Quarterly ResultMay 4, 2026, 04:14 PM
National Health Investors Q1 FFO $1.23; Lowers 2026 Guidance; $560M Sale
AI Summary
National Health Investors, Inc. reported a solid start to 2026 with Q1 diluted Net Income per share increasing 10.8% to $0.82 and NAREIT FFO per diluted share rising 7.9% to $1.23, exceeding internal expectations. However, the company lowered its full-year 2026 NAREIT FFO guidance to $4.74-$4.79 per share. Key strategic activities included the announced sale of its NHC leased portfolio for $560.0 million and the acquisition of two senior housing portfolios totaling $212.4 million.
Key Highlights
- Announced sale of NHC leased portfolio for $560.0 million, expected to close July 1, 2026.
- Q1 diluted Net Income per share increased 10.8% to $0.82.
- Q1 NAREIT FFO per diluted share increased 7.9% to $1.23.
- Q1 Normalized FAD increased 11.6% to $62.5 million.
- Updated 2026 full-year NAREIT FFO guidance lowered to $4.74-$4.79 per share.
- Acquired 9 assisted living facilities for $105.5 million in February 2026.
- Acquired 7 senior housing properties for $106.9 million in May 2026.
- Same-store SHOP resident fees and services, less operating expenses, declined 2.4%.
Price Impact
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