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National Health Investors Inc

Company price
71.33 USD 2.56 ( 3.72%)
Last update at 2026-11-04T21:00:00Z
VOLUME
329687
Market Cap
3403.35M
P/E
20.03

Momentum Score

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National Health Investors, Inc. is a self-managed real estate investment trust (REIT). The Company owns, leases, operates and finances the development of high-quality real estate properties in the United States, focusing on senior housing communities and medical facilities. The Company operates through two reportable segments, Real Estate Investments and SHOP. The Company's real estate property investments include independent living facilities, assisted living facilities, entrance fee communities, senior living campuses, skilled nursing facilities and hospitals. National Health Investors, Inc. was established on October 15th, 1991, and was incorporated in 1991 in Maryland and is based in Murfreesboro, Tennessee.

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Day Price Range
69.77
Low
72.14
High
52 Week Price Range
67.13
Low
89.29
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

National Health Investors, Inc. is a real estate investment trust that owns and finances healthcare-related properties, primarily senior housing, skilled nursing and medical office facilities leased to operating companies. Long-term demand from an aging population and contracted lease income may support steady cash flows, and the company appears positioned to offer income-oriented investors exposure to healthcare real estate through a diversified portfolio and established capital access. Key risks include tenant/operator credit and occupancy exposure, reimbursement and regulatory changes affecting providers, and sensitivity to interest rates and cap-rate movements.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
68.77
Dividend Yield
5.23%
Revenue TTM
435.78M
Revenue Per Share
9.09
Gross Profit TTM
322.15M
Debt / Equity
0.76
ROE
10.72%
Net Debt
1144.19M
ROCE
7.42%
Diluted EPS TTM
3.46

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 140.79M 136.59M 134.38M 65.50M 111.97M
Minority interest 1.39M 1.35M 1.27M -0.90M 0.16M
Net income 142.18M 137.99M 135.65M 23.06M 62.19M
Selling general administrative 26868.00M 21.79M 19.82M 25.32M 19.34M
Selling and marketing expenses - 1.05M 0.10M - -
Gross profit 138.93M 324.02M 308.32M 268.41M 287.08M
Reconciled depreciation 80.94M 71.44M 69.97M 70.88M 80.80M
Ebit 198.16M 192.71M 189.89M 81.11M 132.19M
Ebitda 282.00M 264.16M 259.87M 151.99M 212.99M
Depreciation and amortization 83.84M 71.44M 69.97M 70.88M 80.80M
Non operating income net other - - - 28.76M 29.39M
Operating income 194.83M 183.86M 178.79M 81.11M 132.19M
Other operating expenses 183.70M 151.32M 141.04M 135.03M 165.33M
Interest expense 57.37M 56.12M 55.51M 44.92M 50.81M
Interest income 3.66M 6.66M 0.56M 0.57M 1.54M
Net interest income -57.37M -59.90M -58.16M -44.92M -50.81M
Non recurring - - - 47.47M 51.72M
Income tax expense - -0.04M 55.07M 42.44M 49.78M
Total revenue 378.53M 335.18M 319.83M 278.19M 298.71M
Total operating expenses -55.90M 140.16M 129.53M 125.24M 153.69M
Cost of revenue 239.60M 11.16M 11.51M 9.79M 11.64M
Total other income expense net -54.04M -47.26M -44.41M -15.61M -20.22M
Net income from continuing ops 140.79M 136.64M 134.38M 65.10M 111.97M
Net income applicable to common shares 141.98M 137.87M 135.60M 66.40M 111.80M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 2796.89M 2614.37M 2488.48M 2507.42M 2838.88M
Intangible assets 3055.87M - - - -
Other current assets -301500.78M 2.21M 7.27M 45.53M 68.47M
Total liab 1256.98M 1229.19M 1214.43M 1217.52M 1321.89M
Total stockholder equity 1521.54M 1366.47M 1253.95M 1270.22M 1507.08M
Deferred long term liab - - - 5.05M 5.72M
Other current liab -125.00M 41.12M 39.07M 39.05M 41.27M
Common stock 0.48M 0.46M 0.43M 0.43M 0.46M
Capital stock 0.48M 0.46M 0.43M 0.43M 0.46M
Retained earnings -401.65M 2604.83M 2466.84M -329.64M -84.56M
Other liab - - - 5.05M 14.56M
Other assets 3.56M 2234.01M 22.86M 45.53M 2538.92M
Cash 19.62M 24.29M 22.35M 19.29M 37.41M
Cash and equivalents 19.62M 24.29M 22.35M 19.29M 37.41M
Total current liabilities 125.00M 414.35M 324.38M 70.01M 70.17M
Current deferred revenue 5.00M 4.28M 6.01M 5.05M 5.72M
Net debt 1144.19M 1121.75M 1112.70M 1128.22M 1214.31M
Short term debt 125.00M 331.20M 245.00M 0.00M 1242.88M
Short long term debt 204.00M 331.20M 245.00M - -
Short long term debt total 1163.81M 1146.04M 1135.05M 1147.51M 1251.72M
Other stockholder equity 1922.71M -1238.81M -1213.33M 1599.43M 1591.18M
Property plant equipment 2473.76M 2211.25M 2107.08M 2161.51M 2317.88M
Total current assets 310.22M 396.91M 375.19M 379.82M 505.24M
Long term investments - - - - 299.95M
Net tangible assets - - - 1280.05M 1507.08M
Net receivables 290.60M 370.41M 345.57M 315.00M 399.36M
Long term debt 959.81M 814.84M 1135.05M 1147.51M 1242.88M
Inventory - - 359.61M - -
Accounts payable 43.73M 37.76M 34.30M 25.91M 23.18M
Noncontrolling interest in consolidated entity - - - 9.86M 9.90M
Accumulated other comprehensive income - - -350.24M - -
Common stock total equity - - - 0.43M 0.46M
Non currrent assets other 6.70M 2217.46M 2113.29M 2127.61M 2333.63M
Non current assets total 2486.66M 2217.46M 2113.29M 2127.61M 2333.63M
Capital lease obligations - - - 0.00M 8.84M
Long term debt total 1163.81M 1146.04M 1135.05M 1147.51M 1242.88M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -192.31M -11.63M 39.98M 1.21M
Change to liabilities - - - 0.84M 3.61M
Total cashflows from investing activities -271.07M -191.55M -11.63M 197.94M 185.28M
Net borrowings 18.15M 10.76M -12.43M -98.00M -260.61M
Total cash from financing activities 23.96M -14.74M -169.72M -401.25M -402.99M
Change to operating activities - - - -3.53M -4.05M
Net income 142.18M 137.99M 134.38M 65.50M 111.97M
Change in cash -4.67M 1.94M 3.10M -17.97M -6.86M
Begin period cash flow 24.29M 22.35M 21.52M 39.48M 46.34M
End period cash flow 19.62M 24.29M 24.62M 21.52M 39.48M
Total cash from operating activities 240.23M 208.17M 184.45M 185.34M 210.86M
Issuance of capital stock 181.53M 142.39M 0.00M 0.00M 47.90M
Depreciation 83.84M 74.34M 69.97M 70.88M 80.80M
Other cashflows from investing activities -269.15M -188.25M -7.89M 164.33M 235.40M
Dividends paid 169.70M 156.51M 156.24M -161.77M -182.90M
Sale purchase of stock 181.53M 142.39M 0.00M -151.95M 491.78M
Other cashflows from financing activities -2.14M -7.90M -1.05M 230.86M -7.39M
Change to netincome - - - -7.78M 13.15M
Capital expenditures 19.97M 15.73M 3.74M 6.36M 0.06M
Cash flows other operating - - - 52.49M 48.70M
Cash and cash equivalents changes - - - -17.97M -6.86M
Change in working capital 7.26M -2.56M 3.29M -2.70M -0.44M
Stock based compensation 5576.00M 4.18M 4.61M 8.61M 8.41M
Other non cash items 6.95M -1.60M -27.80M 43.04M 39.16M
Free cash flow 220.26M 192.44M 180.71M 185.34M 210.79M

Peer Comparison*

Sector: Real Estate Industry: REIT - Healthcare Facilities

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
NHI
National Health Investors Inc
2.56
3.72%
71.33 20.03 18.15 7.81 2.20 10.89 15.03
WELL
Welltower Inc
6.82
2.83%
247.99 170.68 72.46 7.75 2.13 9.77 27.67
VTR
Ventas Inc
-
-%
89.20 161.02 131.58 7.08 3.12 9.07 24.46
OHI
Omega Healthcare Investors Inc
1.64
3.45%
49.17 16.83 10.13 11.78 2.66 14.30 12.72
DOC
Healthpeak Properties Inc
0.61
3.12%
20.17 164.70 113.64 4.06 1.58 7.64 13.08

Profile*

National Health Investors Inc

National Health Investors, Inc. is a self-managed real estate investment trust (REIT). The Company owns, leases, operates and finances the development of high-quality real estate properties in the United States, focusing on senior housing communities and medical facilities. The Company operates through two reportable segments, Real Estate Investments and SHOP. The Company's real estate property investments include independent living facilities, assisted living facilities, entrance fee communities, senior living campuses, skilled nursing facilities and hospitals. National Health Investors, Inc. was established on October 15th, 1991, and was incorporated in 1991 in Maryland and is based in Murfreesboro, Tennessee.

222 Robert Rose Drive, Murfreesboro, TN, United States, 37129-6346

615 890 9100

32

Name Title Year Born
Susan V. Sidwell Corp. Sec. NA
Ms. Colleen Schaller Real Estate Transaction Mang. NA
Mr. D. Eric Mendelsohn Pres, CEO & Director 1962
Mr. John L. Spaid Exec. VP of Fin. & CFO 1960
Mr. Kevin Carlton Pascoe Chief Investment Officer 1981
Mr. David Louis Travis Sr. VP & Chief Accounting Officer 1975
Ms. Kristin Sallee Gaines Chief Credit Officer 1972
Mr. Dana Rolfson Hambly Director of Investor Relations NA
Mr. Kimberly Ouimet Director of Corp. Compliance & HR NA
Ms. Michelle R. Kelly Sr. VP of Investments NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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