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National Health Investors (NHI) investor relations material
National Health Investors AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
The meeting was called to order by the Board Chair, with appreciation expressed for retiring directors and introductions of board members and senior management.
Board and executive committee updates
Recognition was given to retiring directors and the CFO for their contributions, including elevating the financial function and achieving an investment-grade bond rating.
Financial performance review
NFFO and FAD per share increased by 10.6% and 13.7%, respectively, in 2025.
Net income per diluted share was $3.02, slightly down due to prior year one-time gains.
SHOP segment NOI rose 57.2% over 2024, with SHOP assets now 18% of total gross assets.
Total shareholder return was 15.7% for 2025, with three- and five-year TSR at 72.9% and 47.7%.
$392.4 million in investments were made at an average yield of 8.1%.
- Q1 2026 saw robust FFO growth, major SHOP expansion, and a $560M portfolio sale pending.NHI
Q1 20265 May 2026 - $560M asset sale boosts private pay housing, deleverages, and simplifies governance.NHI
M&A Presentation22 Apr 2026 - Annual meeting to vote on directors, executive pay, and auditor ratification for 2026.NHI
Proxy filing3 Apr 2026 - 2025 saw robust growth, board refreshment, enhanced governance, and expanded ESG initiatives.NHI
Proxy filing3 Apr 2026 - Normalized FFO per share rose 8.9% in Q4, with SHOP NOI up 125% and 2026 outlook strong.NHI
Q4 202527 Feb 2026 - Q2 FFO, FAD, and revenues rose, but net income fell; SHOP occupancy and guidance increased.NHI
Q2 20242 Feb 2026 - SHOP occupancy and NOI surged, but net income and FFO per share declined; liquidity remains strong.NHI
Q3 202416 Jan 2026 - Q4 and 2024 outperformed, with strong growth and 2025 guidance signaling further gains.NHI
Q4 20246 Jan 2026 - Proxy contest aims to overhaul board independence and governance, urging immediate declassification.NHI
Proxy Filing1 Dec 2025
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