NYSE$OHI

Omega Healthcare Investors Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Omega Healthcare's Q3 2021 performance was marked by a net income of $142.8 million, driven by revenue of $281.7 million. The company completed $172 million in real estate investments and managed challenges with operator rent payments.

Omega Healthcare Investors reported a strong third quarter with a net income of $142.8 million and revenue of $281.7 million. The company completed significant real estate investments but faced challenges with rent collection from certain operators, which could impact future financial results.

  • Net income for the quarter was reported at $142.8 million, or $0.58 per common share.
  • Adjusted Funds From Operations (AFFO) reached $208.8 million, or $0.85 per common share.
  • The company completed $172 million in real estate investments, including mortgage loans, acquisitions, and construction projects.
  • Facility occupancy continued to improve but remains below pre-pandemic levels, with operators relying on government support.

Headline financials

Total Revenue

$282M

Previous: $119M+136.3%
EPS (adj)

$0.85

Previous: $0.82+3.7%
Capital Expenditures

-$737M

Previous: -$138M-432.8%
Free Cash Flow

-$594M

Previous: -$232M-156.0%
Net Income

$143M

Previous: -$93.8M+252.3%
Operating Income

$62M

Previous: -$39.5M+257.0%
Gross Profit

$256M

Previous: $57.4M+346.5%
Cash & Equivalents

$103M

Previous: $36M+185.6%
Total Assets

$9.78B

Previous: $9.4B+4.1%
Stock-Based Comp

$5.71M

Previous: $5.12M+11.4%

Revenue & EPS history

Omega Healthcare · Revenue · Quarterly

$282M

Q3 2021+136.3%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
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

While no specific forward guidance was provided, the report indicates that the company's near-term adjusted FFO and FAD financial results may be reduced if certain tenants continue not to pay rent and collateral is exhausted. The company is actively managing its portfolio and addressing operator challenges.

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 Q3 2021

Historical avgQ3 2021

-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%

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