National Health Investors, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 09, 2021 at 04:17 pm EDT
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National Health Investors, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 74.330 million compared to USD 84.174 million a year ago. Net income was USD 39.183 million compared to USD 44.368 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 0.99 a year ago. For the half year, total revenue was USD 155.215 million compared to USD 167.271 million a year ago. Net income was USD 74.513 million compared to USD 105.392 million a year ago. Basic earnings per share from continuing operations was USD 1.63 compared to USD 2.36 a year ago.
National Health Investors, Inc. is a real estate investment trust. The Company specializes in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company operates through two segments: Real Estate Investments and Senior Housing Operating Portfolio. The Real Estate Investments segment consists of real estate investments and lease, mortgage, and other notes receivables in independent living facilities, assisted living facilities, entrance-fee communities, senior living campuses, skilled nursing facilities and a hospital. It has 163 healthcare real estate properties located in 31 states and leased primarily pursuant to triple-net leases to 25 tenants. The SHOP segment is comprised of two ventures that own the operations of independent living facilities. The SHOP segment has 15 properties located in eight states with a combined 1,733 units.