| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 37.06 | 165.8% |
| Total Income | 37.06 | 165.8% |
| Expenditure | -3.04 | 85.0% |
| PBT | — | |
| Net Profit | 40.10 | 17.4% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 0.83 | 10.7% |
NHI Announces Q1 2026 Results; NAREIT FFO per diluted share increased 7.9%
05 May 2026 · 5 May, 1:44 am
Summary
National Health Investors, Inc. announced its results for the quarter ended March 31, 2026. Net income attributable to common stockholders per diluted share increased by 10.8% to $0.82 per share. NAREIT FFO per diluted share increased by 7.9% to $1.23 per share. The company updated its 2026 full year guidance range for NAREIT FFO per diluted share from a range of $4.94 - $4.99 to a range of $4.74 - $4.79. The company also announced the sale of the entire portfolio of real estate properties leased to NHC for $560.0 million.
Key Highlights
- 1
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.
- 2
NAREIT FFO per diluted share for the quarter ended March 31, 2026 increased by 7.9% to $1.23 per share compared to $1.14 per share for the same period in the prior year.
- 3
Normalized FFO per diluted share for the quarter ended March 31, 2026 increased by 7.0% to $1.23 per share compared to $1.15 per share for the same period in the prior year.
- 4
Normalized FAD for the quarter ended March 31, 2026 increased by 11.6% to $62.5 million compared to $56.0 million for the same period in the prior year.
- 5
Rental income increased $4.3 million, or 6.2%, primarily due to $4.0 million of increased rental income from real estate properties in the Real Estate Investments segment that were acquired since January 1, 2025.
- 6
The Company executed a purchase and sale agreement to sell the entire portfolio of real estate properties leased to NHC for $560.0 million in net cash consideration.
- 7
The Company updated its 2026 full year guidance range for NAREIT FFO per diluted share from a range of $4.94 - $4.99 to a range of $4.74 - $4.79.
Management Comments
Eric Mendelsohn
“NHI reported a solid start to 2026, with NAREIT FFO, Normalized FFO and FAD exceeding our internal expectations.” “During the quarter, we continued to expand our Senior Housing Operating Portfolio (“SHOP”), with first quarter invested capital of $742.5 million, a 106% increase from the prior year period. While same-store SHOP performance was impacted by near-term operating headwinds, we remain focused on executing our strategy and see solid performance from our recent SHOP additions. We also announced the acquisition of a seven-property portfolio for $106.9 million, which we expect to be accretive and to further support our growth.” “Year-to-date, we have announced $212.4 million of investments and continue to evaluate additional opportunities. Following the pending sale of the NHC portfolio, we expect pro forma leverage to decline below our target range, providing additional financial flexibility. We remain focused on expanding our private-pay senior housing portfolio and believe our positioning supports our longer-term growth objectives,” concluded Mr. Mendelsohn.
Informational and educational content only. Not investment advice.