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National Health Investors

NHI

National Health Investors (NHI) is a self-managed real estate investment trust (REIT) specializing in the ownership, leasing, and financing of senior housing and medical facilities.

Market cap
$3.84B+18.0%
Revenue$401.5M+17.1%
Net income$148.1M+4.9%
EPS (diluted)$3.10-1.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$72.1M
EPS estimate$0.87

Financials

Q1 2026

Income statement

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Revenue$115.1M+28.9%
Net income$40.1M+17.4%
EPS (diluted)$0.82+10.8%

Balance sheet

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Cash & equivalents$24.9M-81.8%
Total debt$1.4B+8.4%
Total equity$1.5B+6.2%
Total assets$2.9B+3.8%

Cash flow

See full
Operating cash flow$53.4M+15.0%

Valuation & ratios

Valuation

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Market cap$3.84B+18.0%
Enterprise value$5.19B+18.8%
P/E25.9×+3.1×
P/S9.6×+0.2×

Profitability

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Net margin36.9%-4.3pp

Returns & leverage

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Return on equity10.1%-0.5pp
Debt / equity0.9×0.0×

Segments

By segment

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Investments$78.1M+3.6%

Competitors

Profile

National Health Investors (NHI) is a self-managed real estate investment trust (REIT) specializing in the ownership, leasing, and financing of senior housing and medical facilities. The company creates value through a diversified portfolio of triple-net leases and direct operating interests, alongside providing specialized financing solutions to healthcare operators. Its primary objective is to generate consistent income and capital growth through strategic investments in high-quality healthcare real estate across the United States.

Competitive position

NHI maintains a significant national presence with a diversified portfolio of nearly 200 properties across over 30 states, leveraging a mix of stable lease income and operational upside through RIDEA structures.

GeographiesUnited States
Customer segmentsHealthcare operators, Senior citizens, Medical service providers
Business modelTriple-net lease, RIDEA operating structure, Real estate financing
SuppliersCapital markets for debt and equity, Real estate developers, Financial institutions
CustomersSenior housing residents, Healthcare patients, Third-party healthcare operators
Listed1991
Employees26.0
CEOD. Eric Mendelsohn
FilingsSEC EDGAR

Questions, answered.

What is National Health Investors's market cap?
National Health Investors (NHI) has a market capitalization of $3.8B and trades on NYSE.
What is National Health Investors's revenue and profitability?
National Health Investors generated $401.5M in trailing twelve-month revenue with net income of $148.1M, representing a net margin of 36.9%. These figures are based on the Q1 2026 filing.
Who are National Health Investors's competitors?
National Health Investors's key competitors include Ventas, Inc., Welltower Inc., Omega Healthcare Investors, Inc., and others. These companies compete in similar markets and product categories.
Who does National Health Investors partner with?
National Health Investors's notable partners include Life Care Services.
What subsidiaries does National Health Investors have?
National Health Investors's subsidiaries include NHI-SS TRS, LLC, NHI-Discovery I TRS, LLC, NHI PropCo Member LLC.
Where is National Health Investors headquartered?
National Health Investors is headquartered in United States of America and employs approximately 26 people. It has been publicly traded since 1991.