The earnings call highlighted strong financial performance, growth in SHOP segment, increased guidance, and a dividend hike, indicating positive momentum. However, recent softness in SHOP occupancy and challenges with Discovery leases present some concerns. Overall, the positive aspects outweigh the negatives.

Company Guidance -

Q3 2025

During the second quarter of 2025, National Health Investors (NHI) reported robust financial performance, driven by strategic acquisitions and strong SHOP (Senior Housing Operating Portfolio) growth. The company increased its midpoint normalized FFO (Funds From Operations) guidance per share by $0.09 to $4.80, signifying an 8.1% year-over-year growth. NHI's SHOP NOI (Net Operating Income) surged by over 29% compared to the same quarter in 2024, and the transition of seven properties to SHOP increased annualized NOI by $8.8 million, enhancing SHOP's share of consolidated NOI to nearly 10%. The company also announced a 2.2% dividend increase, the first in four years, and maintained a strong balance sheet with a net debt to adjusted EBITDA ratio of 3.9x and available liquidity of approximately $760 million. Looking forward, NHI projects double-digit NOI growth for 2026, with $175 million in investments announced and an additional $130 million under signed LOIs, emphasizing a significant focus on senior housing acquisitions, particularly within SHOP.

Strong Quarterly Performance and Guidance Increase

NHI exceeded expectations in Q2 2025 with strong acquisition pace, SHOP NOI growth, and improved tenant fundamentals. As a result, the 2025 guidance for normalized FFO per share was raised by $0.09 to $4.80, indicating a year-over-year growth of 8.1%.

Dividend Increase

For the first time in 4 years, NHI announced a dividend increase, reflecting confidence in sustained growth and shareholder value.

SHOP Segment Expansion

Transitioned 7 properties to SHOP, increasing annualized SHOP NOI by approximately $8.8 million or 57%. SHOP now represents nearly 10% of NHI's consolidated NOI, with expectations of continued growth.

Pipeline and Acquisitions

NHI has announced $175 million in investments in 2025 and has $130 million under signed LOIs. The pipeline is strong with approximately $350 million focused on senior housing.

Healthy Balance Sheet

NHI's net debt to adjusted EBITDA stands at 3.9x with available liquidity of approximately $760 million, facilitating future growth opportunities.

National Health Investors (NHI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NHI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.80 / -	0.65	―	―	―
Aug 06, 2025	2025 (Q2)	0.75 / 0.79	0.81	-2.47% (-0.02)
May 05, 2025	2025 (Q1)	0.73 / 0.74	0.71	4.23% (+0.03)
Feb 25, 2025	2024 (Q4)	0.74 / 0.95	0.74	28.38% (+0.21)
Nov 05, 2024	2024 (Q3)	0.73 / 0.65	0.68	-4.41% (-0.03)
Aug 06, 2024	2024 (Q2)	0.72 / 0.81	0.92	-11.96% (-0.11)
May 06, 2024	2024 (Q1)	0.68 / 0.71	0.79	-10.13% (-0.08)
Feb 20, 2024	2023 (Q4)	0.68 / 0.74	0.04	1750.00% (+0.70)
Nov 07, 2023	2023 (Q3)	0.72 / 0.68	0.78	-12.82% (-0.10)
Aug 08, 2023	2023 (Q2)	0.69 / 0.92	0.47	95.74% (+0.45)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NHI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$72.72	$74.54	+2.50%
May 05, 2025	$75.07	$75.39	+0.43%
Feb 25, 2025	$69.54	$69.42	-0.17%
Nov 05, 2024	$73.86	$73.89	+0.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does National Health Investors (NHI) report earnings?

National Health Investors (NHI) is schdueled to report earning on Nov 11, 2025, Before Open (Confirmed).

What is National Health Investors (NHI) earnings time?

National Health Investors (NHI) earnings time is at Nov 11, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NHI EPS forecast?

NHI EPS forecast for the fiscal quarter 2025 (Q3) is 0.8.

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