National Health Investors Inc
National Health Investors, Inc. (NYSE: NHI), established in 1991, is a self-managed real estate investment trust specializing in sale-leaseback, joint venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical facility investments. NHI's portfolio consists of independent living facilities, assisted living and memory care communities, entrance-fee retirem… Read more
National Health Investors Inc (NHI) - Net Assets
Latest net assets as of September 2025: $1.50 Billion USD
Based on the latest financial reports, National Health Investors Inc (NHI) has net assets worth $1.50 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.69 Billion) and total liabilities ($1.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.50 Billion |
| % of Total Assets | 55.7% |
| Annual Growth Rate | 28.01% |
| 5-Year Change | -9.05% |
| 10-Year Change | 21.25% |
| Growth Volatility | 3949.42 |
National Health Investors Inc - Net Assets Trend (1991–2024)
This chart illustrates how National Health Investors Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Health Investors Inc (1991–2024)
The table below shows the annual net assets of National Health Investors Inc from 1991 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.39 Billion | +8.72% |
| 2023-12-31 | $1.27 Billion | -1.23% |
| 2022-12-31 | $1.29 Billion | -14.97% |
| 2021-12-31 | $1.52 Billion | -0.39% |
| 2020-12-31 | $1.52 Billion | +1.65% |
| 2019-12-31 | $1.50 Billion | +7.81% |
| 2018-12-31 | $1.39 Billion | +5.11% |
| 2017-12-31 | $1.32 Billion | +9.30% |
| 2016-12-31 | $1.21 Billion | +5.88% |
| 2015-12-31 | $1.14 Billion | +8.81% |
| 2014-12-31 | $1.05 Billion | +35.10% |
| 2013-12-31 | $777.16 Million | +66.04% |
| 2012-12-31 | $468.05 Million | +5.54% |
| 2011-12-31 | $443.49 Million | +0.22% |
| 2010-12-31 | $442.50 Million | +1.81% |
| 2009-12-31 | $434.61 Million | +1.16% |
| 2008-12-31 | $429.62 Million | -3.70% |
| 2007-12-31 | $446.14 Million | +3.35% |
| 2006-12-31 | $431.67 Million | +1.58% |
| 2005-12-31 | $424.97 Million | -0.13% |
| 2004-12-31 | $425.54 Million | +3.88% |
| 2003-12-31 | $409.64 Million | +2.30% |
| 2002-12-31 | $400.43 Million | +0.66% |
| 2001-12-31 | $397.79 Million | +0.10% |
| 2000-12-31 | $397.41 Million | +1.21% |
| 1999-12-31 | $392.64 Million | -7.54% |
| 1998-12-31 | $424.66 Million | -4.37% |
| 1997-12-31 | $444.08 Million | +8.40% |
| 1996-12-31 | $409.68 Million | +14.76% |
| 1995-12-31 | $357.00 Million | +59.45% |
| 1994-12-31 | $223.90 Million | +122.56% |
| 1993-12-31 | $100.60 Million | +8.64% |
| 1992-12-31 | $92.60 Million | +23050.00% |
| 1991-12-31 | $400.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Health Investors Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 123939.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.60 Billion | 190.62% |
| Common Stock | $457.00K | 0.03% |
| Total Equity | $1.37 Billion | 100.00% |
National Health Investors Inc Competitors by Market Cap
The table below lists competitors of National Health Investors Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Omv Petrom S.A
RO:SNP
|
$3.76 Billion |
|
Lynas Rare Earths Ltd
PINK:LYSCF
|
$3.76 Billion |
|
MRF Limited
NSE:MRF
|
$3.76 Billion |
|
Zhongfu Shenying Carbon Fiber Co. Ltd. A
SHG:688295
|
$3.76 Billion |
|
Sydbank A/S
CO:SYDB
|
$3.76 Billion |
|
WinWay Technology Co. Ltd
TW:6515
|
$3.76 Billion |
|
Adani Energy Solutions Limited
NSE:ADANIENSOL
|
$3.76 Billion |
|
Westlake Chemical Corporation
NYSE:WLK
|
$3.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Health Investors Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,253,952,000 to 1,366,475,000, a change of 112,523,000 (9.0%).
- Net income of 137,985,000 contributed positively to equity growth.
- Dividend payments of 156,510,000 reduced retained earnings.
- Share repurchases of 142,394,000 reduced equity.
- New share issuances of 142,394,000 increased equity.
- Other comprehensive income increased equity by 350,239,000.
- Other factors decreased equity by 219,191,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $137.99 Million | +10.1% |
| Dividends Paid | $156.51 Million | -11.45% |
| Share Repurchases | $142.39 Million | -10.42% |
| Share Issuances | $142.39 Million | +10.42% |
| Other Comprehensive Income | $350.24 Million | +25.63% |
| Other Changes | $-219.19 Million | -16.04% |
| Total Change | $- | 8.97% |
Book Value vs Market Value Analysis
This analysis compares National Health Investors Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.77x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1551.65x to 2.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $0.06 | $85.71 | x |
| 1992-12-31 | $12.38 | $85.71 | x |
| 1993-12-31 | $8.04 | $85.71 | x |
| 1994-12-31 | $16.36 | $85.71 | x |
| 1995-12-31 | $20.62 | $85.71 | x |
| 1996-12-31 | $15.04 | $85.71 | x |
| 1997-12-31 | $17.64 | $85.71 | x |
| 1998-12-31 | $14.80 | $85.71 | x |
| 1999-12-31 | $16.11 | $85.71 | x |
| 2000-12-31 | $16.18 | $85.71 | x |
| 2001-12-31 | $16.26 | $85.71 | x |
| 2002-12-31 | $14.91 | $85.71 | x |
| 2003-12-31 | $15.18 | $85.71 | x |
| 2004-12-31 | $15.46 | $85.71 | x |
| 2005-12-31 | $15.27 | $85.71 | x |
| 2006-12-31 | $15.54 | $85.71 | x |
| 2007-12-31 | $16.06 | $85.71 | x |
| 2008-12-31 | $15.49 | $85.71 | x |
| 2009-12-31 | $15.74 | $85.71 | x |
| 2010-12-31 | $15.96 | $85.71 | x |
| 2011-12-31 | $15.96 | $85.71 | x |
| 2012-12-31 | $16.42 | $85.71 | x |
| 2013-12-31 | $26.99 | $85.71 | x |
| 2014-12-31 | $31.12 | $85.71 | x |
| 2015-12-31 | $30.11 | $85.71 | x |
| 2016-12-31 | $30.89 | $85.71 | x |
| 2017-12-31 | $32.13 | $85.71 | x |
| 2018-12-31 | $33.02 | $85.71 | x |
| 2019-12-31 | $34.27 | $85.71 | x |
| 2020-12-31 | $33.83 | $85.71 | x |
| 2021-12-31 | $32.96 | $85.71 | x |
| 2022-12-31 | $28.36 | $85.71 | x |
| 2023-12-31 | $28.90 | $85.71 | x |
| 2024-12-31 | $30.98 | $85.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Health Investors Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 41.17%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.91x
- Recent ROE (10.10%) is below the historical average (28.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 525.00% | 26.58% | 0.03x | 596.50x | $2.06 Million |
| 1992 | 14.36% | 33.76% | 0.15x | 2.80x | $4.04 Million |
| 1993 | 24.25% | 49.29% | 0.12x | 4.25x | $14.34 Million |
| 1994 | 17.37% | 54.48% | 0.11x | 2.84x | $16.51 Million |
| 1995 | 13.92% | 56.54% | 0.14x | 1.80x | $14.00 Million |
| 1996 | 16.39% | 67.55% | 0.13x | 1.83x | $26.20 Million |
| 1997 | 16.98% | 68.42% | 0.15x | 1.70x | $30.98 Million |
| 1998 | 16.40% | 68.08% | 0.13x | 1.81x | $27.18 Million |
| 1999 | 13.66% | 40.88% | 0.17x | 2.01x | $14.35 Million |
| 2000 | 8.49% | 22.86% | 0.19x | 1.93x | $-6.02 Million |
| 2001 | -0.02% | -0.05% | 0.21x | 1.69x | $-39.84 Million |
| 2002 | 7.69% | 17.92% | 0.26x | 1.63x | $-9.26 Million |
| 2003 | 10.69% | 26.96% | 0.26x | 1.52x | $2.84 Million |
| 2004 | 13.25% | 36.24% | 0.25x | 1.48x | $13.83 Million |
| 2005 | 12.80% | 34.57% | 0.27x | 1.38x | $11.91 Million |
| 2006 | 16.04% | 45.93% | 0.25x | 1.38x | $26.06 Million |
| 2007 | 21.62% | 154.76% | 0.12x | 1.12x | $51.82 Million |
| 2008 | 13.39% | 91.28% | 0.14x | 1.06x | $14.55 Million |
| 2009 | 14.78% | 100.01% | 0.14x | 1.06x | $20.77 Million |
| 2010 | 15.69% | 88.55% | 0.15x | 1.15x | $25.17 Million |
| 2011 | 18.29% | 98.10% | 0.14x | 1.31x | $36.78 Million |
| 2012 | 19.85% | 93.58% | 0.14x | 1.54x | $45.01 Million |
| 2013 | 13.85% | 90.12% | 0.08x | 1.90x | $29.53 Million |
| 2014 | 9.77% | 57.24% | 0.09x | 1.91x | $-2.38 Million |
| 2015 | 13.14% | 65.01% | 0.11x | 1.89x | $35.53 Million |
| 2016 | 12.53% | 60.98% | 0.10x | 1.99x | $30.58 Million |
| 2017 | 12.05% | 57.19% | 0.11x | 1.93x | $27.15 Million |
| 2018 | 11.11% | 52.39% | 0.11x | 1.98x | $15.36 Million |
| 2019 | 10.71% | 50.45% | 0.10x | 2.03x | $10.69 Million |
| 2020 | 12.24% | 55.62% | 0.11x | 2.06x | $33.90 Million |
| 2021 | 7.42% | 37.43% | 0.11x | 1.88x | $-38.90 Million |
| 2022 | 5.23% | 23.87% | 0.11x | 1.97x | $-60.62 Million |
| 2023 | 10.82% | 42.41% | 0.13x | 1.98x | $10.26 Million |
| 2024 | 10.10% | 41.17% | 0.13x | 1.91x | $1.34 Million |
Industry Comparison
This section compares National Health Investors Inc's net assets metrics with peer companies in the REIT - Healthcare Facilities industry.
Industry Context
- Industry: REIT - Healthcare Facilities
- Average net assets among peers: $880,398,200
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Health Investors Inc (NHI) | $1.50 Billion | 525.00% | 0.80x | $3.76 Billion |
| Aedifica SA (AEDFF) | $193.91 Million | 7.53% | 0.90x | $2.97 Billion |
| American Healthcare REIT, Inc. (AHR) | $1.65 Billion | -4.93% | 1.90x | $9.31 Billion |
| Assura Plc (ARSSF) | $117.93 Million | -10.60% | 0.39x | $161.63 Million |
| Cofinimmo SA/NV (CFMOF) | $2.65 Billion | 4.50% | 0.98x | $2.38 Billion |
| Community Healthcare Trust Inc (CHCT) | $496.81 Million | 4.43% | 0.76x | $419.21 Million |
| CareTrust REIT Inc. (CTRE) | $1.42 Billion | 3.79% | 0.47x | $8.79 Billion |
| Chartwell Retirement Residences (CWSRF) | $509.23 Million | 4.69% | 4.57x | $3.84 Billion |
| Healthpeak Properties Inc (DOC) | $264.20 Million | 5.22% | 0.63x | $11.75 Billion |
| Global Medical REIT Inc. (GMRE) | $460.35 Million | 2.01% | 0.92x | $440.68 Million |
| Healthcare Realty Trust Incorporated (HR) | $1.04 Billion | 8.24% | 0.54x | $6.10 Billion |