NHI Reports 99.4 Percent Rent Collection in June Despite Declining Occupancy

MURFREESBORO, Tenn. — National Health Investors Inc. (NYSE: NHI) reported that to date in June the company has collected 99.4 percent of contractual rents.

This percentage is slightly down from May, in which 100 percent of rents were collected, and April, in which 99.7 percent of rents were collected.

The news comes despite depressed occupancy portfolio-wide due to the COVID-19 pandemic. Among the publicly traded REIT’s stable of operators, all have seen occupancy fall since March. Most operators have seen a decline in that period of approximately 200 basis points. Holiday Retirement, which operates 26 NHI-owned properties, saw the largest decline — falling from 86.7 percent occupancy in March to 83.2 percent in May.