secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000877860-24-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000087786024000048/0000877860-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000087786024000048/nhi-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000877860-24-000048

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