MURFREESBORO, TN - National Health Investors, Inc. (NYSE:NHI), a real estate investment trust specializing in senior housing and medical investments, announced the appointment of Candice Todd to its Board of Directors, effective January 1, 2025. Todd brings a wealth of experience from her tenure as Managing Director/Global Chief Financial Officer of Morgan Stanley (NYSE:MS) Real Estate Investments, where she served from 2019 until her retirement in February 2023.
Todd's career at Morgan Stanley began in 1994, and she has held various roles focusing on real estate investment, finance, and accounting. Her expertise extends to serving as Global Chief Financial Officer for Morgan Stanley's open-end funds across the U.S., Europe, and Asia. Additionally, Todd has served as the chair of the National Council of Real Estate Investment Fiduciaries and is currently a member of the Board of Directors at Highwoods Properties , Inc. (NYSE:NYSE:HIW), where she is recognized as a financial expert on the audit committee. According to InvestingPro, HIW has maintained dividend payments for 31 consecutive years and delivered an impressive 70% return over the past year. The company maintains strong liquidity with a current ratio of 1.62 and offers a substantial 6.16% dividend yield.
Eric Mendelson, President and CEO of NHI, expressed confidence in Todd's appointment, stating, "We are delighted to welcome Candice to the NHI Board of Directors and expect her contributions to create long-term value for our shareholders."
National Health Investors, Inc., incorporated in 1991, has a diversified portfolio that includes independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals. The company's strategic focus is on sale, leasebacks, joint ventures, senior housing operating partnerships, and mortgage and mezzanine financing.
The press release also contained forward-looking statements regarding NHI's potential future financial performance and growth opportunities. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. The company cautions that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties that cannot be predicted or quantified. For investors seeking deeper insights into both NHI and HIW, InvestingPro offers comprehensive research reports with detailed financial analysis, Fair Value estimates, and expert insights for over 1,400 US stocks, helping investors make more informed decisions in the REIT sector.
The information in this article is based on a press release statement provided by National Health Investors, Inc.
In other recent news, Highwoods Properties, Inc. reported a robust third quarter in 2024, with significant leasing activity and solid financial performance. The company's net income was $14.6 million, or $0.14 per share, and funds from operations (FFO) reached $97.1 million, or $0.90 per share. Highwoods also revised its full-year FFO outlook upward by $0.03, now expecting it to be between $3.59 to $3.63 per share. The quarter marked the highest leasing performance in over ten years for Highwoods, signing 906,000 square feet, and the company is on track to end the year with an occupancy rate between 86.5% and 87%.
Recent developments also highlight Highwoods' strategic positioning and portfolio investments. Despite an anticipated dip in occupancy rates in early 2025, the company remains optimistic about market dynamics, including reduced sublease availability and increasing return-to-office mandates. Highwoods is also capitalizing on the strong demand for quality office spaces in the Sunbelt region, with a development pipeline that is now 49% leased.
The company continues to focus on selling non-core assets and repositioning strategic ones, with executives expressing confidence in future revenue growth. Furthermore, potential capital market opportunities may arise with expected Federal Reserve rate cuts, indicating a healthy demand for custom spaces. These are among the recent developments for Highwoods Properties, Inc.
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