NHI Earnings Prediction
The chart below shows how NHI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NHI sees a -0.40% change in stock price 10 days leading up to the earnings, and a +1.21% change 10 days following the report. On the earnings day itself, the stock moves by -0.07%. This data can give you a slight idea of what to expect for the next quarter's release.
NHI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
82.94M
3.54%
-2.38%
Gross Margin
83.69%
-0.17%
-0.86%
Operating Margin
56.08%
-0.48%
-4.33%
Net Margin
34.05%
-6.04%
-17.21%
EPS
0.65
-4.41%
-19.75%
No Data Available
NHI Earnings Analysis
National Health Investors Corporation (NHI.N) Earnings Conference Call
Positive
Strong SHOP Occupancy Growth: Our SHOP occupancy continues to show strong growth at 88.6% for the quarter, approaching levels at which we believe we can start to drive more rate growth with significant margin upside likely to follow.
Investment Performance Overview: Year-to-date we've closed on investments totaling over $205 million at an average initial yield of approximately 8.4%.
Major Acquisition Announcement: This includes $121 million acquisition of the Spring Arbor portfolio of 10 senior living communities in North Carolina, our largest acquisition since 2020.
Investment Opportunities Overview: We have sourced opportunities of more than $1.9 billion. Of this amount, we have board approved signed LOI investment opportunities of $59.8 million that we expect to close this year and/or early next year.
Portfolio Expansion Strategy: We are also pursuing several large portfolios including SHOP and skilled nursing deals, which are not included in our pipeline numbers.
Negative
Net Income Comparison: Our net income per diluted common share for the quarter ended September 30, 2024 was $0.65 compared to $0.68 for the same period last year.
FFO Results Decline: Our NAREIT and normalized FFO results per diluted common share decreased 4.6% to $1.03 for the quarter ended September 30 compared to the prior year's third quarter.
Quarterly FAD Increase: FAD for the quarter increased 2.5% to $49.4 million from $48.2 million in the prior year's third quarter.
FAD Results Increase: Our FAD results for the nine month period ended September 30, 2024 are up 8.3% compared to the same period last year.
Normalized FFO Decline: Our normalized FFO was sequentially down $5.7 million due to the $2.9 million sequential reduction in cash revenue and also the $3 million in sequentially higher credit loss expense net of other changes totaling approximately $200,000.
NHI FAQs
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NHI Earning Call Sentiment
National Health Investors, Inc. (NHI) Q3 2024 Earnings Call Transcript
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NHI.N
0.16%Positive
The earnings call shows a mixed but overall positive outlook. Basic Financial Performance is slightly negative due to decreased EPS and FFO, but strong SHOP NOI growth and stable debt ratios provide balance. Market Strategy and Expenses are positive with stable labor costs and strategic pricing. Shareholder returns are neutral with maintained dividends. Positive insights from Q&A include expected occupancy growth and stable labor costs. The raised 2024 guidance and optimistic SHOP NOI growth suggest a positive stock movement, likely in the 2% to 8% range.