Omega Reports Third Quarter 2026 Results and Recent Developments
Q3 AFFO $0.82/sh vs $0.79 y/y; FY26 AFFO guidance midpoint raised 5c to $3.29; $946M invested since quarter-end.
What this release says
Omega reported Q3 2026 net income of $87 million and AFFO of $0.82 per diluted share, up from $0.79 a year earlier, with FAD per share also higher. The company raised its full-year AFFO guidance midpoint by five cents to $3.29 and reports leverage at its lowest level in company history. For shareholders, the larger share count and new investments are the key variables to watch.
Key figures
- Q3 net income
- $87 million
- Q3 AFFO per diluted share
- $0.82
- Q3 FAD per diluted share
- $0.78
- Year-to-date investments
- approximately $1.5 billion
- Since quarter-end investments
- $946 million
- Gross proceeds from share issuance
- $234 million
Positive for shareholders
- AFFO and FAD per share both grew year over year in the quarter.
- Leverage was reduced to the lowest level in the company's history.
- The full-year AFFO guidance midpoint was raised by five cents to $3.29.
- Genesis repaid $149.5 million of DIP and term loans in October 2026.
Negative for shareholders
- The weighted-average share count rose to 321 million from 308 million, which dilutes per-share results.
- Issuing 4.7 million shares for $234 million added new equity to the company.
- Paying a $90 million termination fee to the prior operator of the Florida facilities is a notable cost.
- Converting U.K. leases to RIDEA structures involved $48 million of purchase consideration largely paid to end existing leases.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- AFFO:
- Adjusted Funds From Operations, a REIT cash earnings measure that strips out non-cash and one-time items from Nareit FFO.
- FAD:
- Funds Available for Distribution, a measure of cash available to pay dividends after removing non-cash items such as straight-line rent.
- RIDEA:
- A structure where the owner takes on operating economics of a senior living facility through a manager rather than collecting fixed rent from a tenant operator.
- DIP loan:
- Debtor-in-possession financing, a loan made to a company during Chapter 11 bankruptcy to fund its operations.
FAQ
How much did Omega's AFFO per share change in Q3 2026?
Omega reported AFFO of $0.82 per diluted share for Q3 2026, compared with $0.79 in the third quarter of 2025.
Did Omega change its full-year 2026 guidance?
Yes, the company raised the midpoint of its AFFO guidance by five cents to $3.29.
What happened with the Genesis bankruptcy for Omega?
In October 2026 the Genesis bankruptcy sale was finalized, Omega's master lease was assumed and assigned to NewGen affiliates, and Omega received $149.5 million in loan repayments.
Historical context for OHI
Across the 21 sessions after earlier OHI headlines, the stock closed higher 13 times and lower 7 times, with a median move of 1.5% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | OHI | SPY |
|---|---|---|---|
| Oct 26, 2026 | Omega Announces Quarterly Dividend | +1.7% | +0.7% |
| Oct 22, 2026 | Omega Health upgraded by Citizens with a new price target | +4.2% | -1.2% |
| Sep 18, 2026 | Omega Announces Third Quarter Earnings Release Date and Conference Call | -1.5% | -0.1% |
| Jul 30, 2026 | Omega Reports Second Quarter 2026 Results and Recent Developments | -1.9% | +1.7% |
| Jul 24, 2026 | Omega Announces Increase in Quarterly Dividend | +1.5% | +0.1% |
| Jul 7, 2026 | Barclays initiated coverage on Omega Health with a new price target | +1.2% | -0.5% |
- Market cap
- 30-day
- Sector
- Real Estate
- Industry
- Real Estate Investment Trusts
- Listed since
- 1992
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