financetom
Business
financetom
/
Business
/
Land & Buildings nominates two directors to medical REIT NHI's board
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Land & Buildings nominates two directors to medical REIT NHI's board
Apr 9, 2025 3:13 PM

April 9 (Reuters) - Activist investor Jonathan Litt's

Land & Buildings Investment Management nominated two directors

to National Health Investors' ( NHI ) board on Wednesday,

escalating a proxy battle with the medical real-estate firm.

Land & Buildings, which owns about 1.3% of outstanding

shares in NHI, urged the medical real-estate investment firm's

shareholders to elect Adam Troso and Jim Hoffmann at an annual

stockholder meeting on May 21.

Hoffman is a former partner and senior vice president of

Wellington Management Company and Troso is a former managing

director at J.P. Morgan and Greenhill in Real Estate Investment

Banking, Land & Buildings said.

Litt launched a proxy fight at NHI in February and sought to

oust two board members, according to a media report.

The activist firm said on Wednesday that NHI's stock has

underperformed due to the company's structure and its board

being closely tied to one of its largest tenants, National

Healthcare ( NHC ).

Last year, it urged National Health Investors' ( NHI ) shareholders

to vote against two directors at the company's 2024 annual

general meeting.

NHI said on Tuesday that Land & Buildings has proposed no

new ideas for its business or strategy and added that their

demand to pick candidates was "unwarranted."

The company has a market capitalization of about $3.21

billion, according to data compiled by LSEG.

NHI did not immediately respond to Reuters' request for

comment.

(Reporting by Anshuman Tripathy in Bengaluru; Editing by

Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Soccer-Man Utd captain Fernandes needs to trust his teammates, Amorim says
Soccer-Man Utd captain Fernandes needs to trust his teammates, Amorim says
Mar 14, 2025
March 14 (Reuters) - Manchester United ( MANU ) manager Ruben Amorim described Bruno Fernandes as the perfect captain on Thursday after his hat-trick sealed a 4-1 Europa League win over Real Sociedad but said the midfielder must also show some trust in his teammates. After a 1-1 draw in the first leg in Spain, United fell behind at Old...
World's top electronics maker Foxconn Q4 profit drops 13%
World's top electronics maker Foxconn Q4 profit drops 13%
Mar 14, 2025
TAIPEI, March 14 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, reported a 13% drop in fourth-quarter profit as weak performance in its consumer electronics division offset strength in its AI server segment business. Net profit for October-December for Apple's ( AAPL ) top iPhone assembler and Nvidia's ( NVDA ) AI server maker came in at T$46.33...
BMW says U.S. tariffs to dent autos earning margin by one percentage point
BMW says U.S. tariffs to dent autos earning margin by one percentage point
Mar 14, 2025
(Reuters) - BMW's Chief Financial Officer said on Friday that the added tariffs on U.S. imports imposed up until March 12 would reduce its earnings margin in the autos segment by one percentage point, according to a copy of his speech seen in advance. Still, the carmaker anticipated solid market development in the United States due to a robust economic...
Daimler Truck forecasts 5%-15% increase in operating profit for 2025
Daimler Truck forecasts 5%-15% increase in operating profit for 2025
Mar 14, 2025
March 14 (Reuters) - Daimler Truck, one of the world's largest truckmakers, on Friday forecast its 2025 adjusted operating profit to rise by 5%-15% and launched a cost-cutting programme in Europe after the region underperformed last year. While 2024 was a solid year with strong cash generation on a Group level, performance and resilience are not satisfying in Europe, CFO...
Copyright 2023-2025 - www.financetom.com All Rights Reserved