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Jun 30, 2020
NHI Q2 2020 Earnings Report
Net income increased by 7.6% and AFFO increased by 7.1% year-over-year.
Key Takeaways
National Health Investors, Inc. reported a net income of $0.99 per diluted share and AFFO of $1.35 per diluted share for the second quarter of 2020. The company completed $192.4 million in real estate and mortgage note investments and maintained a low leverage balance sheet.
GAAP net income attributable to common stockholders of $0.99 for the second quarter.
AFFO of $1.35 for the second quarter.
Completed $192.4 million in real estate and mortgage note investments.
Maintained low leverage balance sheet at 4.8x net debt-to-annualized adjusted EBITDA.
NHI
NHI
Forward Guidance
NHI's operators performed well considering the COVID challenges, and the balance sheet is in good shape with no significant debt maturities until 2022. Move-ins are happening while move-outs are slowing, resulting in improved occupancy trends.