secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000877860-23-000087
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000087786023000087/0000877860-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000087786023000087/nhi-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000877860-23-000087

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