National Health Investors — Investor Presentation (May 2012)

4 slides from National Health Investors's investor presentation, May 10, 2012

Slide 1: National Health Investors: Driving Shareholder Value Through Selective Growth
NATIONAL HEALTH INVESTORS Driving Shareholder Value Through Selective Growth May 2012 www.nhireit.com
Slide 2: Highlights, Strategy and Investments
HIGHLIGHTS Healthcare REIT —- 127 properties — 24 states ; Total Return to Shareholders: 94.45% for the past 3 fiscal years. "Strong diversified portfolio = Low leverage balance sheet = Focus on need driven senior housing properties "Growing dividends annually since 2001 "Attractive investment oppor
Slide 3: Revenue by Investment Type and Tenant Concentration
REVENUE BY INVESTMENT TYPE Ree Three Months Ended March 31, 2012 REIT Dividends, = \Ot 3.1% Hospitals, 6.2%. Assisted Living, 20.6% Skilled Nursing, 66.0% TENANT CONCENTRATION Three Months Ended March 31, 201: Diversified tenant mix with both public and privately-held companies Emeritus Senior Livin
Slide 4: Debt and Equity, Financial Highlights, FFO Reconciliation
Debt and Equity Debt Equity Total Book Capitalization Debt/Total Book Capitalization Cash and Securities Cash and cash equivalents Marketable securities LTC preferred stock, at cost Total cash and securities FINANCIAL HIGHLIGHTS Revenues Expenses Other Income and Expenses * Net Income Normalized FFO