secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000877860-23-000067
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000087786023000067/0000877860-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000087786023000067/nhi-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000877860-23-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer