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National Health Investors NHI SHOP — Nonportfolio assets, original cost

Other segment segments

Investments
$4.8M
Corporate Segment
$2.6M

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FCFCost Method Investments - Original Cost
$5.7M0.0%

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:NonportfolioAssetsOriginalCost.

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 SHOP segment consisted of gross real estate investments of $742.5 million in 35 senior housing communities located in 15 states and comprised of 17 ILFs, 11 SLCs and seven ALFs with a combined total of 3,469 units. We outsource the operations at these properties to third-party managers and pay a management fee for these services. As of March 31, 2026, 16 of our senior housing communities were held in consolidated partnerships in which the noncontrolling common equity interests are owned by affiliates of the respective managers.

Item 1. Financial Statements

FAQ

What is National Health Investors's SHOP — nonportfolio assets, original cost?
National Health Investors (NHI) reported SHOP — nonportfolio assets, original cost of $742.5M in Q1 2026.
What does SHOP — nonportfolio assets, original cost mean?
Represents the historical acquisition cost of assets within the Senior Housing Operating Portfolio that are not classified as core real estate properties. This metric helps investors track the capital investment in ancillary assets or equipment supporting senior living operations. It provides insight into the non-property asset base required to maintain service delivery.

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