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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.
NHI
NHI
Forward Guidance
NHI expects dispositions to be at the upper end of their target of $250 million - $400 million.