National Health Investors (NHI) Reports Q1 AFFO of $1.14
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NHI Announces First Quarter 2017 Results
May 9, 2017 6:00 AM EDTMURFREESBORO, Tenn.--(BUSINESS WIRE)-- National Health Investors, Inc. (NYSE: NHI) announced today its net income attributable to common stockholders, its Funds From Operations (FFO), its Normalized Funds From Operations and its Normalized Adjusted Funds From Operations (AFFO) for the three months ended March 31, 2017.
Q1 2017 Highlights
Completed $133 million in real estate acquisitions and loans Issued $80 million of common equity on the Companys ATM equity program Net income up 29.3%; Normalized FFO up 7.8%; Normalized AFFO up 8.7% over first quarter 2016 Maintained low leverage balance sheet at 4.5x net... More