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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Real estate properties:    
Land $ 191,909 $ 180,749
Buildings and improvements 2,751,071 2,593,696
Construction in progress 10,568 5,913
Real estate properties, gross 2,953,548 2,780,358
Less accumulated depreciation (742,295) (673,276)
Real estate properties, net 2,211,253 2,107,082
Mortgage and other notes receivable, net of reserve of $20,249 and $15,476, respectively 268,926 245,271
Cash and cash equivalents 24,289 22,347
Straight-line rents receivable 87,150 84,713
Assets held for sale, net 0 5,004
Other assets, net 22,753 24,063
Total Assets [1] 2,614,371 2,488,480
Liabilities and Equity:    
Debt 1,146,041 1,135,051
Accounts payable and accrued expenses 37,757 34,304
Dividends payable 41,119 39,069
Deferred income 4,277 6,009
Total Liabilities 1,229,194 1,214,433
Commitments and Contingencies
Redeemable noncontrolling interest 9,790 9,656
National Health Investors Stockholders' Equity:    
Common stock 457 434
Capital in excess of par value 1,736,831 1,603,757
Retained earnings 2,604,829 2,466,844
Cumulative dividends (2,975,642) (2,817,083)
Total National Health Investors, Inc. Stockholders' Equity 1,366,475 1,253,952
Noncontrolling interests 8,912 10,439
Total Equity 1,375,387 1,264,391
Total Liabilities and Equity $ 2,614,371 $ 2,488,480
[1] The consolidated balance sheets include the following amounts related to our consolidated Variable Interest Entities (VIEs): $505.9 million and $513.2 million of Real estate properties, net; $9.7 million and $10.9 million of Cash and cash equivalents; $10.0 million and $9.7 million of Straight-line rents receivable; $7.5 million and $9.4 million of Other assets, net; and $5.7 million and $4.7 million of Accounts payable and accrued expenses as of December 31, 2024 and 2023, respectively.