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Q2 26 EPS
$N/A
Q2 26 Revenue
N/A
vs S&P Since Q2 26
+0.0%
BEATING MARKET
OHI +3.4% vs S&P +3.3%
Market Reaction
Did OHI Beat Earnings? Q2 2026 Results
Omega Healthcare Investors posted a solid first quarter for fiscal 2026, extending its beat streak to four consecutive quarters as adjusted FFO of $0.82 per diluted share landed ahead of the $0.48 consensus estimate, while revenue climbed 16.7% year-… Read more Omega Healthcare Investors posted a solid first quarter for fiscal 2026, extending its beat streak to four consecutive quarters as adjusted FFO of $0.82 per diluted share landed ahead of the $0.48 consensus estimate, while revenue climbed 16.7% year-over-year to $322.95 million. The headline growth was driven by higher rental income, new investment activity, and a recovery of credit losses, with GAAP net income rising to $158.58 million from $112.06 million in the year-ago period. A particularly notable catalyst was the company's $251.00 million in new Q1 investments, including a 9.9% equity stake in Saber Healthcare and its first Canadian development loan, signaling a deliberate expansion beyond traditional triple-net leases into RIDEA structures and international markets. The planned $480.00 million disposition of 18 underperforming CommuniCare facilities, twelve of which closed in April, further sharpens the portfolio's quality profile. Looking ahead, management lifted its full-year 2026 AFFO guidance midpoint by $0.02 to $3.22 per diluted share, reflecting continued confidence in operator fundamentals as trailing EBITDAR coverage improved to 1.58x.
Key Takeaways
- • FAD per share up 9.5% year-over-year driven by accretive investment activity and active portfolio management
- • Rental income increased to $266.9 million from $228.4 million year-over-year
- • Recovery of credit losses of $3.3 million vs. provision of $5.1 million in Q1 2025
- • Operator coverage metrics continued to modestly improve, with EBITDAR coverage (after management fees) reaching 1.58x for twelve months ended December 31, 2025
- • Occupancy stable at 82.6% for twelve months ended December 31, 2025
- • New resident fees and services income of $6.7 million from RIDEA-structured senior housing operations
OHI Forward Guidance & Outlook
Omega raised its full-year 2026 Adjusted FFO guidance midpoint by $0.02 to $3.22 per diluted share, with the updated range of $3.19 to $3.25 per share (previously $3.15 to $3.25). Guidance assumes all disclosed new investments, Genesis continuing full contractual rent of $13.3 million per quarter, Maplewood paying $19.5 million per quarter, quarterly G&A of $14-15 million, sale of 18 CommuniCare facilities for $480 million, conversion of $65 million in maturing mortgages to fee simple real estate, and repayment of $224 million in non-real estate backed loans throughout 2026. Guidance excludes additional acquisitions, capital markets activity, interest refinancing expenses, and provisions for credit losses.
OHI YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We are pleased to report strong first quarter results, with FAD per share up 9.5% over the same quarter last year. This reflects our continued accretive investment activity, augmented by active portfolio management. As a result of our strong start to 2026, we were able to increase the low end of our AFFO guidance, moving the midpoint up by two cents to $3.22.”
— Taylor Pickett, Q2 2026 Earnings Press Release
OHI Earnings Trends
OHI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OHI EPS Trend
Earnings per share: estimate vs actual
OHI Revenue Trend
Quarterly revenue: estimate vs actual
OHI Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 BEAT | $0.49 | $0.82 | +66.09% | $323.0M | +21.09% |
| Q4 25 BEAT FY | $0.50 | $0.55 | +9.24% | $319.2M | +19.11% |
| FY Full Year | $1.96 | $1.94 | -0.86% | $1.19B | +19.58% |
| Q3 25 BEAT | $0.45 | $0.59 | +30.94% | $311.6M | +19.11% |
| Q2 25 BEAT | $0.41 | $0.46 | +12.11% | $282.5M | +16.12% |
| Q1 25 BEAT | $0.46 | $0.75 | +64.40% | $276.8M | +16.92% |