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Sep 30, 2022
NHI Q3 2022 Earnings Report
Announced results for the third quarter of 2022, with net income per diluted share increasing and strategic dispositions completed.
Key Takeaways
National Health Investors reported a positive third quarter, exceeding expectations due to stronger collections and strategic portfolio optimization. The company completed significant asset dispositions and share repurchases, while navigating a challenging operating environment with elevated labor costs.
Net income attributable to common stockholders per diluted common share increased to $0.78, compared to $0.67 in the prior year.
Completed the disposition of two senior housing properties for $16.4 million and seven skilled nursing facilities for $43.7 million.
Repurchased approximately 1.3 million shares for approximately $82 million.
Collections remained strong, with approximately 98% of contractual cash due collected during the quarter.
NHI
NHI
Forward Guidance
NHI reiterates the 2022 annual guidance range provided on August 8, 2022, while anticipating continued challenges from the operating environment and plans to use deferrals, rent restructurings, and asset dispositions to support operators.