NYSE$OHI

Omega Healthcare Investors Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Omega Healthcare's financial performance was mixed, with net income increasing but revenues and adjusted funds from operations decreasing compared to the same period last year.

Omega Healthcare Investors reported a net income increase for the second quarter of 2022, but experienced a decrease in revenues and adjusted funds from operations due to asset sales, operator restructurings, and nonpayment of rent from certain operators. The company invested in new loans and projects, repurchased shares, and sold facilities, while also dealing with operator issues and restructurings.

  • Net income increased to $92 million, or $0.38 per share, compared to $87 million, or $0.36 per share, for the same period in 2021.
  • Adjusted Funds From Operations (AFFO) decreased to $185 million, or $0.76 per share, compared to $207 million, or $0.85 per share, for the same quarter in 2021.
  • Revenues totaled $244.6 million, a decrease of $12.8 million over the same period in 2021.
  • The company invested $56 million in new loans and funded $17 million in capital renovation projects.

Headline financials

Total Revenue

$245M

Previous: $257M-5.0%
EPS (adj)

$0.76

Previous: $0.85-10.6%
Capital Expenditures

-$147M

Previous: -$638M+76.9%
Free Cash Flow

-$55.5M

Previous: -$551M+89.9%
Net Income

$91.9M

Previous: $86.9M+5.8%
Operating Income

$70.5M

Previous: $78.8M-10.6%
Gross Profit

$245M

Previous: $254M-3.6%
Cash & Equivalents

$165M

Previous: $101M+63.6%
Total Assets

$9.52B

Previous: $9.76B-2.4%
Stock-Based Comp

$6.85M

Previous: $5.81M+17.8%

Revenue & EPS history

Omega Healthcare · Revenue · Quarterly

$245M

Q2 2022-5%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Omega Healthcare · $31.8M total across 3 segments · Q3 2023

  • Real estate loans interest income
    $24.9M
  • Non-real estate loans interest income
    $5.73M
  • Miscellaneous income
    $1.21M+398.8%

Forward guidance

The report does not contain any forward guidance.

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 Q2 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro