earnings
confidence high
sentiment negative
materiality 0.80
NHI Q1 EPS +11% to $0.82 but cuts FY2026 FFO guidance to $4.74-$4.79
NATIONAL HEALTH INVESTORS INC
2026-Q1 EPS reported
$0.82
revenue$115,130,000
- Net income per diluted share $0.82 (+10.8% YoY); NAREIT FFO $1.23 (+7.9%).
- Normalized FFO guidance cut from $4.94-$4.99 to $4.74-$4.79; Normalized FAD lowered to $240.6-$243.7M.
- Agreed to sell NHC-leased portfolio (32 SNFs + 3 ILFs) for $560M net cash, expected close July 1, 2026.
- Year-to-date invested $212.4M including $106.9M for seven CO senior housing properties (May 2026).
- Same-store SHOP NOI declined 2.4% on occupancy headwinds; leverage 4.0x within target.