National Health Investors Inc (NHI) has reported a 35.16 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $44.23 million, or $1.10 a share in the quarter, compared with $32.72 million, or $0.85 a share for the same period last year. Revenue during the quarter grew 12.49 percent to $66.39 million from $59.02 million in the previous year period.
Total expenses were $32.25 million for the quarter, up 17.97 percent or $4.91 million from year-ago period. Operating margin for the quarter contracted 226 basis points over the previous year period to 51.43 percent.
Operating income for the quarter was $34.14 million, compared with $31.68 million in the previous year period.
Revenue from real estate activities during the quarter increased 14.64 percent or $8.06 million to $63.14 million.
Income from operating leases during the quarter rose 14.64 percent or $8.06 million to $63.14 million.
Other income during the quarter was $3.25 million, down 17.57 percent or $0.69 million from year-ago period.
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