National health investors inc (NHI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues:
Rental income

76,527

75,404

75,247

72,578

70,953

70,003

71,688

69,869

69,253

68,113

68,204

65,725

63,127

60,979

59,272

57,028

55,074

54,783

54,459

52,670

52,495

42,944

41,669

41,353

40,313

29,984

27,873

24,067

24,105

20,149

21,116

18,921

21,296

15,139

19,975

18,565

18,929

17,380

17,850

17,500

18,187

15,685

12,118

Interest income and other

6,549

6,792

6,435

5,518

5,154

3,992

3,227

3,087

3,493

3,152

3,148

4,101

3,089

5,971

3,669

3,307

3,160

3,057

2,507

2,521

2,121

1,755

1,754

1,748

1,756

1,756

1,936

1,972

1,969

1,998

1,879

1,847

1,702

1,733

1,689

1,634

1,596

1,576

1,569

1,602

1,996

2,568

2,590

Investment income and other

-

-

-

-

-

-

-

-

-

-

-

-

162

-

310

869

784

823

1,255

1,122

1,135

1,036

1,055

1,059

1,067

1,011

1,040

1,063

1,052

947

1,348

1,054

1,060

-

1,107

-

-

-

-

-

-

-

-

Revenues

83,076

82,196

81,682

78,096

76,107

73,995

74,915

72,956

72,746

71,103

71,352

69,826

66,378

64,987

63,251

61,204

59,018

58,663

58,221

56,313

55,751

45,735

44,478

44,160

43,136

32,751

30,849

27,102

27,126

23,094

24,343

21,822

24,058

9,042

22,771

29,989

21,937

23,875

19,419

19,102

20,183

18,253

14,708

Expenses:
Depreciation

20,443

19,610

19,695

19,020

18,491

18,067

18,153

17,794

17,335

17,187

17,023

16,819

16,144

15,857

15,240

14,695

13,733

13,620

13,485

13,004

13,014

9,705

9,596

9,540

9,237

5,897

5,565

4,391

4,248

2,422

5,791

3,295

3,264

2,722

2,930

2,930

2,868

2,279

2,870

2,929

2,523

2,034

1,660

Interest

14,140

14,374

14,661

13,746

13,518

12,847

12,374

12,220

11,614

11,185

11,746

11,732

11,661

11,364

10,816

10,666

10,262

10,158

9,772

9,287

8,412

5,651

7,005

6,829

6,887

3,219

3,290

1,597

1,123

1,316

854

747

575

1,219

1,781

1,589

-741

379

471

474

228

18

28

Legal

334

98

40

99

270

-396

371

223

111

77

215

146

56

16

156

124

126

168

117

75

104

60

66

10

73

162

55

290

277

342

205

128

91

111

119

141

188

611

85

174

282

337

485

Franchise, excise and other taxes

243

109

121

775

545

309

245

266

346

158

268

267

267

182

271

273

283

328

214

217

226

-185

78

406

306

171

80

93

144

146

271

229

125

196

160

194

287

-55

64

252

278

135

139

General and administrative

4,311

3,611

2,802

2,972

4,014

2,819

2,793

2,765

4,170

3,075

2,513

2,521

4,108

2,555

2,169

2,120

2,929

2,469

1,691

2,514

3,845

2,158

2,164

1,850

2,935

2,083

1,757

2,325

3,089

1,781

1,639

1,593

2,786

1,216

1,234

1,293

3,845

1,397

1,260

1,331

3,806

1,194

1,257

Property taxes and insurance on leased properties

1,553

1,594

1,608

1,506

1,090

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan and realty losses

1,555

-60

0

0

2,500

3,266

0

1,849

0

-

0

0

-

-

1,131

14,726

-

-

0

-491

-

-

0

0

-

0

-2,061

0

4,037

105

-2,300

0

0

-

-99

-

-

-

0

-573

-

-

-

Total operating expenses

42,579

39,336

38,927

38,118

40,428

36,912

33,936

35,117

33,576

31,682

31,765

31,485

32,236

29,973

29,783

42,604

27,333

26,743

25,279

24,606

25,601

17,389

18,909

18,635

19,438

11,532

8,686

8,696

12,918

1,512

11,060

5,992

6,841

5,464

6,125

6,147

6,447

5,980

4,226

3,970

6,889

3,700

3,541

Gains on sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,090

-

-

-

-

-

-

-

-

Income before loss on convertible note retirement

-

-

42,755

39,978

-

-

40,979

37,839

39,170

-

39,587

38,341

34,142

-

33,468

18,600

31,685

-

-

-

-

-

-

-

-

24,451

22,341

18,476

14,230

26,474

13,283

15,860

17,217

12,749

17,736

23,842

15,490

18,167

15,193

15,132

13,294

14,553

11,167

Investment and other gains

-

-

-

-

-

-

-

-

-

0

0

0

10,088

6,175

1,657

26,415

1,665

23,468

1,187

0

0

-

-

-

-

-

-

-

-

-

0

30

-

-

-

9,790

1,412

-3,687

1,241

1,285

1,433

1,856

1,700

Income before equity-method investee, tax benefit (expense), investment and other gains, discontinued operations and noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,920

32,942

31,707

30,150

28,346

25,569

25,525

23,698

21,219

22,163

18,406

14,208

21,582

13,283

15,830

17,217

-

16,646

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-442

-

-

-

0

-

-

-

-

-

-

-

-

-1

-754

-57

-402

-1,003

-252

-283

-229

-228

-53

52

158

54

178

70

22

45

0

0

0

-

0

-

-

-

-

-

-

-

-

Loss on convertible note retirement

-

-

0

0

-

0

0

0

-738

-1,623

-495

-96

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit (expense) of taxable REIT subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

0

933

-23

-161

-402

-100

-113

-92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (Losses) on Sales of Investment Real Estate

21,007

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,963

15,943

14,499

16,391

12,839

Income from operations - discontinued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,339

-

-

-

1,068

1,068

-

5,364

24

1,275

1,304

1,574

1,371

1,242

1,444

1,082

2,576

Gain on sale of real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,370

-

-

-

0

-

-

1

1,048

0

2,299

-

0

2,004

-

-

-

Total discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,660

20,709

1,622

1,693

-

1,068

-

1,133

5,365

1,072

1,275

3,603

1,574

1,371

3,246

1,444

1,082

2,576

Net income

61,062

42,037

42,755

39,978

35,679

-

40,979

37,839

-

-

-

-

-

41,188

33,438

44,981

33,109

54,787

33,977

31,537

30,013

28,103

25,516

25,577

23,856

28,111

43,050

20,098

15,923

41,269

14,351

16,928

18,350

-

18,808

-

-

-

-

-

-

-

-

Less: net loss attributable to noncontrolling interest

39

-3

-3

-1

0

-

0

0

-

-

-

-

-

0

406

386

384

390

377

355

330

571

266

283

323

335

306

178

180

167

0

0

0

-

0

-

-

-

-

-

-

-

-

Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-180

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Net income

61,023

42,040

42,758

39,979

35,679

37,083

40,979

37,839

38,432

37,798

39,092

38,245

44,230

41,188

33,032

44,595

32,725

54,397

33,600

31,182

29,683

27,532

25,250

25,294

23,533

27,776

42,744

19,920

15,743

41,102

14,351

16,928

18,350

18,114

18,808

25,117

19,093

16,955

17,334

19,189

15,943

17,473

15,415

Weighted average common shares outstanding:
Unrealized holding gain arising during the period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-862

209

549

-

-

-

-

-

-

Less: reclassification adjustment for gains included in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,090

-8,655

154

-

-

-

-

-

-

Decrease in fair value of cash flow hedge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

Net gain recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,952

-8,446

395

-

-

-

-

-

-

Total comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,856

16,671

19,488

-

-

-

-

-

-

Basic

44,613

44,107

43,505

43,232

42,825

42,351

42,187

41,704

41,532

41,532

41,108

40,982

39,953

39,847

39,283

38,520

38,401

37,727

37,566

37,566

37,558

34,343

33,055

33,052

33,051

29,821

27,876

27,876

27,876

27,848

27,830

27,792

27,776

27,741

27,729

27,708

27,696

27,686

27,673

27,665

27,632

27,589

27,578

Diluted

44,618

44,328

43,861

43,498

43,125

42,568

42,434

41,786

41,576

41,803

41,448

41,245

40,108

39,993

39,651

38,561

38,414

37,741

37,583

37,607

37,645

34,402

33,088

33,087

33,085

29,859

27,905

27,913

27,911

27,868

27,862

27,820

27,803

27,784

27,789

27,799

27,796

27,783

27,737

27,729

27,681

27,642

27,592

Earnings per common share:
Basic:
Income from continuing operations attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.82

0.79

0.66

0.50

0.94

0.48

0.57

0.62

0.46

0.64

0.86

0.56

0.56

0.57

0.57

0.53

0.59

0.46

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.12

0.74

0.05

0.06

0.53

0.04

0.04

0.04

0.20

0.04

0.04

0.13

0.06

0.05

0.12

0.05

0.04

0.09

Net income attributable to common stockholders - basic

1.37

0.97

0.98

0.92

0.83

0.87

0.97

0.91

0.93

0.91

0.95

0.93

1.11

1.03

0.84

1.16

0.85

1.45

0.89

0.83

0.79

0.80

0.76

0.77

0.71

0.94

1.53

0.71

0.56

1.47

0.52

0.61

0.66

0.66

0.68

0.90

0.69

0.62

0.62

0.69

0.58

0.63

0.55

Diluted:
Income from continuing operations attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.82

0.79

0.66

0.50

0.94

0.48

0.57

0.62

0.45

0.64

0.86

0.56

0.56

0.57

0.57

0.53

0.59

0.46

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.12

0.74

0.05

0.06

0.53

0.04

0.04

0.04

0.20

0.04

0.04

0.13

0.05

0.05

0.12

0.05

0.04

0.09

Net income attributable to common stockholders - diluted

1.37

0.95

0.97

0.92

0.83

0.87

0.97

0.91

0.92

0.90

0.94

0.93

1.10

1.03

0.83

1.16

0.85

1.44

0.89

0.83

0.79

0.81

0.76

0.76

0.71

0.94

1.53

0.71

0.56

1.47

0.52

0.61

0.66

0.65

0.68

0.90

0.69

0.61

0.62

0.69

0.58

0.63

0.55