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Dec 31, 2022
NHI Q4 2022 Earnings Report
Announced results for the fourth quarter and year ended December 31, 2022.
Key Takeaways
National Health Investors (NHI) reported a net income attributable to common stockholders per diluted common share of $0.04 for Q4 2022, a decrease compared to $0.14 in the same period of the prior year. Normalized FFO per diluted common share was $0.85, including a credit loss reserve of $8.7 million. The company made strategic investments and dispositions, including acquiring an assisted living facility from Bickford Senior Living and funding a senior loan to refinance skilled nursing facilities.
Net income attributable to common stockholders per diluted common share was $0.04, down from $0.14 in the prior year.
NAREIT FFO per diluted common share was $0.74, compared to $1.07 in the prior year.
Normalized FFO per diluted common share was $0.85, including a credit loss reserve of $8.7 million.
Acquired a 60-unit assisted living facility from Bickford Senior Living for $17.2 million and funded a $42.5 million senior loan.
Forward Guidance
The Company’s guidance range for the full year 2023 includes continued rent concessions, asset dispositions and loan repayments throughout 2023; Approximately $55.0 million in investment funding for recently announced Q1 investments and fulfillment of existing commitments; and No incremental benefit from unidentified acquisitions or repayment of outstanding deferral balances.
Positive Outlook
- Continued rent concessions
- Asset dispositions
- Loan repayments throughout 2023
- Approximately $55.0 million in investment funding for recently announced Q1 investments and fulfillment of existing commitments
- No incremental benefit from unidentified acquisitions or repayment of outstanding deferral balances.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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