NHI National Health Investors (NHI) Q4 FY25 earnings call
National Health Investors concluded FY25 with strong normalized FFO per share growth, driven by significant expansion in its SHOP platform and active investment activity. While 2026 guidance reflects a lower growth rate due to non-recurring items and planned dispositions, the company is strategically focused on expanding its SHOP portfolio in need-driven senior living, leveraging its strong balance sheet and a robust pipeline to drive long-term FFO per share growth. The company is in a quiet period regarding ongoing NHC lease negotiations.
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NHI operating KPIs by quarter
| KPI | This call Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Properties Same-store SHOP | 15Our 15 property same-store SHOP portfolio, NOI declined 0.9% to $3.2 million from the prior year fourth quarter, but was sequentially up 8.7% from the third quarter.Source: earnings call transcript | 15Same-store NOI on the 15 legacy Holiday properties, which represents less than 5% of total annualized NOI declined 6.3% year-over-year to $3.6 million.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.