---
schema_version: "secwatch.filing_event.v1"
accession: "0000877860-24-000081"
form_type: "8-K"
ticker: "NHI"
cik: "0000877860"
company_name: "NATIONAL HEALTH INVESTORS INC"
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:43:00.999239+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NHI Q3 normalized FFO $1.03; cuts 2024 guidance on SLM credit loss and lower revenue

## Summary
- Net income per diluted share Q3 $0.65 (vs $0.68 YoY); Normalized FFO $1.03 (vs $1.08).
- 2024 guidance lowered: NAREIT FFO now $4.39-$4.41 (prev $4.50-$4.54); Normalized FFO $4.43-$4.44 (prev $4.52-$4.56).
- Credit loss reserve increased $3.6M for non-performing loans from Senior Living Management (SLM). SLM transitioned four leased properties; foreclosure initiated on $10M mortgage note.
- Acquired 10 assisted living/memory care in NC for $121M at 8.25% yield; signed LOIs for $59.8M at ~8.8% yield. SHOP occupancy improved to 88.6% (+960 bps YoY).
- Amended credit facility to Oct 2028; settled 1.8M forward shares for $122.4M net. Net debt to adjusted EBITDA within 4.0x-5.0x target.

## SEC filing metadata
- accession: 0000877860-24-000081
- form_type: 8-K
- ticker: NHI
- cik: 0000877860
- company_name: NATIONAL HEALTH INVESTORS INC
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/877860/000087786024000081/0000877860-24-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/877860/000087786024000081/nhi-20241105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000877860-24-000081
- JSON: https://secwatch.observer/filing/0000877860-24-000081.json
- Plain text: https://secwatch.observer/filing/0000877860-24-000081.txt

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