NYSE$OHI
Omega Healthcare Investors Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Omega Healthcare's financial performance was in line with expectations, reflecting the impact of operator restructurings.
Omega Healthcare Investors reported a net income of $37 million, or $0.15 per common share, for the quarter ended March 31, 2023. The company's financial performance was in line with expectations, reflecting the impact of previously disclosed operator restructurings. The company completed $26 million in real estate acquisitions and $233 million in new investments.
- Net income for the quarter was $37 million, or $0.15 per common share.
- Nareit FFO for the quarter was $146 million, or $0.60 per common share.
- Adjusted FFO for the quarter was $160 million, or $0.66 per common share.
- The company completed $26 million in real estate acquisitions in Q1 and $233 million in new investments in Q2.
Headline financials
Revenue & EPS history
Omega Healthcare · Revenue · Quarterly
$218M
Revenue by segment
Omega Healthcare · $32.8M total across 4 segments · Q1 2023
- Real estate loans interest income$23.4M—71.2%
- Non-real estate loans interest income$5.02M—15.3%
- Real estate tax and ground lease income$3.98M—12.1%
- Miscellaneous income$451K-56.3%1.4%
Forward guidance
Omega expects financial performance to improve in coming quarters as restructurings conclude, restructured operators resume rent payments, and asset sale proceeds are redeployed, leading to improved dividend payout ratio and leverage.
Tailwinds
- Restructurings are concluded.
- Restructured operators begin paying rent again.
- Proceeds from asset sales are redeployed.
- Dividend payout ratio rapidly improving as the year progresses.
- Leverage rapidly improving as the year progresses.
Headwinds
- Additional unforeseen restructurings.
- Industry is still on the road to recovery and remains quite fragile.
- Labor challenges.
- Funding needs facing the industry.
- Impact on individual operators will vary.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.1%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+2.4%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+13.1%
Q1 2022
Best reaction
-9.1%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.0% | -2.6% | -1.3% | |
| Q4 2025 | +6.1% | +5.8% | +11.0% | |
| Q3 2025 | +5.3% | +7.9% | +15.2% | |
| Q1 2025 | -4.1% | -7.5% | -4.0% | |
| Q4 2024 | -0.7% | -6.0% | -3.7% | |
| Q3 2024 | +1.4% | -4.5% | -3.0% | |
| Q2 2024 | +5.1% | +1.8% | +8.6% | |
| Q1 2024 | +2.1% | +0.8% | +5.3% | |
| Q4 2023 | +6.9% | +10.2% | +9.9% | |
| Q3 2023 | -5.2% | -5.8% | -3.4% | |
| Q2 2023 | -1.1% | +1.0% | +3.2% | |
| Q1 2023 | +8.5% | +7.9% | +10.4% | |
| Q4 2022 | -2.2% | -5.1% | -7.9% | |
| Q3 2022 | -1.3% | +2.5% | -5.1% | |
| Q2 2022 | +1.8% | +3.2% | +5.4% | |
| Q1 2022 | +13.1% | +11.3% | +15.9% | |
| Q4 2021 | -8.4% | -11.2% | -8.7% | |
| Q3 2021 | +0.2% | -4.7% | -7.6% | |
| Q2 2021 | -4.6% | -3.2% | -6.9% | |
| Q1 2021 | -2.0% | -3.9% | -0.1% | |
| Q4 2020 | -0.6% | -1.2% | +1.2% | |
| Q3 2020 | -1.1% | +3.8% | +23.1% | |
| Q2 2020 | +3.0% | +4.8% | -0.2% | |
| Q1 2020 | +0.0% | +1.8% | +21.9% | |
| Q4 2019 | -0.0% | +1.4% | -7.7% | |
| Q3 2019 | -2.2% | -5.4% | -2.6% | |
| Q2 2019 | +1.5% | +7.8% | +15.4% | |
| Q1 2019 | +1.5% | +4.3% | +2.3% | |
| Q4 2018 | -5.9% | -6.9% | -6.5% | |
| Q3 2018 | +5.2% | +7.5% | +15.6% | |
| Q2 2018 | +3.7% | +5.5% | +10.9% | |
| Q1 2018 | +3.4% | +7.0% | +13.1% | |
| Q4 2017 | -2.9% | +1.4% | +3.7% | |
| Q3 2017 | -9.1% | -10.6% | -15.6% | |
| Q2 2017 | -3.4% | -4.9% | -5.8% | |
| Q1 2017 | -2.6% | -0.8% | -3.3% | |
| Q4 2016 | -5.0% | -1.8% | -3.7% | |
| Q3 2016 | -1.7% | -6.5% | -5.8% | |
| Q2 2016 | +1.5% | +1.9% | +3.5% | |
| Q1 2016 | -1.2% | — | — | |
| Q4 2015 | +4.4% | — | — | |
| Q3 2015 | -0.5% | — | — | |
| Q2 2015 | +1.2% | — | — | |
| Q1 2015 | -3.5% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2013 | -1.4% | — | — | |
| Q3 2013 | -2.0% | — | — | |
| Q2 2013 | -7.3% | — | — | |
| Q1 2013 | +0.5% | — | — | |
| Q4 2012 | +4.2% | — | — | |
| Q3 2012 | -3.0% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2011 | -1.8% | — | — | |
| Q3 2011 | +2.2% | — | — | |
| Q2 2011 | +3.2% | — | — | |
| Q1 2010 | +0.1% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2008 | -2.2% | — | — | |
| Q4 2010 | -2.2% | — | — | |
| Q3 2010 | -4.4% | — | — | |
| Q3 2009 | -4.4% | — | — | |
| Q2 2009 | +1.3% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q4 2009 | +1.3% | — | — |
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