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National Health Investors NHI SHOP — Fair value of intangible assets

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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:FiniteLivedIntangibleAssetsFairValueDisclosure.

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 — fair value of intangible assets?
National Health Investors (NHI) reported SHOP — fair value of intangible assets of $5.6M in Q1 2026.
What does SHOP — fair value of intangible assets mean?
The estimated current market value of non-physical assets, such as resident relationships or operating licenses, acquired as part of the Senior Housing Operating Portfolio. This metric provides insight into the value beyond the physical real estate that contributes to the segment's cash flow. It is a key component of the company's balance sheet health.

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