NH Investors Reports Q3 2026 Earnings Driven by National Healthcare Corporation Portfolio Sale
NH Investors (NHI) reported significant third-quarter results, highlighted by a net income per diluted share of $11.47, a substantial increase from $0.69 in the prior year. This surge was primarily driven by a $541.6 million gain resulting from the disposal of the National Healthcare Corporation portfolio. However, normalized Funds From Operations (FFO) per diluted share fell 15.2% to $1.12 due to the impact of these real estate dispositions. The company is actively pivoting its strategy, increasing Senior Housing Operating Property (SHOP) contribution from 9% to 18% of total net operating income. While rental income decreased by 2.5% following property sales, SHOP NOI saw a massive 134% year-over-year increase. Management maintains a strong liquidity position of $1 billion and is focused on deploying capital through Section 1031 exchanges to support its evolving portfolio mix.