Quarterly ResultApr 28, 2026, 04:23 PM
OHI Q1 AFFO $0.82, FAD $0.78; Raises FY Guidance; $251M New Investments
AI Summary
Omega Healthcare Investors reported strong first quarter 2026 results, with net income increasing to $159 million and Adjusted FFO per diluted share rising to $0.82. Funds Available for Distribution (FAD) also saw an increase to $0.78 per diluted share. The company completed $251 million in new investments during the quarter and subsequently raised its full-year Adjusted FFO guidance midpoint by two cents to $3.22. Additionally, Omega anticipates selling 18 CommuniCare facilities for $480 million in the second quarter of 2026.
Key Highlights
- Q1 2026 Adjusted FFO per diluted share increased to $0.82 from $0.75 in Q1 2025.
- Q1 2026 Funds Available for Distribution (FAD) per diluted share rose to $0.78 from $0.71 in Q1 2025.
- Raised full-year Adjusted FFO guidance midpoint by $0.02 to $3.22.
- Completed $251 million in new investments in Q1 2026.
- Expects to sell 18 CommuniCare facilities for $480 million in Q2 2026.
- Q1 2026 net income was $159 million ($0.47 per diluted share), up from $112 million in Q1 2025.
- Acquired 9.9% equity interest in Saber OpCo JV for $93 million in Q1 2026.
- Issued 2 million common shares for gross proceeds of $107 million in Q1 2026.