NHINATIONAL HEALTH INVESTORS INC
Real Estate Investment Trusts
- Revenue
- $80M
- 47% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $3.2B
- Employees
- —
- Net debt / EBITDA
- —
- $1.2B net debt
- AI in 10-K
- 1.2
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo166% of net incomeCash flow under 80% of net income
- Dilutive SBCNo7% of revenueOver 10% of revenue
- Payouts exceed cash flowNo72% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo95% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.2 per 10K words · 37th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo6.1× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$3.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$167K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $0 | $36M | $49M | $54M | $80M | 47% |
| Net income | $112M | $66M | $136M | $138M | $142M | 3.0% |
| Operating cash flow | $211M | $185M | $184M | $208M | $237M | 14% |
| Capex | $50M | $11M | $50M | $158M | $294M | 86% |
| Stock-based comp | $5M | $9M | $5M | $4M | $6M | 33% |
| Buybacks | $0 | $152M | $0 | $0 | — | |
| Dividends | $183M | $162M | $156M | $157M | $170M | 8.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $167K · 2
- Open-market sells, 12 mo
- $0 · 0
- Net
- $167K
Pay vs performance
No pay-versus-performance disclosure yet.