National Health Investors (NHI) Operating Expenses (2009 - 2026)
National Health Investors (NHI) posted Operating Expenses of $78.0 million for Q1 2026, up 11.8% on a QoQ basis from $69.8 million in Q4 2025, and up 39.31% year-over-year from $56.0 million in Q1 2025.
National Health Investors (NHI) Operating Expenses (2009 - 2026) Analysis & Trends
National Health Investors' Operating Expenses history runs 18 years deep, the most recent figure standing at $78.0 million for Q1 2026.
- Quarterly Operating Expenses rose 39.31% year-over-year to $78.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $261.0 million (up 20.39% YoY) and the FY2025 annual result came in at $239.0 million, up 12.78% from the prior year.
- Operating Expenses was $78.0 million for Q1 2026 at National Health Investors, up from $69.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $78.0 million in Q1 2026 and bottomed at $49.5 million in Q4 2023.
- A 5-year average of $57.2 million and a median of $54.8 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 49.65% — and 2023, when it decreased 28.34%.
- National Health Investors' Operating Expenses stood at $69.1 million in 2022, then dropped by 28.34% to $49.5 million in 2023, then gained by 9.42% to $54.2 million in 2024, then gained by 28.79% to $69.8 million in 2025, then grew by 11.8% to $78.0 million in 2026.
- Business Quant data shows NHI's Operating Expenses at $78.0 million in Q1 2026, $69.8 million in Q4 2025, and $57.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 172.91 Bn | 168.34 Bn | 1.30 Bn | 3.01 Bn |
| 2 | Ventas | 46.62 Bn | 46.50 Bn | 1.65 Bn | 1.62 Bn |
| 3 | Healthpeak Properties | 15.34 Bn | 16.55 Bn | - | 323.86 Mn |
| 4 | Omega Healthcare Investors | 15.14 Bn | 15.41 Bn | - | 167.14 Mn |
| 5 | American Healthcare REIT | 10.71 Bn | 10.59 Bn | 97.60 Mn | 611.91 Mn |
| 6 | CareTrust REIT | 9.45 Bn | 9.46 Bn | - | 3.11 Mn |
| 7 | Healthcare Realty Trust | 7.33 Bn | 7.33 Bn | - | 247.32 Mn |
| 8 | Sabra Health Care REIT | 5.09 Bn | 5.09 Bn | - | 3.77 Mn |
| 9 | Diversified Healthcare Trust | 4.51 Bn | 4.39 Bn | 295.29 Mn | 371.20 Mn |
| 10 | National Health Investors | 3.86 Bn | 3.87 Bn | - | 78.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 78.03 Mn |
| Dec 31, 2025 | 69.79 Mn |
| Sep 30, 2025 | 57.56 Mn |
| Jun 30, 2025 | 55.61 Mn |
| Mar 31, 2025 | 56.01 Mn |
| Dec 31, 2024 | 54.19 Mn |
| Sep 30, 2024 | 54.80 Mn |
| Jun 30, 2024 | 51.77 Mn |
| Mar 31, 2024 | 51.12 Mn |
| Dec 31, 2023 | 49.52 Mn |
| Sep 30, 2023 | 52.01 Mn |
| Jun 30, 2023 | 49.74 Mn |
| Mar 31, 2023 | 49.60 Mn |
| Dec 31, 2022 | 69.11 Mn |
| Sep 30, 2022 | 56.93 Mn |
| Jun 30, 2022 | 49.61 Mn |
| Mar 31, 2022 | 66.21 Mn |
| Dec 31, 2021 | 68.85 Mn |
| Sep 30, 2021 | 62.37 Mn |
| Jun 30, 2021 | 40.67 Mn |