NYSE : OHI
Omega Healthcare Investors, Inc. — Financial statements
Real Estate · REIT - Healthcare Facilities · United States
Last price 46.98 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 14.89B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 1.07B | 1.00B | 887.91M | 826.39M | 751.23M | 923.68M |
| Other Revenue | 12.77M | 13.02M | 6.27M | 3.46M | 3.09M | 1.72M |
| Total Revenue | 1.26B | 1.19B | 1.05B | 949.74M | 878.24M | 1.06B |
| Property Expenses | 32.48M | 14.44M | 14.56M | 15.03M | 15.50M | 12.26M |
| Selling, General & Administrative | 116.86M | 104.14M | 88.00M | 81.50M | 69.40M | 64.63M |
| Depreciation & Amortization | 330.85M | 325.25M | 304.65M | 319.68M | 332.41M | 342.01M |
| Provision for Loan Losses | 6.30M | -2.34M | 15.48M | -44.56M | -68.66M | -77.02M |
| Total Operating Expenses | 453.25M | 446.16M | 391.73M | 460.77M | 485.97M | 495.92M |
| Operating Income | 808.12M | 743.94M | 659.66M | 488.97M | 392.28M | 566.89M |
| Interest Expense | -207.73M | -215.03M | -221.72M | -235.53M | -233.24M | -234.60M |
| Income (Loss) on Equity Investments | 9.18M | -218.00K | 7.92M | -582.00K | 7.26M | 16.06M |
| Other Non-Operating Income | 27.12M | 50.06M | 6.83M | 20.30M | -2.00M | -581.00K |
| EBT Excluding Unusual Items | 636.70M | 578.75M | 452.69M | 273.16M | 164.30M | 347.77M |
| Merger & Restructuring Charges | -6.52M | -4.22M | -11.62M | -5.34M | -42.01M | -1.81M |
| Gain (Loss) on Sale of Assets | 283.88M | 67.30M | 13.17M | 79.67M | 359.95M | 161.61M |
| Asset Writedown | -7.55M | -22.61M | -23.83M | -91.94M | -38.45M | -44.66M |
| Other Unusual Items | 5.00M | 5.00M | -1.75M | -492.00K | -389.00K | -30.76M |
| Pretax Income | 911.50M | 624.22M | 428.66M | 255.05M | 443.40M | 432.14M |
| Income Tax Expense | 16.33M | 14.75M | 10.86M | 6.25M | 4.56M | 3.84M |
| Earnings From Continuing Operations | 895.17M | 609.47M | 417.80M | 248.80M | 438.84M | 428.30M |
| Minority Interest in Earnings | -36.75M | -19.28M | -11.48M | -6.62M | -11.91M | -11.56M |
| Net Income | 858.43M | 590.18M | 406.33M | 242.18M | 426.93M | 416.74M |
| Preferred Dividends & Other Adjustments | 16.44M | 18.16M | ||||
| Net Income to Common | 841.99M | 572.03M | 406.33M | 242.18M | 426.93M | 416.74M |
| Basic Shares Outstanding | 297.07M | 291.65M | 258.12M | 240.49M | 236.26M | 236.93M |
| Diluted Shares Outstanding | 313.25M | 304.95M | 270.45M | 250.45M | 244.29M | 244.34M |
| EPS (Basic) | 2.83 | 1.96 | 1.57 | 1.01 | 1.81 | 1.76 |
| EPS (Diluted) | 2.80 | 1.94 | 1.55 | 1.00 | 1.80 | 1.75 |
| Dividend Per Share | 2.69 | 2.68 | 2.68 | 2.68 | 2.68 | 2.68 |
| Operating Margin | 64.07% | 62.51% | 62.74% | 51.48% | 44.67% | 53.34% |
| Profit Margin | 66.75% | 48.07% | 38.65% | 25.50% | 48.61% | 39.21% |
| EBITDA | 1.14B | 1.07B | 964.31M | 808.65M | 719.02M | 899.39M |
| EBITDA Margin | 90.30% | 89.84% | 91.72% | 85.15% | 81.87% | 84.62% |
| D&A For Ebitda | 330.85M | 325.25M | 304.65M | 319.68M | 326.75M | 332.50M |
| EBIT | 808.12M | 743.94M | 659.66M | 488.97M | 392.28M | 566.89M |
| EBIT Margin | 64.07% | 62.51% | 62.74% | 51.48% | 44.67% | 53.34% |
| Funds From Operations (FFO) | 975.12M | 898.91M | 733.91M | 591.18M | 460.54M | 655.24M |
| FFO Per Share | 3.11 | 2.95 | 2.71 | 2.36 | 1.89 | |
| Adjusted Funds From Operations (AFFO) | 1.01B | 946.15M | 778.14M | 591.18M | 460.54M | 655.24M |
| AFFO Per Share | 3.24 | 3.10 | 2.87 | 2.79 | 2.99 | |
| FFO Payout Ratio | 81.53% | 86.81% | 93.40% | 108.91% | 137.43% | 97.31% |
| Effective Tax Rate | 1.79% | 2.36% | 2.53% | 2.45% | 1.03% | 0.89% |
| Revenue as Reported | 1.28B | 1.19B | 1.05B | 949.74M | 878.24M | 1.06B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 6.47B | 6.73B | 6.37B | 5.93B | 6.56B | 6.86B |
| Cash & Equivalents | 39.04M | 27.02M | 518.34M | 442.81M | 297.10M | 20.53M |
| Accounts Receivable | 276.09M | 285.93M | 269.54M | 232.13M | 188.83M | 264.36M |
| Other Receivables | 2.36M | 1.84M | 3.13M | 5.70M | 9.59M | |
| Goodwill | 644.44M | 644.63M | 643.66M | 643.90M | 643.15M | 651.42M |
| Other Intangible Assets | 25.36M | 27.16M | 28.06M | 682.00K | 1.45M | 1.62M |
| Restricted Cash | 145.17M | 27.54M | 30.39M | 1.92M | 3.54M | 3.88M |
| Other Current Assets | 2.12M | 5.73M | 65.01M | 76.02M | 137.42M | 242.63M |
| Deferred Long-Term Tax Assets | 5.89M | |||||
| Other Long-Term Assets | 777.25M | 587.36M | 213.01M | 296.33M | 298.72M | 276.15M |
| Total Assets | 10.01B | 10.05B | 9.90B | 9.12B | 9.41B | 9.64B |
| Current Portion of Long-Term Debt | 707.97M | 13.66M | 450.55M | 905.13M | 352.16M | 96.00K |
| Long-Term Debt | 3.32B | 4.26B | 4.39B | 4.17B | 4.93B | 5.25B |
| Long-Term Leases | 29.51M | 30.33M | 31.62M | 19.13M | 17.18M | |
| Accrued Expenses | 333.87M | 302.93M | 289.24M | 238.01M | 274.08M | 231.21M |
| Other Long-Term Liabilities | 6.02M | 6.44M | 8.08M | 11.61M | 21.84M | 28.23M |
| Total Liabilities | 4.37B | 4.61B | 5.17B | 5.36B | 5.60B | 5.53B |
| Common Stock | 29.91M | 29.55M | 27.91M | 24.53M | 23.43M | 23.91M |
| Additional Paid-In Capital | 8.81B | 8.69B | 7.92B | 6.67B | 6.31B | 6.43B |
| Distributions in Excess of Earnings | -3.51B | -3.62B | -3.43B | -3.15B | -2.75B | -2.54B |
| Comprehensive Income & Other | 58.11M | 79.04M | 22.73M | 29.34M | 20.32M | -2.20M |
| Total Common Equity | 5.39B | 5.18B | 4.54B | 3.57B | 3.61B | 3.91B |
| Minority Interest | 251.76M | 259.20M | 194.17M | 187.71M | 193.91M | 201.39M |
| Shareholders' Equity | 5.64B | 5.44B | 4.73B | 3.76B | 3.80B | 4.11B |
| Total Liabilities & Equity | 10.01B | 10.05B | 9.90B | 9.12B | 9.41B | 9.64B |
| Total Debt | 4.03B | 4.30B | 4.87B | 5.11B | 5.31B | 5.27B |
| Net Cash (Debt) | -3.99B | -4.27B | -4.35B | -4.66B | -5.01B | -5.25B |
| Net Cash Per Share | -12.75 | -14.01 | -16.09 | -18.62 | -20.50 | -21.49 |
| Filing Date Shares Outstanding | 303.01M | 295.57M | 281.84M | 245.30M | 234.27M | 239.11M |
| Total Common Shares Outstanding | 299.11M | 295.54M | 279.13M | 245.28M | 234.25M | 239.06M |
| Book Value Per Share | 18.02 | 17.53 | 16.25 | 14.57 | 15.41 | 16.34 |
| Tangible Book Value | 4.72B | 4.51B | 3.86B | 2.93B | 2.96B | 3.25B |
| Tangible Book Value Per Share | 15.78 | 15.26 | 13.85 | 11.95 | 12.66 | 13.61 |
| Land | 1.18B | 1.18B | 996.70M | 870.31M | 923.61M | 919.18M |
| Buildings | 7.73B | 7.90B | 7.34B | 6.89B | 7.35B | 7.52B |
| Construction In Progress | 16.79M | 12.49M | 210.87M | 138.41M | 88.90M | 74.06M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 858.43M | 590.18M | 406.33M | 242.18M | 426.93M | 416.74M |
| Depreciation & Amortization | 330.85M | 325.25M | 304.65M | 319.68M | 326.75M | 332.50M |
| Other Amortization | 5.38M | 968.00K | 12.15M | 14.19M | 13.34M | 43.05M |
| Gain (Loss) on Sale of Assets | -283.88M | -67.30M | -13.17M | -79.67M | -359.87M | -161.55M |
| Asset Writedown | 7.55M | 22.61M | 23.83M | 91.94M | 38.45M | 44.66M |
| Stock-Based Compensation | 53.19M | 44.19M | 36.70M | 35.07M | 27.30M | 21.41M |
| Income (Loss) on Equity Investments | 5.35M | 6.13M | 1.95M | 182.00K | 455.00K | -2.06M |
| Change in Accounts Receivable | -9.00M | -6.16M | -906.00K | -18.87M | 8.99M | -36.90M |
| Change in Other Net Operating Assets | -34.37M | 3.21M | 33.76M | 3.77M | 6.47M | -4.92M |
| Other Operating Activities | -36.63M | -42.87M | -40.37M | -35.30M | 68.25M | -7.81M |
| Operating Cash Flow | 890.56M | 878.55M | 749.43M | 617.74M | 625.73M | 722.14M |
| Acquisition of Real Estate Assets | -435.03M | -797.49M | -515.37M | -344.96M | -294.34M | -755.88M |
| Sale of Real Estate Assets | 659.49M | 282.78M | 95.05M | 585.03M | 759.05M | 318.53M |
| Net Sale / Acq. of Real Estate Assets | 224.46M | -514.71M | -420.32M | 240.07M | 464.71M | -437.36M |
| Cash Acquisition | -5.73M | |||||
| Investment in Marketable & Equity Securities | -199.88M | -109.17M | 46.00K | -3.54M | 3.21M | 7.38M |
| Other Investing Activities | 12.40M | 11.07M | 11.50M | 18.14M | 1.25M | 5.99M |
| Investing Cash Flow | 186.54M | -539.79M | -671.16M | -770.00K | 442.85M | -524.17M |
| Long-Term Debt Issued | 1.31B | 657.82M | 507.07M | 597.40M | 2.28B | |
| Long-Term Debt Repaid | -1.90B | -1.15B | -734.99M | -589.29M | -2.18B | |
| Net Debt Issued (Repaid) | -964.52M | -585.05M | -487.48M | -227.92M | 8.11M | 96.82M |
| Issuance of Common Stock | 255.23M | 606.77M | 1.24B | 336.40M | 8.11M | 274.01M |
| Repurchase of Common Stock | -142.27M | |||||
| Common Dividends Paid | -795.05M | -780.39M | -685.45M | -643.87M | -632.89M | -637.65M |
| Other Financing Activities | -160.00M | -79.59M | -36.41M | 62.07M | -30.51M | -74.30M |
| Foreign Exchange Rate Adjustments | -1.14M | 5.33M | -580.00K | 430.00K | -2.90M | 7.00K |
| Net Cash Flow | -588.38M | -494.17M | 104.00M | 144.09M | 276.23M | -143.15M |
| Levered Free Cash Flow | 665.50M | 759.89M | 624.84M | 513.57M | 694.61M | 448.76M |
| Unlevered Free Cash Flow | 789.95M | 893.32M | 751.27M | 646.59M | 827.05M | 552.34M |
| Cash Interest Paid | 215.62M | 224.05M | 230.99M | 234.45M | 220.75M | 214.41M |
| Cash Income Tax Paid | 15.58M | 4.31M | 8.41M | 3.62M | 5.79M | 6.29M |
| Change in Working Capital | -43.37M | -2.95M | 32.85M | -15.10M | 15.46M | -41.82M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.95B | 13.10B | 10.22B | 7.51B | 6.55B | 7.07B |
| Enterprise Value | 18.95B | 17.58B | 14.94B | 12.44B | 11.89B | 12.44B |
| Last Close Price | 46.98 | 42.48 | 33.84 | 25.34 | 21.13 | 20.41 |
| Price/FFO Ratio | 15.11 | 14.40 | 12.49 | 10.74 | 11.18 | |
| Price/AFFO Ratio | 14.53 | 13.70 | 11.79 | 9.08 | 7.07 | |
| PE Ratio | 16.82 | 22.91 | 25.15 | 31.02 | 15.33 | 16.97 |
| PS Ratio | 11.77 | 11.01 | 9.72 | 7.91 | 7.45 | 6.65 |
| PB Ratio | 2.61 | 2.41 | 2.16 | 2.00 | 1.72 | 1.72 |
| P/OCF Ratio | 16.67 | 14.91 | 13.63 | 12.16 | 10.46 | 9.79 |
| EV/Sales Ratio | 14.93 | 14.77 | 14.21 | 13.10 | 13.54 | 11.71 |
| EV/EBITDA Ratio | 16.54 | 16.44 | 15.49 | 15.38 | 16.54 | 13.84 |
| EV/EBIT Ratio | 23.31 | 23.63 | 22.65 | 25.43 | 30.32 | 21.95 |
| Debt / Equity Ratio | 0.71 | 0.79 | 1.03 | 1.36 | 1.40 | 1.28 |
| Debt / EBITDA Ratio | 3.53 | 4.01 | 5.03 | 6.29 | 7.36 | 5.85 |
| Net Debt / Equity Ratio | 0.71 | 0.79 | 0.92 | 1.24 | 1.32 | 1.28 |
| Net Debt / EBITDA Ratio | 3.51 | 4.00 | 4.51 | 5.77 | 6.97 | 5.84 |
| Asset Turnover | 0.12 | 0.12 | 0.11 | 0.10 | 0.09 | 0.11 |
| Quick Ratio | 0.30 | 1.00 | 1.07 | 0.59 | 0.79 | 1.27 |
| Current Ratio | 0.44 | 1.10 | 1.20 | 0.66 | 1.01 | 2.34 |
| Return on Equity (ROE) | 16.53% | 11.98% | 9.84% | 6.58% | 11.09% | 10.52% |
| Return on Assets (ROA) | 4.91% | 4.66% | 4.34% | 3.30% | 2.57% | 3.70% |
| Return on Invested Capital (ROIC) | 8.11% | 7.51% | 6.96% | 5.31% | 4.20% | 6.04% |
| Earnings Yield | 5.94% | 4.50% | 3.98% | 3.22% | 6.52% | 5.89% |
| Dividend Yield | 5.76% | 6.04% | 7.32% | 8.75% | 9.59% | 9.06% |
| Payout Ratio | 96.98% | 132.23% | 168.69% | 265.86% | 148.24% | 153.01% |
| Buyback Yield / Dilution | -7.91% | -12.76% | -7.99% | -2.52% | 0.02% | -3.93% |
| Total Shareholder Return | -2.10% | -6.71% | -0.66% | 6.23% | 9.61% | 5.13% |