National Health Investors sees FY24 FFO $4.52-$4.56, consensus $4.40

Mendelsohn concluded, “In addition to our organic growth, we are beginning to enhance our external growth profile. We have already closed on 2024 investments totaling $56.6 million with an average initial yield of 8.4%. We have signed LOIs on another $155.4 million with an average yield of approximately 8.4%. Our cost of capital has improved significantly this year, which creates an outstanding pathway for sustained accretive external investment growth. We have received proposals on deals valued at approximately $1.8 billion of which we are evaluating approximately $270.0 million, excluding portfolio deals and primarily in senior housing assets.”