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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate properties:    
Land $ 180,749 $ 180,749
Buildings and improvements 2,596,232 2,593,696
Construction in progress 6,389 5,913
Real estate properties, gross 2,783,370 2,780,358
Less accumulated depreciation (690,790) (673,276)
Real estate properties, net 2,092,580 2,107,082
Mortgage and other notes receivable, net of reserve of $15,475 and $15,476, respectively 258,874 245,271
Cash and cash equivalents 11,357 22,347
Straight-line rent receivable 84,257 84,713
Assets held for sale, net 5,004 5,004
Other assets, net 26,053 24,063
Total Assets [1] 2,478,125 2,488,480
Liabilities and Stockholders’ Equity:    
Debt 1,139,266 1,135,051
Accounts payable and accrued expenses 26,782 34,304
Dividends payable 39,082 39,069
Deferred income 5,429 6,009
Total Liabilities [1] 1,210,559 1,214,433
Commitments and contingencies
Redeemable noncontrolling interest 9,425 9,656
National Health Investors, Inc. Stockholders’ Equity:    
Common stock 434 434
Capital in excess of par value 1,605,912 1,603,757
Retained earnings 2,497,791 2,466,844
Cumulative dividends (2,856,165) (2,817,083)
Total National Health Investors, Inc. Stockholders’ Equity 1,247,972 1,253,952
Noncontrolling interests 10,169 10,439
Total Equity 1,258,141 1,264,391
Total Liabilities and Equity $ 2,478,125 $ 2,488,480
[1] The consolidated balance sheets include the following amounts related to our consolidated Variable Interest Entities (VIEs): $510.1 million and $513.2 million of Real estate properties, net; $5.4 million and $10.9 million of Cash and cash equivalents;$9.7 million and $9.7 million of Straight-line rent receivable; $9.8 million and $9.4 million of Other assets, net; and $2.6 million
and $4.7 million of Accounts payable and accrued expenses, in each case as of March 31, 2024 and December 31, 2023, respectively.