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National Health Investors NHI Investments — Number of lessees

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Other financials

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

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Operating cash flow$53.4M+15.0%

Valuation

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Market cap$3.65B+7.6%
Enterprise value$5B+11.2%
P/E24.7×+0.9×
P/S9.1×-0.6×

Profitability

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Operating margin50.1%
Net margin36.9%-4.3pp
FCF margin70.1%

Returns & leverage

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

Where this comes from

Reported directly by National Health Investors in its filing.

Tagged under the XBRL concept nhi:NumberOfTenantsCashBasisRevenueRecognition.

The source filing: National Health Investors’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000877860-26-000135

As of March 31, 2026, our Real Estate Investments segment consisted of gross real estate investments of $2.7 billion in 175 properties located in 32 states, excluding one property classified as assets held for sale, and leased pursuant primarily to triple-net leases to 30 tenants. These investments included 109 SHOs, 65 SNFs and one HOSP. Additionally, our investments included $221.3 million in principal amounts of mortgage and other notes receivable, excluding $15.3 million of credit loss reserves.

Item 1. Financial Statements

FAQ

What is National Health Investors's investments — number of lessees?
National Health Investors (NHI) reported investments — number of lessees of 30 in Q1 2026.
How has National Health Investors's investments — number of lessees changed year-over-year?
National Health Investors's investments — number of lessees decreased by 0.0% year-over-year, from 30 to 30.
What is the long-term trend for National Health Investors's investments — number of lessees?
Over 2 years (2023 to 2025), National Health Investors's investments — number of lessees has grown at a 10.5% compound annual growth rate (CAGR), from 100 to 122.
What does investments — number of lessees mean?
The total number of unique third-party operators or tenants leasing properties from the company. Monitoring this metric helps assess counterparty concentration risk and the diversity of the company's revenue-generating relationships.

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