Omega Healthcare Investors, Inc.

omegahealthcare.com

What Do They Do?

Owns and leases healthcare properties, mainly skilled nursing and assisted living facilities, to long-term care operators, and lends against healthcare real estate.

How Do They Make Money?

Operators make monthly rent payments for facilities under master leases; borrowers pay interest on real estate loans, typically at a fixed rate over the loan term.

FY2025 revenue

Who Are Their Customers?

Long-term care operators and their affiliates lease facilities or borrow against healthcare properties directly from Omega; outside property managers run facilities in its managed structure.

Do Revenues Turn Into Profits?

Yes. It kept 50 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

50% of revenue

▲ +45% vs FY2024 ($406.3M, 39%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +16%; vs $282.5M in Q2 FY2025
Net income: ▲ +166%; vs $136.6M in Q2 FY2025

Jul 29, 2026 Raised 2026 adjusted funds-per-share guidance The expected range rose to $3.22 to $3.26 per diluted share from $3.19 to $3.25.
May 21, 2026 Announced CEO and CFO retirements and successors C. Taylor Pickett is due to leave October 1, 2026, and Robert O. Stephenson August 1, 2026; Matthew P. Gourmand and Neal A. Ballew are successors.

Growing. Revenue grew 12% in 4 years, from $1.1B in FY2021 to $1.2B in FY2025, about 3% a year.

Canadian lending The latest report adds Canada as a market for healthcare-property lending, while the older report describes investments in the U.S. and U.K.

Managed facilities The older report centers on leases and loans, while the latest also describes healthcare facilities owned and run through outside managers.

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