National Health Investors(US:NHI)2022-02-23 17:14Portfolio Overview - NHI's portfolio consists of 213 properties across 31 states [14] - Senior Housing Need-Driven accounts for 29%, Senior Housing Discretionary 32%, and Medical 36% of the portfolio [15] - Annualized cash revenue was $236.1 million as of December 31, 2021 [16] Financial Performance - Total revenue for Q4 2021 was $69.668 million, with rental revenue at $60.907 million [38] - Cash NOI for Q4 2021 was $63.290 million [38] - Adjusted EBITDA for Q4 2021 was $61.733 million [38] - Consolidated Net Debt to Adjusted EBITDA was 4.9x [76] Capital Structure - Total debt outstanding was $1.242 billion as of December 31, 2021 [38] - Secured debt accounted for 6% and unsecured debt 92% of the capital structure [43] - The company has $550 million available under its revolving credit facility [42] Investments and Dispositions - Recent lease activity includes $40.25 million investment in Vizion Health (HOSP) and $6.6 million in Navion Senior Solutions (SHO) in Q2 2021 [36] - Total dispositions of senior housing properties amounted to $195.448 million, and hospital & MOB dispositions totaled $48.280 million [80]