earnings
confidence high
sentiment positive
materiality 0.75
NHI Q3 EPS $0.78 beats prior year; NAREIT FFO declines to $1.04 from $1.16
NATIONAL HEALTH INVESTORS INC
2022-Q3 EPS reported
$1.43
revenue$207,524,000
- Net income per diluted share $0.78 (up from $0.67 YoY); Normalized FFO $1.06 (down from $1.15).
- Repurchased ~1.3M shares for ~$82M in Q3; YTD ~2.5M shares for ~$152M.
- Disposed two senior housing and seven skilled nursing properties for net proceeds ~$60.1M in Q3.
- Collected 98% of contractual cash rent in Q3; granted $1.4M rent deferrals.
- Reiterates 2022 annual guidance range; leverage at 4.5x well within target.