Omega Healthcare Investors
Omega Healthcare Investors, Inc. is a Real Estate Investment Trust (REIT) that provides financing and capital to the long-term healthcare industry, focusing on skilled nursing and assisted living facilities in the US and UK. As of March 31, 2024, it had 866 properties with a total of 84,385 beds and real estate investments valued at $10.0 billion.
Services
Omega Healthcare Investors provides financing and capital to the long-term healthcare industry, focusing on skilled nursing facility and assisted living facility operators. They offer customized financing solutions through a triple-net lease structure, which includes sale-leaseback arrangements, acquisitions and leases, mortgages, mezzanine loans, joint ventures, and preferred equity.
Sector
Omega Healthcare Investors operates within the real estate sector as a Real Estate Investment Trust (REIT). Their investment portfolio targets the long-term healthcare industry, specifically skilled nursing, assisted living, memory care, and behavioral health facilities. Their investments are geographically diversified across 42 US states and the United Kingdom.
Portfolio
As of March 31, 2024, Omega Healthcare Investors' portfolio consists of 866 properties with a total of 84,385 beds. These properties are managed by 73 third-party operators. The company's total real estate investments were valued at $10.0 billion. The portfolio is diversified with properties in 42 US states and the UK.
Financial Performance
In the first quarter of 2024, Omega Healthcare Investors reported a net income of $69 million, or $0.27 per common share. Nareit Funds From Operations (Nareit FFO) for the same period was $153 million, or $0.60 per common share. Adjusted Funds From Operations (AFFO) were $176 million, or $0.68 per common share. Funds Available for Distribution (FAD) stood at $168 million, or $0.65 per common share.
Sustainability Initiatives
Omega Healthcare Investors has a robust ESG program centered around four pillars: Managing Our Footprint, Supporting Our People, Investing in Our Community, and Protecting Our Stakeholders. Their corporate headquarters in Hunt Valley, Maryland, has achieved LEED Silver Certification. Additionally, they have initiated a capital expenditure sustainability program to encourage environmentally and financially beneficial projects.