National Health Investors: Fourth Quarter Earnings Overview

National Health Investors Reports Fourth Quarter Earnings

National Health Investors Inc., a real estate investment trust headquartered in Murfreesboro, Tennessee, announced its fourth quarter financial results on Thursday. The company's performance did not meet the expectations set by Wall Street analysts.

During the quarter, the trust reported funds from operations totaling $57.9 million, which equates to $1.22 per share.

Analysts surveyed by Zacks Investment Research had anticipated funds from operations to reach $1.24 per share.

Funds from operations is a key metric for REITs, as it adjusts net income by adding back non-cash expenses like depreciation and amortization.

National Health Investors also reported a net income of $38.1 million, or $0.80 per share, for the quarter.

Total revenue for the period was $105.8 million.

For the full year, the company recorded $231.2 million in funds from operations and $375.6 million in revenue.

Looking ahead, National Health Investors projects its annual funds from operations to be between $4.94 and $4.99 per share.