Omega Healthcare Investors

Omega Healthcare Investors (OHI) Q4 2025 Earnings

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

Q4 25 EPS

$0.55

BEAT +9.24%

Est. $0.50

Q4 25 Revenue

$319.2M

BEAT +19.11%

Est. $268.0M

vs S&P Since Q4 25

-7.5%

TRAILING MARKET

OHI +6.5% vs S&P +14.0%

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

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OHI Revenue by Segment

Business unit performance breakdown

“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