secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0000877860-25-000185
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NHI Q3 Normalized FFO $1.32/share, up 28% YoY; raises full-year guidance third time
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- Net income $0.69/diluted share vs $0.65 YoY; NAREIT FFO $1.09 vs $1.03.
- Normalized FFO $1.32 vs $1.03 YoY driven by SHOP NOI growth of ~63%.
- Raised 2025 NAREIT FFO guidance to $4.62-$4.65 from $4.46-$4.50; Normalized FFO to $4.88-$4.91.
- Acquired four SHOP properties for $74.3M and a CCRC for $52.5M in October; pipeline $195M under LOI.
- Net debt/adjusted EBITDA 3.6x; issued $350M 5.35% senior notes due 2033.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000087786025000185/0000877860-25-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000087786025000185/nhi-20251106.htm
  HTML page:      https://secwatch.observer/filing/0000877860-25-000185

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