NHI reports Q2 net income $0.92/share, cuts full-year Normalized FFO guidance

NATIONAL HEALTH INVESTORS INC

2023-Q2 EPS reported $1.71 revenue$160,264,000

Net income per diluted share $0.92 (vs $0.47); NAREIT FFO $1.05 (vs $0.71); Normalized FFO $1.06 (vs $1.27).
Normalized FAD Q2 $44.6M (vs $56.3M); six-month $92.3M (vs $109.0M).
FY2023 Normalized FFO guidance cut to $4.31-$4.35 from $4.37-$4.42; FAD guidance cut to $185-$186.8M from $186.3-$188.9M.
Sold six properties in Q2 for net proceeds ~$39.1M; one more in Q3 for ~$2.9M.
Net debt to adj. EBITDA 4.6x; $196M drawn on $700M revolver; new $200M term loan placed.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

NATIONAL HEALTH INVESTORS INC reported three and six months ended June 30, 2023 results: EPS Net income attributable to common stockholders per diluted common share for the three months ended June 30, 2023 was $0.. Guidance reaffirmed.

Period: three and six months ended June 30, 2023
EPS: Net income attributable to common stockholders per diluted common share for the three months ended June 30, 2023 was $0.
Guidance: reaffirmed
Result: reported results

Exact text from the filing

NHI Announces Second Quarter 2023 Results MURFREESBORO, Tenn. – (August 8, 2023) National Health Investors, Inc. (NYSE:NHI) announced today its results for the three and six months ended June 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NATIONAL HEALTH INVESTORS INC reported 2023 results: EPS Normalized FFO per share to $4.31 - $4.35 from $4.37 - $4.42. Guidance lowered.

Period: 2023
EPS: Normalized FFO per share to $4.31 - $4.35 from $4.37 - $4.42
Guidance: lowered
Result: guidance update

Exact text from the filing

NHI is revising its 2023 annual guidance range for Normalized FFO per share to $4.31 - $4.35 from $4.37 - $4.42 and is revising Normalized FAD to a range of $185.0 million - $186.8 million from $186.3 million - $188.9 million.

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Source: SEC EDGAR

accession 0000877860-23-000087

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