NATIONAL HEALTH INVESTORS INC
Close on Oct 19, 2026
- Market cap
- $3.14B
- P/E (TTM)
- 18.7
- Dividend yield
- 5.38%
About National Health Investors
Real Estate Investment Trusts, SIC 6798
National Health Investors, Inc. is a self-managed real estate investment trust that finances, develops, owns, and leases healthcare properties. The company operates across two reportable segments: Real Estate Investments and the Senior Housing Operating Portfolio. Its portfolio includes senior housing properties such as independent living, assisted living, entrance fee communities, and senior living campuses, along with medical facilities comprising skilled nursing facilities and hospitals. In addition to property ownership, the company extends mortgages, construction loans, mezzanine debt, and revolving credit facilities. Its customers are healthcare facility tenants, third-party operating partners, and resident consumers.
The company's real estate investments and securing properties are located entirely within the United States. Its Real Estate Investments segment comprises 176 properties across 32 states leased to 31 tenants, alongside notes receivable. The Senior Housing Operating Portfolio encompasses 26 communities totaling 3,009 units across 13 states. National Health Investors maintains its corporate headquarters in Murfreesboro, Tennessee.
Summary of the business section of National Health Investors's latest annual report, written by StockData.
Company profile
Company
- Legal name
- NATIONAL HEALTH INVESTORS INC
- Founded
- 1991
- Headquarters
- Murfreesboro, TN
- Address
- 222 Robert Rose Drive 37129
- Phone
- (615) 890-9100
- Website
- nhireit.com
- Employees
- 32, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- BDO USA, P.C., Nashville, Tennessee
Stock & identifiers
- Ticker
- NHI
- Exchange
- NYSE
- IPO date
- Oct 9, 1991
- Shares outstanding
- 49M, Aug 3, 2026
- Public float
- $2.90B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 877860
- CUSIP
- 63633D104
- ISIN
- US63633D1046
- LEI
- 549300ZPKZIG6DKDEC02
- EIN
- 62-1470956
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| D. Eric Mendelsohn | CEO and President, Director | 133,316 |
| Christian Ken Maingot | Chief Operating Officer | 2,370 |
| Todd Michael Siefert | Chief Financial Officer | 3,048 |
| John L. Spaid | CFO/EVP Finance | 56,287 |
| David L. Travis | SVP/Chief Accounting Officer | 40,565 |
| Kevin Carlton Pascoe | Chief Investment Officer | 73,082 |
| Elizabeth Jackson Blankenship | SVP, Legal Affairs | 2,420 |
| Kristin Sallee Gaines | SVP/Chief Transaction Officer | 80,277 |
| Robert A. McCabe Jr | Director | 44,159 |
| James R. Jobe | Director | 33,272 |
| Candice W. Todd | Director | 2,563 |
| Tracy M. J. Colden | Director | 12,858 |
| Lilly Donohue | Director | 1,268 |
| Robert Chapin | Director | 1,268 |
| Robert G. Adams | Director | 597,644 |
| Charlotte A. Swafford | Director | 135,185 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 D. Eric Mendelsohn | $3.65M | $3.80M | $1.73M | $148 | $138 |
| FY2024 D. Eric Mendelsohn | $2.25M | $2.67M | $1.08M | $128 | $134 |
| FY2023 D. Eric Mendelsohn | $2.08M | $1.98M | $1.14M | $98 | $123 |
| FY2022 D. Eric Mendelsohn | $2.66M | $1.84M | $1.13M | $85 | $108 |
| FY2021 D. Eric Mendelsohn | $2.57M | $2.10M | $1.11M | $88 | $143 |
| FY2020 D. Eric Mendelsohn | $1.79M | $3.12M | $718.72K | $91 | $92 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 32 full-time employees, consisting of 26 employees located in our Murfreesboro, Tennessee corporate office, with one employee in each of Georgia, North Carolina, Oregon and Texas and two employees in Florida.”
Corporate history
Events identified from SEC filings