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Contact : John L. Spaid , Chief Financial Officer Phone : ( 615 ) 890-9100 NHI NATIONAL HEALTH INVESTORS Exhibit 99.1 NHI Announces Third Quarter 2021 Results MURFREESBORO , Tenn . - ( November 8 , 2021 ) National Health Investors , Inc. ( NYSE : NHI ) announced today its results for the three and nine months ended September 30 , 2021 . Financial Results • • • Net income attributable to common stockholders per diluted common share for the three months ended September 30 , 2021 was $ 0.67 , a decrease of 29.5 % from the same period in the prior year . Net income attributable to common stockholders per diluted common share for the nine months ended September 30 , 2021 was $ 2.31 , a decrease of 30.2 % from the same period in the prior year . The nine month decline is attributable to impairment charges recorded on five real estate properties totaling $ 22.5 million , $ 17.2 million additional rent deferrals incurred during the nine months ended September 30 , 2021 , Holiday Retirement's ( " Holiday ” ) nonpayment of contractual rent of $ 4.8 million and a $ 4.7 million year - over - year increase in non - cash stock - based compensation . These declines were offset by increases of approximately $ 5.4 million in gains from the sales of real estate assets as compared to the same period in the prior year and new investments funded since September 2020 . Normalized FAD for the three months ended September 30 , 2021 was $ 51.2 million , a decrease of 15.1 % from the same period in the prior year . Normalized FAD for the nine months ended September 30 , 2021 was $ 163.6 million , a decrease of 9.5 % from the same period in the prior year . Normalized FFO per diluted common share for the three months ended September 30 , 2021 was $ 1.15 , a decrease of 19.0 % from the same period in the prior year . Normalized FFO per diluted common share for the nine months ended September 30 , 2021 was $ 3.55 , a decrease of 16.1 % from the same period in the prior year . National Association of Real Estate Investment Trusts ( “ NAREIT ” ) FFO per diluted common share for the three months ended September 30 , 2021 was $ 1.16 , a decrease of 18.3 % from the same period in the prior year . NAREIT FFO per diluted common share for the nine months ended September 30 , 2021 was $ 3.55 , a decrease of 15.9 % from the same period in the prior year . Net income , Normalized FFO and NAREIT FFO per common share for the three and nine months ended September 30 , 2021 include the dilutive impact of 1,121,442 common shares issued since September 30 , 2020 . Eric Mendelsohn , NHI President and CEO , stated , " We have made tremendous progress on optimizing our portfolio this year . We have completed dispositions of 19 properties for approximately $ 216 million including 16 underperforming senior housing properties for approximately $ 173 million at a low single digit cap rate . We are in the process of disposing another subset of underperforming senior housing properties at similar cap rates which we expect will be largely completed by the first quarter of 2022. We now expect that dispositions will be at the upper end of our target of $ 250 million - $ 400 million . " Mr. Mendelsohn continued , " We have reduced our tenant concentrations with both Bickford and Holiday and have established frameworks that we believe greatly improve the coverage and growth profiles of NHI . Our balance sheet is in great shape as we have reduced leverage despite our tenant deferrals and Holiday's non- payment of rent . We have full capacity on our revolver and little need to issue new equity as we pivot towards growth . " Mr. Mendelsohn concluded , “ This year has been as challenging as we anticipated , and our operators continue to struggle particularly with labor . Fortunately , NHI is in a good position to assist our partners through these near - term issues , and we remain resolute in our favorable outlook on the long - term growth prospects of the senior housing industry . "