06:03 PM EDT, 05/06/2024 (MT Newswires) -- National Health Investors ( NHI ) reported Monday Q1 normalized funds from operations of $1.12 per diluted share, up from $1.11 a year earlier.

Analysts polled by Capital IQ expected $1.08.

Revenue in the quarter that ended March 31 fell to $81.5 million from $82.4 million a year earlier.

Four analysts surveyed by Capital IQ expected $76.9 million.

In 2024, the real estate investment trust boosted normalized FFO guidance to $4.36 to $4.41 a share from $4.31 to $4.37. Analysts polled by Capital IQ expect $4.44.

The company maintained its quarterly dividend at $0.90 a share, payable Aug. 2 to shareholders of record June 28.

Price: 64.00, Change: -0.25, Percent Change: -0.39