secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000877860-25-000136
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NHI Q2 Normalized FFO $1.22 beats, raises FY guidance, increases dividend
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- Q2 Normalized FFO per share $1.22 vs $1.18; NAREIT FFO $1.19 vs $1.18; net income $0.79 vs $0.81.
- FY 2025 Normalized FFO guidance raised to $4.78-$4.82 (from $4.68-$4.73); NAREIT FFO guidance lowered to $4.46-$4.50 due to non-cash write-offs.
- Acquired $63.5M memory care portfolio in Nebraska (8% yield, 15-year lease); funded $28M construction loan at 9%.
- Terminated Discovery lease for 6 facilities (net $125.7M) effective Aug 1; transitioned to SHOP; expects $8.8M rent reduction including $12.1M write-off.
- CEO announced quarterly dividend increase (amount TBD); balance sheet: net debt/EBITDA 3.9x; $315.8M ATM capacity; repaid $75.7M Fannie Mae.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000087786025000136/0000877860-25-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000087786025000136/nhi-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000877860-25-000136

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