---
schema_version: "secwatch.filing_event.v1"
accession: "0000877860-23-000067"
form_type: "8-K"
ticker: "NHI"
cik: "0000877860"
company_name: "NATIONAL HEALTH INVESTORS INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T11:19:54.315385+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NHI Q1 2023 normalized FFO $1.11/share; raises full-year guidance above prior range

## Summary
- Net income $0.79 diluted EPS vs $0.18 YoY; NAREIT FFO $1.16 vs $1.05; Normalized FFO $1.11 vs $1.10.
- Raises 2023 normalized FFO guidance to $4.37-$4.42 from $4.24-$4.30; Normalized FAD guidance to $186.3-$188.9M.
- Acquired two Silverado memory care communities for $37.5M and a Bickford community for $17.3M in Q1.
- Net debt to adjusted EBITDA at 4.6x; $215M drawn on $700M revolver; $500M ATM availability.
- Average occupancy: SLC same-store 83.0%, Bickford 81.2%, SHOP 75.2% in March 2023.

## SEC filing metadata
- accession: 0000877860-23-000067
- form_type: 8-K
- ticker: NHI
- cik: 0000877860
- company_name: NATIONAL HEALTH INVESTORS INC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/877860/000087786023000067/0000877860-23-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/877860/000087786023000067/nhi-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000877860-23-000067
- JSON: https://secwatch.observer/filing/0000877860-23-000067.json
- Plain text: https://secwatch.observer/filing/0000877860-23-000067.txt

## Key facts
- Earnings Releases
  NATIONAL HEALTH INVESTORS INC reported for the three months ended March 31, 2023 results: EPS $0.79 per diluted common share. Guidance raised.
  - Period: for the three months ended March 31, 2023
  - EPS: $0.79 per diluted common share
  - Guidance: raised
  - Result: reported results
  source text: Net income attributable to common stockholders per diluted common share for the three months ended March 31, 2023 was $0.79 compared to $0.18 during the same period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/877860/000087786023000067/0000877860-23-000067-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.