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National Health Investors (NHI) guidance and outlook

National Health Investors' 10-Q filed Nov 9, 2026 makes 16 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 9, 2026

• • A small number of tenants in our portfolio account for a significant percentage of the rental income we expect to generate from our portfolio, and the failure of any of these tenants to meet their obligations to us could materially and adversely affect our business, financial condition and results of operations;
• • We depend on the success of property development and construction activities, which may fail to achieve the operating results we expect;
• • Our ownership of and relationship with any taxable REIT subsidiaries (“TRS”) that we have formed, or will form, will be limited, and a failure to comply with the limits would jeopardize our REIT status and may result in the application of a 100% excise tax;
• • We have ownership limits in our charter with respect to our common stock and other classes of capital stock which may delay, defer or prevent a transaction or a change of control that might involve a premium price for our common stock or might otherwise be in the best interests of our stockholders;
• Our financing arrangements include mortgages, construction loans, mezzanine loans and revolving lines of credit which provide funding for the acquisition or construction of new healthcare properties, renovation and expansion projects at existing healthcare properties and working capital or other corporate needs.
• As of September 30, 2026, we cannot reasonably estimate the probability that any of these tenant purchase options will be exercised in the future.
• We expect the consideration received by us from the exercise of any of these tenant purchase options will exceed the respective property’s net carrying value at the time of the sale.
• Any reduction in outlook or downgrade in our credit ratings from the rating agencies could negatively impact our costs of borrowings.
• Dividends - Our board of directors approves a quarterly dividend on a recurring basis which is reflective of our expected annual taxable income.
• We intend to continue to make new investments that meet our underwriting criteria and where the credit spread over our costs of debt and equity capital on a leverage-neutral basis will generate sufficient returns to our stockholders.
• We do not expect to utilize borrowings to satisfy the payment of dividends and project that our cash flows from operations will be adequate to fund dividends at the current rate.
• We intend to comply with REIT dividend requirements that require us to distribute at least 90% of our annual taxable income.

National Health Investors' latest quarter

Questions

What does National Health Investors expect?

• A small number of tenants in our portfolio account for a significant percentage of the rental income we expect to generate from our portfolio, and the failure of any of these tenants to meet their obligations to us could materially and adversely affect our business, financial condition and results of operations; • We depend on the success of property development and construction activities, which may fail to achieve the operating results we expect; • Our ownership of and relationship with any taxable REIT subsidiaries (“TRS”) that we have formed, or will form, will be limited, and a failure

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Updated Nov 9, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.