NYSE$NHI
National Health Investors Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
NHI reported strong fourth quarter results, exceeding internal expectations with significant growth in rental income and SHOP NOI, driven by new investments and increased occupancy.
National Health Investors, Inc. (NHI) announced robust financial results for the fourth quarter of 2024, with net income attributable to common stockholders per diluted common share increasing to $0.95 from $0.74 in the prior year. The company's rental income saw an 8.3% increase, primarily due to new investments, and its Senior Housing Operating Portfolio (SHOP) segment experienced a 12.5% growth in net operating income.
- Net income attributable to common stockholders per diluted common share increased to $0.95 in Q4 2024 from $0.74 in Q4 2023.
- NAREIT FFO per diluted common share rose to $1.24 in Q4 2024 from $1.09 in Q4 2023.
- Rental income increased by $5.1 million, or 8.3%, primarily due to new investments funded since December 2023.
- SHOP Net Operating Income (NOI) increased by $0.4 million, or 12.5%, driven by higher occupancy.
Headline financials
Revenue & EPS history
NHI · Revenue · Quarterly
$85.8M
Revenue by segment
NHI · $68.4M total across 1 segment · Q2 2021
- Rental income$68.4M—100.0%
Forward guidance
NHI's 2025 annual guidance projects NAREIT FFO per diluted common share between $4.59 and $4.66, and Normalized FAD between $219.8 million and $223.6 million, driven by new investments and continued operational improvements.
Tailwinds
- Anticipated $225 million in unidentified new investments at an initial average yield of 8.1%.
- Expected SHOP NOI growth in a range of 12% - 15% year over year.
- Continued collection of deferred rents.
- Investments from announced subsequent events.
- Continued fulfillment of existing commitments.
Headwinds
- Continued rent concessions.
- Asset dispositions.
- Loan repayments.
- Expenses associated with transitioning properties.
- Guidance range is based on several assumptions, many of which are outside the Company's control and subject to change.
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 Q4 2024
+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
| Quarter | Report date | Reaction (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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