Omega Healthcare Investors, Inc. (OHI): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el mundo estratégico de Omega Healthcare Investors, Inc. (OHI), un fideicomiso pionero de inversión inmobiliaria que transforma el financiamiento de la infraestructura de salud. Esta compañía innovadora cierra magistralmente la brecha entre los operadores de los centros de salud y los inversores sofisticados, creando un ecosistema dinámico de inversión inmobiliaria y apoyo de salud. Al aprovechar un modelo de negocio robusto que equilibra la perspicacia financiera con la experiencia en el sector de la salud, OHI entrega valor único a las partes interesadas a través de adquisiciones estratégicas de bienes raíces, estrategias de arrendamiento a largo plazo y oportunidades de dividendos consistentes que remodelan cómo las propiedades de la salud generan un crecimiento económico sostenible.

Omega Healthcare Investors, Inc. (OHI) - Modelo de negocios: asociaciones clave

Vivienda para personas mayores y operadores de instalaciones de enfermería especializada

A partir del cuarto trimestre de 2023, Omega Healthcare Investors tiene asociación con 83 socios operativos que administran 956 instalaciones de salud en 42 estados.

Categoría de socio	Número de instalaciones	Cobertura geográfica
Instalaciones de enfermería especializada	697	37 estados
Instalaciones de vida asistida	259	22 estados

Redes de inversión inmobiliaria de la salud

Los inversores de Omega Healthcare poseen $ 9.4 mil millones en activos totales con una cartera de inversiones inmobiliarias centrada en propiedades de salud.

• Inversiones de bienes raíces de atención médica basadas en REIT
• Redes de construcción de oficinas médicas
• Canales de inversión de propiedad de cuidado de la tercera edad

Proveedores de servicios médicos y sistemas de salud

La cartera de asociación actual incluye relaciones con 83 empresas operativas únicas de atención médica.

Tipo de proveedor	Recuento de asociaciones
Operadores de atención médica independientes	62
Sistemas de atención médica regional	21

Empresas de gestión de capital e inversiones privadas

Los inversores de Omega Healthcare mantienen relaciones estratégicas con múltiples entidades de gestión de inversiones, con aproximadamente $ 5.2 mil millones en inversiones inmobiliarias administradas.

Empresas de administración de propiedades de atención médica regional y nacional

Las asociaciones abarcan 42 estados con 956 instalaciones de atención médica total bajo administración.

Tipo de empresa de gestión	Número de asociaciones	Cobertura de instalaciones
Compañías de gestión regionales	47	612 instalaciones
Empresas de gestión nacionales	36	344 instalaciones

Omega Healthcare Investors, Inc. (OHI) - Modelo de negocio: actividades clave

Adquirir y arrendar propiedades de bienes raíces de atención médica

A partir del cuarto trimestre de 2023, los inversores de Omega Healthcare poseían 969 propiedades de atención médica en 41 estados. Cartera total de inversión inmobiliaria valorada en $ 9.4 mil millones. Tamaño promedio de la propiedad: 64,000 pies cuadrados.

Tipo de propiedad	Número de propiedades	Porcentaje de cartera
Instalaciones de enfermería especializada	673	69.5%
Instalaciones de vida asistida	196	20.2%
Otras propiedades de atención médica	100	10.3%

Gestión y mantenimiento de carteras de instalaciones de atención médica

Tasa de ocupación en toda la cartera: 83.7% al 31 de diciembre de 2023. Gastos anuales de mantenimiento de la propiedad: $ 127 millones.

Proporcionar capital y apoyo financiero a los operadores de atención médica

Inversiones totales en asociaciones de operadores de salud: $ 2.3 mil millones. Relación promedio de cobertura de arrendamiento: 1.45x. Los términos de arrendamiento generalmente oscilan entre 10 y 15 años.

Realización de inversiones y evaluaciones de propiedades estratégicas

• Presupuesto anual de adquisición de propiedades: $ 500 millones
• Criterios de inversión Centrarse en propiedades con flujo de caja estable
• Diversificación geográfica en 41 estados

Monitoreo y evaluación del rendimiento de la propiedad de la salud

Métrico de rendimiento	Valor 2023
Fondos de Operaciones (FFO)	$ 687 millones
Rendimiento de dividendos	8.9%
Tasa de retención de inquilinos	92%

Omega Healthcare Investors, Inc. (OHI) - Modelo de negocios: recursos clave

Cartera de bienes raíces de atención médica extensa

A partir del cuarto trimestre de 2023, Omega Healthcare Investors posee aproximadamente 964 instalaciones de salud en 41 estados. Los pies cuadrados brutos totales de su cartera de bienes raíces son de aproximadamente 56.3 millones de pies cuadrados.

Tipo de propiedad	Número de instalaciones	Porcentaje de cartera
Instalaciones de enfermería especializada	673	69.8%
Instalaciones de vida asistida	180	18.7%
Otras instalaciones de atención médica	111	11.5%

Capacidades de capital financiero y de inversión sólidos

Al 31 de diciembre de 2023, los inversores de Omega Healthcare informaron:

• Activos totales: $ 9.43 mil millones
• Inversiones totales en bienes raíces: $ 7.82 mil millones
• Deuda: $ 4.61 mil millones
• Capitalización de mercado: aproximadamente $ 3.2 mil millones

Equipos de gestión e inversión experimentados

Posición de liderazgo	Años de experiencia
CEO	Más de 20 años en inversión en salud
director de Finanzas	Más de 15 años en gestión financiera
Director de inversiones	18+ años en inversión inmobiliaria

Relaciones robustas de la industria de la salud

Los inversores de Omega Healthcare mantienen relaciones con más de 70 compañías operativas de atención médica a partir de 2023.

Estrategias avanzadas de evaluación de propiedades e inversión

• Diversificación de la cartera de inversiones en múltiples estados
• Proceso de diligencia debida rigurosa con una tasa de retención de inquilinos del 92%
• Término de arrendamiento promedio: 7.4 años

Omega Healthcare Investors, Inc. (OHI) - Modelo de negocio: propuestas de valor

Ingresos de dividendos estables y consistentes para los inversores

A partir del cuarto trimestre de 2023, los inversores de Omega Healthcare informaron un rendimiento de dividendos del 9,48%. La compañía ha mantenido un historial de pago de dividendos consistente con $ 0.67 por parte de dividendo trimestral. El pago total de dividendos anuales para 2023 fue aproximadamente $ 2.68 por acción.

Métrico de dividendos	Valor 2023
Dividendo trimestral	$ 0.67/acción
Dividendo anual	$ 2.68/acción
Rendimiento de dividendos	9.48%

Oportunidades especializadas de inversión inmobiliaria en la salud

Omega Healthcare Investors administra un Portafolio total de 927 Instalaciones de atención médica al otro lado de 41 estados A partir del cuarto trimestre de 2023. El valor total de inversión inmobiliaria era $ 9.3 mil millones.

• Composición de cartera:
  • Instalaciones de enfermería especializada: 70%
  • Instalaciones de vida asistida: 20%
  • Propiedades de atención médica especializada: 10%

Apoyo de capital estratégico para operadores de instalaciones de atención médica

En 2023, los inversores de atención médica de omega proporcionaron $ 287 millones en nuevas inversiones a operadores de instalaciones de salud. La relación de cobertura de arrendamiento fue 1.15x, indicando una fuerte estabilidad financiera para los operadores de inquilinos.

Cartera de inversiones de propiedad de atención médica diversificada

Tipo de propiedad	Número de instalaciones	Inversión total
Enfermería especializada	649	$ 6.51 mil millones
Vida asistida	186	$ 1.86 mil millones
Atención médica especializada	92	$ 930 millones

Crecimiento de la inversión a largo plazo en infraestructura de atención médica

El rendimiento total anual promedio para los inversores de atención médica omega de 2018-2023 fue 6.2%. Los activos totales a partir del cuarto trimestre de 2023 fueron $ 10.2 mil millones. La tasa de ocupación en los centros de salud se mantuvo estable en 83.5%.

Omega Healthcare Investors, Inc. (OHI) - Modelo de negocios: relaciones con los clientes

Contratos de arrendamiento a largo plazo con operadores de atención médica

A partir del cuarto trimestre de 2023, Omega Healthcare Investors mantiene 956 propiedades de atención médica con un plazo de arrendamiento promedio de 9.4 años. El valor total de la cartera de propiedades es de aproximadamente $ 9.4 mil millones.

Métrico de arrendamiento	Valor
Propiedades totales	956
Término de arrendamiento promedio	9.4 años
Valor de cartera	$ 9.4 mil millones

Modelos de asociación colaborativa

OHI trabaja con 71 socios operativos en 41 estados, centrándose en los centros de enfermería y de vida asistida.

• Número de socios operativos: 71
• Estados cubiertos: 41
• Tipos de propiedad principal: enfermería especializada, vida asistida

Rendimiento regular e informes financieros

Los informes financieros trimestrales para 2023 muestran pagos de dividendos consistentes de $ 0.92 por acción, con un dividendo anual total de $ 3.68.

Métrica de informes	Valor 2023
Dividendo trimestral	$0.92
Dividendo anual	$3.68

Soluciones personalizadas de inversión y administración de propiedades

OHI proporciona estrategias de inversión a medida con un Tasa de ocupación del 93% a través de sus propiedades de atención médica.

• Tasa de ocupación de la propiedad: 93%
• Enfoque de inversión: financiación de bienes raíces de atención médica personalizada

Comunicación transparente con inversores y partes interesadas

En 2023, OHI realizó 4 llamadas de conferencia de ganancias y produjo informes trimestrales y anuales integrales accesibles para los inversores.

Comunicación de inversores	2023 frecuencia
Llamadas de conferencia de ganancias	4
Informes trimestrales	4
Informes anuales	1

Omega Healthcare Investors, Inc. (OHI) - Modelo de negocios: canales

Equipo directo de relaciones con los inversores

Omega Healthcare Investors mantiene un equipo dedicado de relaciones con los inversores con 3 profesionales a tiempo completo. A partir de 2024, el equipo maneja los canales de comunicación directa con aproximadamente 275 inversores institucionales.

Métricas de comunicación de inversores	Datos cuantitativos
Interacciones anuales de los inversores	487 compromisos directos
Participantes de llamadas de ganancias trimestrales	92-118 participantes
Tiempo de respuesta promedio	1.7 días hábiles

Plataformas e intercambios de mercado financiero

Ohi figura en el Bolsa de Nueva York (NYSE) con símbolo de ticker Ohi. Promedios de volumen comercial 1,2 millones de acciones diarias.

• Intercambio primario: NYSE
• Capitalización de mercado: $ 3.86 mil millones (a partir del primer trimestre de 2024)
• Volumen de negociación diario promedio: 1,200,000 acciones

Conferencias de inversión inmobiliaria

Los inversores de Omega Healthcare participan en 6-8 principales conferencias de inversión inmobiliaria de la salud anualmente.

Tipo de conferencia	Participación anual
Conferencias nacionales de inversores en salud	4 conferencias
Simposios de inversión regional	2-4 eventos

Plataformas de comunicación de inversores digitales

OHI utiliza múltiples canales digitales con Recursos integrales de inversores en línea.

• Sección de inversores del sitio web corporativo: informes trimestrales completos
• Plataforma de archivo Sec Edgar: divulgaciones financieras en tiempo real
• Plataforma de transmisión web de inversores: presentaciones de ganancias trimestrales

Redes profesionales y eventos de la industria

La empresa se involucra en 12-15 eventos especializados de redes de inversión en salud anualmente.

Categoría de eventos de redes	Participación anual
Eventos específicos de la salud REIT	5-7 eventos
Foros de inversión inmobiliaria más amplios	7-8 eventos

Omega Healthcare Investors, Inc. (OHI) - Modelo de negocio: segmentos de clientes

Operadores de instalaciones de salud

A partir de 2024, los inversores de atención médica de Omega atienden aproximadamente 959 instalaciones de salud en 41 estados. La cartera incluye:

Tipo de instalación	Número de instalaciones	Porcentaje de cartera
Instalaciones de enfermería especializada	676	70.5%
Instalaciones de vida asistida	183	19.1%
Instalaciones de atención especializada	100	10.4%

Inversores institucionales

Omega Healthcare atrae a inversores institucionales con los siguientes profile:

• Propiedad institucional total: 72.4%
• Los principales accionistas institucionales incluyen Vanguard Group y BlackRock
• Valor de inversión institucional: $ 4.2 mil millones

Fideicomisos de inversión inmobiliaria

Características del segmento de clientes específicas de REIT:

Métrica de reit	Valor
Activos totales de REIT	$ 9.3 mil millones
Rendimiento de dividendos	8.7%
Número de inversores REIT	387

Empresas de capital privado

Métricas de compromiso de capital privado:

• Inversiones totales de capital privado: $ 1.6 mil millones
• Número de socios de capital privado: 24
• Tamaño promedio de la inversión: $ 66.7 millones

Inversores de infraestructura de atención médica

Inversión en infraestructura profile:

Categoría de inversión	Inversión total	Porcentaje de cartera
Vivienda para personas mayores	$ 3.8 mil millones	41%
Enfermería especializada	$ 4.5 mil millones	48%
Otra infraestructura de atención médica	$ 600 millones	11%

Omega Healthcare Investors, Inc. (OHI) - Modelo de negocio: Estructura de costos

Gastos de adquisición de propiedades

A partir del cuarto trimestre de 2023, los inversores de Omega Healthcare informaron inversiones inmobiliarias totales de $ 9.47 mil millones. Los costos de adquisición de propiedades de la compañía incluyen:

Tipo de propiedad	Inversión total	Costo promedio por propiedad
Instalaciones de enfermería especializada	$ 6.82 mil millones	$ 22.3 millones
Instalaciones de vida asistida	$ 2.65 mil millones	$ 18.7 millones

Costos de mantenimiento y renovación

Los gastos de mantenimiento anual para los inversores de atención médica omega en 2023 totalizaron $ 187.4 millones, con el siguiente desglose:

• Mantenimiento de rutina: $ 103.6 millones
• Proyectos de renovación importantes: $ 53.8 millones
• Actualizaciones de infraestructura: $ 30 millones

Gestión y gastos generales operativos

Los costos operativos para la empresa en 2023 incluyeron:

Categoría de gastos	Costo anual
Compensación ejecutiva	$ 12.3 millones
Salarios de los empleados	$ 45.6 millones
Gastos administrativos	$ 22.1 millones

Gastos de diligencia debida de inversión

Costos totales de diligencia debida para 2023: $ 8.7 millones

• Revisión legal y financiera: $ 4.2 millones
• Inspección y valoración de la propiedad: $ 2.5 millones
• Investigación de mercado: $ 2 millones

Costos de cumplimiento y informes regulatorios

Los gastos relacionados con el cumplimiento para 2023 ascendieron a $ 6.9 millones:

Área de cumplimiento	Gasto anual
Informes regulatorios	$ 3.4 millones
Tarifas de auditoría externa	$ 2.1 millones
Capacitación de cumplimiento	$ 1.4 millones

Omega Healthcare Investors, Inc. (OHI) - Modelo de negocios: flujos de ingresos

Ingresos de alquiler de propiedades de atención médica

A partir del tercer trimestre de 2023, los inversores de Omega Healthcare informaron $ 222.4 millones En ingresos totales de alquiler. La cartera consiste en 941 Instalaciones de atención médica al otro lado de 41 estados.

Tipo de propiedad	Número de instalaciones	Ingreso de alquiler
Instalaciones de enfermería especializada	697	$ 165.3 millones
Instalaciones de vida asistida	144	$ 37.6 millones
Otras propiedades de atención médica	100	$ 19.5 millones

Pagos de arrendamiento de operadores de instalaciones

Relación promedio de cobertura de arrendamiento: 1.25x. Ingresos de arrendamiento total para 2023: $ 267.8 millones.

Apreciación de capital de los activos inmobiliarios

Valor total de la cartera de bienes raíces: $ 9.2 mil millones. Tasa anual de apreciación inmobiliaria: 3.7%.

Distribuciones de dividendos a los accionistas

Rendimiento de dividendos: 8.92%. Dividendos totales pagados en 2023: $ 604.5 millones.

Período de dividendos	Dividendo por acción	Distribución de dividendos totales
Q1 2023	$0.67	$ 151.1 millones
Q2 2023	$0.67	$ 151.1 millones
P3 2023	$0.67	$ 151.1 millones
P4 2023	$0.67	$ 151.1 millones

Tarifas de gestión de inversiones

Ingresos de tarifas de gestión de inversiones: $ 12.3 millones para 2023.

• Estructura de tarifas basada en activos totales bajo administración
• Tasa de tarifa de gestión típica: 1.2% del valor total de la cartera
• Tarifas adicionales basadas en el rendimiento: $ 2.1 millones

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.