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Saturday 7 November 2026 Export NHI’s income statement to Excel — free account

National Health Investors, Inc.

NHI Real Estate Reit Healthcare Facilities

National Health Investors, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $375.6 million, up 12.1% from fiscal 2024.

Revenue
+33.8%
EPS
+45.6%
Free cash flow
+2,585.5%
Total debt
+13.9%

Quarter to June 2026, against a year earlier

71.11 0.47 −0.66%
Market cap
$3.5B
P/E
20.5×
Fwd P/E
16.5×
Dividend yield
5.20%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

National Health Investors, Inc. (NHI) Debt to equity

Alert me on Debt to equity

National Health Investors, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.8×, up 0.0× from fiscal 2025 (0.8×). Over the past ten years it has ranged from 0.8× (fiscal 2025) to 1.0× (fiscal 2020) — the current reading is the lowest in ten years. That is in line with the Reit Healthcare Facilities industry median of 0.8× and above the Real Estate sector median of 0.7×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.8× (8.69%)
FY2024 0.8× (7.19%)
FY2023 0.9× 0.15%
FY2022 0.9× 9.41%
FY2021 0.8× (16.78%)
FY2020 1.0× 2.40%
FY2019 1.0× 4.24%
FY2018 0.9× 6.45%
FY2017 0.9× (6.09%)
FY2016 0.9× 15.27%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.8× (3.20%)
Mar 2026 0.8× 9.61%
Dec 2025 0.8× 2.18%
Sep 2025 0.7× (0.97%)
42 more quarters

Against its own ten years

Low 0.8× High 1.0×
Ten-year median 0.9×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
NHP National Healthcare Properties, Inc. compare 0.0×
HR Healthcare Realty Trust Incorporated compare 0.0×
AHR American Healthcare REIT, Inc. compare 0.1×
CTRE CareTrust REIT, Inc. compare 0.4×
LTC LTC Properties, Inc. compare 0.6×
NHI National Health Investors, Inc. 0.8×
SBRA Sabra Healthcare REIT, Inc. compare 0.9×
DHC Diversified Healthcare Trust compare 1.6×
MPT Medical Properties Trust, Inc. compare 2.0×
Reit Healthcare Facilities industry median 0.8×
Real Estate sector median 0.7×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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