2024-07-16 13:37:55 ET
Summary
- NHI performed well during COVID-19, with a lower FFO loss and steady debt-to-EBITDA ratio compared to peers.
- Rent coverage for senior housing and skilled nursing facilities has improved, with positive trends in occupancy and NOI margin.
- The recent rally has pushed the stock to a 50% premium to estimated NAV and other metrics look stretched as well.
On our last update on National Health Investors, Inc. ( NHI ) we saw some green shoots that were working well for the REIT. We even preferred NHI over some other REITs in the sector....
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National Health: Strong Returns Carry REIT Into The Sell Zone