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National Health Investors NHI SHOP — Number of real estate properties

Other segment segments

Investments
137-24.3%

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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 us-gaap:NumberOfRealEstateProperties.

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 SHOP segment consisted of gross real estate investments of $854.8 million in 42 properties, located in 16 states and comprised of 22 ILFs, 13 SLCs and seven ALFs with a combined total of 4,001 units. We outsource the operations at these properties to third-party managers and pay a management fee to these third parties for their services. As of June 30, 2026, 16 of these properties were held in consolidated partnerships in which the noncontrolling common equity interest holders are affiliates of the respective managers operating these properties on our behalf.

Item 1. Financial Statements

FAQ

What is National Health Investors's SHOP — number of real estate properties?
National Health Investors (NHI) reported SHOP — number of real estate properties of 42 in Q2 2026.
How has National Health Investors's SHOP — number of real estate properties changed year-over-year?
National Health Investors's SHOP — number of real estate properties increased by 180.0% year-over-year, from 15 to 42.
What is the long-term trend for National Health Investors's SHOP — number of real estate properties?
Over 3 years (2022 to 2025), National Health Investors's SHOP — number of real estate properties has grown at a 1.6% compound annual growth rate (CAGR), from 60 to 63.
What does SHOP — number of real estate properties mean?
The total count of physical senior housing facilities currently managed under the operating portfolio segment. This metric serves as a primary indicator of the scale and geographic footprint of the company's direct operating business. Growth in this number reflects expansion strategies within the senior living sector.

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