---
schema_version: "secwatch.filing_event.v1"
accession: "0000877860-24-000048"
form_type: "8-K"
ticker: "NHI"
cik: "0000877860"
company_name: "NATIONAL HEALTH INVESTORS INC"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:41:51.294100+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NHI Q1 Normalized FFO $1.12/share vs $1.11 YoY; full-year guidance raised

## Summary
- Q1 diluted EPS $0.71 (vs $0.79); NAREIT FFO $1.10 (vs $1.16); Normalized FFO $1.12 (vs $1.11).
- Full-year 2024 guidance raised: NAREIT FFO $4.36-$4.41; Normalized FFO $4.37-$4.43; Normalized FAD $196.7-$199.2M.
- Collected $2.3M deferred rent in Q1; Bickford annual rent reset to $34.5M up from $31.4M.
- SHOP NOI $2.9M (+$1.0M YoY); occupancy at SLC 83.1%, Bickford 85.8%, SHOP 86.3% in March.
- Net debt $1.1B; leverage 4.4x; $25M board-approved capex at ~8% yield; pipeline >$300M with LOIs >$100M at >8%.

## SEC filing metadata
- accession: 0000877860-24-000048
- form_type: 8-K
- ticker: NHI
- cik: 0000877860
- company_name: NATIONAL HEALTH INVESTORS INC
- filed_at: 2024-05-06T23:59:59+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/877860/000087786024000048/0000877860-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/877860/000087786024000048/nhi-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000877860-24-000048
- JSON: https://secwatch.observer/filing/0000877860-24-000048.json
- Plain text: https://secwatch.observer/filing/0000877860-24-000048.txt

## Key facts
- Earnings Releases
  NATIONAL HEALTH INVESTORS INC reported three months ended March 31, 2024 results: EPS $0.71. Guidance raised.
  - Period: three months ended March 31, 2024
  - EPS: $0.71
  - Guidance: raised
  - Result: reported results
  source text: Net income attributable to common stockholders per diluted common share for the three months ended March 31, 2024 was $0.71 compared to $0.79 during the same period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/877860/000087786024000048/0000877860-24-000048-index.htm

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