National Health Investors Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	23.97	23.71	21.8	24.7	15.78
Service and Other Revenue	80.06	54.42	48.81	35.8	122.57
Revenue	375.63	335.18	319.84	278.19	138.35
Revenue Growth (YoY)	12.07%	4.80%	14.97%	101.08%	5.03%
Property Expenses	60.93	42.25	39.59	28.19	92.78
Service and Other Expenses	-	-	-	-	47.59
Total Property Expenses	60.93	42.25	39.59	28.19	140.37
Property Taxes	10.98	11.17	11.51	9.79	-
Gross Profit	303.72	281.77	268.74	240.21	-2.02
Selling, General & Admin	32.19	21.83	20.27	26.17	12.53
Depreciation & Amortization Expenses	80.94	71.44	69.97	70.88	5.4
Other Operating Expenses	-3.45	5.3	1.38	61.91	-
Operating Income	194.04	183.2	177.12	81.26	-19.96
Net Gains on Disposal of Properties	0.46	6.68	14.74	27.63	-0.11
Interest Income	3.66	0.4	0.56	0.57	0.03
Interest Expense	-57.37	-59.9	-58.16	-44.92	-1
Other Non-Operating Income (Expense)	-	6.26	0.13	0.96	-0.2
Total Non-Operating Income (Expense)	-53.25	-46.56	-42.74	-15.75	-1.27
Pretax Income	140.79	136.64	134.38	65.5	-21.23
Net Income	284.15	275.85	271.25	132.81	-21.23
Minority Interest in Earnings	-1.59	-1.46	-1.33	-0.9	-
Net Income to Common	284.15	275.85	271.25	132.81	-21.23
Net Income Growth	3.01%	1.70%	104.25%	-	-
Shares Outstanding (Basic)	47	44	43	45	46
Shares Outstanding (Diluted)	47	44	43	45	46
Shares Change (YoY)	6.69%	1.64%	-3.14%	-2.04%	2.31%
EPS (Basic)	3.03	3.14	3.13	1.48	2.45
EPS (Diluted)	3.02	3.13	3.13	1.48	2.44
EPS Growth	-3.51%	-	111.49%	-39.34%	-41.06%
Free Cash Flow	-57.47	49.84	134.89	174.35	-37.55
Free Cash Flow Growth	-	-63.06%	-22.63%	-	-
Free Cash Flow Per Share	-1.22	1.13	3.11	3.89	-0.82
Dividends Per Share	3.640	3.600	3.600	3.600	3.803
Dividend Growth	1.11%	-	-	-5.33%	-13.78%
Gross Margin	80.86%	84.06%	84.02%	86.35%	-1.46%
Operating Margin	51.66%	54.66%	55.38%	29.21%	-14.42%
Profit Margin	37.48%	40.77%	42.02%	23.55%	-15.34%
FCF Margin	-15.30%	14.87%	42.18%	62.67%	-27.14%
EBITDA	277.88	257.54	249.61	159.69	-4.98
EBITDA Margin	73.98%	76.84%	78.04%	57.40%	-3.60%
EBIT	194.04	183.2	177.12	81.26	-19.96
EBIT Margin	51.66%	54.66%	55.38%	29.21%	-14.42%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q