Business Segments National Health Investors, Inc.

Stocks

Real-time Estimate Cboe BZX Other stock markets 18:28:35 12/06/2026 BST			5-day change	1st Jan Change
71.60 ^USD	-0.50%		+1.72%	-6.19%

11:14am	Truist Lowers Price Target on National Health Investors to $81 From $89, Keeps Buy Rating	MT
05-05	National Health Investors, Inc., Q1 2026 Earnings Call, May 05, 2026

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Health Care REITs
Real Estate Investment	-	242M	271M	280M	296M
Total Assets	-	2.23B	2.2B	2.33B	2.28B
Interest Expense	-	-3.09M	-3.07M	-3.06M	-929K
CAPEX	-	-30.8M	-	-	-
Gross Profit	-	-	-	269M	285M
D&A	-	64.41M	60.76M	61.25M	66.04M
Net Income	-	132M	209M	207M	225M
Owning and Financing Health Care Properties	297M	-	-	-	-
Total Assets	2.84B	-	-	-	-
Interest Expense	-50.81M	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-50.35M	-	-	-	-
EBT	112M	-	-	-	-
D&A	80.8M	-	-	-	-
Net Income	112M	-	-	-	-
Diversified REITs
Shop	-	35.8M	48.81M	54.42M	80.06M
Total Assets	-	274M	270M	270M	503M
CAPEX	-	-3.3M	-	-	-
Gross Profit	-	-	-	12.17M	19.13M
D&A	-	6.41M	9.16M	10.16M	14.86M
Net Income	-	1.2M	64K	2.01M	4.28M
Non-segment/corporate	-	315K	351K	468K	-
Total Assets	-	8.11M	15.78M	18.83M	11.56M
Interest Expense	-	-41.83M	-55.09M	-56.84M	-56.44M
Gross Profit	-	-	-	468K	-
D&A	-	65K	51K	37K	50K
Net Income	-	-67.9M	-75.13M	-71.98M	-88.68M

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
United States	297M	279M	320M	336M	379M
Total Assets	2.84B	2.51B	2.49B	2.61B	2.8B
Interest Expense	-50.81M	-44.92M	-58.16M	-59.9M	-57.37M
Income Tax Expense	-	-	-	-	-
D&A	80.8M	70.88M	69.97M	71.44M	80.94M
CAPEX	-50.35M	-10.99M	-3.74M	-4.07M	-
Net Income	112M	66.4M	136M	138M	142M
EBT	112M	66.4M	136M	138M	142M