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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate properties:    
Land $ 201,983 $ 191,909
Buildings and improvements 2,823,073 2,751,071
Construction in progress 6,663 10,568
Real estate properties, gross 3,031,719 2,953,548
Less accumulated depreciation (761,462) (742,295)
Real estate properties, net 2,270,257 2,211,253
Mortgage and other notes receivable, net of reserve of $18,910 and $20,249, respectively 259,770 268,926
Cash and cash equivalents 135,004 24,289
Straight-line rents receivable 88,311 87,150
Other assets, net 29,543 22,753
Total Assets [1] 2,782,885 2,614,371
Liabilities and Stockholders’ Equity:    
Debt 1,262,985 1,146,041
Accounts payable and accrued expenses 29,189 37,757
Dividends payable 42,024 41,119
Deferred income 4,102 4,277
Total Liabilities [1] 1,338,300 1,229,194
Commitments and contingencies
Redeemable noncontrolling interest 9,540 9,790
National Health Investors, Inc. Stockholders’ Equity:    
Common stock 467 457
Capital in excess of par value 1,804,679 1,736,831
Retained earnings 2,638,994 2,604,829
Cumulative dividends (3,017,666) (2,975,642)
Total National Health Investors, Inc. Stockholders’ Equity 1,426,474 1,366,475
Noncontrolling interests 8,571 8,912
Total Equity 1,435,045 1,375,387
Total Liabilities and Equity $ 2,782,885 $ 2,614,371
[1] The Condensed Consolidated Balance Sheets include the following amounts related to our consolidated variable interest entities: $502.5 million and $505.9 million of Real estate properties, net; $5.8 million and $9.7 million of Cash and cash equivalents; $10.1 million and $10.0 million of Straight-line rents receivable; $6.7 million and $7.5 million of Other assets, net; and $3.4 million and $5.7 million of Accounts payable and accrued expenses, in each case as of March 31, 2025 and December 31, 2024, respectively.