NHI - NYSE

National Health Investors, Inc.

National Health Investors, Inc.

NHIยทNYSE

$68.62

-1.7%
Real EstateREIT - Healthcare Facilities

Incorporated in 1991, National Health Investors, Inc. (NYSE: NHI) is a real estate investment trust specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent, assisted and memory care communities, entrance-fee retirement communities, skilled nursing facilities, medical office buildings and specialty hospitals.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$3.33B
EPS3.0300
P/E Ratio22.65
Earnings Date08/05/2026
National Health Investors, Inc.

National Health Investors, Inc. Fair Value Envelope

NHI ยท NYSE

Our analysis suggests that NHI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $68.62, this represents a potential HIDDEN relative to our calculated worth for National Health Investors, Inc..

HIDDEN
Intrinsic Value
Current Price: $68.62

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$10.5B
+ Cash & Equivalents$19.6M
Firm Value$10.5B
- Debt$1.2B
Equity Value$9.3B
/ Shares Outstanding47,638,502B
DCF Value$196
UNDERVALUED BY 185%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$275.0M
$314.7M
$360.2M
$412.3M
$471.9M
$540.2M
$618.3M
$707.7M
$810.0M
$927.1M
Maintenance CapEx
-$4.6M
-$5.2M
-$6.0M
-$6.9M
-$7.8M
-$9.0M
-$10.3M
-$11.8M
-$13.5M
-$15.4M
Owner Earnings
$270.4M
$309.5M
$354.2M
$405.5M
$464.1M
$531.2M
$608.0M
$695.9M
$796.5M
$911.7M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$250.4M
$265.3M
$281.2M
$298.0M
$315.8M
$334.7M
$354.8M
$376.0M
$398.5M
$422.3M
Terminal Value represents 68.5% of Enterprise Value

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5

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6

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