secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTH INVESTORS INC (NHI)
CIK:        0000877860
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0000877860-26-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/877860/000087786026000054/0000877860-26-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/877860/000087786026000054/nhi-20260226.htm
  HTML page:      https://secwatch.observer/filing/0000877860-26-000054

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