The earnings call highlighted significant growth and strategic investments in the SHOP portfolio and overall financial health, but also pointed out challenges in same-store SHOP NOI decline and uncertainty in NHC lease renewal. The company is actively addressing operational challenges and leveraging its strong balance sheet.

Company Guidance

During the National Health Investors (NHI) third-quarter 2025 earnings call, the company provided strong guidance metrics, including a significant increase in consolidated SHOP (Senior Housing Operating Portfolio) NOI of approximately 63% compared to the prior year's quarter. NHI has raised its guidance for the third time this year, projecting more than 10% NFFO (Normalized Funds from Operations) per share growth at the midpoint, marking the strongest annual growth since 2014. The company has also announced investments totaling $303.2 million year-to-date and has approximately $195 million under signed letters of intent (LOIs) expected to close in the coming months. Additionally, NHI's balance sheet remains strong, with a net debt to adjusted EBITDA ratio of 3.6x and over $1 billion in available liquidity. The company emphasized its strategic focus on expanding its presence in private pay senior housing, anticipating its SHOP NOI to more than double in 2026 to at least 20% of total adjusted NOI.

Strong SHOP Portfolio Growth

The transition of 7 properties to the SHOP portfolio resulted in consolidated SHOP NOI growth of approximately 63% compared to the prior year's quarter. The company also completed its first SHOP acquisition for $74.3 million with expected NOI yield.

Increased Guidance and Investment Activity

NHI raised its guidance for the third time this year, representing over 10% NFFO per share growth at the midpoint. They have announced investments of $303.2 million so far this year and have approximately $195 million under signed LOIs.

Strong Balance Sheet

Net debt to adjusted EBITDA is at 3.6x, below the low end of the target range, with available liquidity of over $1 billion, creating a competitive advantage.

Bickford Portfolio Performance

Bickford's third quarter occupancy increased by 90 basis points to 86.1%, and trailing 12-month EBITDARM coverage was 1.49x with deferred rent repayments ongoing.

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
Feb 24, 2026	2025 (Q4)	0.79 / -	0.95	―	―	―
Nov 06, 2025	2025 (Q3)	0.68 / 0.69	0.65	6.15% (+0.04)
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)

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
Nov 06, 2025	$75.31	$76.80	+1.98%
Aug 06, 2025	$71.87	$73.67	+2.50%
May 05, 2025	$74.20	$74.51	+0.42%
Feb 25, 2025	$68.72	$68.61	-0.16%

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 Feb 24, 2026, Before Open (Confirmed).

What is National Health Investors (NHI) earnings time?

National Health Investors (NHI) earnings time is at Feb 24, 2026, 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 (Q4) is 0.79.

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