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
DateValue
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