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National Health Investors NHI Construction in progress

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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:DevelopmentInProcess.

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, we had loan commitments with seven borrowers totaling $113.1 million of which we had funded $78.2 million toward these commitments. We also had development commitments with eight borrowers totaling $23.9 million of which we had funded $13.7 million toward these commitments. Additionally, we had contingency commitments totaling $6.4 million, which included lease inducement contingencies with three tenants and contingent consideration related to the acquisition of a property in our SHOP segment. The amounts that we will receive if the contingencies are met under these commitments are based on the operating performance of the respective healthcare properties over a specified period.

Item 1. Financial Statements

FAQ

What is National Health Investors's construction in progress?
National Health Investors (NHI) reported construction in progress of $13.7M in Q2 2026.
How has National Health Investors's construction in progress changed year-over-year?
National Health Investors's construction in progress increased by 82.7% year-over-year, from $7.5M to $13.7M.
What is the long-term trend for National Health Investors's construction in progress?
Over 5 years (2020 to 2025), National Health Investors's construction in progress has grown at a 42.6% compound annual growth rate (CAGR), from $3.09M to $18.21M.
What does construction in progress mean?
Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.

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