OMEGA HEALTHCARE INVESTORS INC OHI
Omega Healthcare Investors, Inc. ("Parent") is a Maryland corporation that invests in healthcare-related real estate properties located in the United States ("U.S."), the United Kingdom ("U.K.") and Canada, which investments comprise our one reportable segment. Omega became a publicly traded company listed on the New York Stock Exchange in 1992. Our primary objective is to provide strong returns to our investors, while serving as the preferred capital partner to our third-party healthcare operating companies and affiliates (collectively, our "operators") and other third-party high quality healthcare operators so they can concentrate on providing a high level of care for their resident-patients.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.05B | $949.7M | $878.2M | $1.06B | $892.4M | $928.8M | $881.7M | $908.4M | $900.8M |
| SG&A | $104.1M | $88.0M | $81.5M | $69.4M | $64.6M | $59.9M | $57.9M | $63.5M | $47.7M | $45.9M |
| Total operating expenses | $688.0M | $648.9M | $793.6M | $799.7M | $777.0M | $734.9M | $641.5M | $610.3M | $647.1M | $391.1M |
| Operating income | — | — | — | — | — | — | $551.7M | $497.6M | $315.2M | $560.0M |
| Interest expense | — | — | — | — | — | — | — | $192.5M | $188.8M | $164.1M |
| Pre-tax income | $624.2M | $428.7M | $255.1M | $436.1M | $416.1M | $162.3M | $343.8M | $296.5M | $105.9M | $384.3M |
| Income tax | $14.7M | $10.9M | $6.3M | $4.6M | $3.8M | $4.9M | $2.8M | $3.0M | $3.2M | $1.4M |
| Net income | $609.5K | $417.8K | $248.8K | $438.8K | $428.3K | $163.5M | $351.9M | $293.9M | $104.9M | $383.4M |
| EPS, basic | 1.96 | 1.57 | 1.01 | 1.81 | 1.76 | 0.70 | 1.60 | 1.41 | 0.51 | 1.91 |
| EPS, diluted | 1.94 | 1.55 | 1.00 | 1.80 | 1.75 | 0.70 | 1.58 | 1.40 | 0.51 | 1.90 |
| Shares, diluted (wtd. avg.) | $305.0M | $270.4M | $250.5M | $244.3M | $244.3M | $235.1M | $222.1M | $209.7M | $206.8M | $201.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $27.0M | $518.3M | $442.8M | $300.6M | $24.4M | $167.6M | $33.4M | $11.7M | $96.8M | $107.3M |
| Goodwill | $644.6M | $643.7M | $643.9M | $643.2M | $651.4M | $651.7M | $644.4M | $644.0M | $644.7M | $643.5M |
| Other intangibles | $27.2M | $28.1M | $682.0K | $1.4M | $1.6M | $1.9M | $28.0M | — | — | — |
| Total assets | $10.05B | $9.90B | $9.12B | $9.41B | $9.64B | $9.50B | $9.80B | $8.59B | $8.77B | $8.95B |
| Long-term debt | $4.26B | $4.84B | $5.07B | $5.29B | $5.25B | $5.17B | $5.14B | $4.54B | $4.57B | $4.37B |
| Total liabilities | $4.61B | $5.17B | $5.36B | $5.60B | $5.53B | $5.46B | $5.46B | $4.83B | $4.89B | $4.74B |
| Retained earnings | $4.68B | $4.09B | $3.68B | $3.44B | $3.01B | $2.59B | $2.46B | $2.13B | $1.84B | $1.74B |
| Total equity | $5.18B | $4.54B | $3.76B | $3.80B | $4.11B | $4.04B | $4.34B | $3.76B | $3.89B | $4.21B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $878.6M | $749.4M | $617.7M | $625.7M | $722.1M | $708.3M | $553.7M | $499.4M | $577.9M | $624.8M |
| Depreciation and amortisation | $325.2M | $304.6M | $319.7M | $332.4M | $342.0M | $329.9M | $301.7M | $281.3M | $287.6M | $267.1M |
| Stock-based compensation | $44.2M | $36.7M | $35.1M | $27.3M | $21.4M | $18.8M | $15.4M | $16.0M | $15.2M | $13.8M |
| Capital expenditure | $80.9M | $37.8M | $38.0M | $47.2M | $44.9M | $31.1M | $52.9M | $29.8M | $37.8M | $40.5M |
| Investing cash flow | -$539.8M | -$671.2M | -$770.0K | $442.9M | -$524.2M | -$89.1M | -$379.0M | -$173.2M | -$285.1M | -$1.11B |
| Financing cash flow | -$838.3M | $26.3M | -$473.3M | -$789.4M | -$341.1M | -$485.5M | -$154.0M | -$410.7M | -$303.8M | $576.3M |
| Dividends paid | $780.4M | $685.4M | $643.9M | $632.9M | $637.6M | $612.3M | $564.1M | $528.7M | $502.6M | $453.2M |
| Buybacks | — | — | — | $142.3M | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-045753.
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