Eric Mendelsohn

“This has been a year of significant transition for NHI. We completed the sale of the NHC portfolio on July 1st, substantially reduced our skilled nursing exposure, and accelerated our investment in private pay senior housing.”

“We completed the year with a solid fourth quarter that generated normalized FFO per share growth of 8.9% compared to last year. The SHOP platform is central to our investment thesis and was a core contributor to the quarter as total NOI increased by 125% year-over-year and 48% sequentially.”

“We had a solid quarter highlighted by the transition of seven properties to our shop portfolio, which resulted in consolidated shop NOI growth of approximately 63% compared to the prior year's quarter.”

“We followed a strong start to the year with an even stronger quarter, which exceeded our expectations. The second quarter's outperformance was multifaceted and driven by solid execution throughout the enterprise.”

“We're off to a great start in 2025 with first quarter results that exceeded our expectations driven by a faster pace of acquisitions and upside to our cash rent collections from better-than-expected deferral payments and the NHC percentage rent.”