National Health Investors (NHI) Operating Expenses (2009 - 2026)
National Health Investors' (NHI) quarterly Operating Expenses came in at $78.0 million in Q1 2026, up 39.31% YoY from $56.0 million in Q1 2025, and up 11.8% on a QoQ basis from $69.8 million in Q4 2025.
National Health Investors (NHI) Operating Expenses (2009 - 2026) Analysis & Trends
National Health Investors (NHI) has 18 years of Operating Expenses data on file, last reported at $78.0 million in 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 grew to $78.0 million in Q1 2026, from $69.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $78.0 million in Q1 2026 to a low of $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 declined 28.34%.
- Tracing NHI's Operating Expenses over 5 years: stood at $69.1 million in 2022, then decreased by 28.34% to $49.5 million in 2023, then increased by 9.42% to $54.2 million in 2024, then increased by 28.79% to $69.8 million in 2025, then advanced by 11.8% to $78.0 million in 2026.
- The last three Operating Expenses figures came in at $78.0 million (Q1 2026), $69.8 million (Q4 2025), and $57.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 170.16 Bn | 168.19 Bn | 1.39 Bn | 3.22 Bn |
| 2 | Ventas | 45.72 Bn | 45.52 Bn | 1.73 Bn | 1.68 Bn |
| 3 | Healthpeak Properties | 14.71 Bn | 14.71 Bn | - | 739.00 Mn |
| 4 | Omega Healthcare Investors | 13.94 Bn | 13.94 Bn | - | 187.79 Mn |
| 5 | American Healthcare REIT | 10.81 Bn | 10.62 Bn | 149.41 Mn | 631.81 Mn |
| 6 | CareTrust REIT | 9.28 Bn | 9.28 Bn | - | 72.38 Mn |
| 7 | Healthcare Realty Trust | 6.64 Bn | 6.64 Bn | - | 242.88 Mn |
| 8 | Sabra Health Care REIT | 5.14 Bn | 5.14 Bn | - | 88.62 Mn |
| 9 | Diversified Healthcare Trust | 4.55 Bn | 4.43 Bn | 298.67 Mn | 365.91 Mn |
| 10 | National Health Investors | 3.56 Bn | 3.56 Bn | - | 87.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 87.28 Mn |
| 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 |