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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Real estate properties:    
Land $ 181,173 $ 180,749
Buildings and improvements 2,622,633 2,593,696
Construction in progress 8,347 5,913
Real estate properties, gross 2,812,153 2,780,358
Less accumulated depreciation (705,829) (673,276)
Real estate properties, net 2,106,324 2,107,082
Mortgage and other notes receivable, net of reserve of $15,921 and $15,476, respectively 240,850 245,271
Cash and cash equivalents 14,766 22,347
Straight-line rent receivable 85,321 84,713
Assets held for sale, net 5,669 5,004
Other assets, net 23,982 24,063
Total Assets [1] 2,476,912 2,488,480
Liabilities and Stockholders’ Equity:    
Debt 1,136,035 1,135,051
Accounts payable and accrued expenses 33,200 34,304
Dividends payable 39,098 39,069
Deferred income 5,107 6,009
Total Liabilities [1] 1,213,440 1,214,433
Commitments and contingencies
Redeemable noncontrolling interest 9,169 9,656
National Health Investors, Inc. Stockholders’ Equity:    
Common stock 434 434
Capital in excess of par value 1,606,199 1,603,757
Retained earnings 2,533,047 2,466,844
Cumulative dividends (2,895,263) (2,817,083)
Total National Health Investors, Inc. Stockholders’ Equity 1,244,417 1,253,952
Noncontrolling interests 9,886 10,439
Total Equity 1,254,303 1,264,391
Total Liabilities and Equity $ 2,476,912 $ 2,488,480
[1] The condensed consolidated balance sheets include the following amounts related to our consolidated Variable Interest Entities (“VIE”s): $507.9 million and $513.2 million of Real estate properties, net; $8.3 million and $10.9 million of Cash and cash equivalents; $9.8 million and $9.7 million of Straight-line rent receivable; $9.3 million and $9.4 million of Other assets, net; and
$4.3 million and $4.7 million of Accounts payable and accrued expenses, in each case as of June 30, 2024 and December 31, 2023, respectively.