Omega Healthcare Investors

OHI Q3 2025 Earnings

Reported Oct 30, 2025 at 4:16 PM ET · SEC Source

Q3 25 EPS

$0.59

BEAT +30.94%

Est. $0.45

Q3 25 Revenue

$311.6M

BEAT +19.11%

Est. $261.6M

vs S&P Since Q3 25

+14.7%

BEATING MARKET

OHI +20.4% vs S&P +5.7%

Market Reaction

Did OHI Beat Earnings? Q3 2025 Results

Omega Healthcare Investors delivered a standout third quarter, posting earnings per share of $0.59 against a consensus estimate of $0.45, a beat of nearly 31%, while revenue of $311.59 million cleared Wall Street's $261.59 million forecast by 19.11% … Read more Omega Healthcare Investors delivered a standout third quarter, posting earnings per share of $0.59 against a consensus estimate of $0.45, a beat of nearly 31%, while revenue of $311.59 million cleared Wall Street's $261.59 million forecast by 19.11% and climbed 12.9% from a year ago. The primary engine behind the results was a surge in rental income to $260.74 million from $227.77 million in Q3 2024, reflecting the skilled nursing REIT's aggressive investment pace, which reached $756.02 million year-to-date through September. A headline post-quarter development reinforced the growth trajectory: Omega formed a joint venture with Saber Healthcare, acquiring a 49% equity stake in 64 facilities generating $69.40 million in annual contractual rent, a deal that signals the company's expanding appetite for complex partnership structures. Adjusted FFO rose to $0.79 per diluted share from $0.74 a year ago, and management lifted full-year 2025 AFFO guidance to $3.08 to $3.10 per share, up from both the prior range of $3.04 to $3.07 and the initial outlook of $2.90 to $2.98.

Key Takeaways

  • Rental income growth driven by $978 million in new investments year-to-date
  • Improving operator occupancy reaching 82.6% for twelve months ended June 30, 2025
  • EBITDARM coverage improvement to 1.91x before management fees
  • Gain on asset sales of $28.2 million from sale of 11 facilities
  • Increased real estate loan interest income to $34.4 million from $33.6 million in Q3 2024
  • Higher other income of $16.8 million vs. a loss of $1.0 million in Q3 2024
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OHI YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

“We again delivered strong quarterly results, as we continue to grow FAD per share while further de-levering the balance sheet. We have accretively invested nearly $1 billion year-to-date and, as a result, we are increasing our 2025 AFFO guidance again to now be between $3.08 and $3.10 per share, up from our initial guidance range of between $2.90 and $2.98 per share.”

— Taylor Pickett, Q3 2025 Earnings Press Release