Omega Healthcare Investors

OHI Q4 2025 Earnings

Reported Feb 4, 2026 at 4:18 PM ET · SEC Source

Q4 25 EPS

$0.55

BEAT +12.24%

Est. $0.49

Q4 25 Revenue

$319.2M

BEAT +156.63%

Est. $124.4M

vs S&P Since Q4 25

+2.8%

BEATING MARKET

OHI +9.1% vs S&P +6.4%

Full Year 2025 Results

FY 25 EPS

$1.94

MISS 0.86%

Est. $1.96

FY 25 Revenue

$1.19B

BEAT +19.58%

Est. $995.3M

Market Reaction

Did OHI Beat Earnings? Q4 2025 Results

Omega Healthcare Investors delivered a strong finish to fiscal 2025, posting fourth-quarter earnings per share of $0.55 against a consensus estimate of $0.49, a beat of 12.24%, while revenue of $319.22 million ran well ahead of the $124.39 million an… Read more Omega Healthcare Investors delivered a strong finish to fiscal 2025, posting fourth-quarter earnings per share of $0.55 against a consensus estimate of $0.49, a beat of 12.24%, while revenue of $319.22 million ran well ahead of the $124.39 million analyst expectation and rose 14.3% from the year-ago period. The primary engine behind the quarter's performance was a surge in rental income, which climbed to $261.36 million from $230.81 million in Q4 2024, reflecting the company's aggressive deployment of capital throughout the year, including a $222 million investment to form the Saber PropCo joint venture, a 65-facility portfolio generating $70.20 million in annual contractual rent. Adjusted FFO per diluted share expanded to $0.80 from $0.74 year-over-year, and the company described year-end leverage as the lowest in its history after repaying $1.27 billion in aggregate debt during the quarter. Looking ahead, Omega issued 2026 AFFO guidance of $3.15 to $3.25 per diluted share, a projection that has drawn upward price target revisions from several Wall Street analysts in recent weeks.

Key Takeaways

  • FAD per share grew 8.4% year-over-year to $2.96 in 2025
  • Operator coverage improving with trailing twelve-month EBITDARM coverage rising to 1.93x
  • Occupancy improving to 82.6% for twelve months ended September 30, 2025
  • $1.1 billion in accretive new investments deployed in 2025
  • Leverage reduced to lowest level in company history
  • Rental income increased to $261.4 million in Q4 from $230.8 million in Q4 2024
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OHI YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

“We are pleased with our fourth quarter results, as we continued to grow FAD per share, while reducing leverage to the lowest level in the company's history.”

— Taylor Pickett, Q4 2025 Earnings Press Release