Company Quick10K Filing
National Health Investors
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 43 $3,372
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-02-19 Annual: 2018-12-31
10-Q 2018-11-06 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-02-16 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-02-17 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-18 Annual: 2015-12-31
10-Q 2015-11-05 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-02-17 Annual: 2014-12-31
10-Q 2014-11-03 Quarter: 2014-09-30
10-Q 2014-08-04 Quarter: 2014-06-30
10-Q 2014-05-05 Quarter: 2014-03-31
10-K 2014-02-18 Annual: 2013-12-31
10-Q 2013-11-04 Quarter: 2013-09-30
10-Q 2013-08-06 Quarter: 2013-06-30
10-Q 2013-05-06 Quarter: 2013-03-31
10-K 2013-02-15 Annual: 2012-12-31
10-Q 2012-11-05 Quarter: 2012-09-30
10-Q 2012-08-06 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-02-15 Annual: 2011-12-31
10-Q 2011-11-07 Quarter: 2011-09-30
10-Q 2011-08-04 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-02-17 Annual: 2010-12-31
10-Q 2010-11-04 Quarter: 2010-09-30
10-Q 2010-08-04 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-02-22 Annual: 2009-12-31
8-K 2020-01-09 Other Events, Exhibits
8-K 2020-01-08 Other Events, Exhibits
8-K 2019-12-04 Sale of Shares
8-K 2019-11-12 Other Events
8-K 2019-11-12 Officers, Exhibits
8-K 2019-11-12 Other Events, Exhibits
8-K 2019-11-07 Other Events
8-K 2019-11-06 Regulation FD, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-11-04 Other Events, Exhibits
8-K 2019-11-01 Other Events, Exhibits
8-K 2019-10-08 Other Events, Exhibits
8-K 2019-09-06 Other Events, Exhibits
8-K 2019-08-08 Regulation FD, Exhibits
8-K 2019-08-08 Other Events, Exhibits
8-K 2019-08-08 Earnings, Exhibits
8-K 2019-08-07 Other Events, Exhibits
8-K 2019-07-26 Other Events, Exhibits
8-K 2019-07-02 Other Events, Exhibits
8-K 2019-06-20 Other Events, Exhibits
8-K 2019-06-06 Other Events, Exhibits
8-K 2019-05-24 Other Events, Exhibits
8-K 2019-05-13 Other Events, Exhibits
8-K 2019-05-07 Other Events, Exhibits
8-K 2019-05-06 Regulation FD, Exhibits
8-K 2019-05-06 Shareholder Vote
8-K 2019-05-06 Earnings, Exhibits
8-K 2019-05-01 Other Events, Exhibits
8-K 2019-04-09 Other Events, Exhibits
8-K 2019-02-26 Other Events, Exhibits
8-K 2019-02-22 Exhibits
8-K 2019-02-19 Regulation FD, Exhibits
8-K 2019-02-19 Other Events, Exhibits
8-K 2019-02-19 Earnings, Exhibits
8-K 2019-02-07 Other Events, Exhibits
8-K 2019-01-18 Other Events, Exhibits
8-K 2018-12-28 Other Events, Exhibits
8-K 2018-12-19 Other Events, Exhibits
8-K 2018-12-13 Other Events, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-11-06 Enter Agreement, Exhibits
8-K 2018-11-05 Regulation FD, Exhibits
8-K 2018-10-09 Other Events, Exhibits
8-K 2018-09-17
8-K 2018-08-09 Other Events, Exhibits
8-K 2018-08-06 Earnings, Exhibits
8-K 2018-08-06 Regulation FD, Exhibits
8-K 2018-07-19 Other Events, Exhibits
8-K 2018-06-21 Other Events, Exhibits
8-K 2018-05-08 Other Events, Exhibits
8-K 2018-05-07 Regulation FD, Exhibits
8-K 2018-05-07 Earnings, Exhibits
8-K 2018-05-07 Shareholder Vote
8-K 2018-05-01 Other Events, Exhibits
8-K 2018-02-22
8-K 2018-02-16 Other Events, Exhibits
8-K 2018-02-15 Regulation FD, Exhibits
8-K 2018-02-15 Earnings, Exhibits
8-K 2018-01-19 Other Events, Exhibits
8-K 2018-01-16

National Health Investors Financials

NHI Metrics, Comps, Filings

Annual | Quarterly

Business

National Health Investors, Inc., established in 1991 as a Maryland corporation, is a self-managed real estate investment trust ("REIT") specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. Our portfolio consists of lease, mortgage and other note investments in independent living facilities, assisted living facilities, entrance-fee communities, senior living campuses, skilled nursing facilities, specialty hospitals and medical office buildings. Other investments have included marketable securities and, until 2016, a joint venture structured to comply with the provisions of the REIT Investment Diversification Empowerment Act of 2007 ("RIDEA") through which we invested in facility operations managed by an independent third-party. We have funded our real estate investments primarily through: (1) operating cash flow, (2) debt offerings, including bank lines of credit and term debt, both unsecured and secured, and (3) the sale of equity securities.

At December 31, 2018, we had investments in real estate, mortgage and other notes receivable involving 232 facilities located in 33 states. These investments involve 151 senior housing properties, 76 skilled nursing facilities, 3 hospitals, 2 medical office buildings and other notes receivable. These investments (excluding our corporate office of $2,471,000) consisted of properties with an original cost of $2,815,894,000, rented under triple-net leases to 30 lessees, and $246,111,000 aggregate carrying value of mortgage and other notes receivable due from 10 borrowers.

As of December 31, 2018, our portfolio included 143 senior housing properties ("SHO") leased to operators and mortgage loans secured by 8 SHOs. The SHOs in our portfolio are either need-driven or discretionary for end users and consist of independent living facilities, assisted living facilities, senior living campuses, and entrance-fee communities which are more fully described below.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Equity Commonwealth (EQC) 4,014 0% 1.5 14% 3,702 67 165 0 501 560 831
Rayonier (RYN) 3,980 24% 18.5 3% 2,861 1,360 743 177 84 261 4,821
Outfront Media (OUT) 3,880 0% 11.7 3% 5,665 4,530 1,698 0 160 483 5,650
Stag Industrial (STAG) 3,815 0% 17.3 2% 3,462 1,499 375 0 76 301 5,203
Sabra Health Care REIT (SBRA) 3,686 0% 24.3 0% 6,123 2,863 647 0 22 260 6,316
Weingarten Realty Investors (WRI) 3,662 0% 13.2 7% 3,888 2,093 502 0 253 396 5,242
Two Harbors Investment (TWO) 3,651 23.7 -2% 34,340 29,471 0 0 -635 133 3,144
Chimera Investment (CIM) 3,536 3.5 1% 27,638 23,669 0 0 231 1,001 3,482
Apple Hospitality REIT (APLE) 3,515 43% 14.0 4% 4,989 1,637 1,272 553 197 350 4,882
Paramount Group (PGRE) 3,433 0% 15.8 1% 8,854 4,040 764 0 62 425 6,698
Physicians Realty Trust (DOC) 3,414 0% 18.1 1% 4,172 1,720 411 0 54 273 4,950
National Health Investors (NHI) 3,372 0% 23.3 5% 2,997 1,578 303 0 154 207 4,839
MFA Financial (MFA) 3,326 5.1 2% 13,208 9,805 0 0 330 626 3,207
Apollo Commercial Real Estate Finance (ARI) 3,238 9.7 4% 5,624 2,953 0 0 244 378 3,681
American Assets Trust (AAT) 3,190 63% 16.7 2% 2,719 1,427 335 211 51 188 3,135
RLJ Lodging Trust (RLJ) 3,020 0% 9.0 3% 5,942 2,605 1,695 0 164 498 4,475
Corporate Office Properties Trust (OFC) 2,994 88% 15.2 4% 3,803 2,055 600 527 171 311 4,728
Agree Realty (ADC) 2,873 0% 25.7 3% 2,304 837 165 0 66 140 3,590
CoreCivic (CXW) 2,856 0% 13.7 5% 3,739 2,356 1,919 0 180 342 4,692
MGM Growth Properties (MGP) 2,786 44% 10.3 2% 11,913 5,526 1,063 465 273 754 7,732

Balance Sheet ($MM)2010-12-312011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash31611313535
Accounts Receivable01243956
Inventory
PP&E3283951,2481,7771,8372,1602,2862,367
Assets5095801,4561,9832,1462,4042,5462,751
Accounts Payable
Long-Term Debt809341,1321,1601,294
Liabilities671366799331,0041,1941,2241,361
Stockholders' Equity7671,0401,1331,210
Income Statement ($MM)2010-12-312011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue7883118178229248279295
Cost of Revenue
Gross Profit
R&D
SG&A879911101213
Tax000000
Net Income6981107103150153159154
Cash Flow ($MM)2010-12-312011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating7877104126164177197208
Cash Investing-92-55-626-540-136-330-164-250
Cash Financing-29-8524406-18144-3544