---
schema_version: "secwatch.filing_event.v1"
accession: "0000877860-26-000054"
form_type: "8-K"
ticker: "NHI"
cik: "0000877860"
company_name: "NATIONAL HEALTH INVESTORS INC"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:58:45.323077+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NHI Q4 Normalized FFO $1.22/share, 2026 guidance $4.94-$4.99

## Summary
- Q4 GAAP EPS $0.80 (vs $0.95 prior yr); NAREIT FFO $1.22; Normalized FFO $1.22 (vs $1.12).
- FY 2025 Normalized FFO $4.91/share (vs $4.44), exceeding initial guidance midpoint by ~6%.
- 2026 guidance: NAREIT/Normalized FFO $4.94-$4.99, Normalized FAD $248.9M-$251.4M.
- Total 2025 investments $392.3M; Feb 2026 acquired 9-property SHOP portfolio for $105.5M.
- Net debt/Adj EBITDA 3.8x; $315.8M ATM availability; $110.6M LOI pipeline at ~7.5% yield.

## SEC filing metadata
- accession: 0000877860-26-000054
- form_type: 8-K
- ticker: NHI
- cik: 0000877860
- company_name: NATIONAL HEALTH INVESTORS INC
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/877860/000087786026000054/0000877860-26-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/877860/000087786026000054/nhi-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000877860-26-000054
- JSON: https://secwatch.observer/filing/0000877860-26-000054.json
- Plain text: https://secwatch.observer/filing/0000877860-26-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.