EarningsQ2 2026 Earnings Report
MX:OHI Q2 2026 EPS Results
Actual EPS$21.63
Consensus EPS$9.25
Beat/MissBeat by +$12.38
One Year Ago EPS$8.36
MX:OHI Q2 2026 Revenue Results
Actual Revenue$6.00B
Expected Revenue$4.85B
Beat/MissBeat by +$1.15B
YoY Revenue Growth+16.32%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:OHI Upcoming Earnings
Omega Healthcare's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:OHI Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong underlying fundamentals: year-over-year revenue and AFFO growth, significant liquidity and deleveraging, strategic asset sales executed at attractive economics, improved portfolio coverage, a robust investment pipeline (including first U.K. RIDEA), and a modestly tightened upward guidance. Near-term results are being muted by intentional strategic asset sales and loan repayments, and a small number of operator-specific issues (Genesis bankruptcy, Ciena transitions, localized occupancy gaps) and regulatory risks create some near-term uncertainty. Overall, management projects these actions will strengthen credit support and enable accretive redeployment in H2 2026 and 2027.Company Guidance
Revenue and Earnings Growth Year-over-Year
Q2 2026 revenue was $328M vs $283M in Q2 2025, a year-over-year increase of approximately 15.9%. Net income available to common shareholders was $363M ($1.19/share) vs $137M ($0.46/share) in Q2 2025 (net income per share increased ~158.7% YoY, primarily reflecting a $247M gain on asset sales).
AFFO/FAD and Sequential Improvement
Adjusted FFO (AFFO) was $261M or $0.83 per share and FAD was $248M or $0.78 per share. Management noted Q2 AFFO increased by approximately $0.25 versus Q1, and full-year AFFO guidance was tightened and increased to a range of $3.22–$3.26 (midpoint $3.24), a $0.02 increase versus prior midpoint.
Strong Balance Sheet and Liquidity Actions
Proceeds of roughly $700M from asset sales and loan repayments allowed paydown of the $2B revolver to only $6M outstanding. Leverage decreased to 3.3x and fixed charge coverage was 6.5x. Available cash was $39M and restricted cash $145M (including $118M held for 1031 exchanges).
Active, Accretive Deployment and Pipeline
YTD new investments of $470M (including $218M closed in Q2/subsequent) with $126M closed in Q2 (plus $18M CapEx). Post-quarter, $93M in additional investments closed. Management expects a material pickup in transaction volume in H2 2026 and into 2027, with a growing pipeline weighted to RIDEA and senior housing/U.K. care homes.
Strategic Dispositions Executed at Attractive Economics
Completed strategic sale of 18 CommuniCare assets for contractual proceeds of $480M and a rent discount of ~7.7%; management noted dispositions were sold at an effective ~6.7% cap rate on cash flow and produced a $247M gain, with proceeds to be redeployed into higher-return opportunities.
Improved Portfolio Coverage and Active Portfolio Management
Trailing 12-month operator EBITDAR coverage improved to 1.65x as of 3/31/2026 from 1.58x in Q4 2025 (an improvement of ~4.4%). SHOP (senior housing operating portfolio) is performing in line with underwritten expectations. Management described proactive transitions (e.g., moving 20 facilities from Ciena to Saber/HHC) to strengthen credits without negative FAD impact.
First U.K. RIDEA Investment and International Expansion
Closed first RIDEA acquisition in the U.K. (operations of four Omega-owned care homes for $20M converted to RIDEA). Management highlighted the ability to deploy RIDEA structures going forward in the U.K. and the U.S. for enhanced accretive growth prospects.
Operational/Industry Tailwinds: Staffing Recovery
Industry staffing recovered to pre-pandemic levels by June 2026 per BLS after a 14% loss by 2022 — a positive operational tailwind for rehabilitation/occupancy trends.
MX:OHI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed