earnings
confidence high
sentiment positive
materiality 0.80
NHI Q4 net income $0.95/diluted share; introduces 2025 FFO guidance $4.59-$4.66
NATIONAL HEALTH INVESTORS INC
2024-FY EPS reported
$3.13
revenue$335,181,000
- Q4 2024 NAREIT FFO per diluted share $1.24 (up from $1.09 YoY); Normalized FFO $1.12 vs $1.09.
- Full-year 2024 normalized FFO $4.44 (up from $4.33 YoY); Normalized FAD $204.2M vs $187.8M.
- 2025 guidance: NAREIT/Normalized FFO per diluted share $4.59-$4.66; assumes $225M new investments at 8.1% yield.
- Closed $237.5M in acquisitions in 2024 (most active since 2019); signed LOIs for $152.3M at ~8.2% yield.
- SHOP occupancy reached 90% in Jan 2025 vs 84.4% a year ago; SLM credit loss reserve $14.8M on non-performing loans.