on real estate investment in senior housing and medical facilities, reflecting its expertise in sale-leaseback and mortgage financing.
National Health Investors (NHI) has priced an offering of $400 million in 3.00% Senior Notes due in 2031. The notes will be offered at 99.196% of par value, with interest payable semi-annually starting on August 1, 2021. NHI intends to use proceeds to repay a $100 million senior unsecured term loan and reduce borrowings under a $550 million revolving credit facility, with additional funds allocated to general corporate purposes. The offering is expected to close on January 26, 2021.
National Health Investors (NYSE:NHI) has declared a fourth-quarter dividend of $1.1025 per share, scheduled for payment on January 29, 2021, to shareholders recorded by December 31, 2020. This dividend reflects the company’s ongoing commitment to return value to its investors.
NHI operates as a real estate investment trust, focusing on a diverse portfolio that includes senior housing and medical investments. Informed investors should monitor the company’s periodic reports for potential risks and financial performance metrics.
National Health Investors (NYSE:NHI) has announced a $22.2 million development loan to construct The Courtyard of Sussex, a 110-unit community in Sussex, WI, offering independent and assisted living as well as memory care services. The loan has an 8.5% interest rate and includes two one-year extensions, with construction starting immediately and expected completion in 18 months. NHI holds a purchase option on the property once stabilized. This project will be operated by 41 Management, which partners with NHI across eight properties.
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