05:49 PM EDT, 08/06/2024 (MT Newswires) -- National Health Investors ( NHI ) reported Q2 normalized funds from operations late Tuesday of $1.18 per diluted share, up from $1.06 per share a year earlier.

Analysts polled by Capital IQ expected $1.11.

Revenue for the quarter ended June 30 rose to $85 million from $77.9 million a year earlier.

Analysts surveyed by Capital IQ expected $77.6 million.

For 2024, the company said it now expects a normalized FFO of $4.52 to $4.56 per share, compared with its prior outlook of $4.37 to $4.43.

The consensus is for $4.52.

Separately, National Health kept its quarterly dividend at $0.90 per share, payable Nov. 1 to stockholders of record as of Sept. 27.

The company's shares were up 1.3% in after-hours activity.

Price: 75.30, Change: +0.97, Percent Change: +1.30