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Sep 30, 2020
NHI Q3 2020 Earnings Report
Announced third quarter results, showing resilience in entrance fee and skilled nursing communities while assisted living, memory care, and independent living operators experienced occupancy declines.
Key Takeaways
National Health Investors, Inc. reported net income attributable to common stockholders per diluted common share of $0.95 for the three months ended September 30, 2020, a decrease of 2.1% from the same period in the prior year. Normalized FFO per diluted common share was $1.42, unchanged from the same period in the prior year. Normalized AFFO per diluted common share was $1.34, an increase of 1.5% over the same period in the prior year.
Collected approximately 96.2% of contractual rents due for the third quarter ended September 30, 2020.
Granted rent concessions to two tenants as a result of the COVID-19 pandemic.
Began discussions with Bickford regarding additional rent deferrals for the fourth quarter of 2020 and first quarter of 2021.
Autumn COVID-19 infection rates are having occupancy impacts to a subset of our senior housing segment which are more pronounced than the impacts saw during the summer.
Revenue by Segment
Forward Guidance
NHI has expected some additional deferrals as we move into 2021 and we’ve worked hard to position the Company and its balance sheet in anticipation of further stresses, but we do not believe these conditions are permanent and the suffered occupancy losses will begin to resolve themselves sometime in 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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