National Health Investors Inc
Research National Health Investors Inc (NHI) on Bullrun: valuation model: 11.0% undervalued, market cap USD 3.54B, P/E 21.2, dividend yield 5.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNHI
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Healthcare Facilities
- CurrencyUSD
- Valuation signal11.0% undervalued
- Market capUSD 3.54B
- P/E21.2
- Dividend yield5.1%
- Financial periodQ1 2026
- RevenueUSD 115.13M
- Net incomeUSD 40.10M
- Free cash flowUSD 53.44M
- Gross margin97.6%
Valuation Snapshot
Bullrun's latest valuation model marks National Health Investors Inc as 11.0% undervalued; latest market cap is USD 3.54B; P/E is 21.2; dividend yield is 5.1%.
Peer valuation comparison
Latest P/E is 21.23x versus a Real Estate sector median of 14.84x (43.1% above).
Latest dividend yield is 5.07% versus a Real Estate sector median of 4.71% (7.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 80.06M | USD 142.18M | -USD 57.47M | 455.5% | 3.02 | USD 19.62M | USD 1.16B | USD 1.52B |
| FY2024 | USD 54.42M | USD 137.99M | USD 49.84M | 595.4% | 3.13 | USD 24.29M | USD 1.15B | USD 1.37B |
| FY2023 | USD 48.81M | USD 135.65M | USD 134.89M | n/a | 3.13 | USD 22.35M | USD 1.14B | USD 1.25B |
| FY2022 | USD 35.80M | USD 66.40M | USD 174.35M | n/a | 1.48 | USD 19.29M | USD 1.10B | USD 1.27B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 3.54B | 21.2 | 5.0% | 3.68 |
| 2025 | 2025-12-31 | USD 3.69B | 25.3 | 4.8% | 3.64 |
| 2024 | 2024-12-31 | USD 3.17B | 22.2 | 5.2% | 3.6 |
| 2023 | 2023-12-29 | USD 2.42B | 23.0 | 6.4% | 3.6 |
| 2022 | 2022-12-30 | USD 2.27B | 33.3 | 6.9% | 3.6 |
| 2021 | 2021-12-31 | USD 2.64B | 23.5 | 6.6% | 3.8 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 3.68 USD, yield 5.1%.
| Year | Dividends/share |
|---|---|
| FY2025 | 3.64 USD |
| FY2024 | 3.6 USD |
| FY2023 | 3.6 USD |
| FY2022 | 3.6 USD |
About National Health Investors Inc
National Health Investors, Inc. is a self-managed real estate investment trust (REIT). The Company owns, leases, operates and finances the development of high-quality real estate properties in the United States, focusing on senior housing communities and medical facilities. The Company operates through two reportable segments, Real Estate Investments and SHOP.
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Frequently asked questions
Is National Health Investors Inc overvalued or undervalued?
Bullrun's valuation model currently marks National Health Investors Inc as 11.0% undervalued.
What is National Health Investors Inc's market cap?
National Health Investors Inc's market capitalization is USD 3.54B.
What is National Health Investors Inc's P/E ratio?
National Health Investors Inc's price-to-earnings (P/E) ratio is 21.2.
Does National Health Investors Inc pay a dividend?
National Health Investors Inc has a dividend yield of 5.1%.
What does National Health Investors Inc do?
National Health Investors, Inc. is a self-managed real estate investment trust (REIT). The Company owns, leases, operates and finances the development of high-quality real estate properties in the United States, focusing on senior housing communities and medical facilities. The Company operates through two reportable segments, Real Estate Investments and SHOP. The Company's real estate property investments include independent living facilities, assisted living facilities, entrance fee communities, senior living campuses, skilled nursing facilities and hospitals. National Health Investors, Inc.