National Health Investors reports Q1 normalized EPS $1.15, consensus $1.13

Reports Q1 revenue $89.3M, consensus $88.84M. Eric Mendelsohn, NHI president and CEO, stated, “We are off to a solid start with first quarter results exceeding our internal expectations driven by acquisitions that closed sooner than expected, higher deferral collections than anticipated including from Bickford, and a step-up in the percentage rent from NHC that was stronger than forecast. As expected, our SHOP portfolio was impacted by seasonality which resulted in slower NOI growth but we are confident in the momentum we have created and continue to guide to 12% – 15% growth for the year.”