NHI NATIONAL HEALTH INVESTORS INC

FY2025 10-K
Filed: Feb 26, 2026
Financials
Real Estate Investment TrustsSEC EDGAR

NATIONAL HEALTH INVESTORS INC (NHI) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: Investment in healthcare real estate and selective investments in healthcare operators
  • New emphasis on CMS final rule (Nov 2023) requiring Medicare/Medicaid SNFs to disclose ownership details publicly, increasing scrutiny on REITs and private equity
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Management Discussion & Analysis

  • Revenue and profit details for 2025 vs 2024 not disclosed in provided text
  • No segment performance data included for 2025 fiscal year
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Risk Factors

  • Regulatory risk from recent tax law OBBBA effective 2025; increases REIT TRS asset test from 20% to 25% and affects interest deduction limits
  • Geopolitical/macro risk: Exposure to operators under financial distress, e.g., Bickford’s non-performing mezzanine loan of $1.3M and going concern doubts
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Financial Summary
XBRL

Revenue

$80M

Net Income

$142M

Net Margin

177.6%

ROE

9.3%

Total Assets

$2.8B

EPS (Diluted)

$3.02

Operating Cash Flow

$237M

Source: XBRL data from NATIONAL HEALTH INVESTORS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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