$64.700
-1.540 (-2.38%)At close
NHI News
NHI Events
National Health Investors Invests $107.7M to Acquire Six Properties
National Health Investors invested $107.7M, including transaction costs, for the acquisition of six properties with 443 units in Kentucky, Michigan and Tennessee. NHI expects to make an additional investment of $2.3M during the first year. The properties and healthcare operations will be included in NHI's Senior Housing Operating Portfolio, or SHOP, segment and will be managed by Allegro Living Management, an affiliate of Allegro Living which is an existing relationship for NHI. The communities are expected to generate an initial NOI yield of approximately 7.0% and 6.6% after routine capital expenditures. The company currently has approximately $164.3M of investment opportunities under signed Letters of Intent and approximately $51.7M pursuant to real estate purchase options. The company expects to utilize the proceeds from the Section 1031 exchange transaction initiated by the NHC portfolio sale for a significant portion of these opportunities. If completed, these exchanges are expected to defer recognition of a substantial portion of the taxable gain arising from the NHC portfolio sale. In addition to the signed LOIs, the company is currently evaluating a pipeline of approximately $285M in investments which include SHOP, sale-leasebacks and loans with purchase options primarily for senior housing properties.
Company FY26 Guidance Includes $180M in New Investments
The Company's FY26 guidance includes the following assumptions: $180M in unidentified new investments; approximately $665M in expected proceeds from dispositions resulting in a gain ranging between $565.9M-$566.3M; continued fulfillment of existing commitments; Same Store SHOP NOI growth on 15 properties ranging between 1%-3% year over year; and total SHOP NOI on 42 properties, before the assumption for unidentified new SHOP investments, ranging between $44.1M-$45.1M.
NHI Reports Q2 Revenue of $121.32M, Beating Expectations
Reports Q2 revenue $121.32M, consensus $112.51M. "We continued to expand our Senior Housing Operating Portfolio with Q2 invested capital of $854.8M, a 137% increase from the prior year period," said Eric Mendelsohn, NHI's President and CEO. "Our total SHOP NOI for the second quarter increased by approximately 188% year-over-year driven by our recent acquisitions while the same-store SHOP results were ahead of expectations."
National Health Investors Appoints Chris Maingot as COO
National Health Investors announced that it has appointed Chris Maingot as COO effective July 27. Prior to joining NHI, he served as CEO of Longview Senior Housing.
Tech Stocks Plummet Due to Valuation Concerns
Valuation concerns in the AI capex buildout economy hit the Tech sector - by far the worst performing area of the S&P 500 - particularly hard on Tuesday. 2026 memory and semiconductor highflyers were some of the biggest lowers, as Micronand Sandiskwere the worst performers on the benchmark. Among the positive areas, the resilient labor market and questions about AI displacement in the human economy have supported Staffing/Employment, as companies like Korn Ferryrallied by over 6% after better than feared results. Otherwise, the unwind in Tech momentum trade saw sector rotation into the defensive sectors, with Consumer Staples and Healthcare outperforming.In the opening hours of the evening session, equity futures are marginally higher - S&P e-minis are up a decimal and Nasdaq 100 contract is up 0.2%. In commodities, the perception of progress in the Strait of Hormuz has pressured WTI Crude Oil to low $70s. Meanwhile the accelerating strength in the U.S. Dollar is weighing deeper on all metals - Gold is below $4,120 and Silver has retreated below $62 per ounce while Copper is at the lowest level since mid-May below $6.15/lb.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Icon plcup 5.1%KB Homeup 3.8%ALSO HIGHER -National Health Investorsup 4.0% after entering S&P SmallCap 600 indexToastup 3.7% after entering S&P MidCap 400 indexIES Holdingsup 3.2% after entering S&P MidCap 400 indexNikeup 1.0% after naming new CFO and affirming guidanceHoneywell Internationalup 0.9% after entering S&P 500 indexAlphabetup 0.7% after entering Dow Jones Industrials AverageDOWN AFTER EARNINGS -Worthingtondown 9.9%Cerebras Systemsdown 10.7%FedExdown 6.3%ALSO LOWER -Janux Therapeuticsdown 3.4% after departure of Chief Medical Officer
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.