National Health Investors, Inc. (NYSE:NHI) Q1 2022 Results Conference Call May 10, 2022 12:00 PM ET
Company Participants
Dana Hambly - VP, IR
Eric Mendelsohn - President and CEO
Kevin Pascoe - Chief Investment Officer
John Spaid - CFO
David Travis - Chief Accounting Officer
Conference Call Participants
Rich Anderson - SMBC
Austin Wurschmidt - KeyBanc Capital Markets
Omotayo Okusanya - Mizuho
Operator
Greetings and welcome to the National Health Investors First Quarter 2022 Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we’ll conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded, Tuesday, May 10, 2022.
It is now my pleasure to turn the conference over to Dana Hambly. Please go ahead.
Dana Hambly
Thank you. And welcome to the National Health Investors conference call to review the Company’s results for the first quarter of 2022.
On the call today are Eric Mendelsohn, President and CEO; Kevin Pascoe, Chief Investment Officer; John Spaid, Chief Financial Officer; and David Travis, Chief Accounting Officer.
The results, as well as notice of the accessibility of this conference call on a listen-only basis, were released after the market closed yesterday in a press release that’s been covered by the financial media. As a reminder, any statements in this conference call which are not historical facts are forward-looking statements.
NHI cautions investors that any forward-looking statements may involve risks or uncertainties and are not guarantees of future performance. All forward-looking statements represent NHI’s judgment as of the date of this conference call. Investors are urged to carefully review various disclosures made by NHI and its periodic reports filed with the Securities and Exchange Commission, including the risk factors and other information disclosed in NHI’s Form 10-Q for the quarter ended March 31, 2022. Copies of these filings are available on the SEC’s website at sec.gov, or on NHI’s website at nhireit.com.
In addition, certain terms used in this call are non-GAAP financial measures, reconciliations of which are provided in NHI’s earnings release and related tables and schedules, which have been filed on Form 8-K with the SEC. Listeners are encouraged to review those reconciliations provided in the earnings release together with other information provided in that release.
I’ll now turn the call over to our CEO, Eric Mendelsohn.
Eric Mendelsohn
Thank you, Dana. Hello, and thanks for joining us today. It has been one year since we communicated our initial plans to optimize our portfolio through $250 million to $400 million of asset dispositions, lease restructurings with operators where we have confidence in their ability to recover and tenant transitions to new and existing partners including SHOP joint ventures.