Omega Healthcare Investors, Inc. (OHI): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no mundo estratégico da Omega Healthcare Investors, Inc. (OHI), uma confiança pioneira em investimentos imobiliários que transforma o financiamento da infraestrutura de saúde. Esta empresa inovadora preenche magistralmente a lacuna entre os operadores de instalações de saúde e investidores sofisticados, criando um ecossistema dinâmico de investimento imobiliário e suporte à saúde. Ao alavancar um modelo de negócios robusto que equilibra a perspicácia financeira com a experiência no setor de saúde, a OHI entrega valor único Para as partes interessadas por meio de aquisições estratégicas de imóveis, estratégias de leasing de longo prazo e oportunidades de dividendos consistentes que remodelam como as propriedades da saúde geram crescimento econômico sustentável.

Omega Healthcare Investors, Inc. (OHI) - Modelo de negócios: Parcerias -chave

Habitação sênior e operadores de instalações de enfermagem qualificadas

A partir do quarto trimestre 2023, a Omega Healthcare Investors possui parcerias com 83 parceiros operacionais que gerenciam 956 instalações de saúde em 42 estados.

Categoria de parceiro	Número de instalações	Cobertura geográfica
Instalações de enfermagem qualificadas	697	37 estados
Instalações de vida assistida	259	22 estados

Redes de investimentos imobiliários de saúde

A Omega Healthcare Investors detém US $ 9,4 bilhões em ativos totais com portfólio de investimentos imobiliários focados nas propriedades da saúde.

• Investimentos imobiliários de saúde baseados em REIT
• Redes de construção de escritórios médicos
• Canais de investimento imobiliário de cuidados sênior

Provedores de serviços médicos e sistemas de saúde

O portfólio de parceria atual inclui relacionamentos com 83 empresas operacionais exclusivas de saúde.

Tipo de provedor	Contagem de parcerias
Operadores independentes de saúde	62
Sistemas regionais de saúde	21

Empresas de gestão de private equity e investimentos

A Omega Healthcare Investors mantém relações estratégicas com várias entidades de gerenciamento de investimentos, com aproximadamente US $ 5,2 bilhões em investimentos imobiliários gerenciados.

Empresas de gestão de propriedades regionais e nacionais de saúde

As parcerias abrangem 42 estados com 956 instalações totais de saúde sob gestão.

Tipo de empresa de gestão	Número de parcerias	Cobertura da instalação
Empresas de gestão regional	47	612 instalações
Empresas de gestão nacional	36	344 instalações

Omega Healthcare Investors, Inc. (OHI) - Modelo de negócios: Atividades -chave

Aquisição e arrendamento de propriedades imobiliárias de saúde

A partir do quarto trimestre de 2023, a Omega Healthcare Investors possuía 969 propriedades de saúde em 41 estados. O portfólio total de investimentos imobiliários no valor de US $ 9,4 bilhões. Tamanho médio da propriedade: 64.000 pés quadrados.

Tipo de propriedade	Número de propriedades	Porcentagem de portfólio
Instalações de enfermagem qualificadas	673	69.5%
Instalações de vida assistida	196	20.2%
Outras propriedades de saúde	100	10.3%

Gerenciamento e manutenção de carteiras de serviços de saúde

Taxa de ocupação em toda a carteira: 83,7% em 31 de dezembro de 2023. Despesas anuais de manutenção de propriedades: US $ 127 milhões.

Fornecendo apoio financeiro e de capital aos operadores de saúde

Total de investimentos em parcerias de operadores de saúde: US $ 2,3 bilhões. Taxa média de cobertura do arrendamento: 1,45x. Os termos de arrendamento geralmente variam entre 10 e 15 anos.

Condução de investimentos e avaliações estratégicas de propriedades

• Orçamento anual de aquisição de propriedades: US $ 500 milhões
• Os critérios de investimento concentram -se em propriedades com fluxo de caixa estável
• Diversificação geográfica em 41 estados

Monitorar e avaliar o desempenho da propriedade da saúde

Métrica de desempenho	2023 valor
Fundos das operações (FFO)	US $ 687 milhões
Rendimento de dividendos	8.9%
Taxa de retenção de inquilinos	92%

Omega Healthcare Investors, Inc. (OHI) - Modelo de negócios: Recursos -chave

Portfólio imobiliário de assistência médica extensa

A partir do quarto trimestre de 2023, a Omega Healthcare Investors possui aproximadamente 964 instalações de saúde em 41 estados. A metragem quadrada total de seu portfólio imobiliário é de aproximadamente 56,3 milhões de pés quadrados.

Tipo de propriedade	Número de instalações	Porcentagem de portfólio
Instalações de enfermagem qualificadas	673	69.8%
Instalações de vida assistida	180	18.7%
Outras instalações de saúde	111	11.5%

Fortes capital financeiro e capacidades de investimento

Em 31 de dezembro de 2023, a Omega Healthcare Investors informou:

• Total de ativos: US $ 9,43 bilhões
• Total de investimentos em imóveis: US $ 7,82 bilhões
• Dívida: US $ 4,61 bilhões
• Capitalização de mercado: aproximadamente US $ 3,2 bilhões

Equipes de gestão e investimento experientes

Posição de liderança	Anos de experiência
CEO	Mais de 20 anos em investimento em saúde
Diretor Financeiro	Mais de 15 anos em gestão financeira
Diretor de Investimento	Mais de 18 anos em investimento imobiliário

Relacionamentos robustos do setor de saúde

A Omega Healthcare Investors mantém relacionamentos com mais de 70 empresas operacionais de saúde a partir de 2023.

Estratégias avançadas de avaliação de propriedades e investimento

• Diversificação do portfólio de investimentos em vários estados
• Processo rigoroso de due diligence com 92% de taxa de retenção de inquilinos
• Termo médio de arrendamento: 7,4 anos

Omega Healthcare Investors, Inc. (OHI) - Modelo de negócios: proposições de valor

Receita de dividendos estáveis ​​e consistentes para investidores

A partir do quarto trimestre 2023, os investidores da Omega Healthcare relataram um Rendimento de dividendos de 9,48%. A empresa manteve um histórico de pagamento de dividendos consistente com US $ 0,67 por ação dividendo trimestral. O pagamento anual total de dividendos para 2023 foi aproximadamente US $ 2,68 por ação.

Métrica de dividendos	2023 valor
Dividendo trimestral	$ 0,67/ação
Dividendo anual	US $ 2,68/ação
Rendimento de dividendos	9.48%

Oportunidades especializadas de investimento imobiliário em saúde

Os investidores da Omega Healthcare gerencia um Portfólio total de 927 instalações de saúde entre 41 estados a partir do quarto trimestre 2023. O valor total do investimento imobiliário era US $ 9,3 bilhões.

• Composição do portfólio:
  • Instalações de enfermagem qualificadas: 70%
  • Instalações de vida assistida: 20%
  • Propriedades de assistência médica especializadas: 10%

Apoio ao capital estratégico para operadores de instalações de saúde

Em 2023, os investidores da Omega Healthcare forneceram US $ 287 milhões em novos investimentos para operadores de instalações de saúde. A taxa de cobertura do arrendamento foi 1.15x, indicando forte estabilidade financeira para operadores de inquilinos.

Portfólio de investimento em saúde diversificado

Tipo de propriedade	Número de instalações	Investimento total
Enfermagem qualificada	649	US $ 6,51 bilhões
Vida assistida	186	US $ 1,86 bilhão
Specialty Healthcare	92	US $ 930 milhões

Crescimento de investimentos a longo prazo na infraestrutura de saúde

O retorno total médio anual para os investidores da Omega Healthcare de 2018-2023 foi 6.2%. Os ativos totais a partir do quarto trimestre 2023 foram US $ 10,2 bilhões. A taxa de ocupação em toda a área de saúde permaneceu estável em 83.5%.

Omega Healthcare Investors, Inc. (OHI) - Modelo de negócios: Relacionamentos ao cliente

Acordos de arrendamento de longo prazo com operadores de saúde

A partir do quarto trimestre de 2023, os investidores da Omega Healthcare mantém 956 propriedades de saúde com um prazo médio de arrendamento de 9,4 anos. O valor total do portfólio de propriedades é de aproximadamente US $ 9,4 bilhões.

Métrica de arrendamento	Valor
Propriedades totais	956
Termo de arrendamento médio	9,4 anos
Valor do portfólio	US $ 9,4 bilhões

Modelos de parceria colaborativa

A OHI trabalha com 71 parceiros operacionais em 41 estados, com foco em enfermagem qualificada e instalações de vida assistida.

• Número de parceiros operacionais: 71
• Estados cobertos: 41
• Tipos de propriedades primárias: enfermagem qualificada, vida assistida

Desempenho regular e relatórios financeiros

Os relatórios financeiros trimestrais para 2023 mostram pagamentos consistentes de dividendos de US $ 0,92 por ação, com um dividendo anual total de US $ 3,68.

Métrica de relatório	2023 valor
Dividendo trimestral	$0.92
Dividendo anual	$3.68

Soluções personalizadas de investimento e gerenciamento de propriedades

Ohi fornece estratégias de investimento personalizado com um Taxa de ocupação de 93% em suas propriedades de saúde.

• Taxa de ocupação de propriedade: 93%
• Abordagem de investimento: financiamento imobiliário personalizado de saúde

Comunicação transparente com investidores e partes interessadas

Em 2023, a OHI realizou 4 chamadas de conferência de ganhos e produziu relatórios abrangentes trimestrais e anuais acessíveis aos investidores.

Comunicação do investidor	2023 Frequência
Damadas de conferência de ganhos	4
Relatórios trimestrais	4
Relatórios anuais	1

Omega Healthcare Investors, Inc. (OHI) - Modelo de Negócios: Canais

Equipe direta de relações com investidores

Os investidores da Omega Healthcare mantém uma equipe de relações com investidores dedicada com 3 profissionais em tempo integral. A partir de 2024, a equipe lida com canais de comunicação direta com aproximadamente 275 investidores institucionais.

Métricas de comunicação para investidores	Dados quantitativos
Interações anuais do investidor	487 compromissos diretos
Os ganhos trimestrais chamam os participantes	92-118 participantes
Tempo médio de resposta	1.7 dias úteis

Plataformas e trocas de mercado financeiro

Ohi está listado no Bolsa de Valores de Nova York (NYSE) com símbolo de ticker Ohi. Médias de volume de negociação 1,2 milhão de ações diariamente.

• Troca primária: NYSE
• Capitalização de mercado: US $ 3,86 bilhões (no primeiro trimestre de 2024)
• Volume médio diário de negociação: 1.200.000 ações

Conferências de investimento imobiliário

Os investidores da Omega Healthcare participam de 6-8 grandes conferências de investimento imobiliário em saúde anualmente.

Tipo de conferência	Participação anual
Conferências de investidores nacionais de saúde	4 conferências
Simpósios de investimento regional	2-4 eventos

Plataformas de comunicação de investidores digitais

Ohi utiliza vários canais digitais com Recursos abrangentes para investidores on -line.

• Seção de investidores do site corporativo: Relatórios trimestrais abrangentes
• Plataforma de arquivamento da Sec Edgar: Divulgações financeiras em tempo real
• Plataforma do Webcast de investidores: apresentações trimestrais de ganhos

Eventos profissionais de networking e indústria

A empresa se envolve em 12-15 Eventos especializados em redes de investimento em saúde anualmente.

Categoria de evento de rede	Participação anual
HealthCare REIT Eventos específicos	5-7 eventos
Fóruns mais amplos de investimento imobiliário	7-8 eventos

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

Operadores de instalações de saúde

A partir de 2024, a Omega Healthcare Investors atende a aproximadamente 959 instalações de saúde em 41 estados. O portfólio inclui:

Tipo de instalação	Número de instalações	Porcentagem de portfólio
Instalações de enfermagem qualificadas	676	70.5%
Instalações de vida assistida	183	19.1%
Instalações de atendimento especializado	100	10.4%

Investidores institucionais

A Omega Healthcare atrai investidores institucionais com o seguinte profile:

• Propriedade institucional total: 72,4%
• Os principais acionistas institucionais incluem o Vanguard Group e o BlackRock
• Valor institucional de investimento: US $ 4,2 bilhões

Fundos de investimento imobiliário

Características do segmento de clientes específicas do REIT:

REIT METRIC	Valor
Total de ativos REIT	US $ 9,3 bilhões
Rendimento de dividendos	8.7%
Número de investidores REIT	387

Empresas de private equity

Métricas de engajamento de private equity:

• Total de investimentos em private equity: US $ 1,6 bilhão
• Número de parceiros de private equity: 24
• Tamanho médio do investimento: US $ 66,7 milhões

Infraestrutura de assistência médica Investidores

Investimento de infraestrutura profile:

Categoria de investimento	Investimento total	Porcentagem de portfólio
Habitação sênior	US $ 3,8 bilhões	41%
Enfermagem qualificada	US $ 4,5 bilhões	48%
Outra infraestrutura de saúde	US $ 600 milhões	11%

Omega Healthcare Investors, Inc. (OHI) - Modelo de negócios: estrutura de custos

Despesas de aquisição de propriedades

A partir do quarto trimestre de 2023, a Omega Healthcare Investors registrou investimentos imobiliários totais de US $ 9,47 bilhões. Os custos de aquisição de propriedades da empresa incluem:

Tipo de propriedade	Investimento total	Custo médio por propriedade
Instalações de enfermagem qualificadas	US $ 6,82 bilhões	US $ 22,3 milhões
Instalações de vida assistida	US $ 2,65 bilhões	US $ 18,7 milhões

Custos de manutenção e renovação

As despesas anuais de manutenção para os investidores da Omega Healthcare em 2023 totalizaram US $ 187,4 milhões, com a seguinte quebra:

• Manutenção de rotina: US $ 103,6 milhões
• Principais projetos de renovação: US $ 53,8 milhões
• Atualizações de infraestrutura: US $ 30 milhões

Gestão e sobrecarga operacional

Os custos operacionais da empresa em 2023 incluíram:

Categoria de despesa	Custo anual
Compensação executiva	US $ 12,3 milhões
Salários dos funcionários	US $ 45,6 milhões
Despesas administrativas	US $ 22,1 milhões

Despesas de due diligence de investimento

Custos totais de due diligence para 2023: US $ 8,7 milhões

• Revisão legal e financeira: US $ 4,2 milhões
• Inspeção e avaliação de propriedades: US $ 2,5 milhões
• Pesquisa de mercado: US $ 2 milhões

Custos regulatórios de conformidade e relatório

As despesas relacionadas à conformidade em 2023 totalizaram US $ 6,9 milhões:

Área de conformidade	Despesas anuais
Relatórios regulatórios	US $ 3,4 milhões
Taxas de auditoria externas	US $ 2,1 milhões
Treinamento de conformidade	US $ 1,4 milhão

Omega Healthcare Investors, Inc. (OHI) - Modelo de negócios: fluxos de receita

Receita de aluguel de propriedades de saúde

A partir do terceiro trimestre de 2023, os investidores da Omega Healthcare relataram US $ 222,4 milhões na receita total de aluguel. O portfólio consiste em 941 Instalações de saúde entre 41 estados.

Tipo de propriedade	Número de instalações	Renda de aluguel
Instalações de enfermagem qualificadas	697	US $ 165,3 milhões
Instalações de vida assistida	144	US $ 37,6 milhões
Outras propriedades de saúde	100	US $ 19,5 milhões

Pagamentos de arrendamento de operadores de instalações

Taxa média de cobertura de arrendamento: 1.25x. Renda total do arrendamento para 2023: US $ 267,8 milhões.

Apreciação de capital de ativos imobiliários

Valor total do portfólio imobiliário: US $ 9,2 bilhões. Taxa anual de valorização imobiliária: 3.7%.

Distribuições de dividendos aos acionistas

Rendimento de dividendos: 8.92%. Dividendos totais pagos em 2023: US $ 604,5 milhões.

Período de dividendos	Dividendo por ação	Distribuição total de dividendos
Q1 2023	$0.67	US $ 151,1 milhões
Q2 2023	$0.67	US $ 151,1 milhões
Q3 2023	$0.67	US $ 151,1 milhões
Q4 2023	$0.67	US $ 151,1 milhões

Taxas de gerenciamento de investimentos

Receita de taxa de gerenciamento de investimentos: US $ 12,3 milhões para 2023.

• Estrutura de taxas com base no total de ativos sob gerenciamento
• Taxa de gerenciamento típica: 1.2% do valor total do portfólio
• Taxas adicionais baseadas em desempenho: US $ 2,1 milhões

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.