secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0000877860-25-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NHI Q4 net income $0.95/diluted share; introduces 2025 FFO guidance $4.59-$4.66
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000087786025000028/0000877860-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000087786025000028/nhi-20250225.htm
  HTML page:      https://secwatch.observer/filing/0000877860-25-000028

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