| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 21.18 | 49.0% | 53.8% |
| Total Income | 21.18 | 49.0% | 53.8% |
| Expenditure | -11.69 | 48.7% | 20.9% |
| PBT | — | ||
| Net Profit | 32.86 | 11.2% | 15.1% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.69 | 12.7% | 4.5% |
NHI Reports Q3 2025 Results
04 May 2026 · 4 May, 7:42 am
Summary
National Health Investors, Inc. announced its results for the three and nine months ended September 30, 2025. For the three months ended September 30, 2025, net income attributable to common stockholders per diluted share was $0.69, compared to $0.65 in the prior year. Normalized FFO per diluted share increased to $1.32 from $1.03 in the same period last year. The company is updating its 2025 full year guidance, including NAREIT FFO per diluted share to a range of $4.62 - $4.65.
Key Highlights
- 1
Net income attributable to common stockholders per diluted share for the three months ended September 30, 2025, was $0.69 per share, compared to $0.65 per share during the same period in the prior year.
- 2
NAREIT FFO per diluted share for the three months ended September 30, 2025, was $1.09 per share, compared to $1.03 per share during the same period in the prior year.
- 3
Normalized FFO per diluted share for the three months ended September 30, 2025, was $1.32 per share, compared to $1.03 per share during the same period in the prior year.
- 4
Normalized FAD for the three months ended September 30, 2025, was $62.2 million, compared to $49.4 million during the same period in the prior year.
- 5
The company invested $74.3 million for the acquisition of four properties located in Oklahoma and Oregon on October 1, 2025.
- 6
NHI is updating its 2025 full year guidance range for NAREIT FFO per diluted share to a range of $4.62 - $4.65 from $4.46 - $4.50.
Management Comments
Eric Mendelsohn
“NHI had another strong quarter highlighted by the transition of seven properties to our SHOP portfolio that resulted in consolidated SHOP NOI year-over-year growth of approximately 63%,” “We also announced our first SHOP acquisition for $74.3 million which, combined with the recent transitions, should more than double our SHOP NOI. We have taken measures to improve the performance of our Same Store SHOP portfolio, and we continue to expect significant organic upside from those properties with NOI growth returning to double-digit levels in 2026. Acquisitions continue to meaningfully contribute to our growth, and we have already surpassed last year’s investment activity with $303.2 million announced to date and more expected before the end of the year. The pipeline is in great shape, setting up 2026 for another year of excellent external growth. We believe our strong balance sheet continues to provide NHI a strategic advantage with ample access to capital to fund this growth. We are pleased to increase our guidance for the third time this year and we believe that NHI is well-positioned for several years of excellent growth,”
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