v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real estate properties:    
Land $ 209,444 $ 191,909
Buildings and improvements 2,880,115 2,751,071
Construction in progress 8,283 10,568
Total real estate properties 3,097,842 2,953,548
Less: Accumulated depreciation (781,390) (742,295)
Total real estate properties, net 2,316,452 2,211,253
Mortgage and other notes receivable, net of credit loss reserve of $17,465 and $20,249, respectively 252,939 268,926
Cash and cash equivalents 18,640 24,289
Straight-line rent receivable 89,097 87,150
Other assets, net 18,831 22,753
Total assets [1] 2,695,959 2,614,371
Liabilities:    
Debt, net 1,118,835 1,146,041
Accounts payable and accrued expenses 33,046 37,757
Dividends payable 42,726 41,119
Deferred income 4,058 4,277
Total liabilities [1] 1,198,665 1,229,194
Commitments and contingencies
Redeemable noncontrolling interest 9,321 9,790
Equity:    
Common stock 475 457
Capital in excess of par value 1,863,582 1,736,831
Retained earnings 2,675,981 2,604,829
Cumulative dividends (3,060,393) (2,975,642)
Total National Health Investors, Inc. stockholders’ equity 1,479,645 1,366,475
Noncontrolling interests 8,328 8,912
Total equity 1,487,973 1,375,387
Total liabilities and equity $ 2,695,959 $ 2,614,371
[1] The condensed consolidated balance sheets include each of the following amounts related to our consolidated variable interest entities: $498.8 million and $505.9 million of real estate properties, net; $10.1 million and $9.7 million of cash and cash equivalents; $9.7 million and $10.0 million of straight-line rent receivable; $6.1 million and $7.5 million of other assets, net; and $4.4 million and $5.7 million of accounts payable and accrued expenses as of June 30, 2025 and December 31, 2024, respectively.