DivestmentMay 4, 2026, 04:14 PM
National Health Investors to Sell NHC Portfolio for $560M; Q1 EPS $0.82
AI Summary
National Health Investors announced an agreement to sell its entire portfolio of 35 properties leased to NHC for $560.0 million, with the transaction expected to close on July 1, 2026. For the first quarter of 2026, the company reported a significant increase in total revenues and net income. Diluted earnings per share also rose compared to the prior year. The company also completed an acquisition of 9 ALF properties and a disposition of one SLC property during the quarter.
Key Highlights
- Agreed to sell entire NHC leased portfolio (32 SNFs, 3 ILFs) for $560.0 million, closing July 1, 2026.
- Q1 2026 diluted EPS increased 10.8% to $0.82 from $0.74 in Q1 2025.
- Total revenues for Q1 2026 rose 28.9% to $115.1 million from $89.3 million in Q1 2025.
- Net income attributable to common stockholders for Q1 2026 was $40.0 million, up 17.3% YoY.
- Acquired 9 ALF properties in the SHOP segment for $105.5 million during Q1 2026.
- Disposed of one SLC property for $6.7 million in net proceeds, realizing a $2.5 million gain.
- Total assets as of March 31, 2026, were $2.89 billion, up from $2.80 billion at Dec 31, 2025.
- Net cash provided by operating activities increased 15.0% to $53.4 million in Q1 2026.