National health investors inc (NHI)
Income statement / TTM
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

299,756

294,182

288,781

285,222

282,513

280,813

278,923

275,439

271,295

265,169

258,035

249,103

240,406

232,353

226,157

221,344

216,986

214,407

202,568

189,778

178,461

166,279

153,319

139,523

122,237

106,029

96,194

89,437

84,291

81,482

76,472

75,331

74,975

72,608

74,849

72,724

71,659

70,917

69,222

63,490

0

0

0

Interest income and other

25,294

23,899

21,099

17,891

15,460

13,799

12,959

12,880

13,894

13,490

16,309

16,830

16,036

16,107

13,193

12,031

11,245

10,206

8,904

8,151

7,378

7,013

7,014

7,196

7,420

7,633

7,875

7,818

7,693

7,426

7,161

6,971

6,758

6,652

6,495

6,375

6,343

6,743

7,735

8,756

0

0

0

Investment income and other

-

-

-

-

-

-

-

-

-

-

-

-

1,680

-

2,786

3,731

3,984

4,335

4,548

4,348

4,285

4,217

4,192

4,177

4,181

4,166

4,102

4,410

4,401

4,409

4,569

0

0

-

0

-

-

-

-

-

-

-

-

Revenues

325,050

318,081

309,880

303,113

297,973

294,612

291,720

288,157

285,027

278,659

272,543

264,442

255,820

248,460

242,136

237,106

232,215

228,948

216,020

202,277

190,124

177,509

164,525

150,896

133,838

117,828

108,171

101,665

96,385

93,317

79,265

77,693

85,860

83,739

98,572

95,220

84,333

82,579

76,957

72,246

0

0

0

Expenses:
Depreciation

78,768

76,816

75,273

73,731

72,505

71,349

70,469

69,339

68,364

67,173

65,843

64,060

61,936

59,525

57,288

55,533

53,842

53,123

49,208

45,319

41,855

38,078

34,270

30,239

25,090

20,101

16,626

16,852

15,756

14,772

15,072

12,211

11,846

11,450

11,007

10,947

10,946

10,601

10,356

9,146

0

0

0

Interest

56,921

56,299

54,772

52,485

50,959

49,055

47,393

46,765

46,277

46,324

46,503

45,573

44,507

43,108

41,902

40,858

39,479

37,629

33,122

30,355

27,897

26,372

23,940

20,225

14,993

9,229

7,326

4,890

4,040

3,492

3,395

4,322

5,164

3,848

3,008

1,698

583

1,552

1,191

748

0

0

0

Legal

571

507

13

344

468

309

782

626

549

494

433

374

352

422

574

535

486

464

356

305

240

209

311

300

580

784

964

1,114

952

766

535

449

462

559

1,059

1,025

1,058

1,152

878

1,278

0

0

0

Franchise, excise and other taxes

1,248

1,550

1,750

1,874

1,365

1,166

1,015

1,038

1,039

960

984

987

993

1,009

1,155

1,098

1,042

985

472

336

525

605

961

963

650

488

463

654

790

771

821

710

675

837

586

490

548

539

729

804

0

0

0

General and administrative

13,696

13,399

12,607

12,598

12,391

12,547

12,803

12,523

12,279

12,217

11,697

11,353

10,952

9,773

9,687

9,209

9,603

10,519

10,208

10,681

10,017

9,107

9,032

8,625

9,100

9,254

8,952

8,834

8,102

7,799

7,234

6,829

6,529

7,588

7,769

7,795

7,833

7,794

7,591

7,588

0

0

0

Property taxes and insurance on leased properties

6,261

5,798

4,204

2,596

1,090

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan and realty losses

1,495

2,440

5,766

5,766

7,615

5,115

1,849

1,849

0

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

1,976

2,081

1,842

1,842

-2,195

-2,399

0

0

-

0

-

-

-

0

0

-

-

-

Total operating expenses

158,960

156,809

154,385

149,394

146,393

139,541

134,311

132,140

128,508

127,168

125,459

123,477

134,596

129,693

126,463

121,959

103,961

102,229

92,875

86,505

80,534

74,371

68,514

58,291

48,352

41,832

31,812

34,186

31,482

25,405

29,357

24,422

24,577

24,183

24,699

22,800

20,623

21,065

18,785

18,100

0

0

0

Gains on sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Income before loss on convertible note retirement

-

-

0

0

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

79,498

81,521

72,463

69,847

72,834

59,109

63,562

71,544

69,817

75,235

72,692

63,982

61,786

58,172

54,146

0

0

0

Investment and other gains

-

-

-

-

-

-

-

-

-

10,088

16,263

17,920

44,335

35,912

53,205

52,735

26,320

24,655

0

0

0

-

-

-

-

-

-

-

-

-

0

0

-

-

-

8,756

251

272

5,815

6,274

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126,719

123,145

115,772

109,590

103,138

96,011

92,605

85,486

75,996

76,359

67,479

64,903

67,912

62,976

0

0

-

0

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-1,214

-2,216

-1,714

-1,940

-1,767

-992

-793

-458

-71

211

442

460

324

315

137

67

45

0

0

0

-

0

-

-

-

-

-

-

-

-

Loss on convertible note retirement

-

-

0

0

-

-738

-2,361

-2,856

-2,952

-2,214

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit (expense) of taxable REIT subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

749

347

-686

-776

-707

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (Losses) on Sales of Investment Real Estate

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62,796

59,672

0

0

0

Income from operations - discontinued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

-

7,967

4,177

5,524

5,491

5,631

5,139

6,344

0

0

0

Gain on sale of real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

3,348

3,347

4,303

0

-

0

0

-

-

-

Total discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,684

25,092

0

0

-

0

-

8,845

11,315

7,524

7,823

9,794

7,635

7,143

8,348

0

0

0

Net income

185,832

160,449

159,391

154,475

0

-

0

0

-

-

-

-

-

152,716

166,315

166,854

153,410

150,314

123,630

115,169

109,209

103,052

103,060

120,594

115,115

107,182

120,340

91,641

88,471

90,898

68,437

0

0

-

0

-

-

-

-

-

-

-

-

Less: net loss attributable to noncontrolling interest

32

-7

-4

-1

0

-

0

0

-

-

-

-

-

1,176

1,566

1,537

1,506

1,452

1,633

1,522

1,450

1,443

1,207

1,247

1,142

999

831

525

347

167

0

0

0

-

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Net income

185,800

160,456

155,499

153,720

151,580

154,333

155,048

153,161

153,567

159,365

162,755

156,695

163,045

151,540

164,749

165,317

151,904

148,862

121,997

113,647

107,759

101,609

101,853

119,347

113,973

106,183

119,509

91,116

88,124

90,731

67,743

72,200

80,389

81,132

79,973

78,499

72,571

69,421

69,939

68,020

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Less: reclassification adjustment for gains included in net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Decrease in fair value of cash flow hedge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

Net gain recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Total comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

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