Omega Healthcare Investors, Inc. (OHI) Stock

Omega Healthcare Investors, Inc. (OHI) is a Real Estate stock trading at $46.59 (as of 2026-08-21), with a market capitalization of $14.12B and a trailing P/E of 16.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Omega Healthcare Investors, Inc. is a real estate investment trust that holds investments in the long-term healthcare sector, with a focus on skilled nursing and assisted living facilities. Its properties are operated by third-party healthcare companies, largely under a triple-net lease structure, with assets in the United States and the United Kingdom.

Understand Omega Healthcare Investors, Inc.: how it makes money

Omega Healthcare Investors (OHI) owns real estate in the long-term healthcare industry, primarily skilled nursing and assisted living facilities, and earns money mainly from leasing these properties to healthcare operators under a predominantly triple-net structure.

Because OHI uses a predominantly triple-net lease structure with healthcare operators, its profit model is structurally tied to tenant-backed real estate cash flows, which makes portfolio occupancy (and the health of the operators that run the facilities) a central driver of results.

Business quality (Strong): A simple REIT structure focused on long-term healthcare real estate, where operating performance is closely linked to core portfolio occupancy and tenant stability, but the model also depends on the underlying healthcare operators and ongoing ability to acquire or reposition properties.

Valuation: At 23× earnings, OHI trades 31% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

Long-duration healthcare real estate focus: The portfolio is concentrated in skilled nursing and assisted living facilities, which are explicitly targeted as long-term healthcare assets.
Occupancy is a clear operating lever: OHI reports Core Portfolio Occupancy (80.8%), giving investors a direct read on how much of the core portfolio is currently leased.
Predominantly triple-net lease structure: With assets operated by healthcare companies primarily under triple-net leases, rent collection from operators is the core link between asset performance and earnings.

Bear case

Operator and facility performance risk: Because facilities are leased to healthcare operators, stress in the operators that run the properties can pose a risk to lease-backed cash flows.
Occupancy volatility risk: If Core Portfolio Occupancy declines from current levels, it can directly pressure results in a model where leased space matters.
Transaction and deployment risk: Growth depends on completing new investments and managing dispositions, so execution and market conditions can affect investment volumes.

Valuation — source: SEC EDGAR (first-party)
Price	$46.59
Market Cap	$14.12B
P/E Ratio	16.4
EV / EBITDA	11.8
Price / Book	2.50
Price / Sales	11.01
DCF Value (model)	$64.62
DCF Upside vs Price	38.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.19B
Net Margin	49.6%
Revenue Growth (YoY)	16.2%
EPS Growth (YoY)	163.0%

Valuation vs Sector & Industry
Stock P/E	16.4
Sector P/E (Real Estate)	27.2
Industry P/E (Trading)	35.3
vs Sector	-39.5%
vs Industry	-53.4%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($1.87B)
Institutional Holders Tracked	10
Congressional Trades (recent)	3

Company
Sector	Real Estate
Industry	Trading
CEO	C. Taylor Pickett
Employees	60
Country	US
IPO Date	1992-08-07

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.