{"schema_version":"secwatch.filing_event.v1","accession":"0000877860-25-000096","form_type":"8-K","ticker":"NHI","cik":"0000877860","company_name":"NATIONAL HEALTH INVESTORS INC","filed_at":"2025-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.555007+00:00","generated_at":"2026-05-22T21:41:58.844287+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NHI Q1 EPS $0.74, NAREIT FFO $1.14; raises 2025 guidance mid-point","bullets":["Net income per diluted share $0.74 vs $0.71 YoY; NAREIT FFO $1.14 vs $1.10; Normalized FFO $1.15 vs $1.12.","2025 guidance raised: NAREIT FFO now $4.64-$4.70, Normalized FFO $4.68-$4.73, Normalized FAD $223.8M-$226.4M.","Q1 investments of $67.5M in two assisted living facilities (CO, NJ) at ~8% initial yield; April Nebraska portfolio $63.5M at 8.0%.","SHOP NOI $3.1M (+4.9% YoY); CEO expects 12%-15% SHOP NOI growth for full year.","Balance sheet: net debt to adjusted EBITDA at low end of 4.0x-5.0x target; $1.3B net debt; $409M ATM capacity."],"urls":{"canonical":"https://secwatch.observer/filing/0000877860-25-000096","json":"https://secwatch.observer/filing/0000877860-25-000096.json","markdown":"https://secwatch.observer/filing/0000877860-25-000096.md","text":"https://secwatch.observer/filing/0000877860-25-000096.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/877860/000087786025000096/0000877860-25-000096-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/877860/000087786025000096/nhi-20250505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T21:41:58.844287+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}