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National Health Investors NHI SHOP — Amortization expense

Other segment segments

Investments
$16.56M+1.1%

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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 us-gaap:AmortizationOfIntangibleAssets.

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

We acquired intangible assets related to the fair values of in-place resident leases in connection with certain acquisitions of real estate properties in our SHOP segment. During the three months ended March 31, 2026, we recognized $1.5 million of amortization expense related to these intangible assets. During the three months ended March 31, 2025, we did not have any intangible assets included in real estate properties, net. As of March 31, 2026 and December 31, 2025, the net carrying amounts of these intangible assets were $5.6 million and $1.7 million, respectively.

Item 1. Financial Statements

FAQ

What is National Health Investors's SHOP — amortization expense?
National Health Investors (NHI) reported SHOP — amortization expense of $1.5M in Q1 2026.
How has National Health Investors's SHOP — amortization expense changed year-over-year?
National Health Investors's SHOP — amortization expense increased by 900.0% year-over-year, from $150K to $1.5M.
What does SHOP — amortization expense mean?
The non-cash expense recognized over the useful life of intangible assets associated with the Senior Housing Operating Portfolio. This reflects the systematic allocation of costs for items such as management contracts or brand value. Monitoring this expense is important for understanding the impact of acquisition accounting on reported earnings.

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