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National Health Investors NHI Amortization of lease incentives

Amortization of lease incentives at other companies

Essential Properties Realty Trust logo
Essential Properties Realty TrustEPRT
$364K+23.4%
Highwoods Properties logo
Highwoods PropertiesHIW
$845K+72.1%
CareTrust logo
CareTrustCTRE
$49K0.0%
CareTrust logo
CareTrustCTRE
$49K0.0%
COPT Defense Properties logo
COPT Defense PropertiesCDP
$71.88M+11.9%
TRN
Terreno RealtyTRNO
$5.34M+6.6%

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$3.43B+16.1%
Enterprise value$4.78B+17.0%
P/E23.2×+2.2×
P/S8.6×-0.1×

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:AmortizationOfLeaseIncentivesAndInducements.

The official record: National Health Investors’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is National Health Investors's amortization of lease incentives?
National Health Investors (NHI) reported amortization of lease incentives of $725K in Q1 2026.
How has National Health Investors's amortization of lease incentives changed year-over-year?
National Health Investors's amortization of lease incentives decreased by 0.0% year-over-year, from $725K to $725K.
What is the long-term trend for National Health Investors's amortization of lease incentives?
Over 2 years (2023 to 2025), National Health Investors's amortization of lease incentives has grown at a 7.3% compound annual growth rate (CAGR), from $2.52M to $2.9M.
What does amortization of lease incentives mean?
This represents the non-cash amortization of costs incurred to induce tenants to enter into lease agreements, such as tenant improvement allowances or rent abatements. It is added back to net income to reconcile to cash flow from operations, reflecting the gradual recognition of these incentives over the lease term. This metric helps investors understand the impact of non-cash lease accounting on reported earnings.