NHI - National Health Investors FFO of $1.06 misses by $0.02 revenue of $77.88M misses by $1.66M

2023-08-08 16:37:50 ET

• National Health Investors press release ( NYSE: NHI ): Q2 FFO of $1.06 misses by $0.02 .
• Revenue of $77.88M (+30.0% Y/Y) misses by $1.66M .
• During the third quarter of 2023, NHI sold one ALF located in Oregon for approximately $2.9 million in cash consideration, net of transaction costs. The property was classified in assets held for sale on the Condensed Consolidated Balance Sheet as of June 30, 2023 with an aggregate book value of $2.3 million. Prior impairment charges recognized on the property totaled $3.1 million.
• 2023 Outlook: NAREIT FFO per share $4.35-$4.39; NFFO  $4.31-$4.35.

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