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National Health Investors NHI SHOP — Management fees

Other segment segments

Investments
$0

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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:ManagementFeeExpense.

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
Line itemReal Estate / InvestmentsSHOPNon-Segment / / CorporateTotal
Dietary2,2332,233
Labor14,69914,699
Taxes and insurance2,8042,8975,701
Management fees1,9461,946
Other senior housing operating expenses13,9233,923
NOI75,2668,89184,157
Depreciation and amortization16,5627,1141523,691
Interest expense15,04015,040

Item 1. Financial Statements

FAQ

What is National Health Investors's SHOP — management fees?
National Health Investors (NHI) reported SHOP — management fees of $1.95M in Q1 2026.
How has National Health Investors's SHOP — management fees changed year-over-year?
National Health Investors's SHOP — management fees increased by 181.6% year-over-year, from $691K to $1.95M.
What does SHOP — management fees mean?
Represents the fees paid to third-party managers or internal management teams for the day-to-day operation of senior housing facilities. This metric helps investors evaluate the cost of professional oversight and operational expertise. It is a critical component of the total operating expense structure for the segment.

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