---
schema_version: "secwatch.filing_event.v1"
accession: "0000877860-26-000136"
form_type: "8-K"
ticker: "NHI"
cik: "0000877860"
company_name: "NATIONAL HEALTH INVESTORS INC"
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-15T00:10:32.175541+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NHI Q1 EPS +11% to $0.82 but cuts FY2026 FFO guidance to $4.74-$4.79

## Summary
- 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.

## SEC filing metadata
- accession: 0000877860-26-000136
- form_type: 8-K
- ticker: NHI
- cik: 0000877860
- company_name: NATIONAL HEALTH INVESTORS INC
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/877860/000087786026000136/0000877860-26-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/877860/000087786026000136/nhi-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000877860-26-000136
- JSON: https://secwatch.observer/filing/0000877860-26-000136.json
- Plain text: https://secwatch.observer/filing/0000877860-26-000136.txt

## Key facts
- Earnings Releases
  NATIONAL HEALTH INVESTORS INC reported the quarter ended March 31, 2026 results: EPS $0.82 per diluted share.
  - Period: the quarter ended March 31, 2026
  - EPS: $0.82 per diluted share
  - Result: reported results
  source text: Net income attributable to common stockholders per diluted share for the quarter ended March 31, 2026 increased by 10.8% to $0.82 per share compared to $0.74 per share for the same period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/877860/000087786026000136/0000877860-26-000136-index.htm
- Earnings Releases
  NATIONAL HEALTH INVESTORS INC updated its 2026 full year guidance (lowered).
  - Period: 2026 full year
  - Guidance: lowered
  - Result: guidance update
  source text: NHI is updating its 2026 full year guidance range as follows: • NAREIT FFO per diluted share from a range of $4.94 - $4.99 to a range of $4.74 - $4.79; • Normalized FFO per diluted share from a range of $4.94 - $4.99 to a range of $4.74 - $4.79; and • Normalized FAD from a range of $248.9 million - $251.4 million to a range of $240.6 million - $243.7 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/877860/000087786026000136/0000877860-26-000136-index.htm

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