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Omega Healthcare (OHI)
NYSE:OHI
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.5Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational and financial momentum: solid Q4 and full-year growth, meaningful capital deployment ($1.1B in 2025), improved portfolio coverage (EBITDAR 1.57x), deleveraging (> $700M of debt reductions), strong liquidity capacity, and explicit 2026 AFFO guidance ($3.15–$3.25). Notable risks include the ongoing Genesis bankruptcy (timing/outcome uncertainty), near-term headwinds from loan maturities and asset sales, modest on-balance cash and some shareholder dilution, plus incremental operational risk from the new RIDEA strategy. Overall, the positives around growth, balance sheet strengthening, and deal flow materially outweigh the challenges, though execution and timing on Genesis and loan redeployments bear watching.Company Guidance
Strong Quarterly Financial Performance
Q4 revenue $319M versus $279M year-ago (+~14%); net income $172M ($0.55/share) vs $116M ($0.41/share) (+~48%). Q4 adjusted FFO $250M ($0.80/share) and FAD $238M ($0.76/share). FAD improved $0.01 vs Q3.
Full-Year Growth and Significant Capital Deployment
Full-year 2025 AFFO and FAD growth exceeded 8% year-over-year. Omega deployed ~$1.1B of capital in 2025 (≈66% into senior housing / U.K. care homes). Q4 new investments totaled $334M (ex $31M CapEx) and subsequent closings added ~$212M.
Expanded Strategic Relationships and New Platforms
Expanded Sabra relationship (step 1: $222M real estate JV; step 2: $93M/9.9% equity in Sabra operating company with minimum 8% cash return). Launched and closed initial RIDEA transactions (U.S. senior housing and U.K. care homes) and committed up to $64M to Canadian development with optional equity conversion.
Improving Portfolio Credit Quality and Coverage
Trailing 12-month operator EBITDAR coverage for triple-net and mortgage core portfolio increased to 1.57x from 1.55x and remains above industry average, providing enhanced credit support for leased assets and confidence in operator viability.
Balance Sheet Strengthening and Liquidity
Reduced funded debt by over $700M through early repayment of debt (including $600M senior unsecured notes and other secured borrowings). Ended Q4 with $27M cash and >$1.7B available capacity on a $2B revolver; new $2B ATM program in place. Fixed-charge coverage ratio 5.8x and leverage 3.51x.
2026 Guidance and Robust Pipeline
Full-year 2026 adjusted FFO guidance of $3.15–$3.25 per share provided. Management describes a strong, diversified pipeline for 2026 (roughly one-third skilled nursing, one-third senior housing, one-third U.K. care homes) and expects continued capital deployment and portfolio growth.
High-Return Acquisitions and Yield Opportunities
Closed skilled nursing portfolio in Georgia with a lease yield of 10.6% and quoted SNF deals at ~10% yields. Targeted unlevered IRR for investments is low- to mid-teens (conservative underwriting, opportunity to buy below replacement cost).
OHI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OHI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $42.32 | $44.90 | +6.07% |
Oct 30, 2025 | $38.65 | $40.75 | +5.42% |
Jul 31, 2025 | $37.08 | $38.08 | +2.70% |
May 01, 2025 | $36.09 | $34.65 | -3.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Omega Healthcare (OHI) report earnings?
Omega Healthcare (OHI) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Omega Healthcare (OHI) earnings time?
Omega Healthcare (OHI) earnings time is at May 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OHI EPS forecast?
OHI EPS forecast for the fiscal quarter 2026 (Q1) is 0.5.