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Dec 31, 2020
NHI Q4 2020 Earnings Report
NHI's financial performance decreased slightly due to the COVID-19 pandemic.
Key Takeaways
National Health Investors (NHI) reported a decrease in net income per share for Q4 2020 compared to the same period in the prior year. The company's normalized FFO per share also decreased slightly, while normalized AFFO per share remained unchanged. Despite challenges posed by the COVID-19 pandemic, NHI highlighted its strong collection rates and investments made during the year.
Net income attributable to common stockholders per diluted common share decreased by 12.6% to $0.83.
Normalized FFO per diluted common share decreased by 2.8% to $1.37.
Normalized AFFO per diluted common share remained unchanged at $1.30.
Collected 93.9% of contractual cash due for the fourth quarter.
NHI
NHI
NHI Revenue by Segment
Revenue by Segment
Rental income Revenue
CapyFin.comInterest income and other Revenue
CapyFin.com Forward Guidance
Due to the uncertain impact of the COVID-19 pandemic on the senior housing and skilled nursing industries, NHI is not providing guidance at this time. They anticipate 2021 will be a challenging year, but the vaccine rollout is expected to have a positive impact on occupancy.
Positive Outlook
- Vaccine rollout is having a positive impact with declining numbers of infected buildings and active resident cases.
- Expect occupancy will inflect at some point in 2021.
- Company is well positioned to weather the storm with multiple levers at its disposal.
- Company is set up for longer term growth.
- Collections remained strong throughout 2020 and into 2021.
Challenges Ahead
- The pandemic has placed a considerable burden on the senior housing and skilled nursing industries.
- Visibility is clouded in the months ahead.
- 2021 will be a more challenging year.
- The road to recovery is uncertain.
- Damage is irreparable and remain steadfast in our positive outlook for senior housing and skilled nursing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income