NYSE$NHI

National Health Investors Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported net income attributable to common stockholders, Funds From Operations (FFO), Normalized Funds From Operations and Normalized Adjusted Funds From Operations (AFFO).

National Health Investors, Inc. reported a strong first quarter with net income attributable to common stockholders at $1.37 per diluted common share and AFFO at $1.29 per diluted common share. The company announced or completed $173.2 million in real estate and mortgage note investments and maintained a low leverage balance sheet.

  • GAAP net income attributable to common stockholders of $1.37 per diluted common share
  • AFFO of $1.29 per diluted common share
  • Announced or completed $173.2 million in real estate and mortgage note investments
  • Maintained low leverage balance sheet at 4.7x net debt-to-annualized adjusted EBITDA

Headline financials

Total Revenue

$83.1M

Previous: $76.1M+9.2%
EPS (adj)

$1.36

Previous: $1.31+3.8%
Net Income

$61M

Previous: $35.7M+71.0%
Operating Income

$21M

Previous: $35.7M-41.1%
Gross Profit

$81.5M

Previous: $76.1M+7.1%
Cash & Equivalents

$46M

Previous: $5.18M+789.5%
Total Assets

$3.08B

Previous: $2.81B+9.8%
Stock-Based Comp

$1.85M

Previous: $2M-7.8%

Revenue & EPS history

NHI · Revenue · Quarterly

$83.1M

Q1 2020+9.2%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

NHI · $68.4M total across 1 segment · Q2 2021

  • Rental income
    $68.4M

Forward guidance

Due to the lack of visibility caused by this pandemic on our operators and our business, the Company is withdrawing its full year 2020 guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.3%

Avg return

30 days after

59%

40 / 68 earnings

Positive

+14.9%

Q3 2020

Best reaction

-7.9%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.4%-1.9%-9.4%
Q4 2025-4.2%-3.2%-6.3%
Q3 2025+1.8%+1.1%+4.1%
Q1 2025+0.5%+1.0%-6.2%
Q4 2024-0.2%+2.9%+4.8%
Q3 2024+1.1%+7.0%-0.4%
Q2 2024+3.0%+3.2%+13.8%
Q1 2024+1.4%+0.9%+2.8%
Q4 2023+6.6%+8.4%+16.5%
Q3 2023+0.5%-0.7%+7.8%
Q2 2023-7.5%-6.7%-9.4%
Q1 2023+7.6%+8.3%+8.0%
Q4 2022-7.9%-6.5%-17.5%
Q3 2022-1.4%+3.4%+2.1%
Q2 2022+2.6%+4.9%+4.5%
Q1 2022-3.4%+1.4%+12.8%
Q4 2021-3.2%-2.0%+6.4%
Q3 2021+1.4%+1.8%+1.4%
Q2 2021-6.2%-5.5%-9.7%
Q1 2021-3.1%-4.9%-5.6%
Q4 2020-0.6%+0.1%+7.5%
Q3 2020+14.9%+18.0%+20.7%
Q2 2020+0.1%-2.8%-1.0%
Q1 2020-4.2%-11.3%+19.2%
Q4 2019+1.4%+1.8%-57.5%
Q3 2019-2.0%-2.0%+1.0%
Q2 2019+2.1%+2.0%+3.9%
Q1 2019-1.2%+0.8%+3.4%
Q4 2018-6.9%-4.0%-5.7%
Q3 2018+1.6%+2.4%+8.0%
Q2 2018+1.0%+0.1%+3.1%
Q1 2018+1.9%+1.7%+6.7%
Q4 2017+0.0%+0.8%+7.5%
Q3 2017-2.9%-1.5%-0.6%
Q2 2017+1.0%+2.8%+6.7%
Q1 2017+2.5%+4.4%+5.1%
Q4 2016+0.7%+1.1%-3.9%
Q3 2016-0.3%-5.5%+1.1%
Q2 2016+0.6%+2.0%+3.4%
Q1 2016+1.9%
Q4 2015+3.8%
Q3 2015-0.1%
Q2 2015-1.9%
Q1 2015+1.5%
Q4 2014+0.4%
Q3 2014-0.7%
Q2 2014+2.6%
Q1 2014+1.5%
Q4 2013-1.0%
Q3 2013-0.7%
Q2 2013-0.0%
Q1 2013+3.3%
Q4 2012-1.1%
Q3 2012+1.3%
Q2 2012-2.7%
Q1 2012+1.2%
Q4 2011-2.4%
Q3 2011+0.8%
Q2 2011-5.4%
Q1 2010-2.5%
Q1 2011+0.1%
Q4 2008+0.2%
Q4 2010+0.2%
Q3 2010+1.6%
Q3 2009+1.6%
Q2 2010+0.9%
Q2 2009+0.9%
Q4 2009+0.9%

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