secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0000877860-23-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NHI Q3 Normalized FFO $1.08; revises 2023 guidance; occupancy improves
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- Net income per diluted share $0.68 (Q3 2023) vs $0.78 prior year; Normalized FFO $1.08 vs $1.06.
- Revised 2023 Normalized FFO guidance to $4.28-$4.31 (from $4.31-$4.35); Normalized FAD raised to $186M-$187.6M.
- Occupancy improved: Bickford 84.8% (Sep vs 84.7% prior year), SHOP 81.2% (vs 76.6%).
- Net debt/EBITDA 4.4x; $205M drawn on $700M revolver; $50M private notes repaid.
- Portfolio: $25M mezzanine loan amended at 10%; sold three ALFs for $5.4M cash plus $1.6M financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000087786023000110/0000877860-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000087786023000110/nhi-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000877860-23-000110

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