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National Health Investors NHI Investments — Real estate investment property, portfolio assets

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LTCReal Estate Investments Portfolio — Real Estate Investment Property At Cost
$982.82M-14.9%
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LTCReal Estate Investments Portfolio — Investment Commitments Remaining Amount
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LTCReal Estate Investments Portfolio — Real Estate Investments Percentage
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LTCReal Estate Investments Portfolio — Investment Commitments Total Amount Funded
$497K-93.5%

Other financials

Income statement

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Revenue$121.3M+33.8%
Net income$55.7M+50.5%
EPS (diluted)$1.15+45.6%

Balance sheet

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Cash & equivalents$50.4M+161%
Total debt$1.4B+23.2%
Total equity$1.6B+6.2%
Total assets$3.0B+9.9%

Cash flow

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Operating cash flow$65.0M+8.6%

Valuation

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Market cap$3.65B+2.2%
Enterprise value$4.98B+6.5%
P/E21.9×-3.1×
P/S8.5×-1.8×

Profitability

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Operating margin50.1%
Net margin38.6%-2.4pp
FCF margin70.1%

Returns & leverage

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Return on equity10.9%+0.4pp
Debt / equity0.9×+0.1×

Where this comes from

Reported directly by National Health Investors in its filing.

Tagged under the XBRL concept nhi:RealEstateInvestmentPropertyPortfolioAssets.

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

Filed
Aug 10, 2026, 4:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000877860-26-000199

As of June 30, 2026, our Real Estate Investments segment included gross real estate investments of $2.4 billion in 137 owned properties, located in 29 states and leased to 26 tenants primarily under triple-net leases. These investments were comprised of 88 ALFs, 12 EFCs, six SLCs, 30 SNFs and one HOSP. Our Real Estate Investments segment also included $224.5 million in principal amounts of mortgage and other notes receivable as of June 30, 2026. Additionally, we had 37 owned properties with an aggregate gross carrying value of $161.5 million that were classified as assets held for sale as of June 30, 2026, including 35 properties leased to National HealthCare Corporation (“NHC”) which were sold to an affiliate of NHC on July 1, 2026. The remaining two properties were also sold in July 2026. Our properties classified as assets held for sale included 34 SNFs and three ILFs.

Item 1. Financial Statements

FAQ

What is National Health Investors's investments — real estate investment property, portfolio assets?
National Health Investors (NHI) reported investments — real estate investment property, portfolio assets of $2.4B in Q2 2026.
How has National Health Investors's investments — real estate investment property, portfolio assets changed year-over-year?
National Health Investors's investments — real estate investment property, portfolio assets decreased by 11.1% year-over-year, from $2.7B to $2.4B.
What is the long-term trend for National Health Investors's investments — real estate investment property, portfolio assets?
Over 2 years (2023 to 2025), National Health Investors's investments — real estate investment property, portfolio assets has grown at a 5.1% compound annual growth rate (CAGR), from $9.6B to $10.6B.
What does investments — real estate investment property, portfolio assets mean?
This represents the total book value of real estate assets held within the investment segment, including properties leased to operators and mortgage notes. It serves as a primary indicator of the scale and capital deployment strategy within the company's core real estate portfolio.

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