1. Land & Buildings narrowly missed a board seat at NHI's annual meeting. 2. 60% of unaffiliated stockholders supported Land & Buildings' nominees. 3. Improvements in governance and performance have been noted by Land & Buildings. 4. Future focus includes NHC lease negotiations and capital allocation decisions. 5. Land & Buildings plans to hold NHI accountable for performance improvements.
The high support for Land & Buildings' nominees suggests positive shareholder sentiment, potentially increasing NHI's market value. Historical examples show that significant shareholder backing often leads to enhanced company performance and governance.
The article highlights potential changes in governance which are likely to affect NHI's future performance and stock price. The focus on accountability and corporate improvement could attract further investor interest.
The ongoing engagement and focus on governance changes indicate potential for long-term value. Similar situations in other firms have resulted in improved operational efficiency and stock performance over time.
STAMFORD, Conn.--(BUSINESS WIRE)--Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”), a significant stockholder of National Health Investors, Inc. (NYSE: NHI) (“NHI” or the “Company”), issued the following statement in connection with the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).
“We want to thank our fellow stockholders and the leading proxy advisory firms for their support and dialogue throughout this campaign. Based on preliminary results, Land & Buildings fell just short of gaining a board seat for its nominees, with a margin of about 1% of the outstanding shares. While we are disappointed with the outcome, we recognize the Company has made improvements in direct response to our engagement. However, we continue to believe further change is warranted – underscored by the fact that our nominees received the support of at least 60% of unaffiliated stockholders of NHI and National Healthcare Corp. (NHC) who voted at the 2025 Annual Meeting.
Land & Buildings is hopeful that the message has been received, and that we will see further improvements to NHI’s governance and performance. We will be keeping a close eye on the NHC lease renewal negotiation and future capital allocation decisions to ensure management is empowered to maximize value. We will not hesitate to hold the Company accountable moving forward, including, if necessary, by taking our concerns directly to stockholders again.”