Earnings Call Summary | National Health Investors Inc(NHI.US) Q1 2024 Earnings Conference
Earnings Call Summary | National Health Investors Inc(NHI.US) Q1 2024 Earnings Conference
The following is a summary of the National Health Investors, Inc. (NHI) Q1 2024 Earnings Call Transcript:
以下是國家健康投資者公司（NHI）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
National Health Investors exceeded Q1 expectations with a 6.8% YoY increase in Funds Available for Distribution (FAD) to $51 million.
The quarterly net income and NAREIT FFO per diluted common share declined by 10.1% and 5.2% respectively, but normalized FFO per diluted common share improved by 0.9%.
They have a solid balance sheet with $970 million capacity, and the net debt to adjusted EBITDA ratio improved to 4.4x from 4.6x.
The company has raised their full year guidance for 2024 with expectations of 5-6% growth at the high point compared to the full year 2023 results.
National Health Investors超出了第一季度的預期，可供分配的資金（FAD）同比增長6.8％，達到5100萬美元。
季度淨收益和攤薄後每股普通股NAREIT FFO分別下降了10.1％和5.2％，但攤薄後每股普通股的正常化FFO增長了0.9％。
他們的資產負債表穩健，產能爲9.7億美元，淨負債與調整後息稅折舊攤銷前利潤的比率從4.6倍提高到4.4倍。
該公司上調了2024年的全年預期，預計與2023年全年業績相比，增長率將達到5-6％。
Business Progress:
業務進展：
The increased FAD guidance is due to planned organic growth, deferral repayments, rent step-ups, significant potential for NOI growth in SHOP, and capex projects concentrated on the existing real estate portfolio.
Their Senior Housing sector has seen EBITDARM coverage increase for the last eight consecutive periods, reaching 1.45x.
A $25 million NOI-producing CapEx program targeting the leased real estate portfolio, with $19 million already committed.
The SHOP portfolio reported a 54.8% YoY increase in NOI to $2.9 million, expecting a 25% to 30% growth in 2024.
NHI is focusing on external growth, with a pipeline currently over $300 million. They have also shown interest in deals valued over $100 million.
The company aims to increase occupancy in the Senior Housing Operating Portfolio (SHOP) over the 90% mark, consider working with additional operators, enter new relationships, and plan Bickford rent resets.
FAD預期的增加是由於計劃中的有機增長、延期還款、租金上漲、SHOP的巨大NOI增長潛力以及集中在現有房地產投資組合上的資本支出項目。
他們的老年住房行業的息稅折舊攤銷前利潤覆蓋率連續八個時期有所增加，達到1.45倍。
一項針對租賃房地產投資組合的2500萬美元NOI產生的資本支出計劃，已經承諾了1900萬美元。
SHOP投資組合報告稱，NOI同比增長54.8％，至290萬美元，預計2024年將增長25％至30％。
NHI專注於外部增長，目前的投資渠道超過3億美元。他們還對價值超過1億美元的交易表現出興趣。
該公司的目標是將老年住房運營組合（SHOP）的入住率提高到90％以上，考慮與其他運營商合作，建立新的關係，並計劃比克福德的租金重置。
More details: National Health Investors Inc IR
更多詳情： 國家健康投資者公司 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。