National Health Investors Inc income statement
In fiscal 2025, National Health Investors Inc reported revenue of $376m, up 12.1% on the year before and net income of $142m, or $3.02 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 63 | 83 | 84 | 93 | 118 | 178 | 229 | 248 | 279 | 295 | 318 | 333 | 299 | 278 | 320 | 335 | 376 | 432 |
| General and administrative | 5 | 8 | 8 | 8 | 9 | 9 | 11 | 10 | 12 | 13 | 13 | 13 | 18 | 23 | 19 | 21 | 27 | 31 |
| Operating income | 49 | 62 | 70 | 73 | 79 | 103 | 150 | — | — | — | — | — | — | — | — | — | — | — |
| Interest expense | — | 2 | 4 | 3 | 9 | 26 | 38 | 43 | 46 | 49 | 56 | 53 | 51 | 45 | 58 | 60 | 57 | 59 |
| Net interest income | — | — | — | — | — | — | — | — | — | — | — | — | — | 240 | 269 | — | — | — |
| Provision for credit losses | — | 0 | 0 | 0 | — | — | — | — | — | — | — | 1 | 0 | 11 | 0 | 5 | 3 | 5 |
| Income before tax | — | 62 | 60 | 68 | 76 | 103 | 127 | 119 | 151 | 155 | 161 | — | — | — | — | — | — | — |
| Income tax | — | 0 | 0 | 0 | 0 | 0 | −1 | 1 | 0 | 0 | — | — | — | — | — | — | — | — |
| Net income | 64 | 69 | 81 | 91 | 106 | 102 | 149 | 152 | 159 | 154 | 160 | 185 | 112 | 66 | 136 | 138 | 142 | 167 |
| Diluted EPS | $2.32 | $2.50 | $2.92 | $3.26 | $3.74 | $3.04 | $3.95 | $3.87 | $3.87 | $3.67 | $3.67 | $4.14 | $2.44 | $1.48 | $3.13 | $3.13 | $3.02 | $3.46 |
| Diluted shares (average) | 28m | 28m | 28m | 28m | 28m | 33m | 38m | 39m | 41m | 42m | 44m | 45m | 46m | 45m | 43m | 44m | 47m | 48m |
| EBITDA | — | — | — | — | — | 141 | 203 | — | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83 | 86 | 89 | 91 | 90 | 106 | 115 | 121 |
| General and administrative | 5 | 5 | 7 | 6 | 6 | 8 | 8 | 9 |
| Interest expense | 15 | 15 | 14 | 15 | 14 | 14 | 15 | 16 |
| Net interest income | 69 | — | — | — | — | — | — | — |
| Provision for credit losses | 3 | 1 | 0 | −1 | −2 | 7 | −0 | 0 |
| Income before tax | — | — | — | 35 | — | — | — | 56 |
| Income tax | — | — | — | 0 | — | — | — | 1 |
| Net income | 29 | 43 | 34 | 37 | 33 | 38 | 40 | 56 |
| Diluted EPS | $0.65 | $0.96 | $0.74 | $0.79 | $0.69 | $0.80 | $0.82 | $1.15 |
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