National Health Investors (NHI) Capital Expenditures (2009 - 2026)
National Health Investors' (NHI) quarterly Capital Expenditures came in at $105.5 million in Q1 2026, up 41.63% YoY from $74.5 million in Q1 2025, and down 26.28% on a QoQ basis from $143.1 million in Q4 2025.
National Health Investors (NHI) Capital Expenditures (2009 - 2026) Analysis & Trends
National Health Investors (NHI) has 18 years of Capital Expenditures data on file, last reported at $105.5 million in Q1 2026.
- Quarterly Capital Expenditures rose 41.63% year-over-year to $105.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $305.1 million (up 43.49% YoY) and the FY2025 annual result came in at $274.1 million, up 98.42% from the prior year.
- Capital Expenditures eased to $105.5 million in Q1 2026, from $143.1 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $143.1 million in Q4 2025 to a low of -$35.5 million in Q3 2023.
- A 5-year average of $43.2 million and a median of $35.5 million in 2023 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2022 — Capital Expenditures soared 8607.14% — and 2023, when it sank 716.51%.
- Tracing NHI's Capital Expenditures over 5 years: stood at $5.8 million in 2022, then jumped by 508.33% to $35.5 million in 2023, then surged by 261.28% to $128.3 million in 2024, then increased by 11.56% to $143.1 million in 2025, then declined by 26.28% to $105.5 million in 2026.
- The last three Capital Expenditures figures came in at $105.5 million (Q1 2026), $143.1 million (Q4 2025), and $56.5 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 170.16 Bn | 168.19 Bn | 1.39 Bn | 319.29 Mn |
| 2 | Ventas | 45.72 Bn | 45.52 Bn | 1.73 Bn | 1.48 Bn |
| 3 | Healthpeak Properties | 14.71 Bn | 14.71 Bn | - | 157.03 Mn |
| 4 | Omega Healthcare Investors | 13.94 Bn | 13.94 Bn | - | 101.11 Mn |
| 5 | American Healthcare REIT | 10.81 Bn | 10.62 Bn | 149.41 Mn | 45.52 Mn |
| 6 | CareTrust REIT | 9.28 Bn | 9.28 Bn | - | 395.40 Mn |
| 7 | Healthcare Realty Trust | 6.64 Bn | 6.64 Bn | - | 69.79 Mn |
| 8 | Sabra Health Care REIT | 5.14 Bn | 5.14 Bn | - | 196.43 Mn |
| 9 | Diversified Healthcare Trust | 4.55 Bn | 4.43 Bn | 298.67 Mn | 24.18 Mn |
| 10 | National Health Investors | 3.56 Bn | 3.56 Bn | - | 124.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 124.40 Mn |
| Jun 30, 2026 | 124.40 Mn |
| Mar 31, 2026 | 105.49 Mn |
| Mar 31, 2026 | 105.49 Mn |
| Dec 31, 2025 | 143.08 Mn |
| Dec 31, 2025 | 143.08 Mn |
| Jun 30, 2025 | 56.50 Mn |
| Jun 30, 2025 | 56.50 Mn |
| Mar 31, 2025 | 74.48 Mn |
| Mar 31, 2025 | 74.48 Mn |
| Dec 31, 2024 | 128.26 Mn |
| Dec 31, 2024 | 128.26 Mn |
| Jun 30, 2024 | 9.87 Mn |
| Jun 30, 2024 | 9.87 Mn |
| Dec 31, 2023 | 35.50 Mn |
| Dec 31, 2023 | 35.50 Mn |
| Sep 30, 2023 | -35.50 Mn |
| Sep 30, 2023 | -35.50 Mn |
| Jun 30, 2023 | 37.10 Mn |
| Jun 30, 2023 | 37.10 Mn |