National Health Investors (NHI) reported Q1 normalized funds from operations late Monday of $1.15 per diluted share, up from $1.12 a year earlier.

Analysts polled by FactSet expected $1.14.

Rental income in the three months ended March 31 rose to $68.9 million from $62.2 million a year earlier.

Four analysts surveyed by FactSet expected $70.4 million.

The company increased its full year 2025 normalized FFO guidance to the range of $4.68 to $4.73 a share from $4.59 to $4.66. Analysts expect $4.65.