National Health Investors, Inc. (NHI) reports developments as a self-managed real estate investment trust focused on senior housing communities and medical facilities. The company owns, leases, operates and finances real estate through its Real Estate Investments and Senior Housing Operating Portfolio, or SHOP, segments, including independent living, assisted living, memory care, entrance-fee communities, senior living campuses, skilled nursing facilities and hospitals.
Recurring NHI news includes dividend declarations, earnings releases, investor updates, property investments, financing activity and governance changes. Company updates also cover sale-leaseback, joint venture, mortgage and mezzanine financing activity tied to senior housing and healthcare real estate.
National Health Investors (NYSE:NHI) announced a first quarter dividend of $0.90 per common share, set to be paid on May 6, 2022, to shareholders of record by March 31, 2022. NHI, a real estate investment trust established in 1991, focuses on financing for senior housing and medical investments, including independent living and skilled nursing facilities. The company aims to maintain its REIT status and has disclosed various forward-looking statements regarding future operations and financial performance.
National Health Investors reported a 41.1% decline in net income per share for the year 2021, totaling $2.44. This decrease is attributed to impairment charges of $51.8 million, $28 million in rent concessions, and nonpayment from Holiday Retirement. Additionally, FFO per diluted share fell by 16.4% to $1.07 for Q4 2021. Despite challenges, NHI's portfolio optimization efforts led to property sales totaling $243.7 million. The CEO highlighted ongoing tenant support due to Covid impacts, while anticipating further improvements in occupancy and portfolio growth.
National Health Investors, Inc. (NHI) will release its fourth-quarter earnings results for the period ending December 31, 2021, after market close on February 22, 2022. A conference call will then be held on February 23, 2022, at 12:00 p.m. ET to discuss the results. Investors can participate by calling (800) 954-0623 using confirmation number 22014893. The call will also be streamed live online, with a replay available for one year. NHI focuses on financing senior housing and medical investments.
National Health Investors (NYSE:NHI) announced a $28.5 million development loan for constructing The Courtyard of Fitchburg, a 108-unit assisted living and memory care community in Fitchburg, WI. The loan, with an 8.5% annual interest rate and potential extensions, allows NHI to purchase the property once stabilized. NHI continues its partnership with Encore Senior Living, now operating nine properties. This strategic financing furthers NHI's growth in senior housing and medical investments.
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National Health Investors (NYSE:NHI) has initiated litigation against Welltower and its subsidiaries in the Delaware Court of Chancery, claiming repeated failures to meet legal obligations. NHI alleges that Welltower fraudulently secured leases from a third party, Holiday Retirement, without honoring rental agreements. The lawsuit asserts Welltower owes over $14.1 million in back rent. The case is titled NHI v. Welltower Entities, under case number 2021-1097-MTZ.
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National Health Investors (NHI) provided a business update on November 8, 2021. The company specializes in real estate investments related to senior housing and medical facilities. Its activities include sale-leaseback agreements, joint ventures, and mortgage financing. NHI's portfolio encompasses various senior living and healthcare properties. The press release also noted potential risks, including the impact of COVID-19 on tenants and borrowers, regulatory changes, and the operational success of real estate investments, which could affect NHI's financial performance.
National Health Investors (NHI) reported a 29.5% decrease in net income per diluted share for Q3 2021, totaling $0.67, and a 30.2% decrease for the first nine months, at $2.31. The declines stemmed from $22.5 million in impairment charges and $4.8 million in unpaid rent from Holiday Retirement. Normalized FAD and FFO also saw declines of 15.1% and 19.0% respectively for Q3. However, NHI completed property sales totaling $216 million and expects continued asset dispositions to reach the upper end of a $250-$400 million target.