National Health Investors, Inc. (NHI)

National Health Investors Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	250.92	249.23	217.7	271.05	307.21	294.18
Other Revenue	53.34	49.72	36.68	-1.55	-3.13	-
Total Revenue	327.01	320.39	278.76	297.17	329.69	318.08
Revenue Growth (YoY	6.44%	14.93%	-6.19%	-9.86%	3.65%	7.97%
Property Expenses	11.22	11.51	9.79	11.64	9.65	5.8
Selling, General & Administrative	20.48	19.82	25.32	19.34	14.56	13.91
Depreciation & Amortization	69.62	69.97	70.88	80.8	83.15	76.82
Provision for Loan Losses	-1.15	-	-	-	-	0.06
Other Operating Expenses	40.73	40.04	29.04	0.79	0.53	1.55
Total Operating Expenses	143.19	141.34	135.03	112.56	107.89	98.01
Operating Income	183.82	179.05	143.74	184.61	221.79	220.07
Interest Expense	-59.66	-58.16	-44.92	-50.81	-52.88	-56.3
Other Non-Operating Income	0.2	0.2	1.11	0.35	-	-
EBT Excluding Unusual Items	124.36	121.09	99.93	134.15	168.91	163.77
Gain (Loss) on Sale of Assets	3.58	14.72	28.34	32.5	21.32	-
Asset Writedown	-1.84	-1.64	-51.56	-51.82	-	-2.5
Other Unusual Items	0.29	0.21	-11.22	-2.86	-4.92	-0.82
Pretax Income	126.38	134.38	65.5	111.97	185.31	160.45
Earnings From Continuing Operations	126.38	134.38	65.5	111.97	185.31	160.45
Earnings From Discontinued Operations	-0.02	-	-	-	-	-
Net Income to Company	126.36	134.38	65.5	111.97	185.31	160.45
Minority Interest in Earnings	1.23	1.27	0.9	-0.16	-0.19	0.01
Net Income	127.59	135.65	66.4	111.8	185.13	160.46
Preferred Dividends & Other Adjustments	0.1	0.06	-	-	-	-
Net Income to Common	127.5	135.6	66.4	111.8	185.13	160.46
Net Income Growth	15.37%	104.29%	-40.61%	-39.61%	15.37%	3.97%
Basic Shares Outstanding	43	43	45	46	45	43
Diluted Shares Outstanding	43	43	45	46	45	44
Shares Change (YoY)	-0.36%	-3.14%	-2.05%	2.31%	2.28%	3.83%
EPS (Basic)	2.94	3.13	1.48	2.45	4.14	3.70
EPS (Diluted)	2.94	3.13	1.48	2.44	4.14	3.67
EPS Growth	16.16%	111.16%	-39.34%	-41.06%	12.81%	-0.00%
Dividend Per Share	3.600	3.600	3.600	3.803	4.410	4.200
Dividend Growth	0%	0%	-5.33%	-13.78%	5.00%	5.00%
Operating Margin	56.21%	55.88%	51.56%	62.12%	67.27%	69.19%
Profit Margin	38.99%	42.32%	23.82%	37.62%	56.15%	50.45%
Free Cash Flow Margin	62.53%	57.57%	66.49%	70.96%	70.42%	75.75%
EBITDA	253.44	249.02	214.62	265.41	304.94	296.89
EBITDA Margin	77.50%	77.72%	76.99%	89.31%	92.49%	93.34%
D&A For Ebitda	69.62	69.97	70.88	80.8	83.15	76.82
EBIT	183.82	179.05	143.74	184.61	221.79	220.07
EBIT Margin	56.21%	55.88%	51.56%	62.12%	67.27%	69.19%
Funds From Operations (FFO)	193.03	190.37	158.96	211.08	246.18	239.72
FFO Per Share	4.44	4.39	3.55	4.62	5.51	5.49
Adjusted Funds From Operations (AFFO)	-	190.37	158.96	211.08	246.18	239.72
AFFO Per Share	-	4.39	3.55	4.62	5.51	5.49
FFO Payout Ratio	80.97%	82.07%	101.77%	86.65%	79.04%	74.98%
Revenue as Reported	326.05	319.84	278.19	298.72	332.81	318.08

Source: S&P Capital IQ. Real Estate template. Financial Sources.