Loading…
REIT that owns skilled nursing and assisted living facilities, leasing them to healthcare operators.
REIT that owns skilled nursing and assisted living facilities, leasing them to healthcare operators.
Leases buildings to nursing-home and assisted-living operators on long leases in which the operator pays upkeep, insurance and taxes, with annual rent increases built in. Because operators' income comes largely from government health programs, the rent is only as safe as the operator's finances. It also makes mortgage loans to operators.
Moat: narrow (scale, installed base). A large, diversified portfolio of licensed nursing facilities and long operator relationships built over decades.
Headquarters: Hunt Valley, Maryland, United States · Founded: 1992 · Employees: 69
Size Omega Healthcare Investors (OHI) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $14.6B, the 611th largest of 3,117 United States companies the cockpit tracks. Shares closed at $48.19 on 6 Nov 2026.
Performance Over six months the shares gained 2.1%, against -0.8% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 13.9% over the last twelve months (peer median +4.4%); the operating margin is 60.9% (peer median 30.6%).
Valuation It trades at 2.66× book value against a peer median of 1.79× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 15.3%; Omega Healthcare Investors delivers 14.2%, so the price asks more than the business earns today.
Credit Omega Healthcare Investors has 6 bonds outstanding ($3.75B), rated BBB- by the agencies and trading like BBB- at a weighted spread of 104 bp.
Short interest Short interest is 5.0% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.32B | $1.20B | $1.06B | $965M | $882M |
| Revenue growth | — | +13% | +10% | +9% | — |
| Gross profit | $935M | $858M | $743M | $630M | $535M |
| EBITDA | $1.13B | $1.07B | $974M | $815M | $729M |
| Net income | $746M | $590M | $406M | $242M | $427M |
| Free cash flow | $793M | $811M | $713M | $589M | $582M |
| Capital expenditure | $77.9M | $80.9M | $37.8M | $38.0M | $47.2M |
| Total debt | $4.03B | $4.29B | $4.88B | $5.11B | $5.33B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Omega Healthcare Investors OHI | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% |
| Ventas VTR | $47.9B | +2% | +22% | 2% | 2.97× | 20.2% |
| Welltower WELL | $180B | +15% | +39% | 4% | 3.69× | 24.4% |
| Sabra Health Care REIT SBRA | $5.51B | +1% | +21% | 3% | 1.94× | 13.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OHI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.2% | +6.0% | 7th highest of 21 |
| 6-month return | +2.1% | -0.8% | 9th highest of 21 |
| Return on equity | 14.2% | 7.2% | 4th highest of 21 |
| Price / book | 2.66× | 1.79× | 7th most expensive of 21 |
| Trailing P/E | 19.5× | 28.5× | 5th cheapest of 18 |
| ROE the price implies | 15.3% | 14.9% | 9th most demanding of 21 |
| ROE delivered | 14.2% | 7.2% | 4th highest of 21 |
| Bond spread | 104 bp | 90 bp | 4th widest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Omega Healthcare Investors OHI | United States | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% | 14.2% |
| CapitaLand Integrated Commercial Trust C38U.SI | Singapore | $14.6B | +2% | +5% | 8% | 1.09× | 6.1% | 7.6% |
| Annaly Capital Management NLY | United States | $14.8B | -17% | +23% | 7% | 1.05× | 11.8% | 7.3% |
| Sun Communities SUI | United States | $14.4B | -4% | -19% | 5% | 2.76× | 18.4% | 5.3% |
| Healthpeak Properties DOC | United States | $14.3B | +4% | +9% | 5% | 1.78× | 15.1% | 4.9% |
| W. P. Carey WPC | United States | $15.0B | -12% | +9% | 8% | 1.71× | 12.9% | 7.7% |
| Weyerhaeuser WY | United States | $15.1B | -10% | -1% | 5% | 1.61× | 13.6% | 4.8% |
| Link REIT 0823.HK | Hong Kong | $13.8B | +3% | -3% | -5% | 0.71× | 5.9% | -4.7% |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% | 7.0% |
| Regency Centers REG | United States | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% | 8.2% |
| Invitation Homes INVH | United States | $15.6B | -5% | +5% | 7% | 1.79× | 13.6% | 7.4% |
| Lamar Advertising LAMR | United States | $15.8B | -1% | +4% | 59% | 16.13× | 134.1% | 58.9% |
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% | 7.8% |
| Scentre SCG.AX | Australia | $13.1B | -1% | -4% | 10% | 0.97× | 11.6% | 10.4% |
| SEGRO SGRO.L | United Kingdom | $16.6B | +33% | +7% | 2% | 1.03× | 14.8% | 2.5% |
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% | 4.0% |
| Host Hotels & Resorts HST | United States | $16.9B | +15% | +5% | 16% | 2.64× | 22.6% | 15.8% |
| Kimco Realty KIM | United States | $17.0B | +10% | +3% | 7% | 1.67× | 13.9% | 7.2% |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 22% | 6.99× | 37.4% | 22.3% |
| Essex Property Trust ESS | United States | $17.5B | +4% | +5% | 6% | 3.30× | 20.8% | 6.4% |
| American Homes 4 Rent AMH | United States | $11.8B | +2% | +4% | 7% | 1.73× | 12.9% | 6.8% |
Omega Healthcare Investors has 6 bonds outstanding with $3.75B face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 5.59%, a spread of 104 bp over government bonds.