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Sep 30, 2021
NHI Q3 2021 Earnings Report
Announced results for the three months ended September 30, 2021.
Key Takeaways
National Health Investors, Inc. reported a net income attributable to common stockholders per diluted common share of $0.67 for the three months ended September 30, 2021. Normalized FAD was $51.2 million, and Normalized FFO per diluted common share was $1.15.
Completed dispositions of 19 properties for approximately $216 million.
Reduced tenant concentrations with both Bickford and Holiday.
Balance sheet is in great shape as leverage has been reduced despite tenant deferrals and Holiday’s non-payment of rent.
Full capacity on revolver and little need to issue new equity.
Forward Guidance
NHI expects dispositions to be at the upper end of their target of $250 million - $400 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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