National Health Investors Inc (NHI) is seeing growth in both normalized FFO and dividend per share for 2013, as the company recently updated its 2013 FFO guidance from $3.48 to $3.54 and has averaged 8% dividend growth for the past five years, says Roger R. Hopkins, Chief Accounting Officer at National Health Investors, Inc.
“With the announcement of the purchase of 17 assisted living facilities for our RIDEA structure with Bickford, we were able to update our 2013 normalized FFO guidance, and it increased it from a range of $3.48 to $3.54. To put it in perspective, last year our normalized FFO was $3.18, so we are on track for a very good year in 2013,” Hopkins said.
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Hopkins adds that growth in normalized FFO and dividend per share are very important to NHI and its shareholders, and he believes that as the company continues to make accretive investments and maintain a strong balance sheet, NHI will also continue to deliver on dividends.
“Management is incentivized to create value for the company on a per-share basis. As we look over the past five years at dividend growth from NHI we’ve been able to average 8%, and we think that is a very healthy dividend growth by any measure, and it exceeds our minimum growth thresholds that we try to achieve each year,” Hopkins said. “We’ve been able to grow the dividend each year since 2001, and by continuing to make accretive investments and trying to maintain low leverage and a strong balance sheet, we not only are able to grow our dividend, but we’re able to weather any negative winds that may appear and still grow in spite of that.”
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