NHI
National Health Investors, Inc.
$65.67
+0.05
(+0.08%)
Mkt Cap
3.19B
Volume
65,974
52W Range
63.51-91.38
Sector
Real Estate
Beta
0.52
EPS (TTM)
3.47 USD
P/E Ratio
18.94
Revenue (TTM)
433.57M USD
Rev Growth (5Y)
+2.6%
EPS Growth (5Y)
+0.0%
AlphaVal · Fair Value
What we estimate one share is worth
$74.77
Fair Value
weak signal
12.1% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
B-
Real Estate Investment Trust
65.7 / 100 composite
A real-estate investment trust — graded A–F vs. similar companies.
Company Description
Established in 1991, National Health Investors, Inc. (NYSE: NHI) operates as a real estate investment trust (REIT) primarily focused on providing capital for senior living and medical real estate assets. The company facilitates this through diverse financing options, including sale-leaseback arrangements, joint ventures, and various debt instruments such as mortgage and mezzanine loans, targeting properties that cater to both essential care needs and discretionary services. NHI's broad holdings feature independent living, assisted living, and memory care facilities, as well as entrance-fee retirement communities, skilled nursing homes, medical office complexes, and specialized hospitals.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 378.53M | 335.18M | 319.83M | 278.19M | 298.71M | 332.81M | 318.08M | 294.61M | 278.66M | 248.50M | 228.99M | 177.51M |
| Net Income | 142.18M | 137.99M | 135.65M | 66.40M | 111.80M | 185.13M | 160.46M | 154.33M | 159.37M | 151.54M | 148.86M | 101.61M |
| EPS | 3.03 | 3.14 | 3.13 | 0.52 | 1.36 | 3.03 | 2.40 | 3.68 | 3.90 | 3.88 | 3.96 | 3.04 |
| Free Cash Flow | 220.26M | 192.44M | 180.71M | 180.71M | 210.79M | 231.99M | 222.96M | 60.22M | 21.98M | (189.79M) | 49.91M | (409.63M) |
| FCF / Share | 4.70 | 4.39 | 4.16 | 4.04 | 4.61 | 5.19 | 5.14 | 1.44 | 0.54 | -4.86 | 1.33 | -12.27 |
| Operating CF | 240.23M | 208.17M | 184.45M | 185.34M | 210.86M | 232.15M | 240.96M | 207.87M | 197.32M | 177.22M | 164.43M | 126.14M |
| Total Assets | 2.80B | 2.61B | 2.49B | 2.51B | 2.84B | 3.12B | 3.04B | 2.75B | 2.55B | 2.40B | 2.15B | 1.98B |
| Total Debt | 1.16B | 1.15B | 1.14B | 1.15B | 1.25B | 1.51B | 1.44B | 1.29B | 1.17B | 1.14B | 947.53M | 884.37M |
| Cash & Equiv | 19.62M | 24.29M | 22.35M | 19.29M | 37.41M | 43.34M | 5.21M | 4.66M | 3.06M | 4.83M | 13.29M | 3.29M |
| Book Value | 1.52B | 1.37B | 1.25B | 1.27B | 1.51B | 1.51B | 1.50B | 1.39B | 1.32B | 1.21B | 1.13B | 1.04B |
| Return on Equity | 0.09 | 0.10 | 0.11 | 0.05 | 0.07 | 0.12 | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 | 0.10 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 121.32M | 115.86M | 106.55M | 89.85M | 90.66M | 89.30M | 85.75M | 82.94M | 84.97M | 81.51M | 79.47M | 80.11M |
| Net Income | 55.67M | 40.10M | 38.16M | 32.86M | 36.99M | 34.16M | 43.24M | 28.54M | 35.26M | 30.95M | 32.05M | 29.35M |
| EPS | 1.15 | 0.83 | 0.80 | 0.69 | 0.79 | 0.75 | 0.96 | 0.66 | 0.81 | 0.71 | 0.74 | 0.68 |
| Free Cash Flow | 68.33M | 50.55M | 59.27M | 57.56M | 58.72M | 44.71M | 51.56M | 43.95M | 58.23M | 38.70M | 52.04M | 48.60M |
| FCF / Share | 1.41 | 1.05 | 1.26 | 1.21 | 1.26 | 0.98 | 1.14 | 1.01 | 1.34 | 0.89 | 1.20 | 1.12 |
| Operating CF | 65.44M | 53.44M | 69.39M | 62.60M | 61.34M | 46.89M | 57.57M | 48.63M | 60.98M | 40.99M | 53.20M | 49.70M |
| Total Assets | 2.96B | 2.89B | 2.80B | 2.69B | 2.70B | 2.78B | 2.61B | 2.46B | 2.48B | 2.48B | 2.49B | 2.50B |
| Total Debt | 1.28B | 1.27B | 1.16B | 1.11B | 1.12B | 1.26B | 1.15B | 1.14B | 1.14B | 1.14B | 1.14B | 1.14B |
| Cash & Equiv | 30.39M | 24.95M | 19.62M | 81.62M | 18.64M | 135.00M | 24.29M | 15.55M | 14.77M | 11.36M | 22.35M | 16.58M |
| Book Value | 1.57B | 1.51B | 1.52B | 1.48B | 1.48B | 1.43B | 1.37B | 1.23B | 1.24B | 1.25B | 1.25B | 1.26B |
| Return on Equity | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 |
NHI News
The More REITs Drop, The More I Buy
NHI Announces Third Quarter 2026 Earnings Release and Conference Call Dates
National Health Investors, Inc. (NYSE:NHI) Stock Rated “Moderate Buy” by Wall Street Brokerages
NHI Announces $107.7 Million SHOP Investment
The Senior Housing Boom Is Here. These 5 REITs Are Paying Investors to Ride It
National Health Investors, Inc. (NYSE:NHI) Shareholders to Get $0.92 Quarterly Dividend
BXP vs. NHI: Which Stock Is the Better Value Option?
Very Bad News For REITs, But I Am Buying The Dip
NHI to Participate in the BofA Securities 2026 Global Real Estate Conference; Updates Pipeline
3 More Buys In Senior Housing REITs