National Health Investors, Inc. NHI | NYSE

Dividends

Company Overview:

Market Cap: $3.09B
Trailing PE: 4.4x
FWD PE *: 20.3x
Payout Ratio (TTM): 19.1%
52-Week Range: $62.70 - $91.38

* Forward PE is based on street estimates.

10 Year NHI Performance Metrics:

Total Return (with DRIP): 51.9% (4.27% CAGR)
Total Return (no DRIP): 40.3% (3.44% CAGR)
Share Price: -11.2% (-1.19% CAGR)
Yield on Cost (with DRIP): 9.07%
Total Invested: $10,000
Total Value (with DRIP): $15,193
Total Return $ (with DRIP): $5,193
Dividend Increase: -3.2% (-0.33% CAGR)
Dividend Yield (FWD): 5.97% ($3.76)
NHI 10-yr Total Return ($10K invested)
1M 3M 6M YTD 1Y 3Y 5Y 10Y
NHI Share Price
1M 3M 6M YTD 1Y 3Y 5Y 10Y All
NHI Price CAGR:1Y: -18.09%2Y: -10.28%5Y: 2.20%10Y: -1.19%
NHI Dividend Charts
NHI - Dividends
NHI Dividend CAGR:1Y: 2.17%2Y: 2.20%5Y: 0.87%10Y: 0.44%
NHI - Dividend Payout Ratio
NHI Dividend Payout Ratio CAGR:1Y: -93.83%2Y: -75.81%5Y: -43.06%10Y: -22.80%
NHI - Dividend to Free Cash Flow Ratio
NHI Dividend to FCF Ratio CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
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NHI - Chart 1
NHI - Chart 2
NHI - Chart 3

NHI Financials: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

Revenue
NHI Revenue CAGR:1Y: 26.31%2Y: 16.97%5Y: 8.98%10Y: 6.02%
Earnings Per Share (EPS)
NHI EPS CAGR:1Y: 1,562.32%2Y: 320.07%5Y: 76.48%10Y: 30.03%
Net Income
NHI Net Income CAGR:1Y: 1,635.10%2Y: 344.35%5Y: 78.83%10Y: 32.80%
EBITDA
NHI EBITDA CAGR:1Y: 815.05%2Y: 216.31%5Y: 69.45%10Y: 25.93%
Free Cash Flow
NHI Free Cash Flow CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
Free Cash Flow / Share
NHI Free Cash Flow / Share CAGR:1Y: -30.97%2Y: -11.60%5Y: -4.75%10Y: 12.97%
Operating Income
NHI Operating Income CAGR:1Y: -32.47%2Y: -20.00%5Y: 4.25%10Y: -4.14%
Gross Profit
NHI Gross Profit CAGR:1Y: -14.55%2Y: -3.56%5Y: 0.00%10Y: 0.00%
Shares Outstanding
NHI Shares Outstanding CAGR:1Y: 2.98%2Y: 5.59%5Y: 1.35%10Y: 2.15%
Share Buybacks
NHI Share Buybacks CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
Stock-Based Comp
NHI Stock-Based Comp CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
Expenses
NHI Expenses CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
Revenue vs Net Income
EPS vs FCF / Share
EPS vs PE Ratio
FCF vs FCF / Share
FCF vs Stock Based Comp
Cash & Debt
Revenue by Segment
NHI Revenue CAGR:1Y: 26.31%2Y: 16.97%5Y: 8.98%10Y: 6.02%

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

REVENUE: Actual + Estimates
NHI Actual Revenue CAGR:1Y: 26.31%2Y: 16.97%5Y: 8.98%10Y: 6.02%
EPS: Actual + Estimates
NHI Actual EPS CAGR:1Y: 1,562.32%2Y: 320.07%5Y: 76.48%10Y: 30.03%
NET INCOME: Actual + Estimates
NHI Actual Net Income CAGR:1Y: 1,635.10%2Y: 344.35%5Y: 78.83%10Y: 32.80%
EBITDA: Actual + Estimates
NHI Actual EBITDA CAGR:1Y: 815.05%2Y: 216.31%5Y: 69.45%10Y: 25.93%

Ratios, Profit Margins & Return on Capital:

Net Profit Margin
NHI Net Profit Margin CAGR:1Y: 1,257.49%2Y: 279.88%5Y: 64.10%10Y: 25.26%
Gross Profit Margin
NHI Gross Profit Margin CAGR:1Y: -32.35%2Y: -17.55%5Y: -7.25%10Y: -4.07%
Price to Earnings
NHI Price to Earnings CAGR:1Y: -95.03%2Y: -78.86%5Y: -40.94%10Y: -24.36%
Price To Sales Ratio
NHI Price To Sales Ratio CAGR:1Y: -32.43%2Y: -19.77%5Y: -3.12%10Y: -5.27%
Return on Capital Employed
NHI Return on Capital Employed CAGR:1Y: -46.28%2Y: -35.25%5Y: 2.12%10Y: -7.05%
Return on Invested Capital
NHI Return on Invested Capital CAGR:1Y: -44.16%2Y: -30.45%5Y: 12.08%10Y: -6.80%

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NHI Dividends Info:

Annual Dividend: $3.76
Forward Yield: 5.97%
Ex-Dividend Date: 2026-09-30
Lifetime Dividends / Share: $97.85

Projected Future Returns & Dividends for NHI

Based on past 10-year performance, here are NHI growth metrics:

Share price CAGR of -1.19%
Dividend CAGR of +0.44%

Using NHI CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

NHI (DRIP)NHI - No DRIP
Current Price$62.95$62.95
Start Shares158.86158.86
Start Value$10,000$10,000
  
After 10 years:
Final Share Count300.78158.86
Dividends Payment$0.98$0.98
Annual Dividends$1,182$624
Yield on cost11.82%6.24%
Share Price$55.88$55.88
Total Dividends$8,406$6,093
Final Value$16,806$14,969

Estimated Future Value + Dividends - NHI

NOTE: Above numbers are our estimate based on NHI's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

Company Info

National Health Investors, Inc. (NHI) had its IPO on 1991-10-09, and is traded on NYSE stock exchange.

Established in 1991, National Health Investors, Inc. (NYSE: NHI) operates as a real estate investment trust (REIT) primarily focused on providing capital for senior living and medical real estate assets. The company facilitates this through diverse financing options, including sale-leaseback arrangements, joint ventures, and various debt instruments such as mortgage and mezzanine loans, targeting properties that cater to both essential care needs and discretionary services. NHI's broad holdings feature independent living, assisted living, and memory care facilities, as well as entrance-fee retirement communities, skilled nursing homes, medical office complexes, and specialized hospitals.

NHI website: https://www.nhireit.com


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DCF Model — NHI

Value from:
Pay up to today
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vs current price $62.95
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Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today
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grows for the next years
Then mature
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every future dollar counted back to today
Pile of today-dollars
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÷ shares
Implied price path
YearFCFImplied price
Sensitivity — fair value: growth ↓ × target return →