NHI Reports Q2 2026 Earnings with Strong Net Income Growth
National HealthCare Corporation (NHC) reported second-quarter earnings for fiscal year 2026, showing a significant increase in net income per share to $1.15 due largely to a $22 million gain from real estate sales. The company's NAREIT FFO and normalized FFO both remained flat or slightly declined compared to the prior-year period, primarily affected by increased personnel costs and interest expenses. Despite these challenges, total SHOP (Senior Housing Operating Properties) NOI surged 188.5% due to recent property acquisitions and transitions. The company also completed a $560 million portfolio disposition in July, expected to generate an approximate gain of $541.6 million by the third quarter. NHI raised its quarterly dividend from $0.92 to $0.94 per share, signaling confidence in future growth. The firm has a robust investment pipeline with over $127 million under signed letters of intent and plans for additional deals totaling up to $420 million outside major portfolio transactions.
Tickers: $NHI