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National Health Investors Inc's Business Segments
National Health Investors Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2026
Reportable Segments
2
Largest Segment
Real Estate Investment
Total Revenue
$ 121
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2026
- Real Estate Investment63.1%
- Senior Housing Operating Portfolio36.9%
Revenue by Reportable Segment - Q2 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Real Estate Investment | $ 77 | 63.1% |
| Senior Housing Operating Portfolio | $ 45 | 36.9% |
Description of National Health Investors Inc
National Health Investors Inc. (NHI) is a real estate investment trust (REIT) that primarily invests in senior living and healthcare properties in the United States. The company was founded in 1991 and is headquartered in Murfreesboro, Tennessee.
NHI is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol NHI. The company has a market capitalization of over $3 billion and has been consistently recognized by Forbes as one of America's Best Midsize Employers.
NHI's portfolio consists of over 270 properties in 36 states, including senior living communities, nursing homes, medical office buildings, and hospitals. The company's properties are primarily leased to operators on a triple-net lease basis, meaning the operator is responsible for all property maintenance, taxes, and insurance.
NHI works with a diverse group of experienced operators, including industry leaders such as Brookdale Senior Living, Encompass Health, and Five Star Senior Living. The company's portfolio of properties is well-diversified both geographically and in terms of the types of properties it owns, which helps to mitigate risk.
As of the end of 2020, NHI's portfolio was valued at over $4.7 billion and the company had total assets of over $5.5 billion. NHI's strategy is to invest in high-quality, income-producing healthcare properties that provide stable cash flows and long-term growth.
NHI is committed to sustainability and has made efforts to reduce its carbon footprint through initiatives such as energy-efficient lighting and HVAC systems, planting trees, and installing solar panels on some of its properties.
In terms of financials, NHI has a strong balance sheet with low leverage and consistent profitability. The company has a history of paying quarterly dividends to shareholders and has increased its dividend payout for 18 consecutive years as of 2021.
Overall, National Health Investors Inc. is a well-established and reputable REIT with a solid track record of investing in high-quality healthcare properties that produce stable income and long-term growth for its investors.
NHI is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol NHI. The company has a market capitalization of over $3 billion and has been consistently recognized by Forbes as one of America's Best Midsize Employers.
NHI's portfolio consists of over 270 properties in 36 states, including senior living communities, nursing homes, medical office buildings, and hospitals. The company's properties are primarily leased to operators on a triple-net lease basis, meaning the operator is responsible for all property maintenance, taxes, and insurance.
NHI works with a diverse group of experienced operators, including industry leaders such as Brookdale Senior Living, Encompass Health, and Five Star Senior Living. The company's portfolio of properties is well-diversified both geographically and in terms of the types of properties it owns, which helps to mitigate risk.
As of the end of 2020, NHI's portfolio was valued at over $4.7 billion and the company had total assets of over $5.5 billion. NHI's strategy is to invest in high-quality, income-producing healthcare properties that provide stable cash flows and long-term growth.
NHI is committed to sustainability and has made efforts to reduce its carbon footprint through initiatives such as energy-efficient lighting and HVAC systems, planting trees, and installing solar panels on some of its properties.
In terms of financials, NHI has a strong balance sheet with low leverage and consistent profitability. The company has a history of paying quarterly dividends to shareholders and has increased its dividend payout for 18 consecutive years as of 2021.
Overall, National Health Investors Inc. is a well-established and reputable REIT with a solid track record of investing in high-quality healthcare properties that produce stable income and long-term growth for its investors.
National Health Investors Inc. (NHI) operates as a specialized real estate investment trust (REIT) focused exclusively on the healthcare sector. The company’s portfolio primarily consists of healthcare properties that serve various aspects of the healthcare continuum, providing essential services to an aging population and individuals with acute and chronic health needs. The organization strategically invests in real estate for healthcare operations, ensuring that their investments align with the evolving needs of healthcare service providers.
Segments
National Health Investors organizes its business model into three primary segments:
1. Senior Housing:
- The Senior Housing segment represents the largest portion of NHI’s revenue, contributing over 50% of its total income. This segment specifically includes a range of residential options for senior citizens, such as:
- Assisted Living Facilities: These facilities provide support with daily living activities for seniors who do not require intensive medical care but may need help with routine tasks such as bathing, dressing, and medication management.
- Independent Living Communities: Offering seniors a lifestyle that fosters independence, these communities typically provide housing along with amenities and social activities, encouraging a vibrant community life while ensuring essential services are available.
- Memory Care Homes: Specialized facilities within the Senior Housing segment designed to provide care for individuals with Alzheimer’s disease and other types of dementia. These homes are equipped to support residents with tailored programs that address their cognitive needs.
2. Skilled Nursing:
- The Skilled Nursing segment encompasses facilities that provide a higher level of medical care, differentiating it from the Senior Housing segment. Key types of properties in this segment include:
- Nursing Homes: Long-term care facilities where residents receive 24/7 skilled medical care, rehabilitation, and assistance with daily living activities.
- Continuing Care Retirement Communities (CCRCs): These communities offer a continuum of care that ranges from independent living to nursing care, allowing residents to age in place without relocating.
- Rehabilitation Hospitals: Facilities focused on post-acute care, offering physical, occupational, and speech therapy to help patients recover and regain independence after surgery, injury, or illness.
3. Other Healthcare Services:
- This segment includes healthcare properties that provide services outside of traditional senior housing and nursing care. Properties may include:
- Medical Office Buildings: These are often located in proximity to hospitals and other healthcare facilities, housing outpatient services, specialist practices, and diagnostic centers.
- Surgery Centers: Facilities designed for outpatient surgical procedures that do not require hospital admission, thereby improving patient access to essential surgical services.
- Hospitals: Acute care hospitals that offer a wide range of services, including emergency care, surgical services, and specialized medical treatment.
- Specialized Healthcare Facilities: This can include therapy centers, diagnostic imaging centers, and other modalities that enhance community health services.
Products
National Health Investors delivers its mission through several key products:
1. Healthcare Properties:
- NHIs core product portfolio consists of a diverse array of healthcare properties tailored to serve the unique needs of the senior population and those requiring ongoing medical care. Their investments emphasize high-quality locations, often positioned near other healthcare resources and essential services to support patient accessibility and convenience.
2. Investments:
- The company employs a variety of investment models to finance healthcare operations, including:
- Equity Investments: Direct ownership stakes in properties, allowing NHI to participate in the appreciation and cash flow generated by the facilities.
- Direct Loans: Providing capital directly to healthcare operators for expansions, refurbishments, or operational enhancements.
- Sale-Leaseback Transactions: Acquiring facilities from operators while concurrently leasing them back, allowing the operator to access necessary capital while maintaining operational control of the property. This model enhances liquidity for providers without compromising service delivery.
3. Leases:
- NHI opts for long-term leasing agreements, typically spanning 10 to 15 years, with operators of healthcare properties. These leases are crafted to facilitate stable, predictable revenue streams for NHI, while offering operators a secure foundation that promotes long-term capital planning and investment in quality care.
Services
In addition to its investment and leasing operations, National Health Investors extends valuable services to healthcare providers:
1. Financing:
- NHI’s financing options are strategically designed to allow healthcare operators to obtain the capital they need for various operational requirements. This may include financing for:
- Facility expansions
- Renovations to improve resident experiences
- Acquisitions of additional properties or equipment
- By providing flexible financial solutions, NHI enhances the operational capabilities of its tenants and promotes the delivery of quality healthcare.
2. Operating Expertise:
- The company leverages its vast experience in healthcare real estate to assist operators in improving their operations. This can encompass:
- Operational Efficiency: Providing insights to help reduce waste and maximize the efficient use of resources.
- Staffing Strategies: Assessing current staffing levels and helping to develop recruitment and retention strategies tailored to the needs of healthcare environments.
- Market Positioning: Offering support in branding, marketing, and community relations to enhance the visibility and attractiveness of facilities to potential residents and patients.
In summary, National Health Investors Inc. reigns as a crucial player in the healthcare real estate industry, investing in and leasing an extensive range of properties that cater to senior living and skilled nursing services. The companys carefully defined segments, diverse product offerings, and supportive services for operators underscore its commitment to enhancing healthcare delivery and promoting quality care across its portfolio.
Segments
National Health Investors organizes its business model into three primary segments:
1. Senior Housing:
- The Senior Housing segment represents the largest portion of NHI’s revenue, contributing over 50% of its total income. This segment specifically includes a range of residential options for senior citizens, such as:
- Assisted Living Facilities: These facilities provide support with daily living activities for seniors who do not require intensive medical care but may need help with routine tasks such as bathing, dressing, and medication management.
- Independent Living Communities: Offering seniors a lifestyle that fosters independence, these communities typically provide housing along with amenities and social activities, encouraging a vibrant community life while ensuring essential services are available.
- Memory Care Homes: Specialized facilities within the Senior Housing segment designed to provide care for individuals with Alzheimer’s disease and other types of dementia. These homes are equipped to support residents with tailored programs that address their cognitive needs.
2. Skilled Nursing:
- The Skilled Nursing segment encompasses facilities that provide a higher level of medical care, differentiating it from the Senior Housing segment. Key types of properties in this segment include:
- Nursing Homes: Long-term care facilities where residents receive 24/7 skilled medical care, rehabilitation, and assistance with daily living activities.
- Continuing Care Retirement Communities (CCRCs): These communities offer a continuum of care that ranges from independent living to nursing care, allowing residents to age in place without relocating.
- Rehabilitation Hospitals: Facilities focused on post-acute care, offering physical, occupational, and speech therapy to help patients recover and regain independence after surgery, injury, or illness.
3. Other Healthcare Services:
- This segment includes healthcare properties that provide services outside of traditional senior housing and nursing care. Properties may include:
- Medical Office Buildings: These are often located in proximity to hospitals and other healthcare facilities, housing outpatient services, specialist practices, and diagnostic centers.
- Surgery Centers: Facilities designed for outpatient surgical procedures that do not require hospital admission, thereby improving patient access to essential surgical services.
- Hospitals: Acute care hospitals that offer a wide range of services, including emergency care, surgical services, and specialized medical treatment.
- Specialized Healthcare Facilities: This can include therapy centers, diagnostic imaging centers, and other modalities that enhance community health services.
Products
National Health Investors delivers its mission through several key products:
1. Healthcare Properties:
- NHIs core product portfolio consists of a diverse array of healthcare properties tailored to serve the unique needs of the senior population and those requiring ongoing medical care. Their investments emphasize high-quality locations, often positioned near other healthcare resources and essential services to support patient accessibility and convenience.
2. Investments:
- The company employs a variety of investment models to finance healthcare operations, including:
- Equity Investments: Direct ownership stakes in properties, allowing NHI to participate in the appreciation and cash flow generated by the facilities.
- Direct Loans: Providing capital directly to healthcare operators for expansions, refurbishments, or operational enhancements.
- Sale-Leaseback Transactions: Acquiring facilities from operators while concurrently leasing them back, allowing the operator to access necessary capital while maintaining operational control of the property. This model enhances liquidity for providers without compromising service delivery.
3. Leases:
- NHI opts for long-term leasing agreements, typically spanning 10 to 15 years, with operators of healthcare properties. These leases are crafted to facilitate stable, predictable revenue streams for NHI, while offering operators a secure foundation that promotes long-term capital planning and investment in quality care.
Services
In addition to its investment and leasing operations, National Health Investors extends valuable services to healthcare providers:
1. Financing:
- NHI’s financing options are strategically designed to allow healthcare operators to obtain the capital they need for various operational requirements. This may include financing for:
- Facility expansions
- Renovations to improve resident experiences
- Acquisitions of additional properties or equipment
- By providing flexible financial solutions, NHI enhances the operational capabilities of its tenants and promotes the delivery of quality healthcare.
2. Operating Expertise:
- The company leverages its vast experience in healthcare real estate to assist operators in improving their operations. This can encompass:
- Operational Efficiency: Providing insights to help reduce waste and maximize the efficient use of resources.
- Staffing Strategies: Assessing current staffing levels and helping to develop recruitment and retention strategies tailored to the needs of healthcare environments.
- Market Positioning: Offering support in branding, marketing, and community relations to enhance the visibility and attractiveness of facilities to potential residents and patients.
In summary, National Health Investors Inc. reigns as a crucial player in the healthcare real estate industry, investing in and leasing an extensive range of properties that cater to senior living and skilled nursing services. The companys carefully defined segments, diverse product offerings, and supportive services for operators underscore its commitment to enhancing healthcare delivery and promoting quality care across its portfolio.