Feed / NHI

National Health Investors, Inc.

NHI

Real Estate · 70.34 +0.2% today

Partial group confirmationMarket checked 11 Sept, 15:55 GMT-4

Market read

National Health Investors, Inc.'s move is spreading beyond its market group.

NHI accounts for 1.6% of the group's measured movement across 5.8 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the downside. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

Session-normalized 5m paths
Role in the moveFlat / inactive path#11 of 12 by movement share
Group movement share1.6%Absolute path energy—not portfolio weight
Relative path+0.14%flat
Effective breadth5.8 / 12balanced
Relative alignment7/12downside path · 3 counter-moving
Capital-flow agreement13%not yet clean
SEQUENCE READ

No material onset for NHI could be timestamped inside the aligned 5-minute window.

EVIDENCE COVERAGE

5 of 19 members in Healthcare REITs are active. 0 of 1 disclosed connections are confirming.

What would change this read
  • At least 13 of 19 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • VTR remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 6 of 19 members or fewer.

Watch this read

Research brief

The story so far

Real Estate · REIT - Healthcare Facilities

NHI accounts for 1.6% of the group's measured movement across 5.8 effective names. raw member direction is mixed; 7 of 12 session-normalized paths align to the downside. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 13 of 19 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • VTR remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements76
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +47.1% year over year.
  • Operating cash flow covered net income at 1.66x in the latest annual period.
Evidence challenging the case
  • Net margin changed -76.0 percentage points in the latest annual period.
  • Diluted shares increased 6.7% in the latest annual period.
Questions before a position
  • EV/sales is 345% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

70.34
6m-17.7%12m-9.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$0$2.44+2.3%
2022-12-31$35.8M$1.48-2.0%
2023-12-31$48.8M+36.4%$3.13-3.1%
2024-12-31$54.4M+11.5%$3.13+1.6%
2025-12-31$80.1M+47.1%$3.02+6.7%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 3 filings
We define Adjusted EBITDA as net income before interest expense, income taxes, depreciation and amortization expense, impairments of real estate properties, gains on dispositions of real estate properties, write-offs of straight-line rents receivable and cert…
10-Q · Aug 10, 2026
Legal and regulatory exposuremixed · 2 filings
The 2031 Senior Notes are subject to affirmative and negative covenants, including financial covenants, with which we were in compliance as of September 30, 2025.
10-Q · Nov 6, 2025
Restructuring and cost reductionsnegative · 2 filings
The change of $7.9 million was primarily due to a decrease in the credit loss reserve of $7.3 million in the nine months ended September 30, 2025 and a real estate impairment charge of $0.7 million on one property in our Real Estate Investments segment in the…
10-Q · Nov 6, 2025
Capital investment and capacitypositive · 1 filings
In addition, changes in federal and state legislation and regulation on climate change could result in increased capital expenditures to improve the energy efficiency of our existing properties and could also require us to spend more on our new development pr…
10-K · Feb 26, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 41.3× · EV/sales 41.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

70.34+0.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NHI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for NHI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind NHI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NHI is currently a Participant in the organic co-movement group Healthcare REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.