Omega Healthcare Investors, Inc. (OHI): Business Model Canvas

Tauchen Sie ein in die strategische Welt von Omega Healthcare Investors, Inc. (OHI), einem bahnbrechenden Immobilieninvestmentfonds, der die Finanzierung der Gesundheitsinfrastruktur transformiert. Dieses innovative Unternehmen schließt meisterhaft die Lücke zwischen Betreibern von Gesundheitseinrichtungen und anspruchsvollen Investoren und schafft ein dynamisches Ökosystem aus Immobilieninvestitionen und Gesundheitsunterstützung. Durch die Nutzung eines robusten Geschäftsmodells, das finanziellen Scharfsinn mit Fachwissen im Gesundheitssektor in Einklang bringt, liefert OHI Ergebnisse einzigartiger Wert an Stakeholder durch strategische Immobilienakquisitionen, langfristige Leasingstrategien und konsistente Dividendenchancen, die die Art und Weise verändern, wie Gesundheitsimmobilien nachhaltiges Wirtschaftswachstum generieren.

Omega Healthcare Investors, Inc. (OHI) – Geschäftsmodell: Wichtige Partnerschaften

Betreiber von Seniorenwohnungen und Pflegeeinrichtungen

Im vierten Quartal 2023 unterhält Omega Healthcare Investors Partnerschaften mit 83 Betriebspartnern, die 956 Gesundheitseinrichtungen in 42 Bundesstaaten verwalten.

Partnerkategorie	Anzahl der Einrichtungen	Geografische Abdeckung
Qualifizierte Pflegeeinrichtungen	697	37 Staaten
Einrichtungen für betreutes Wohnen	259	22 Staaten

Netzwerke für Immobilieninvestitionen im Gesundheitswesen

Omega Healthcare Investors verfügt über ein Gesamtvermögen von 9,4 Milliarden US-Dollar, wobei sich das Immobilieninvestitionsportfolio auf Gesundheitsimmobilien konzentriert.

• REIT-basierte Investitionen in Gesundheitsimmobilien
• Gebäudenetzwerke für Arztpraxen
• Investitionskanäle für Seniorenpflegeimmobilien

Medizinische Dienstleister und Gesundheitssysteme

Das aktuelle Partnerschaftsportfolio umfasst Beziehungen zu 83 einzigartigen Gesundheitsunternehmen.

Anbietertyp	Anzahl der Partnerschaften
Unabhängige Gesundheitsdienstleister	62
Regionale Gesundheitssysteme	21

Private-Equity- und Investment-Management-Firmen

Omega Healthcare Investors unterhält strategische Beziehungen zu mehreren Investmentverwaltungsunternehmen und verwaltet Immobilieninvestitionen in Höhe von rund 5,2 Milliarden US-Dollar.

Regionale und nationale Immobilienverwaltungsunternehmen im Gesundheitswesen

Die Partnerschaften erstrecken sich über 42 Bundesstaaten und verwalten insgesamt 956 Gesundheitseinrichtungen.

Art der Verwaltungsgesellschaft	Anzahl der Partnerschaften	Abdeckung der Einrichtung
Regionale Verwaltungsgesellschaften	47	612 Einrichtungen
Nationale Verwaltungsgesellschaften	36	344 Einrichtungen

Omega Healthcare Investors, Inc. (OHI) – Geschäftsmodell: Hauptaktivitäten

Erwerb und Vermietung von Immobilien im Gesundheitswesen

Im vierten Quartal 2023 besaß Omega Healthcare Investors 969 Gesundheitsimmobilien in 41 Bundesstaaten. Das gesamte Immobilieninvestitionsportfolio hat einen Wert von 9,4 Milliarden US-Dollar. Durchschnittliche Grundstücksgröße: 64.000 Quadratmeter.

Immobilientyp	Anzahl der Eigenschaften	Prozentsatz des Portfolios
Qualifizierte Pflegeeinrichtungen	673	69.5%
Einrichtungen für betreutes Wohnen	196	20.2%
Andere Immobilien im Gesundheitswesen	100	10.3%

Verwaltung und Pflege von Portfolios von Gesundheitseinrichtungen

Belegungsquote im gesamten Portfolio: 83,7 % zum 31. Dezember 2023. Jährliche Instandhaltungsausgaben für Immobilien: 127 Millionen US-Dollar.

Bereitstellung von Kapital und finanzieller Unterstützung für Betreiber im Gesundheitswesen

Gesamtinvestitionen in Partnerschaften mit Gesundheitsbetreibern: 2,3 Milliarden US-Dollar. Durchschnittlicher Mietdeckungsgrad: 1,45x. Die Mietlaufzeiten liegen in der Regel zwischen 10 und 15 Jahren.

Durchführung strategischer Immobilieninvestitionen und -bewertungen

• Jährliches Budget für den Immobilienerwerb: 500 Millionen US-Dollar
• Der Fokus der Anlagekriterien liegt auf Objekten mit stabilem Cashflow
• Geografische Diversifizierung über 41 Staaten

Überwachung und Bewertung der Leistung von Gesundheitsimmobilien

Leistungsmetrik	Wert 2023
Funds from Operations (FFO)	687 Millionen US-Dollar
Dividendenrendite	8.9%
Mieterbindungsrate	92%

Omega Healthcare Investors, Inc. (OHI) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Immobilienportfolio im Gesundheitswesen

Im vierten Quartal 2023 besitzt Omega Healthcare Investors etwa 964 Gesundheitseinrichtungen in 41 Bundesstaaten. Die gesamte Bruttoquadratfläche ihres Immobilienportfolios beträgt etwa 56,3 Millionen Quadratfuß.

Immobilientyp	Anzahl der Einrichtungen	Prozentsatz des Portfolios
Qualifizierte Pflegeeinrichtungen	673	69.8%
Einrichtungen für betreutes Wohnen	180	18.7%
Andere Gesundheitseinrichtungen	111	11.5%

Starkes Finanzkapital und Investitionsmöglichkeiten

Zum 31. Dezember 2023 berichtete Omega Healthcare Investors:

• Gesamtvermögen: 9,43 Milliarden US-Dollar
• Gesamtinvestitionen in Immobilien: 7,82 Milliarden US-Dollar
• Schulden: 4,61 Milliarden US-Dollar
• Marktkapitalisierung: Ungefähr 3,2 Milliarden US-Dollar

Erfahrene Management- und Investmentteams

Führungsposition	Jahrelange Erfahrung
CEO	Über 20 Jahre Erfahrung mit Investitionen im Gesundheitswesen
Finanzvorstand	Über 15 Jahre im Finanzmanagement
Chief Investment Officer	Über 18 Jahre Erfahrung im Immobilieninvestment

Robuste Beziehungen zur Gesundheitsbranche

Omega Healthcare Investors unterhält ab 2023 Beziehungen zu über 70 Gesundheitsunternehmen.

Erweiterte Immobilienbewertung und Anlagestrategien

• Diversifizierung des Anlageportfolios über mehrere Staaten
• Strenger Due-Diligence-Prozess mit einer Mieterbindungsrate von 92 %
• Durchschnittliche Mietdauer: 7,4 Jahre

Omega Healthcare Investors, Inc. (OHI) – Geschäftsmodell: Wertversprechen

Stabile und konstante Dividendenerträge für Anleger

Zum vierten Quartal 2023 meldete Omega Healthcare Investors a Dividendenrendite von 9,48 %. Das Unternehmen weist eine konsistente Dividendenzahlungshistorie auf Vierteljährliche Dividende von 0,67 USD pro Aktie. Die gesamte jährliche Dividendenausschüttung für 2023 betrug ca 2,68 $ pro Aktie.

Dividendenkennzahl	Wert 2023
Vierteljährliche Dividende	0,67 $/Aktie
Jährliche Dividende	2,68 $/Aktie
Dividendenrendite	9.48%

Spezialisierte Investitionsmöglichkeiten für Immobilien im Gesundheitswesen

Omega Healthcare Investors verwaltet a Gesamtportfolio von 927 Gesundheitseinrichtungen quer 41 Staaten Stand: Q4 2023. Der Gesamtwert der Immobilieninvestitionen betrug 9,3 Milliarden US-Dollar.

• Zusammensetzung des Portfolios:
  • Qualifizierte Pflegeeinrichtungen: 70 %
  • Einrichtungen für betreutes Wohnen: 20 %
  • Spezialimmobilien im Gesundheitswesen: 10 %

Strategische Kapitalunterstützung für Betreiber von Gesundheitseinrichtungen

Im Jahr 2023 stellten Omega Healthcare Investors zur Verfügung 287 Millionen US-Dollar an Neuinvestitionen an Betreiber von Gesundheitseinrichtungen. Der Mietdeckungsgrad betrug 1,15xDies deutet auf eine starke finanzielle Stabilität der Mieterbetreiber hin.

Diversifiziertes Investmentportfolio für Gesundheitsimmobilien

Immobilientyp	Anzahl der Einrichtungen	Gesamtinvestition
Qualifizierte Krankenpflege	649	6,51 Milliarden US-Dollar
Betreutes Wohnen	186	1,86 Milliarden US-Dollar
Spezialisierte Gesundheitsversorgung	92	930 Millionen Dollar

Langfristiges Investitionswachstum in der Gesundheitsinfrastruktur

Die durchschnittliche jährliche Gesamtrendite für Omega Healthcare Investors von 2018 bis 2023 betrug 6.2%. Die Gesamtvermögenswerte zum vierten Quartal 2023 betrugen 10,2 Milliarden US-Dollar. Die Auslastung aller Gesundheitseinrichtungen blieb stabil 83.5%.

Omega Healthcare Investors, Inc. (OHI) – Geschäftsmodell: Kundenbeziehungen

Langfristige Mietverträge mit Gesundheitsbetreibern

Im vierten Quartal 2023 unterhält Omega Healthcare Investors 956 Gesundheitsimmobilien mit einer durchschnittlichen Mietdauer von 9,4 Jahren. Der Gesamtwert des Immobilienportfolios beträgt etwa 9,4 Milliarden US-Dollar.

Mietmetrik	Wert
Gesamteigenschaften	956
Durchschnittliche Mietdauer	9,4 Jahre
Portfoliowert	9,4 Milliarden US-Dollar

Kollaborative Partnerschaftsmodelle

OHI arbeitet mit 71 Betriebspartnern in 41 Bundesstaaten zusammen und konzentriert sich auf qualifizierte Pflege- und betreute Wohneinrichtungen.

• Anzahl der Betriebspartner: 71
• Abgedeckte Staaten: 41
• Primäre Immobilienarten: Qualifizierte Krankenpflege, Betreutes Wohnen

Regelmäßige Leistungs- und Finanzberichterstattung

Die vierteljährlichen Finanzberichte für 2023 zeigen konstante Dividendenzahlungen von 0,92 US-Dollar pro Aktie, mit einer jährlichen Gesamtdividende von 3,68 US-Dollar.

Berichtsmetrik	Wert 2023
Vierteljährliche Dividende	$0.92
Jährliche Dividende	$3.68

Maßgeschneiderte Investment- und Immobilienverwaltungslösungen

OHI bietet maßgeschneiderte Anlagestrategien mit a 93 % Auslastung in seinen Gesundheitsimmobilien.

• Immobilienauslastung: 93 %
• Anlageansatz: Maßgeschneiderte Immobilienfinanzierung im Gesundheitswesen

Transparente Kommunikation mit Investoren und Stakeholdern

Im Jahr 2023 hielt OHI vier Telefonkonferenzen zu den Ergebnissen ab und erstellte umfassende Quartals- und Jahresberichte, die für Anleger zugänglich waren.

Investorenkommunikation	Häufigkeit 2023
Telefonkonferenzen zu den Einnahmen	4
Vierteljährliche Berichte	4
Jahresberichte	1

Omega Healthcare Investors, Inc. (OHI) – Geschäftsmodell: Kanäle

Direktes Investor-Relations-Team

Omega Healthcare Investors unterhält ein engagiertes Investor-Relations-Team 3 Vollzeitprofis. Ab 2024 betreut das Team direkte Kommunikationskanäle mit rund 275 institutionelle Anleger.

Kennzahlen zur Anlegerkommunikation	Quantitative Daten
Jährliche Interaktionen mit Investoren	487 direkte Engagements
Teilnehmer des vierteljährlichen Gewinnaufrufs	92-118 Teilnehmer
Durchschnittliche Reaktionszeit	1,7 Werktage

Finanzmarktplattformen und Börsen

OHI ist auf der gelistet New Yorker Börse (NYSE) mit Tickersymbol OHI. Durchschnittliche Handelsvolumina 1,2 Millionen Aktien täglich.

• Hauptbörse: NYSE
• Marktkapitalisierung: 3,86 Milliarden US-Dollar (Stand Q1 2024)
• Durchschnittliches tägliches Handelsvolumen: 1.200.000 Aktien

Konferenzen zu Immobilieninvestitionen

Omega Healthcare Investors beteiligt sich an Jährlich finden 6–8 große Konferenzen für Gesundheitsimmobilieninvestitionen statt.

Konferenztyp	Jährliche Teilnahme
Nationale Investorenkonferenzen im Gesundheitswesen	4 Konferenzen
Regionale Investitionssymposien	2-4 Veranstaltungen

Digitale Kommunikationsplattformen für Investoren

OHI nutzt mehrere digitale Kanäle mit umfassende Online-Ressourcen für Anleger.

• Investor-Bereich der Unternehmenswebsite: Umfassende Quartalsberichte
• SEC EDGAR-Einreichungsplattform: Finanzielle Offenlegungen in Echtzeit
• Investor-Webcast-Plattform: Quartalsergebnispräsentationen

Professionelle Networking- und Branchenveranstaltungen

Das Unternehmen engagiert sich in Jährlich finden 12 bis 15 spezialisierte Networking-Veranstaltungen für Gesundheitsinvestitionen statt.

Kategorie „Networking-Event“.	Jährliche Teilnahme
REIT-spezifische Ereignisse im Gesundheitswesen	5-7 Veranstaltungen
Breitere Foren für Immobilieninvestitionen	7-8 Veranstaltungen

Omega Healthcare Investors, Inc. (OHI) – Geschäftsmodell: Kundensegmente

Betreiber von Gesundheitseinrichtungen

Im Jahr 2024 betreut Omega Healthcare Investors etwa 959 Gesundheitseinrichtungen in 41 Bundesstaaten. Das Portfolio umfasst:

Einrichtungstyp	Anzahl der Einrichtungen	Prozentsatz des Portfolios
Qualifizierte Pflegeeinrichtungen	676	70.5%
Einrichtungen für betreutes Wohnen	183	19.1%
Spezialpflegeeinrichtungen	100	10.4%

Institutionelle Anleger

Omega Healthcare lockt institutionelle Anleger mit Folgendem an profile:

• Gesamter institutioneller Besitz: 72,4 %
• Zu den wichtigsten institutionellen Aktionären zählen Vanguard Group und BlackRock
• Institutioneller Investitionswert: 4,2 Milliarden US-Dollar

Immobilien-Investmentfonds

REIT-spezifische Kundensegmentmerkmale:

REIT-Metrik	Wert
Gesamtes REIT-Vermögen	9,3 Milliarden US-Dollar
Dividendenrendite	8.7%
Anzahl der REIT-Investoren	387

Private-Equity-Firmen

Kennzahlen zum Private-Equity-Engagement:

• Gesamte Private-Equity-Investitionen: 1,6 Milliarden US-Dollar
• Anzahl der Private-Equity-Partner: 24
• Durchschnittliche Investitionsgröße: 66,7 Millionen US-Dollar

Investoren in die Gesundheitsinfrastruktur

Infrastrukturinvestitionen profile:

Anlagekategorie	Gesamtinvestition	Prozentsatz des Portfolios
Seniorenwohnungen	3,8 Milliarden US-Dollar	41%
Qualifizierte Krankenpflege	4,5 Milliarden US-Dollar	48%
Andere Gesundheitsinfrastruktur	600 Millionen Dollar	11%

Omega Healthcare Investors, Inc. (OHI) – Geschäftsmodell: Kostenstruktur

Kosten für den Immobilienerwerb

Im vierten Quartal 2023 meldete Omega Healthcare Investors Immobilieninvestitionen in Höhe von insgesamt 9,47 Milliarden US-Dollar. Zu den Immobilienerwerbskosten des Unternehmens zählen:

Immobilientyp	Gesamtinvestition	Durchschnittliche Kosten pro Immobilie
Qualifizierte Pflegeeinrichtungen	6,82 Milliarden US-Dollar	22,3 Millionen US-Dollar
Einrichtungen für betreutes Wohnen	2,65 Milliarden US-Dollar	18,7 Millionen US-Dollar

Wartungs- und Renovierungskosten

Die jährlichen Wartungskosten für Omega Healthcare Investors beliefen sich im Jahr 2023 auf insgesamt 187,4 Millionen US-Dollar, mit folgender Aufteilung:

• Routinewartung: 103,6 Millionen US-Dollar
• Große Renovierungsprojekte: 53,8 Millionen US-Dollar
• Infrastruktur-Upgrades: 30 Millionen US-Dollar

Management- und Betriebsaufwand

Zu den Betriebskosten des Unternehmens im Jahr 2023 gehörten:

Ausgabenkategorie	Jährliche Kosten
Vergütung von Führungskräften	12,3 Millionen US-Dollar
Gehälter der Mitarbeiter	45,6 Millionen US-Dollar
Verwaltungskosten	22,1 Millionen US-Dollar

Kosten für die Due-Diligence-Prüfung von Investitionen

Gesamtkosten der Due-Diligence-Prüfung für 2023: 8,7 Millionen US-Dollar

• Rechtliche und finanzielle Prüfung: 4,2 Millionen US-Dollar
• Immobilienbesichtigung und -bewertung: 2,5 Millionen US-Dollar
• Marktforschung: 2 Millionen US-Dollar

Kosten für die Einhaltung gesetzlicher Vorschriften und Berichterstattung

Die Compliance-bezogenen Ausgaben für 2023 beliefen sich auf 6,9 Millionen US-Dollar:

Compliance-Bereich	Jährliche Ausgaben
Regulatorische Berichterstattung	3,4 Millionen US-Dollar
Gebühren für externe Prüfungen	2,1 Millionen US-Dollar
Compliance-Schulung	1,4 Millionen US-Dollar

Omega Healthcare Investors, Inc. (OHI) – Geschäftsmodell: Einnahmequellen

Mieteinnahmen aus Gesundheitsimmobilien

Stand: Q3 2023, berichtete Omega Healthcare Investors 222,4 Millionen US-Dollar an den gesamten Mieteinnahmen. Das Portfolio besteht aus 941 Gesundheitseinrichtungen quer 41 Staaten.

Immobilientyp	Anzahl der Einrichtungen	Mieteinnahmen
Qualifizierte Pflegeeinrichtungen	697	165,3 Millionen US-Dollar
Einrichtungen für betreutes Wohnen	144	37,6 Millionen US-Dollar
Andere Immobilien im Gesundheitswesen	100	19,5 Millionen US-Dollar

Leasingzahlungen von Anlagenbetreibern

Durchschnittlicher Mietdeckungsgrad: 1,25x. Gesamte Mieteinnahmen für 2023: 267,8 Millionen US-Dollar.

Kapitalwertsteigerung von Immobilienvermögen

Gesamtwert des Immobilienportfolios: 9,2 Milliarden US-Dollar. Jährliche Immobilienwertsteigerungsrate: 3.7%.

Dividendenausschüttungen an Aktionäre

Dividendenrendite: 8.92%. Im Jahr 2023 gezahlte Gesamtdividenden: 604,5 Millionen US-Dollar.

Dividendenzeitraum	Dividende pro Aktie	Gesamtdividendenausschüttung
1. Quartal 2023	$0.67	151,1 Millionen US-Dollar
Q2 2023	$0.67	151,1 Millionen US-Dollar
Q3 2023	$0.67	151,1 Millionen US-Dollar
Q4 2023	$0.67	151,1 Millionen US-Dollar

Gebühren für die Anlageverwaltung

Einnahmen aus Anlageverwaltungsgebühren: 12,3 Millionen US-Dollar für 2023.

• Gebührenstruktur basierend auf dem gesamten verwalteten Vermögen
• Typischer Verwaltungsgebührensatz: 1.2% des gesamten Portfoliowerts
• Zusätzliche erfolgsabhängige Gebühren: 2,1 Millionen US-Dollar

Omega Healthcare Investors, Inc. (OHI) - Canvas Business Model: Value Propositions

You're building a portfolio that needs reliable, long-term income from essential healthcare assets. Here's the core value Omega Healthcare Investors, Inc. (OHI) delivers to its stakeholders, grounded in the numbers as of late 2025.

Stable, long-term capital for healthcare operators' growth strategies

Omega Healthcare Investors, Inc. provides the essential capital base that allows healthcare operators to execute their growth plans without tying up their own balance sheets in long-term real estate ownership. This is about providing the foundation for their care delivery.

The company's investment activity reflects this commitment to growth capital deployment:

• Year-to-date through Q3 2025, Omega Healthcare Investors, Inc. completed approximately $978 million in new investments.
• In Q3 2025 alone, new investments totaled approximately $151 million.
• This Q3 deployment included $67 million in real estate acquisitions and $8 million in real estate loans.
• The pipeline for the remainder of 2025 and into 2026 is described as very favorable.

Triple-net lease structure transfers property operating risk to the tenant

The primary structure Omega Healthcare Investors, Inc. uses is the triple-net lease. This means the tenant operator assumes responsibility for property-level expenses, which is a key de-risking factor for the REIT. This structure helps ensure a more predictable rental stream for Omega Healthcare Investors, Inc. shareholders.

The strength of the underlying operator base directly supports this value proposition:

• Trailing 12-month operator EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent) coverage for the core portfolio rose to a healthy 1.55x as of Q3 2025.
• The portion of rent with coverage below 1x dropped to 4.3%.
• The company has no scheduled material lease expirations until 2027.

Diversified portfolio across 42 US states and the UK reduces single-market risk

You get exposure to a geographically broad base of essential healthcare real estate, which smooths out regional economic or regulatory volatility. This diversification is a cornerstone of the investment thesis.

Here's a look at the scale and spread of the portfolio as of September 30, 2025:

Metric	Value as of 9/30/2025
Gross Real Estate Investments	$11.4 billion
Total Properties (US & UK)	1,024
Geographic Footprint	42 US States and the UK
Third-Party Operators	88

Furthermore, Omega Healthcare Investors, Inc. maintains operator diversification, with no single operator accounting for 10% or more of total rent/interest as of 9/30/2025. That's defintely important for stability.

Predictable, high-yield income stream for investors

The goal is to deliver consistent, high-yield cash distributions, supported by the predictable lease revenue. The company's guidance and quarterly results show this stream is growing.

Key income metrics from the third quarter of 2025:

• Funds Available for Distribution (FAD) for Q3 2025 was $231 million, or $0.75 per diluted share.
• Adjusted Funds From Operations (AFFO) for Q3 2025 was $243 million, or $0.79 per diluted share.
• The dividend payout ratio to AFFO for the quarter was 85%.
• Full-year 2025 AFFO guidance was raised to a range of $3.08 to $3.10 per diluted share.

Flexibility in investment structures, including real estate and mortgage loans

Omega Healthcare Investors, Inc. is not limited to just buying and leasing properties; they use a broader toolkit to seek accretive returns, including debt and equity investments. This flexibility allows them to capture higher yields when real estate opportunities are priced too tightly.

Recent examples of this expanded structure include:

• A $222 million acquisition in October 2025 for a 49% equity interest in a 64-facility portfolio with Saber Healthcare.
• A $93 million commitment for a 9.9% equity stake in Sabre Healthcare Holdings' operating company.
• In Q3 2025, the company funded $8 million in real estate loans with a weighted average interest rate of 10.0%.

Omega Healthcare Investors, Inc. (OHI) - Canvas Business Model: Customer Relationships

Omega Healthcare Investors, Inc. (OHI) views its operator relationships as long-term partnerships, fundamentally anchored by contractual obligations but actively managed to ensure mutual sustainability.

Long-term, contractual relationships via master lease agreements form the backbone of the structure. These are not simple leases; they are complex, multi-facility master lease agreements that often span decades. For instance, the LaVie master lease, after its tenant's reorganization, was assigned to ENDMT LLC ("Avardis") with a lease term extending through December 31, 2037, featuring annual rent escalators of 2.5%. This long duration provides revenue visibility, which is key for a Real Estate Investment Trust (REIT).

The relationships are tested during operator financial stress, which necessitates active portfolio management and operator support. You saw this play out with Genesis Healthcare, Inc., which filed for Chapter 11 bankruptcy protection on July 9, 2025. Omega responded by providing $8.0 million in debtor-in-possession (DIP) financing to keep operations going. Even while in bankruptcy, Genesis paid its full contractual rent in October 2025, covering the $52 million annual rent obligation across the thirty-one facilities covered by Omega's lease. This proactive support is part of the capital partner approach, not just being a passive landlord.

The commitment to being a capital partner approach, not just a passive landlord, is evident in Omega Healthcare Investors, Inc.'s evolving investment toolkit. Instead of only traditional triple-net leases, the company is increasingly using joint ventures and minority investments to support growth. In Q3 2025, Omega completed a $222 million acquisition for a 49% equity interest in an entity holding 64 facilities with Sabre Healthcare. Furthermore, as of late 2025, Omega has a pending commitment of $93 million for a 9.9% equity stake in Sabre Healthcare Holdings, which is structured to provide minimum quarterly cash distributions equivalent to an annualized yield of 8% on that investment.

The focus is definitely focused on maintaining high EBITDAR coverage with operators, as this metric is the primary indicator of tenant health and rent-paying ability. The Investor Relations team provides detailed quarterly financial reporting to track this. For the core portfolio, the trailing 12-month operator EBITDAR coverage climbed to 1.55x as of Q3 2025, which management noted was the highest level in 12 years. The percentage of total rent coming from operators with coverage below 1x has shrunk significantly, dropping to just 4.3% of total rent. This focus on coverage directly supports the company's financial guidance, with the raised 2025 Adjusted Funds From Operations (AFFO) guidance midpoint at $3.09 per share, representing 8% year-over-year growth versus 2024 AFFO of $2.87 per share.

The investor relations function translates this operational strength into clear financial metrics for stakeholders. For the third quarter ended September 30, 2025, Omega reported Adjusted Funds From Operations (AFFO) of $0.79 per diluted share and Funds Available for Distribution (FAD) of $0.75 per diluted share. This led to a reduction in the FAD dividend payout ratio to 89% for the quarter.

Here's a look at the portfolio composition and the resulting coverage metrics as of the latest reporting periods:

Metric	Value/Period	Source Data Point
Total Core Facilities (Q3 2025)	1,024	Core Portfolio Size
Portfolio Split: SNF/Transitional Care	60%	U.S. Skilled Nursing/Transitional Care percentage
Portfolio Split: Senior Housing/U.K. Care Homes	40%	U.S. Senior Housing/U.K. Care Homes percentage
Core Portfolio TTM EBITDAR Coverage (Q3 2025)	1.55x	Trailing 12-month coverage for core portfolio
Rent from Operators Below 1x Coverage (Q3 2025)	4.3%	Percentage of total rent from operators with coverage below 1x
Sabre Portfolio Rent Coverage (Oct 2025)	Exceeded 1.46x	Specific coverage metric for Sabre portfolio
Total Real Estate Investments (as of 9/30/2025)	$11.4B	Total Real Estate Investments value

The relationships are managed across a broad base of operators, with Omega partnering with 88 regional and national healthcare providers in the U.S. and U.K. as of September 30, 2025. The company is clearly signaling a preference for operators who can demonstrate strong financial performance, as evidenced by the continuous improvement in coverage ratios and the resulting raised 2025 AFFO guidance to $3.08 to $3.10 per share.

You should review the Q4 2025 pipeline details to see how the new joint venture structures are progressing against the traditional master lease renewals.

Omega Healthcare Investors, Inc. (OHI) - Canvas Business Model: Channels

You're looking at how Omega Healthcare Investors, Inc. (OHI) gets its deals done and communicates with the market as of late 2025. It's a mix of direct team effort, public financing, and deep industry relationships. Here's the breakdown of their Channels block.

Direct Investment Team for Sourcing and Underwriting New Acquisitions

The internal team is clearly busy, driving significant capital deployment through various structures. Year-to-date through the third quarter of 2025, Omega Healthcare Investors, Inc. completed $978 million in new real property and loan investments. This channel isn't just about traditional buys; it involves structuring complex deals, like the October 2025 joint venture with Saber Healthcare Holdings, LLC, where OHI acquired a 49% equity interest in an entity holding 64 facilities for $222 million. Furthermore, they are actively expanding their toolkit, noting an agreement in October 2025 to acquire a 9.9% equity interest in Saber's operating company for a committed cash consideration of $92.6 million.

Here's a look at the investment deployment through the first three quarters of 2025:

Period Ending	Real Estate Acquisitions ($M)	Real Estate Loans ($M)	Total New Investments ($M)
March 31, 2025 (Q1)	58.303	20.047	78.350
June 30, 2025 (Q2)	502.057	25.000	527.057
September 30, 2025 (Q3)	67.000	8.000	151.000

The weighted average initial annual cash yield on new real property and loan investments year-to-date through Q2 2025 was 10.0% with escalators between 2.0% and 2.5%.

Public Capital Markets (NYSE: OHI) for Common Stock and Debt Issuance

Omega Healthcare Investors, Inc. actively uses the public markets to fund growth and manage its balance sheet. They closed a new senior unsecured credit facility totaling $2.3 billion in September 2025, which replaced the previous $1.45 billion facility. This move provided increased funding flexibility and helped manage maturities. They also issued $600 million of 5.2% senior unsecured notes due in 2030 during the second quarter of 2025, which were subsequently redeemed at par value on October 15, 2025.

Equity issuance channels were used to raise capital for investments:

• Q1 2025: Issued 7 million common shares for gross proceeds of $264 million.
• Q2 2025: Issued 7 million common shares for gross proceeds of $258 million.
• Q3 2025: Issued 2 million common shares for gross proceeds of $89 million.

As of the quarter ended September 30, 2025, the Long-Term Debt & Capital Lease Obligation stood at $4,995 million, against Total Stockholders Equity of $5,036 million, resulting in a Debt-to-Equity ratio of 0.99.

Investor Relations Website and Quarterly Conference Calls

Communication with the investment community is channeled through regular, scheduled events and a dedicated website section. Omega Healthcare Investors, Inc. reported its third quarter 2025 results on October 30, 2025, following a press release and an announced conference call date of October 3, 2025. The second quarter 2025 earnings conference call took place on Friday, August 1, 2025, at 10 a.m. Eastern Time. The Investor Relations page on the Omega Healthcare Investors website serves as the hub for accessing News & Events, Financial Info, Stock Data, Dividends, and SEC Filings. As of December 4, 2025, the common stock was trading at $46.197 with a volume of 448.53k shares. The company increased its full-year 2025 Adjusted FFO guidance to a range of $3.08 to $3.10 per diluted share.

Real Estate Brokers and Industry Contacts for Deal Flow

While the direct team underwrites, the initial deal flow is sourced through established industry networks, focusing on the long-term healthcare sector across the U.S. and the U.K. As of September 30, 2025, Omega Healthcare Investors, Inc. served 88 Operators across 1,024 Properties in 42 States and 1 Foreign Country. Management described the investment pipeline as very active. The company's strategy involves leveraging its strong balance sheet and cost of capital to pursue accretive investments. The portfolio metrics show strong operator health, with trailing 12-month operator EBITDAR coverage for the core portfolio increasing to 1.55x.

Direct Negotiation with Existing Operators for Portfolio Expansion

A key channel involves direct negotiation and partnership with existing operators to expand or restructure the portfolio. This is evident in the company's shift toward non-traditional structures like joint ventures and minority equity stakes.

Examples of direct operator engagement in 2025 include:

• The $222 million October 2025 transaction with affiliates of Saber Healthcare Holdings, LLC, resulting in a 49% equity ownership in 64 facilities leased back to Saber subsidiaries, generating $69.4 million in annual contractual rent.
• In Q2 2025, $158 million was invested to acquire 12 facilities (8 SNFs, 4 ALFs) leased to two existing operators and two new operators.
• In April 2025, $344 million was invested in 45 care homes across the U.K. and Jersey, leased to four existing operators and two new operators.
• Regarding distressed assets, Omega provided $8.0 million in debtor-in-possession financing to Genesis Healthcare, Inc. after its Chapter 11 filing on July 9, 2025, with the condition that Genesis pay full contractual rent. Genesis made all required contractual rent and interest payments in Q3 2025.

Omega Healthcare Investors, Inc. (OHI) - Canvas Business Model: Customer Segments

You're looking at the core groups Omega Healthcare Investors, Inc. (OHI) serves, which are primarily the operators of the facilities they finance, and the investors who provide the capital. Here's the quick math on who those customers are as of late 2025, based on the latest filings.

Operator Segments: Facility Operators

The primary customer base consists of operators who need long-term capital structures for their physical assets. Omega Healthcare Investors, Inc. focuses on senior healthcare facilities across the US and the United Kingdom. As of September 30, 2025, the portfolio breakdown shows the scale of this segment:

• Total Properties: 1,024
• Total Beds: 93,159
• Geographic Footprint: 42 states, the District of Columbia, and the U.K.
• Number of Third-Party Operators: 88

The portfolio is structured to mitigate concentration risk with its operators. As of September 30, 2025, no single operator accounted for more than 10% of total rent/interest.

The facility types served include both Skilled Nursing Facilities (SNF) and Assisted Living Facilities (ALF), with recent acquisitions showing activity in both US and UK markets. For example, in the third quarter of 2025, Omega Healthcare Investors, Inc. acquired two facilities, one being a U.K. care home. Also in Q3 2025, one U.S. real estate acquisition was completed for $58.6 million. Post-quarter end in October 2025, a major joint venture involved 64 facilities, which are leased to SABR under long-term triple-net leases.

Portfolio Metric (as of 9/30/2025)	Value	Notes
Gross Real Estate Investments	$11.4 billion	Total asset value on the balance sheet
UK Facilities Count	At least 1	One UK facility acquired in Q3 2025
Q3 2025 US Real Estate Acquisition	$58.6 million	One facility in New Jersey
New JV Facilities Count (Oct 2025)	64	Part of a 49% equity interest acquisition

Omega Healthcare Investors, Inc. also engages in real estate loan investments. In Q2 2025, the Company funded $25 million in mortgage and other real estate loans with a weighted average interest rate of 10.0%.

Investor Segments: Capital Providers

The second major customer group is the investment community, which provides the equity capital necessary for Omega Healthcare Investors, Inc.'s acquisitions. This group is segmented into institutional and retail investors.

For institutional investors seeking stable, dividend-paying REIT exposure, the recent activity shows significant capital flow:

• Amount of Institutional Buying (Last 6 Months): $3.9B
• Current Institutional Ownership Percentage: 115.52%
• Leverage Ratio (Post Q3 2025 activity): Down to approximately 3.59x

Retail investors are drawn to the income stream, which Omega Healthcare Investors, Inc. has consistently delivered. The company has 21 consecutive years of dividend payments.

Financial Metric (Late 2025)	Value	Context
Dividend Yield	5.85%	Dividend Grade B+
2025 AFFO Guidance (Midpoint)	$3.09 per diluted share	Implies roughly 8% year-over-year AFFO growth
Q3 2025 Adjusted FFO per Share	$0.79 or $0.77	Depending on specific calculation basis
Dividend Payout Ratio (as % of AFFO)	About 85%	As of Q3 2025

Healthcare Companies Needing Sale-Leaseback Transactions

While the specific number of sale-leaseback transactions as a distinct customer segment isn't explicitly quantified separately from general acquisitions, the core business model involves acquiring real estate and leasing it back to operators. The $502 million in real estate acquisitions completed in Q2 2025, for instance, aligns with this need for capital deployment against existing assets. The strategy prioritizes long-term leases with fixed-rate escalators, which is the structure used in these transactions.

Omega Healthcare Investors, Inc. (OHI) - Canvas Business Model: Cost Structure

You\'re looking at the expenses that drive the operations for Omega Healthcare Investors, Inc. (OHI) as of late 2025. For a Real Estate Investment Trust (REIT) like OHI, the cost structure is heavily weighted toward financing and maintaining its massive portfolio.

Interest expense on debt, including the new $2.3 billion credit facility is a major component. As of September 30, 2025, Omega Healthcare Investors, Inc. had $5.0 billion in outstanding indebtedness, carrying a weighted average annual interest rate of 4.6% on that total debt. This debt profile was recently refreshed by closing a new $2.3 billion senior unsecured credit facility in September 2025, which replaced the previous $1.45 billion revolving credit facility. This new package includes a $2.0 billion four-year revolving credit facility and a $300.0 million three-year delayed draw term loan facility. Furthermore, Omega Healthcare Investors, Inc. proactively managed liabilities by repaying $600 million of senior unsecured notes at par value on October 15, 2025.

General and administrative (G&A) expenses are projected with some precision for near-term planning. The initial 2025 guidance assumed quarterly G&A expense would run between $12 million to $14 million. However, for the fourth quarter of 2025, management projected this expense to be between $13.5 million to $14.5 million.

Here's a quick look at those G&A projections:

Period	Low Estimate	High Estimate
Initial 2025 Quarterly Guidance	$12 million	$14 million
Projected Q4 2025	$13.5 million	$14.5 million

Property-related costs during operator transitions or restructurings are variable but material. For the third quarter ended September 30, 2025, the reported Acquisition, merger and transition related costs were $6,437 (presumably in thousands, based on context). During that same quarter, the company also recorded $1,144 (likely in thousands) for Impairment on real estate properties. These costs are a direct reflection of the active portfolio management, which includes dealing with operators like Genesis Healthcare, which filed for Chapter 11 bankruptcy.

While specific line items for professional fees are not explicitly broken out in the latest reports, these costs are inherently part of the investment process. The due diligence and legal work associated with closing $978 million in new investments year-to-date through October 2025 would certainly involve significant professional fees. These fees are part of the overall expense associated with acquiring assets, such as the $222 million total consideration for the 49% equity interest in the Saber Healthcare Holdings, LLC joint venture in October 2025.

Finally, the cost of rewarding shareholders through dividend payments is a fixed commitment for Omega Healthcare Investors, Inc. The Board declared a cash dividend of $0.67 per share for the third quarter of 2025, payable on November 17, 2025. This translates to a dividend payout ratio of 89% based on Funds Available for Distribution (FAD) for Q3 2025.

The key cost drivers are:

• Interest expense on $5.0 billion of debt at a 4.6% weighted average rate.
• Projected Q4 2025 G&A expense between $13.5 million and $14.5 million.
• Variable transition costs, such as Q3 2025 Acquisition, merger and transition related costs of $6,437 (in thousands).
• A regular quarterly cash dividend of $0.67 per share.

Omega Healthcare Investors, Inc. (OHI) - Canvas Business Model: Revenue Streams

You're looking at the core ways Omega Healthcare Investors, Inc. brings in money as of late 2025. The company's revenue structure is built on real estate cash flow, supplemented by lending and investment gains.

For the third quarter of 2025, Omega Healthcare Investors, Inc. reported total revenue of $312 million. This compares to revenue of $276 million for the third quarter of 2024.

Rental income from triple-net master leases (primary source)

The bulk of Omega Healthcare Investors, Inc.'s revenue comes from rental payments under triple-net master leases. This is the bedrock of the business model, representing predictable, long-term cash flow from its portfolio of senior care facilities.

Specific rental streams include:

• The Genesis lease covers thirty-one facilities, representing $52 million in annual rent.
• Maplewood paid $18.7 million in rent during the third quarter.

Interest income from real estate mortgage loans and secured loans

Omega Healthcare Investors, Inc. also generates income by acting as a lender, providing mortgage and other real estate-backed loans to operators. This provides a yield component to the overall revenue mix.

Recent activity in this area includes:

• In the second quarter of 2025, the company funded $24.8 million in mortgage and other real estate loans with a weighted average interest rate of 10.0%.
• In the third quarter of 2025, Omega invested $84 million in real estate loans across 4 separate transactions, carrying an interest rate of 10%.
• These loan investments sometimes include an option for Omega to acquire an ownership interest in the underlying real estate upon refinancing.

Income from joint venture equity investments, like the Saber JV

Omega Healthcare Investors, Inc. is actively diversifying into deeper equity partnerships, such as joint ventures, which can offer higher potential returns than pure real estate ownership or lending. This involves sharing in both the cash flow and the upside of the underlying operations.

The recent Saber Healthcare partnership is a prime example of this revenue stream:

• Omega invested $222 million in October 2025 for a 49% equity stake in a real estate joint venture holding 64 facilities.
• These 64 facilities are leased to Saber and generate $69.4 million in contractual rent per annum.
• Omega anticipates receiving an initial annual return on this investment of 9.3%.
• The company also entered an agreement for a 9.9% equity interest in Saber's operating company for $92.6 million, expecting an 8% minimum quarterly cash yield.

Proceeds from accretive asset sales and dispositions

Selling assets, especially those sold at a gain, provides non-recurring income that can be redeployed into new, accretive investments. These sales are considered part of the active portfolio management that supports overall revenue and earnings growth.

For the third quarter of 2025, Omega Healthcare Investors, Inc. reported:

Metric	Amount
Total Asset Sales Proceeds (Q3 2025)	$81.1 million in cash
Number of Facilities Sold (Q3 2025)	11 facilities
Recognized Gain on Sales (Q3 2025)	$28.2 million
Revenue Recorded from Asset Sales (Q3 2025)	$1.2 million

In the first quarter of 2025, the company sold 27 facilities for $120.9 million in cash.

Here is a look at the key Q3 2025 financial metrics related to revenue generation:

Financial Metric	Q3 2025 Value
Total Revenue	$312 million
Net Income	$185 million
NAREIT FFO	$242 million
Adjusted FFO (AFFO)	$243 million
Funds Available for Distribution (FAD)	$231 million

Finance: draft 13-week cash view by Friday.