NHI: revenue $121.3M, net income $55.7M. NHI sells legacy NHC portfolio for, deploys into SHOP acquisitions

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~2 min read

Key Changes

• high

  Sold 35-property NHC portfolio (32 SNFs, 3 ILFs held since 1991) for $560M cash in July 2026, generating a substantial gain on $13.6M net carrying value. Proceeds fund strategic shift toward operating properties.

  MD&A: NHC portfolio disposition verify on EDGAR →
• high

  Completed $230M in SHOP acquisitions during H1 2026, expanding operating portfolio from 15 properties (1,732 units) to 42 properties (4,001 units)—a 180% increase in property count and 131% increase in units.

  MD&A: acquisitions activity; Notes: SHOP segment expansion verify on EDGAR →
• high

  Restructured Bickford leases in April 2026, raising base rent to $38.4M annually and adding contingent rent tied to property revenues. Bickford remains on cash basis accounting due to ongoing going-concern doubts since 2022.

  MD&A: Bickford lease and loan modifications verify on EDGAR →