Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

November 3, 2023

10-Q: Quarterly report pursuant to Section 13 or 15(d)

Published on November 3, 2023

http://fasb.org/us-gaap/2023#OperatingLeaseLeaseIncomehttp://fasb.org/us-gaap/2023#OperatingLeaseLeaseIncomehttp://fasb.org/us-gaap/2023#OperatingLeaseLeaseIncome0000888491--12-31Q3falsefalsefalsefalsefalse00002342520002449890009900000100000010000001500000015000000truehttp://fasb.org/us-gaap/2023#OperatingLeaseLeaseIncomeP4YP4Y00000888491us-gaap:CommonStockMember2023-07-012023-09-300000888491us-gaap:CommonStockMember2022-07-012022-09-300000888491us-gaap:CommonStockMember2022-01-012022-09-300000888491us-gaap:CommonStockMember2023-01-012023-09-300000888491ohi:DividendReinvestmentAndCommonStockPurchasePlanMember2023-07-012023-09-300000888491ohi:DividendReinvestmentAndCommonStockPurchasePlanMember2023-01-012023-09-300000888491ohi:DividendReinvestmentAndCommonStockPurchasePlanMember2022-07-012022-09-300000888491ohi:DividendReinvestmentAndCommonStockPurchasePlanMember2022-01-012022-09-300000888491us-gaap:RetainedEarningsMember2023-09-300000888491us-gaap:ParentMember2023-09-300000888491us-gaap:NoncontrollingInterestMember2023-09-300000888491us-gaap:CommonStockMember2023-09-300000888491us-gaap:AdditionalPaidInCapitalMember2023-09-300000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-09-300000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2023-09-300000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-09-300000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2023-09-300000888491us-gaap:RetainedEarningsMember2023-06-300000888491us-gaap:ParentMember2023-06-300000888491us-gaap:NoncontrollingInterestMember2023-06-300000888491us-gaap:CommonStockMember2023-06-300000888491us-gaap:AdditionalPaidInCapitalMember2023-06-300000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-06-300000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2023-06-300000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-06-300000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2023-06-3000008884912023-06-300000888491us-gaap:RetainedEarningsMember2022-12-310000888491us-gaap:ParentMember2022-12-310000888491us-gaap:NoncontrollingInterestMember2022-12-310000888491us-gaap:CommonStockMember2022-12-310000888491us-gaap:AdditionalPaidInCapitalMember2022-12-310000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-12-310000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-12-310000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-12-310000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2022-12-310000888491us-gaap:RetainedEarningsMember2022-09-300000888491us-gaap:ParentMember2022-09-300000888491us-gaap:NoncontrollingInterestMember2022-09-300000888491us-gaap:CommonStockMember2022-09-300000888491us-gaap:AdditionalPaidInCapitalMember2022-09-300000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-09-300000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-09-300000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-09-300000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2022-09-300000888491us-gaap:RetainedEarningsMember2022-06-300000888491us-gaap:ParentMember2022-06-300000888491us-gaap:NoncontrollingInterestMember2022-06-300000888491us-gaap:CommonStockMember2022-06-300000888491us-gaap:AdditionalPaidInCapitalMember2022-06-300000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-06-300000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-06-300000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-06-300000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2022-06-3000008884912022-06-300000888491us-gaap:RetainedEarningsMember2021-12-310000888491us-gaap:ParentMember2021-12-310000888491us-gaap:NoncontrollingInterestMember2021-12-310000888491us-gaap:CommonStockMember2021-12-310000888491us-gaap:AdditionalPaidInCapitalMember2021-12-310000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-12-310000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2021-12-310000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-12-310000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2021-12-310000888491srt:DirectorMemberus-gaap:RestrictedStockUnitsRSUMember2023-06-300000888491srt:DirectorMemberohi:TimeBasedProfitInterestUnitsMember2023-06-300000888491ohi:CertainOfficersAndKeyEmployeesMemberohi:TimeBasedProfitInterestUnitsMember2023-03-310000888491ohi:CertainOfficersAndKeyEmployeesMemberohi:PerformanceBasedProfitInterestUnitsMember2023-03-310000888491us-gaap:PerformanceSharesMember2023-03-310000888491ohi:CertainOfficersAndKeyEmployeesMemberohi:TimeBasedProfitInterestUnitsMember2023-01-012023-03-310000888491ohi:PerformanceBasedProfitInterestUnitsMember2023-01-012023-03-310000888491ohi:GuardianMember2023-09-300000888491us-gaap:SecuredDebtMember2023-09-300000888491ohi:FacilitiesCoveredByMortgagesMemberohi:SevenHudMortgagesMember2023-08-300000888491ohi:TermLoanMaturity2024Memberus-gaap:SecuredDebtMember2022-12-310000888491ohi:TermLoanMaturity2023Memberus-gaap:SecuredDebtMember2022-12-310000888491ohi:HudMortgageAssumedMemberus-gaap:SecuredDebtMember2022-12-310000888491us-gaap:SecuredDebtMember2022-12-310000888491ohi:HudMortgageAssumedMemberus-gaap:AssetPledgedAsCollateralMember2023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingOneMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2023-01-012023-09-300000888491ohi:NewManagerOfGulfCoastFacilitiesMemberohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:WorkingCapitalLoansMember2022-01-012022-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:OtherInvestmentNoteDue2025WorkingCapitalLoanMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingOneMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingFiveMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFiveMember2022-01-012022-09-300000888491us-gaap:RetainedEarningsMember2023-07-012023-09-300000888491us-gaap:RetainedEarningsMember2023-01-012023-09-300000888491us-gaap:RetainedEarningsMember2022-07-012022-09-300000888491us-gaap:RetainedEarningsMember2022-01-012022-09-300000888491ohi:GuardianMemberohi:OneOfSixFacilitiesMember2023-04-012023-06-300000888491ohi:FourFacilitiesPreviouslySubjectToMortgageFinancingFromEntityMemberohi:MortgageNoteDue2031Member2023-04-012023-06-300000888491ohi:ConsulateHealthCareMemberohi:ElevenFacilitiesMember2022-12-012022-12-310000888491us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:ForwardContractsMember2023-05-302023-05-300000888491stpr:VA2023-04-012023-06-300000888491ohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMember2022-12-310000888491ohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMember2021-04-300000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-09-300000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-300000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-07-012023-09-300000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2023-07-012023-09-300000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-300000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2023-01-012023-09-300000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-07-012022-09-300000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-07-012022-09-300000888491us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-300000888491us-gaap:AccumulatedGainLossCashFlowHedgeIncludingNoncontrollingInterestMember2022-01-012022-09-300000888491us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:ForwardContractsMember2021-03-012021-03-310000888491us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:ForwardContractsMember2020-10-012020-10-310000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-07-012023-09-300000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-300000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-07-012022-09-300000888491us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-300000888491us-gaap:IndemnificationGuaranteeMember2023-09-300000888491stpr:VA2023-06-300000888491us-gaap:ForeignCountryMember2023-01-012023-09-300000888491us-gaap:ForeignCountryMember2023-09-300000888491ohi:TaxableReitSubsidiariesMember2023-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-07-012023-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-01-012023-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-04-012023-06-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-01-012023-06-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-04-012022-06-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-01-012022-06-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2023-01-012023-09-300000888491ohi:GulfCoastLlcMemberohi:OffBalanceSheetFinancingReceivableSegmentNoteCommitmentMember2022-04-012022-06-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2022-01-012022-09-300000888491ohi:ConsulateHealthCareMemberohi:FacilitiesPreviouslySubjectToMasterLeaseMemberus-gaap:SubsequentEventMember2023-12-310000888491ohi:ConsulateHealthCareMemberohi:FacilitiesLeasedAndHeldForSaleAndSubsequentlySoldMember2023-11-300000888491ohi:FacilitiesAcquiredByOperatorMemberstpr:PAus-gaap:SubsequentEventMember2023-10-310000888491ohi:FacilitiesAcquiredMemberus-gaap:SubsequentEventMember2023-10-310000888491ohi:FacilitiesRelatedToJointVentureMemberohi:TermLoanMaturity2024Memberus-gaap:SecuredDebtMemberohi:AssistedLivingFacilitiesMember2023-09-300000888491ohi:GuardianMemberohi:FacilitiesSoldMemberohi:OneOfSixFacilitiesMember2023-09-300000888491ohi:FacilitiesTransitionedToOtherOperatorsMemberohi:OperatorTwoMemberohi:FourteenOfFortyEightFacilitiesMember2023-09-300000888491ohi:FacilitiesTransitionedToOperatorsMemberohi:OperatorTwoMemberohi:FourteenOfFortyEightFacilitiesMember2023-09-300000888491ohi:FacilitiesSoldMemberohi:ThirtyFiveOfThirtySevenFacilitiesMemberohi:SkilledNursingFacilitiesMember2023-09-300000888491ohi:FacilitiesSoldMemberohi:OneOfThirtySevenFacilitiesMemberohi:MedicalOfficeBuildingMember2023-09-300000888491ohi:FacilitiesSoldMemberohi:OneOfThirtySevenFacilitiesMemberohi:IndependentLivingFacilitiesMember2023-09-300000888491ohi:FacilitiesBeingTransitionedToOtherOperatorMemberohi:OperatorThreeMemberohi:TwentyOfFortyEightFacilitiesMember2023-09-300000888491ohi:FacilitiesAcquiredMemberstpr:VAohi:SkilledNursingFacilitiesMember2023-09-300000888491ohi:FacilitiesAcquiredMembercountry:GBohi:AssistedLivingFacilitiesMember2023-09-300000888491ohi:FacilitiesWithImpairmentChargesMemberohi:TwentyFiveFacilitiesMember2023-09-300000888491ohi:FacilitiesWithImpairmentChargesMemberohi:NineteenFacilitiesMember2023-09-300000888491ohi:FacilitiesWithImpairmentChargesHeldForUseMemberohi:TwentyThreeOfTwentyFiveFacilitiesMember2023-09-300000888491ohi:FacilitiesWithImpairmentChargesHeldForUseAndLaterClosedMemberohi:ThreeOfTwentyThreeFacilitiesMember2023-09-300000888491ohi:FacilitiesWithImpairmentChargesAndClassifiedToAssetsHeldForSaleMemberohi:TwoOfTwentyFiveFacilitiesMember2023-09-300000888491ohi:FacilitiesUnderFixedRateMortgageLoansMemberohi:SpecialtyMember2023-09-300000888491ohi:FacilitiesUnderFixedRateMortgageLoansMemberohi:SkilledNursingFacilitiesMember2023-09-300000888491ohi:FacilitiesUnderFixedRateMortgageLoansMemberohi:AssistedLivingFacilitiesMember2023-09-300000888491ohi:FacilitiesSoldMemberohi:TwentyFiveFacilitiesMember2023-09-300000888491ohi:FacilitiesSoldMemberohi:ThirtySevenFacilitiesMember2023-09-300000888491ohi:FacilitiesSoldMemberohi:SkilledNursingFacilitiesMember2023-09-300000888491ohi:FacilitiesLeasedMemberohi:SpecialtyFacilityMember2023-09-300000888491ohi:FacilitiesLeasedMemberohi:SkilledNursingFacilitiesMember2023-09-300000888491ohi:FacilitiesLeasedMemberohi:MedicalOfficeBuildingMember2023-09-300000888491ohi:FacilitiesLeasedMemberohi:IndependentLivingFacilitiesMember2023-09-300000888491ohi:FacilitiesLeasedMemberohi:AssistedLivingFacilitiesMember2023-09-300000888491ohi:FacilitiesAcquiredMemberohi:SkilledNursingFacilitiesMember2023-09-300000888491ohi:FacilitiesAcquiredMemberohi:AssistedLivingFacilitiesMember2023-09-300000888491ohi:ConsulateHealthCareMemberohi:FacilitiesSoldMember2023-09-300000888491ohi:ConsulateHealthCareMemberohi:FacilitiesPreviouslySubjectToMasterLeaseMember2023-09-300000888491ohi:SpecialtyMember2023-09-300000888491ohi:SkilledNursingFacilitiesMember2023-09-300000888491ohi:MedicalOfficeBuildingMember2023-09-300000888491ohi:IndependentLivingFacilitiesMember2023-09-300000888491ohi:FacilitiesUnderFixedRateMortgageLoansMember2023-09-300000888491ohi:FacilitiesTransitionedFrom4CashBasisOperatorsTo5OperatorsMember2023-09-300000888491ohi:FacilitiesHeldForSaleMember2023-09-300000888491ohi:FacilitiesClassifiedToAssetHeldForSaleMember2023-09-300000888491ohi:AssistedLivingFacilitiesMember2023-09-300000888491ohi:FacilitiesAcquiredReleasedFromEatMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberohi:FourOfSevenFacilitiesMemberohi:ExchangeAccommodationTitleholdersMember2023-06-300000888491ohi:GuardianMemberohi:FacilitiesSoldMemberohi:OneOfSixFacilitiesMember2023-06-300000888491ohi:GuardianMemberohi:FacilitiesSoldMemberohi:FiveOfSixFacilitiesMember2023-06-300000888491ohi:FacilitiesAcquiredMemberstpr:WVohi:SkilledNursingFacilitiesMember2023-06-300000888491ohi:FacilitiesAcquiredMemberohi:WestVirginiaTwoMemberohi:SkilledNursingFacilitiesMember2023-06-300000888491ohi:ConsulateHealthCareMemberohi:FacilitiesBeingTransitionedToOtherOperatorMember2023-06-300000888491ohi:FourFacilitiesPreviouslySubjectToMortgageFinancingFromEntityMember2023-06-300000888491ohi:FacilitiesAcquiredByOperatorRelatedToOtherRealEstateLoansMember2023-06-300000888491ohi:FacilitiesAcquiredByOperatorRelatedToOtherRealEstateLoansMember2023-04-140000888491ohi:FacilitiesAcquiredMembercountry:GBohi:AssistedLivingFacilitiesMember2023-03-310000888491ohi:FacilitiesAcquiredAcquisitionCompletedMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberohi:ThreeOfSevenFacilitiesMemberohi:ExchangeAccommodationTitleholdersMember2022-12-310000888491ohi:FacilitiesAcquiredMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberohi:ExchangeAccommodationTitleholdersMember2022-12-310000888491ohi:FacilitiesCoveredByMortgageAndUsedAsCollateralMemberohi:NotesReceivable104.8MillionNoteMember2022-12-310000888491ohi:FacilitiesHeldForSaleMember2022-12-310000888491ohi:FacilitiesWithImpairmentChargesMemberohi:TenFacilitiesMember2022-09-300000888491ohi:FacilitiesWithImpairmentChargesMemberohi:FourFacilitiesMember2022-09-300000888491ohi:FacilitiesWithImpairmentChargesHeldForUseMemberohi:EightOfTenFacilitiesMember2022-09-300000888491ohi:FacilitiesWithImpairmentChargesAndClassifiedToAssetsHeldForSaleMemberohi:TwoOfTenFacilitiesMember2022-09-300000888491ohi:GulfCoastLlcMemberohi:FacilitiesSoldMemberohi:TwentyTwoFacilitiesMember2022-03-310000888491ohi:SeniorNotesDue2033Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2033Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2031Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2031Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2029Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2029Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2028Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2028Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2027Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2027Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2026Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2026Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2025Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2025Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2024Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2024Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:SeniorNotesDue2033Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2033Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2031Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2031Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2029Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2029Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2028Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2028Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2027Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2027Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2026Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2026Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2025Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2025Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2024Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2024Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2023Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:SeniorNotesDue2023Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:OHIHealthcarePropertiesLimitedPartnershipMember2023-09-300000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-300000888491us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-300000888491ohi:HudMortgageAssumedMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:HudMortgageAssumedMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:HudMortgageAssumedMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:HudMortgageAssumedMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:Note2028MezzanineMember2023-04-012023-06-300000888491us-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2023-06-300000888491us-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2021-04-300000888491us-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2023-09-300000888491us-gaap:RevolvingCreditFacilityMemberohi:RevolvingCreditFacilityDue2025Memberus-gaap:UnsecuredDebtMember2022-12-310000888491ohi:AgemoHoldingsLlcMember2022-01-012022-12-310000888491us-gaap:ScenarioPlanMemberohi:WorkingCapitalLoansMember2024-06-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivable82Point2MillionDue2036Member2023-09-300000888491ohi:AgemoHoldingsLlcMemberohi:NotesReceivableDueLoanMember2023-09-300000888491ohi:AgemoHoldingsLlcMemberohi:NotesReceivableDueLoanBMember2023-09-300000888491srt:MaximumMemberohi:WorkingCapitalLoansMember2023-06-300000888491ohi:WvPharmHoldingsLlcInvestmentMemberohi:WorkingCapitalLoans3.3MillionMember2023-06-300000888491ohi:GuardianMemberohi:OneFacilityMember2023-06-300000888491stpr:WV2023-06-300000888491ohi:OmgFormSeniorHoldingsLlcInvestmentMember2023-06-300000888491ohi:RcaNhHoldingsReCoLlcInvestmentMemberohi:OtherRealEstateLoans6.6MillionPrincipalMember2023-04-140000888491ohi:Note2029MezzanineMember2023-04-140000888491ohi:Note2028MezzanineMember2023-04-140000888491ohi:MaplewoodRealEstateHoldingsMemberohi:OtherRealEstateLoansDue2035Member2023-03-310000888491ohi:MaplewoodRealEstateHoldingsMemberohi:OtherRealEstateLoansDue2030Member2022-12-310000888491ohi:ConsulateHealthCareMemberohi:NotesReceivableDue8.3MillionTermLoanMember2022-12-310000888491ohi:ConsulateHealthCareMemberohi:NotesReceivableDue25MillionTermLoanMember2022-12-310000888491ohi:NewManagerOfGulfCoastFacilitiesMemberohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:WorkingCapitalLoansMember2022-09-300000888491ohi:AgemoHoldingsLlcMemberohi:NotesReceivable82Point2MillionDue2036Member2023-09-300000888491ohi:Note2028MezzanineMember2023-06-300000888491ohi:OtherRealEstateLoans68.0MillionPrincipalMember2023-04-140000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersrt:ScenarioForecastMemberohi:NotesReceivable82Point2MillionDue2036Member2024-11-010000888491ohi:OtherRealEstateLoansDue2028Memberus-gaap:SubsequentEventMember2023-10-310000888491ohi:GreaterThan45MillionMemberus-gaap:ScenarioPlanMemberohi:NotesReceivableDue2024Member2023-10-160000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivableDue2036At5.63PercentMember2023-09-300000888491srt:WeightedAverageMemberohi:OtherRealEstateLoansOtherInterestOf12.00PercentMember2023-09-300000888491srt:WeightedAverageMemberohi:OtherRealEstateLoansDue2024Member2023-09-300000888491srt:WeightedAverageMemberohi:OtherRealEstateLoansDue20232030Member2023-09-300000888491srt:WeightedAverageMemberohi:OtherMortgageNotesMember2023-09-300000888491srt:WeightedAverageMemberohi:NotesReceivableOtherNoteMember2023-09-300000888491srt:WeightedAverageMemberohi:NotesReceivableDue2024Member2023-09-300000888491srt:WeightedAverageMemberohi:NotesReceivableDue2023Through2029Member2023-09-300000888491srt:WeightedAverageMemberohi:MortgageNoteDue2030Member2023-09-300000888491ohi:LessThan45MillionMemberohi:NotesReceivableDue2024Member2023-09-300000888491ohi:GreaterThan45MillionMemberohi:NotesReceivableDue2024Member2023-09-300000888491ohi:NotesReceivableDue2027Member2023-09-300000888491ohi:MortgageNoteDue2031Member2023-09-300000888491ohi:WorkingCapitalLoansMember2023-06-300000888491ohi:OtherInvestmentMezzanineLoanMember2023-06-300000888491ohi:Note2029MezzanineMember2023-06-300000888491ohi:OtherRealEstateLoans6.6And68.0And15.0MillionPrincipalOneAnd15.0MillionPrincipalTwoMemberohi:BlendedInterestRateMember2023-04-140000888491ohi:OtherRealEstateLoans6.6MillionPrincipalMember2023-04-140000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivable82Point2MillionDue2036Member2023-03-310000888491ohi:ConsulateHealthCareMemberohi:NotesReceivableDue2036At2.00PercentMember2023-01-310000888491ohi:MaplewoodRealEstateHoldingsMemberohi:OtherRealEstateLoansDue2035Member2022-06-220000888491ohi:NotesReceivableDue2024Member2019-07-080000888491ohi:MortgageReceivablesAndOtherRealEstateLoansMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberus-gaap:MortgageReceivablesMember2023-07-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberus-gaap:LoansReceivableMember2023-07-012023-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-07-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMember2023-07-012023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMember2023-07-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberus-gaap:MortgageReceivablesMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberus-gaap:LoansReceivableMember2023-01-012023-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-01-012023-09-300000888491ohi:MaplewoodRealEstateHoldingsMemberohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:OtherRealEstateLoansDue2035Member2023-01-012023-03-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberus-gaap:MortgageReceivablesMember2022-07-012022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberus-gaap:LoansReceivableMember2022-07-012022-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-07-012022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMember2022-07-012022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMember2022-07-012022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberus-gaap:MortgageReceivablesMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberus-gaap:LoansReceivableMember2022-01-012022-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-01-012022-09-3000008884912023-05-252023-05-250000888491ohi:SecondSpringHealthcareInvestmentsMember2023-07-012023-09-300000888491ohi:OmgSeniorHousingLlcMember2023-07-012023-09-300000888491ohi:OmgFormSeniorHoldingsLlcInvestmentMember2023-07-012023-09-300000888491ohi:OhChsSnpIncMember2023-07-012023-09-300000888491ohi:LakewayRealtyLLCMember2023-07-012023-09-300000888491ohi:CindatIcePortfolioJvGpLimitedMember2023-07-012023-09-300000888491ohi:SecondSpringHealthcareInvestmentsMember2023-01-012023-09-300000888491ohi:OmgSeniorHousingLlcMember2023-01-012023-09-300000888491ohi:OmgFormSeniorHoldingsLlcInvestmentMember2023-01-012023-09-300000888491ohi:LakewayRealtyLLCMember2023-01-012023-09-300000888491ohi:CindatIcePortfolioJvGpLimitedMember2023-01-012023-09-300000888491ohi:SecondSpringHealthcareInvestmentsMember2022-07-012022-09-300000888491ohi:OmgSeniorHousingLlcMember2022-07-012022-09-300000888491ohi:OhChsSnpIncMember2022-07-012022-09-300000888491ohi:LakewayRealtyLLCMember2022-07-012022-09-300000888491ohi:CindatIcePortfolioJvGpLimitedMember2022-07-012022-09-300000888491ohi:SecondSpringTwoLimitedLiabilityCompanyMember2022-01-012022-09-300000888491ohi:SecondSpringHealthcareInvestmentsMember2022-01-012022-09-300000888491ohi:OmgSeniorHousingLlcMember2022-01-012022-09-300000888491ohi:OhChsSnpIncMember2022-01-012022-09-300000888491ohi:LakewayRealtyLLCMember2022-01-012022-09-300000888491ohi:CindatIcePortfolioJvGpLimitedMember2022-01-012022-09-300000888491ohi:NineteenFacilitiesMember2023-07-012023-09-300000888491ohi:FacilitiesWithImpairmentChargesHeldForUseMemberohi:TwentyThreeOfTwentyFiveFacilitiesMember2023-01-012023-09-300000888491ohi:FacilitiesWithImpairmentChargesAndClassifiedToAssetsHeldForSaleMemberohi:TwoOfTwentyFiveFacilitiesMember2023-01-012023-09-300000888491ohi:TwentyFiveFacilitiesMember2023-01-012023-09-300000888491ohi:ThreeOfTwentyThreeFacilitiesMember2023-01-012023-09-300000888491ohi:FacilitiesWithImpairmentChargesMemberohi:FourFacilitiesMember2022-07-012022-09-300000888491ohi:FacilitiesWithImpairmentChargesMemberohi:TenFacilitiesMember2022-01-012022-09-300000888491ohi:FacilitiesWithImpairmentChargesHeldForUseMemberohi:EightOfTenFacilitiesMember2022-01-012022-09-300000888491ohi:FacilitiesWithImpairmentChargesAndClassifiedToAssetsHeldForSaleMemberohi:TwoOfTenFacilitiesMember2022-01-012022-09-300000888491ohi:TwentyFiveFacilitiesMember2023-07-012023-09-300000888491ohi:ElevenFacilitiesMember2023-07-012023-09-300000888491ohi:GuardianMemberohi:FiveOfSixFacilitiesMember2023-04-012023-06-300000888491ohi:ThirtySevenFacilitiesMember2023-01-012023-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberohi:TwoFacilitiesMember2022-07-012022-09-300000888491ohi:GuardianMemberohi:NineFacilitiesMember2022-01-012022-06-300000888491ohi:GulfCoastLlcMemberohi:TwentyTwoFacilitiesMember2022-01-012022-03-310000888491us-gaap:AboveMarketLeasesMember2023-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivable82Point2MillionDue2036Member2023-07-012023-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivable82Point2MillionDue2036Member2023-01-012023-09-300000888491ohi:MaplewoodRealEstateHoldingsMemberohi:OtherRealEstateLoansDue2035Member2023-01-012023-03-310000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivable82Point2MillionDue2036Member2022-07-012022-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivable82Point2MillionDue2036Member2022-01-012022-09-300000888491ohi:FourFacilitiesPreviouslySubjectToMortgageFinancingFromEntityMemberohi:MortgageNoteDue2031Memberus-gaap:PrincipalForgivenessMember2023-04-012023-06-300000888491ohi:MortgageNoteDue2026Memberus-gaap:SubsequentEventMember2023-10-310000888491ohi:WorkingCapitalLoansMember2023-09-300000888491ohi:RcaNhHoldingsReCoLlcInvestmentAndWvPharmHoldingsLlcInvestmentMemberMember2023-09-300000888491ohi:OtherRealEstateLoansOtherMember2023-09-300000888491ohi:OtherRealEstateLoansDue2035Member2023-09-300000888491ohi:OtherRealEstateLoansDue2024Member2023-09-300000888491ohi:OtherRealEstateLoansDue20232030Member2023-09-300000888491ohi:OtherNotesMaturing2023Member2023-09-300000888491ohi:OtherMortgageNotesMember2023-09-300000888491ohi:NotesReceivableOtherNoteMember2023-09-300000888491ohi:NotesReceivableDue2036At5.63PercentMember2023-09-300000888491ohi:NotesReceivableDue2036At2.00PercentMember2023-09-300000888491ohi:NotesReceivableDue2023Through2029Member2023-09-300000888491ohi:MortgageNoteDue2037Member2023-09-300000888491ohi:MortgageNoteDue2030Member2023-09-300000888491ohi:MortgageNoteDue2025Member2023-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:AdditionalPrincipalDeferredRentWorkingCapitalMember2023-03-310000888491ohi:ElevenFacilitiesMemberohi:NotesReceivable104.8MillionNoteMember2022-12-310000888491ohi:OtherRealEstateLoansOtherMember2022-12-310000888491ohi:OtherRealEstateLoansDue2035Member2022-12-310000888491ohi:OtherRealEstateLoansDue2024Member2022-12-310000888491ohi:OtherRealEstateLoansDue20232030Member2022-12-310000888491ohi:OtherMortgageNotesMember2022-12-310000888491ohi:NotesReceivableOtherNoteMember2022-12-310000888491ohi:NotesReceivableDue2036At5.63PercentMember2022-12-310000888491ohi:NotesReceivableDue2036At2.00PercentMember2022-12-310000888491ohi:NotesReceivableDue2027Member2022-12-310000888491ohi:NotesReceivableDue2024Member2022-12-310000888491ohi:NotesReceivableDue2023Through2029Member2022-12-310000888491ohi:MortgageNoteDue2037Member2022-12-310000888491ohi:MortgageNoteDue2031Member2022-12-310000888491ohi:MortgageNoteDue2030Member2022-12-310000888491ohi:MortgageNoteDue2025Member2022-12-310000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivableDue2025WorkingCapitalMember2018-05-170000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivableDue2024TermLoanMember2016-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivableDueLoanBMember2023-01-012023-03-310000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:AdditionalPrincipalDeferredRentWorkingCapitalMember2023-01-012023-03-310000888491ohi:FourFacilitiesPreviouslySubjectToMortgageFinancingFromEntityMemberohi:MortgageNoteDue2031Member2023-06-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2023-09-300000888491us-gaap:LoansReceivableMember2023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2022-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2022-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2022-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingOneMember2022-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2022-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2022-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2022-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2022-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2022-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFiveMember2022-12-310000888491us-gaap:MortgageReceivablesMember2022-12-310000888491us-gaap:LoansReceivableMember2022-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMember2022-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMember2022-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingOneMember2022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingFiveMember2022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFiveMember2022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMember2022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMember2022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2021-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2021-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2021-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2021-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingFiveMember2021-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingTwoMember2021-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2021-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2021-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2021-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFiveMember2021-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMember2021-12-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMember2021-12-310000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMember2023-01-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFiveMember2023-01-012023-09-300000888491us-gaap:NotesReceivableMember2023-01-012023-09-300000888491ohi:SecondSpringHealthcareInvestmentsMemberohi:SkilledNursingFacilitiesMember2022-12-310000888491ohi:LakewayRealtyLLCMemberohi:SpecialtyMember2022-12-310000888491ohi:CindatIcePortfolioJvGpLimitedMemberohi:AssistedLivingFacilitiesMember2022-12-310000888491ohi:OhChsSnpIncMember2022-12-310000888491ohi:SecondSpringHealthcareInvestmentsMemberohi:SkilledNursingFacilitiesMember2023-09-300000888491ohi:RcaNhHoldingsReCoLlcInvestmentMemberohi:SkilledNursingFacilitiesMember2023-09-300000888491ohi:OmgSeniorHousingLlcMemberohi:SpecialtyFacilityMember2023-09-300000888491ohi:OmgFormSeniorHoldingsLlcInvestmentMemberohi:AssistedLivingFacilitiesMember2023-09-300000888491ohi:LakewayRealtyLLCMemberohi:SpecialtyMember2023-09-300000888491ohi:CindatIcePortfolioJvGpLimitedMemberohi:AssistedLivingFacilitiesMember2023-09-300000888491ohi:WvPharmHoldingsLlcInvestmentMember2023-09-300000888491ohi:OhChsSnpIncMember2023-09-300000888491ohi:ChsOhiInsightHoldingsLlcInvestmentMember2023-09-300000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2023-07-012023-09-300000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2023-01-012023-09-300000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2022-07-012022-09-300000888491us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2022-01-012022-09-300000888491ohi:InternalCreditRatingFiveMember2022-12-310000888491ohi:InternalCreditRatingFourMember2022-09-300000888491ohi:InternalCreditRatingThreeMember2021-12-310000888491ohi:InternalCreditRatingFiveMember2023-01-012023-09-300000888491ohi:InternalCreditRatingThreeMember2022-01-012022-09-300000888491ohi:InternalCreditRatingFourMember2022-01-012022-09-300000888491ohi:SeniorTermLoanDue2025Memberus-gaap:UnsecuredDebtMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2023-09-300000888491ohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2023-06-300000888491ohi:OmegaOpTermLoanMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-09-300000888491ohi:SeniorTermLoanDue2025Memberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-09-270000888491ohi:SeniorTermLoanDue2025Memberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-08-310000888491ohi:OmegaOpTermLoanMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-06-300000888491us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:ForwardContractsMember2020-10-012021-03-310000888491us-gaap:ForeignExchangeForwardMemberus-gaap:NetInvestmentHedgingMember2023-09-300000888491us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMemberus-gaap:ForwardContractsMember2020-03-310000888491ohi:GulfCoastLlcMember2021-10-310000888491us-gaap:RevolvingCreditFacilityMemberohi:RevolvingCreditFacilityDue2025Memberus-gaap:UnsecuredDebtMember2023-01-012023-09-300000888491srt:MinimumMemberohi:HudMortgageAssumedMember2023-01-012023-09-300000888491srt:MaximumMemberohi:HudMortgageAssumedMember2023-01-012023-09-300000888491ohi:TermLoanMaturity2024Memberus-gaap:SecuredDebtMember2023-01-012023-09-300000888491ohi:TermLoanMaturity2023Memberus-gaap:SecuredDebtMember2023-01-012023-09-300000888491ohi:SeniorTermLoanDue2025Memberus-gaap:UnsecuredDebtMember2023-01-012023-09-300000888491ohi:SeniorNotesDue2033Memberus-gaap:SeniorNotesMember2023-01-012023-09-300000888491ohi:SeniorNotesDue2031Memberus-gaap:SeniorNotesMember2023-01-012023-09-300000888491ohi:SeniorNotesDue2029Memberus-gaap:SeniorNotesMember2023-01-012023-09-300000888491ohi:SeniorNotesDue2028Memberus-gaap:SeniorNotesMember2023-01-012023-09-300000888491ohi:SeniorNotesDue2027Memberus-gaap:SeniorNotesMember2023-01-012023-09-300000888491ohi:SeniorNotesDue2026Memberus-gaap:SeniorNotesMember2023-01-012023-09-300000888491ohi:SeniorNotesDue2025Memberus-gaap:SeniorNotesMember2023-01-012023-09-300000888491ohi:SeniorNotesDue2024Memberus-gaap:SeniorNotesMember2023-01-012023-09-300000888491ohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMember2023-01-012023-09-300000888491ohi:SeniorNotesDue2023Memberus-gaap:SeniorNotesMember2022-01-012022-12-310000888491us-gaap:RevolvingCreditFacilityMemberohi:UnitedStatesDollarTrancheMemberus-gaap:UnsecuredDebtMember2023-09-300000888491us-gaap:RevolvingCreditFacilityMemberohi:RevolvingCreditFacilityDue2025Memberus-gaap:UnsecuredDebtMember2023-09-300000888491us-gaap:RevolvingCreditFacilityMemberohi:BritishPoundSterlingTrancheMemberus-gaap:UnsecuredDebtMember2023-09-300000888491ohi:TermLoanMaturity2024Memberus-gaap:SecuredDebtMember2023-09-300000888491ohi:HudMortgageAssumedMemberus-gaap:SecuredDebtMember2023-09-300000888491ohi:SeniorNotesDue2033Member2023-09-300000888491ohi:SeniorNotesDue2031Member2023-09-300000888491ohi:SeniorNotesDue2029Member2023-09-300000888491ohi:SeniorNotesDue2028Member2023-09-300000888491ohi:SeniorNotesDue2027Member2023-09-300000888491ohi:SeniorNotesDue2026Member2023-09-300000888491ohi:SeniorNotesDue2025Member2023-09-300000888491ohi:SeniorNotesDue2024Member2023-09-300000888491ohi:SeniorNotesDue2023Member2023-09-300000888491ohi:SeniorTermLoanDue2025Memberus-gaap:UnsecuredDebtMember2023-08-310000888491ohi:SeniorNotesDue2033Member2022-12-310000888491ohi:SeniorNotesDue2031Member2022-12-310000888491ohi:SeniorNotesDue2029Member2022-12-310000888491ohi:SeniorNotesDue2028Member2022-12-310000888491ohi:SeniorNotesDue2027Member2022-12-310000888491ohi:SeniorNotesDue2026Member2022-12-310000888491ohi:SeniorNotesDue2025Member2022-12-310000888491ohi:SeniorNotesDue2024Member2022-12-310000888491ohi:SeniorNotesDue2023Member2022-12-310000888491ohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMember2023-09-300000888491ohi:SeniorTermLoanDue2025Memberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-09-300000888491ohi:SeniorTermLoanDue2025Memberus-gaap:UnsecuredDebtMember2023-09-270000888491ohi:SeniorTermLoanDue2025Member2023-09-270000888491ohi:SeniorTermLoanDue2025Member2023-08-080000888491ohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMember2023-06-300000888491us-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2023-04-012023-06-300000888491ohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMember2023-04-012023-06-300000888491us-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2023-01-012023-03-310000888491ohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMember2023-01-012023-03-3100008884912022-01-012022-12-310000888491ohi:SeniorNotesDue2033Memberus-gaap:SeniorNotesMember2023-09-300000888491ohi:SeniorNotesDue2031Memberus-gaap:SeniorNotesMember2023-09-300000888491ohi:SeniorNotesDue2029Memberus-gaap:SeniorNotesMember2023-09-300000888491ohi:SeniorNotesDue2028Memberus-gaap:SeniorNotesMember2023-09-300000888491ohi:SeniorNotesDue2027Memberus-gaap:SeniorNotesMember2023-09-300000888491ohi:SeniorNotesDue2026Memberus-gaap:SeniorNotesMember2023-09-300000888491ohi:SeniorNotesDue2025Memberus-gaap:SeniorNotesMember2023-09-300000888491ohi:SeniorNotesDue2024Memberus-gaap:SeniorNotesMember2023-09-300000888491ohi:SeniorTermLoanDue2025Member2023-09-300000888491ohi:SeniorNotesDue2023Memberus-gaap:SeniorNotesMember2023-08-010000888491ohi:SeniorNotesDue2023Memberus-gaap:SeniorNotesMember2023-07-310000888491ohi:SeniorNotesDue2033Memberus-gaap:SeniorNotesMember2022-12-310000888491ohi:SeniorNotesDue2031Memberus-gaap:SeniorNotesMember2022-12-310000888491ohi:SeniorNotesDue2029Memberus-gaap:SeniorNotesMember2022-12-310000888491ohi:SeniorNotesDue2028Memberus-gaap:SeniorNotesMember2022-12-310000888491ohi:SeniorNotesDue2027Memberus-gaap:SeniorNotesMember2022-12-310000888491ohi:SeniorNotesDue2026Memberus-gaap:SeniorNotesMember2022-12-310000888491ohi:SeniorNotesDue2025Memberus-gaap:SeniorNotesMember2022-12-310000888491ohi:SeniorNotesDue2024Memberus-gaap:SeniorNotesMember2022-12-310000888491ohi:SeniorNotesDue2023Memberus-gaap:SeniorNotesMember2022-12-310000888491ohi:SeniorNotesDue2033Memberus-gaap:SeniorNotesMember2021-03-310000888491ohi:SeniorNotesDue2031Memberus-gaap:SeniorNotesMember2020-10-310000888491srt:MinimumMemberohi:SeniorTermLoanDue2025Memberus-gaap:UnsecuredDebtMember2023-08-082023-08-080000888491srt:MaximumMemberohi:SeniorTermLoanDue2025Memberus-gaap:UnsecuredDebtMember2023-08-082023-08-080000888491srt:MinimumMemberohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMember2023-06-012023-06-300000888491srt:MaximumMemberohi:OmegaOpTermLoanMemberus-gaap:UnsecuredDebtMember2023-06-012023-06-300000888491ohi:MaplewoodRealEstateHoldingsMemberohi:CapitalExpenditureCommittedMember2023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberus-gaap:LoansReceivableMember2023-09-300000888491ohi:LessorConstructionAndCapitalCommitmentsUnderLeaseAgreementsMember2023-09-300000888491ohi:ConstructionAndCapitalExpenditureMortgageLoanCommitmentsMember2023-09-300000888491us-gaap:NoncontrollingInterestMember2022-07-012022-09-300000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2023-07-012023-09-300000888491ohi:CommunicareHealthServicesIncMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2023-07-012023-09-300000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-09-300000888491us-gaap:AssetsTotalMemberus-gaap:ProductConcentrationRiskMemberohi:RealEstateInvestmentRelatedToLongTermHealthcareFacilitiesMember2023-01-012023-09-300000888491stpr:TXus-gaap:AssetsTotalMemberus-gaap:GeographicConcentrationRiskMember2023-01-012023-09-300000888491stpr:INus-gaap:AssetsTotalMemberus-gaap:GeographicConcentrationRiskMember2023-01-012023-09-300000888491stpr:FLus-gaap:AssetsTotalMemberus-gaap:GeographicConcentrationRiskMember2023-01-012023-09-300000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-09-300000888491ohi:HealthcareHomesLimitedMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-09-300000888491ohi:GuardianMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-09-300000888491ohi:EighteenOperatorsPlacedOnCashBasisMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-09-300000888491ohi:ConsulateHealthCareMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-09-300000888491ohi:CommunicareHealthServicesIncMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2023-01-012023-09-300000888491ohi:CommunicareHealthServicesIncMemberus-gaap:AssetsTotalMemberus-gaap:ProductConcentrationRiskMember2023-01-012023-09-300000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2022-07-012022-09-300000888491ohi:CommunicareHealthServicesIncMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2022-07-012022-09-300000888491ohi:OperatorTwoMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-12-310000888491ohi:OperatorThreeMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-12-310000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-09-300000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-09-300000888491ohi:HealthcareHomesLimitedMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-09-300000888491ohi:GuardianMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-09-300000888491ohi:EighteenOperatorsPlacedOnCashBasisMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-09-300000888491ohi:ConsulateHealthCareMemberus-gaap:SalesRevenueProductLineMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-09-300000888491ohi:CommunicareHealthServicesIncMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-09-3000008884912023-04-012023-06-3000008884912023-01-012023-03-3100008884912022-10-012022-12-310000888491us-gaap:AccountsPayableAndAccruedLiabilitiesMemberus-gaap:CashFlowHedgingMember2023-09-300000888491us-gaap:OtherAssetsMemberus-gaap:NetInvestmentHedgingMember2023-09-300000888491us-gaap:OtherAssetsMemberus-gaap:CashFlowHedgingMember2023-09-300000888491us-gaap:OtherAssetsMemberus-gaap:NetInvestmentHedgingMember2022-12-310000888491us-gaap:OtherAssetsMemberus-gaap:CashFlowHedgingMember2022-12-310000888491us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberohi:FourOfSevenFacilitiesMemberohi:ExchangeAccommodationTitleholdersMember2022-12-310000888491us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2023-09-300000888491us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-12-310000888491us-gaap:ParentMember2022-07-012022-09-300000888491us-gaap:AdditionalPaidInCapitalMember2022-07-012022-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:AssetPledgedAsCollateralWithRightMemberus-gaap:NotesPayableOtherPayablesMember2023-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberus-gaap:AssetPledgedAsCollateralWithRightMemberus-gaap:NotesPayableOtherPayablesMember2022-12-310000888491ohi:ElevenFacilitiesMember2022-12-310000888491us-gaap:NotesReceivableMember2023-09-300000888491us-gaap:NotesReceivableMember2022-12-310000888491us-gaap:ParentMember2023-07-012023-09-300000888491us-gaap:NoncontrollingInterestMember2023-07-012023-09-300000888491us-gaap:AdditionalPaidInCapitalMember2023-07-012023-09-300000888491us-gaap:ParentMember2023-01-012023-09-300000888491us-gaap:NoncontrollingInterestMember2023-01-012023-09-300000888491us-gaap:AdditionalPaidInCapitalMember2023-01-012023-09-300000888491us-gaap:ParentMember2022-01-012022-09-300000888491us-gaap:NoncontrollingInterestMember2022-01-012022-09-300000888491us-gaap:AdditionalPaidInCapitalMember2022-01-012022-09-3000008884912022-09-3000008884912021-12-310000888491ohi:FourteenOfFortyEightFacilitiesMember2023-01-012023-03-310000888491ohi:FacilitiesTransitionedToOperatorsMember2023-01-012023-09-300000888491ohi:FacilitiesTransitionedToOtherOperatorsMember2022-01-012022-09-300000888491ohi:MaplewoodRealEstateHoldingsMember2023-09-012023-09-300000888491ohi:MaplewoodRealEstateHoldingsMember2023-08-012023-08-310000888491ohi:MaplewoodRealEstateHoldingsMember2023-07-012023-07-310000888491ohi:MaplewoodRealEstateHoldingsMember2023-06-012023-06-300000888491us-gaap:UnsecuredDebtMember2023-09-300000888491us-gaap:UnsecuredDebtMember2022-12-310000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:SubsequentEventMember2023-10-012023-10-310000888491ohi:MaplewoodRealEstateHoldingsMember2023-07-012023-09-300000888491ohi:GuardianMember2023-07-012023-09-300000888491ohi:TermLoanMaturity2024Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:TermLoanMaturity2024Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:SeniorTermLoanDue2025Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491ohi:SeniorTermLoanDue2025Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491ohi:TermLoanMaturity2024Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:TermLoanMaturity2024Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:TermLoanMaturity2023Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491ohi:TermLoanMaturity2023Memberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-10-012022-12-310000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:ScenarioPlanMemberohi:OtherRealEstateLoansDue2035Member2023-01-012023-09-300000888491ohi:OtherRealEstateLoansDue2028Member2023-10-012023-10-310000888491ohi:MortgageNoteDue2026Member2023-10-012023-10-310000888491ohi:OtherRealEstateLoans68.0MillionPrincipalMember2023-04-142023-04-140000888491ohi:HealthcareHomesLimitedMembersrt:MaximumMember2023-04-300000888491ohi:CertainOfficersAndKeyEmployeesMemberohi:PerformanceBasedProfitInterestUnitsMember2023-01-012023-03-310000888491us-gaap:PerformanceSharesMember2023-01-012023-03-310000888491us-gaap:SubsequentEventMember2023-10-012023-10-310000888491stpr:VA2023-07-012023-09-300000888491country:GB2023-07-012023-09-300000888491stpr:WV2023-04-012023-06-300000888491ohi:WestVirginiaTwoMember2023-04-012023-06-300000888491country:GB2023-01-012023-03-310000888491us-gaap:SubsequentEventMember2023-10-310000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2022-01-012022-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMember2022-01-012022-09-300000888491ohi:ConsulateHealthCareMember2022-12-012022-12-310000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-07-012022-12-310000888491ohi:AgemoHoldingsLlcMemberohi:TwoFacilitiesMember2022-07-012022-09-300000888491ohi:FourFacilitiesMember2022-07-012022-09-300000888491ohi:FortyFourFacilitiesMember2022-01-012022-09-300000888491ohi:GuardianMemberohi:FacilitiesSoldMember2022-01-012022-06-300000888491us-gaap:LoansReceivableMember2023-01-012023-09-300000888491ohi:FacilitiesTransitionedToOperatorsMemberohi:FortyEightFacilitiesMember2023-01-012023-09-300000888491ohi:FacilitiesTransitionedFromOperatorsMemberohi:FortyEightFacilitiesMember2023-01-012023-09-300000888491ohi:OperatorPlacedOnCashBasisMember2023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMember2023-01-012023-09-300000888491us-gaap:MortgageReceivablesMember2023-09-300000888491ohi:ConsulateHealthCareMemberohi:FacilitiesSoldMemberus-gaap:SubsequentEventMember2023-12-310000888491us-gaap:MortgageReceivablesMember2023-01-012023-09-300000888491ohi:SevenHudMortgagesMember2023-07-012023-09-300000888491country:GB2023-01-012023-09-300000888491ohi:HudMortgageAssumedMember2023-09-300000888491ohi:OtherInvestmentMezzanineLoanMember2023-04-012023-06-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-09-302022-09-300000888491ohi:MaplewoodRealEstateHoldingsMember2023-01-012023-03-310000888491ohi:MaplewoodRealEstateHoldingsMember2022-10-012022-12-310000888491srt:MinimumMemberus-gaap:LoansReceivableMember2023-01-012023-09-300000888491srt:MinimumMemberohi:OtherRealEstateLoansDue20232030Member2023-01-012023-09-300000888491srt:MinimumMemberohi:OtherMortgageNotesMember2023-01-012023-09-300000888491srt:MinimumMemberohi:NotesReceivableOtherNoteMember2023-01-012023-09-300000888491srt:MinimumMemberohi:NotesReceivableDue2023Through2029Member2023-01-012023-09-300000888491srt:MaximumMemberus-gaap:LoansReceivableMember2023-01-012023-09-300000888491srt:MaximumMemberohi:OtherRealEstateLoansDue20232030Member2023-01-012023-09-300000888491srt:MaximumMemberohi:OtherMortgageNotesMember2023-01-012023-09-300000888491srt:MaximumMemberohi:NotesReceivableOtherNoteMember2023-01-012023-09-300000888491srt:MaximumMemberohi:NotesReceivableDue2023Through2029Member2023-01-012023-09-300000888491ohi:OtherRealEstateLoansDue2035Member2023-01-012023-09-300000888491ohi:OtherRealEstateLoansDue2024Member2023-01-012023-09-300000888491ohi:OtherNotes19.6MillionMember2023-01-012023-09-300000888491ohi:NotesReceivableDue2036At5.63PercentMember2023-01-012023-09-300000888491ohi:NotesReceivableDue2036At2.00PercentMember2023-01-012023-09-300000888491ohi:NotesReceivableDue2027Member2023-01-012023-09-300000888491ohi:NotesReceivableDue2024Member2023-01-012023-09-300000888491ohi:MortgageNoteDue2037Member2023-01-012023-09-300000888491ohi:MortgageNoteDue2031Member2023-01-012023-09-300000888491ohi:MortgageNoteDue2030Member2023-01-012023-09-300000888491ohi:MortgageNoteDue2025Member2023-01-012023-09-300000888491ohi:NotesReceivableDue2024Member2019-07-082019-07-080000888491ohi:GuardianMemberohi:OneFacilityMember2023-07-012023-09-300000888491ohi:GuardianMemberohi:OneFacilityMember2023-01-012023-09-300000888491ohi:ElevenFacilitiesMember2023-01-012023-09-300000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:ScenarioPlanMemberohi:OtherRealEstateLoansDue2035Member2025-01-012025-12-310000888491ohi:MaplewoodRealEstateHoldingsMembersrt:ScenarioForecastMemberohi:OtherRealEstateLoansDue2035Member2025-01-012025-12-310000888491ohi:MaplewoodRealEstateHoldingsMemberus-gaap:ScenarioPlanMemberohi:OtherRealEstateLoansDue2035Member2024-01-012024-12-310000888491ohi:MaplewoodRealEstateHoldingsMembersrt:ScenarioForecastMemberohi:OtherRealEstateLoansDue2035Member2024-01-012024-12-3100008884912022-12-310000888491srt:MinimumMemberus-gaap:IndemnificationGuaranteeMember2023-01-012023-09-300000888491srt:MaximumMemberus-gaap:IndemnificationGuaranteeMember2023-01-012023-09-300000888491ohi:EquityShelfProgram1BillionMember2023-07-012023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingOneMember2023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMemberohi:InternalCreditRatingFourMember2023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingThreeMember2023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingSixMember2023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMemberohi:InternalCreditRatingFiveMember2023-09-300000888491ohi:InvestmentTypeCharacteristicRealEstateRelatedLoansMember2023-09-300000888491ohi:InvestmentTypeCharacteristicNonRealEstateRelatedLoansMember2023-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivable82Point2MillionDue2036Member2023-09-300000888491ohi:MaplewoodRealEstateHoldingsMemberohi:OtherRealEstateLoansDue2035Member2023-09-300000888491ohi:ConsulateHealthCareMemberohi:NotesReceivableDue2036At2.00PercentMember2023-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivableDue2036At5.63PercentMember2023-07-012023-09-300000888491ohi:GuardianMemberohi:MortgageNoteDue2031Member2023-04-012023-06-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivableDue2036At5.63PercentMember2023-01-012023-09-300000888491ohi:ConsulateHealthCareMemberohi:NotesReceivableDue2036At2.00PercentMember2023-01-012023-09-300000888491ohi:GuardianMemberohi:MortgageNoteDue2031Member2023-01-012023-06-300000888491ohi:OtherRealEstateLoansTwoCurrentlyPastDueMember2023-09-300000888491ohi:OtherNotesThreeLoansPastDueMember2023-09-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivableDue2025WorkingCapitalMember2022-12-310000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:NotesReceivableDue2024TermLoanMember2022-12-310000888491ohi:NotesReceivableDue2024Member2023-10-150000888491ohi:NotesReceivableDue2024Member2023-09-300000888491ohi:FortyEightFacilitiesMemberus-gaap:ScenarioPlanMember2023-01-012023-09-300000888491ohi:SecondSpringHealthcareInvestmentsMemberohi:SkilledNursingFacilitiesMember2023-01-012023-09-300000888491ohi:RcaNhHoldingsReCoLlcInvestmentMemberohi:SkilledNursingFacilitiesMember2023-01-012023-09-300000888491ohi:OmgSeniorHousingLlcMemberohi:SpecialtyFacilityMember2023-01-012023-09-300000888491ohi:OmgFormSeniorHoldingsLlcInvestmentMemberohi:AssistedLivingFacilitiesMember2023-01-012023-09-300000888491ohi:LakewayRealtyLLCMemberohi:SpecialtyMember2023-01-012023-09-300000888491ohi:CindatIcePortfolioJvGpLimitedMemberohi:AssistedLivingFacilitiesMember2023-01-012023-09-300000888491ohi:WvPharmHoldingsLlcInvestmentMember2023-01-012023-09-300000888491ohi:OhChsSnpIncMember2023-01-012023-09-300000888491ohi:ChsOhiInsightHoldingsLlcInvestmentMember2023-01-012023-09-300000888491ohi:EquityShelfProgram1BillionMember2023-01-012023-09-300000888491ohi:InternalCreditRatingFiveMember2023-09-300000888491srt:MaximumMemberohi:SeniorTermLoanDue2025Memberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-08-082023-08-080000888491ohi:SeniorTermLoanDue2025Memberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-09-272023-09-270000888491ohi:SeniorTermLoanDue2025Memberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-08-312023-08-310000888491ohi:OmegaOpTermLoanMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2023-06-012023-06-3000008884912023-09-300000888491us-gaap:ForeignCountryMember2022-12-310000888491ohi:MaplewoodRealEstateHoldingsMember2023-09-300000888491ohi:HealthcareHomesLimitedMember2023-07-012023-09-300000888491ohi:MaplewoodRealEstateHoldingsMember2023-01-012023-09-300000888491ohi:HealthcareHomesLimitedMember2023-01-012023-09-300000888491ohi:ConsulateHealthCareMember2023-01-012023-09-300000888491ohi:AgemoHoldingsLlcMember2023-01-012023-09-300000888491ohi:ConsulateHealthCareMembersrt:MaximumMember2023-01-012023-04-300000888491ohi:AgemoHoldingsLlcMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:OperatorPlacedOnCashBasisMember2022-01-012022-12-310000888491ohi:SeniorTermLoanDue2025Memberus-gaap:UnsecuredDebtMember2023-08-080000888491ohi:SeniorTermLoanDue2025Memberus-gaap:UnsecuredDebtMember2023-08-082023-08-080000888491ohi:SeniorTermLoanDue2025Memberus-gaap:UnsecuredDebtMember2023-09-3000008884912022-07-012022-09-300000888491ohi:GuardianMemberus-gaap:SubsequentEventMember2023-10-012023-10-310000888491ohi:ConsulateHealthCareMember2023-07-012023-09-300000888491ohi:ConsulateHealthCareMemberus-gaap:SubsequentEventMember2023-10-012023-12-310000888491ohi:ConsulateHealthCareMemberohi:SevenFacilitiesMember2023-07-012023-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:PersonalGuaranteeCollateralMember2023-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:OtherCollateralMember2023-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2023-09-300000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:PersonalGuaranteeCollateralMember2022-12-310000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberohi:OtherCollateralMember2022-12-310000888491us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2022-12-3100008884912022-01-012022-09-300000888491us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300000888491us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300000888491us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000888491us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-3100008884912023-07-012023-09-3000008884912023-10-3100008884912023-01-012023-09-30ohi:subsidiaryiso4217:USDxbrli:sharesohi:segmentohi:statexbrli:sharesiso4217:USDohi:itemiso4217:GBPxbrli:pureohi:loanohi:facilityohi:contractohi:property

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2023

or

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                           to                           

OMEGA HEALTHCARE INVESTORS, INC.

(Exact name of registrant as specified in its charter)

Maryland

1-11316

38-3041398

(State or other jurisdiction of incorporation or
organization)

(Commission file number)

(IRS Employer Identification No.)

303 International Circle, Suite 200, Hunt Valley, MD 21030

(Address of principal executive offices)

(410) 427-1700

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.10 par value

OHI

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes  

No

As of October 31, 2023, there were 244,993,589 shares of common stock outstanding.

OMEGA HEALTHCARE INVESTORS, INC.

FORM 10-Q

September 30, 2023

TABLE OF CONTENTS

Page
No.

PART I

Financial Information

Item 1.

Financial Statements of Omega Healthcare Investors, Inc. (Unaudited):

Consolidated Balance Sheets

2

September 30, 2023 and December 31, 2022

Consolidated Statements of Operations

3

Three and nine months ended September 30, 2023 and 2022

Consolidated Statements of Comprehensive Income

4

Three and nine months ended September 30, 2023 and 2022

Consolidated Statements of Equity

5

Three and nine months ended September 30, 2023 and 2022

Consolidated Statements of Cash Flows

7

Nine months ended September 30, 2023 and 2022

Notes to Consolidated Financial Statements

8

September 30, 2023

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

39

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

59

Item 4.

Controls and Procedures

59

PART II

Other Information

Item 1.

Legal Proceedings

59

Item 1A.

Risk Factors

59

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

60

Item 6.

Exhibits

61

PART I – FINANCIAL INFORMATION

Item 1 - Financial Statements

OMEGA HEALTHCARE INVESTORS, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

    

September 30, 

    

December 31, 

    

2023

    

2022

(Unaudited)

ASSETS

Real estate assets

 

  

 

  

Buildings and improvements

$

7,119,240

 

$

7,347,853

Land

901,282

923,605

Furniture and equipment

471,164

499,902

Construction in progress

120,243

88,904

Total real estate assets

8,611,929

8,860,264

Less accumulated depreciation

 

(2,419,324)

 

 

(2,322,773)

Real estate assets – net

 

6,192,605

 

 

6,537,491

Investments in direct financing leases – net

 

8,984

 

 

8,503

Real estate loans receivable – net

 

1,121,460

 

 

1,042,731

Investments in unconsolidated joint ventures

 

187,541

 

 

178,920

Assets held for sale

 

67,530

 

 

9,456

Total real estate investments

7,578,120

7,777,101

Non-real estate loans receivable – net

 

245,001

 

 

225,281

Total investments

 

7,823,121

 

 

8,002,382

Cash and cash equivalents

 

554,705

 

 

297,103

Restricted cash

 

3,212

 

 

3,541

Contractual receivables – net

 

9,511

 

 

8,228

Other receivables and lease inducements

199,530

177,798

Goodwill

 

643,335

 

 

643,151

Other assets

 

191,899

 

 

272,960

Total assets

$

9,425,313

 

$

9,405,163

LIABILITIES AND EQUITY

 

  

 

 

  

Revolving credit facility

$

19,530

 

$

19,246

Secured borrowings

 

289,615

 

 

366,596

Senior notes and other unsecured borrowings – net

 

4,982,127

 

 

4,900,992

Accrued expenses and other liabilities

 

276,711

 

 

315,047

Total liabilities

 

5,567,983

 

 

5,601,881

Preferred stock $1.00 par value authorized – 20,000 shares, issued and outstanding – none

Common stock $0.10 par value authorized – 350,000 shares, issued and outstanding244,989 shares as of September 30, 2023 and 234,252 shares as of December 31, 2022

 

24,498

 

23,425

Additional paid-in capital

 

6,657,211

 

6,314,203

Cumulative net earnings

 

3,625,580

 

3,438,401

Cumulative dividends paid

 

(6,666,439)

 

(6,186,986)

Accumulated other comprehensive income

 

28,143

 

20,325

Total stockholders’ equity

 

3,668,993

 

3,609,368

Noncontrolling interest

 

188,337

 

193,914

Total equity

 

3,857,330

 

3,803,282

Total liabilities and equity

$

9,425,313

 

$

9,405,163

See notes to consolidated financial statements.

2

OMEGA HEALTHCARE INVESTORS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

Unaudited

(in thousands, except per share amounts)

Three Months Ended

Nine Months Ended

    

September 30, 

    

September 30, 

    

2023

    

2022

    

2023

    

2022

Revenues

Rental income

$

209,948

$

207,588

 

$

618,126

$

635,899

Income from direct financing leases

 

254

 

256

 

 

762

 

768

Interest income

 

30,623

 

31,344

 

 

88,275

 

93,861

Miscellaneous income

 

1,207

 

242

 

 

3,258

 

2,866

Total revenues

 

242,032

 

239,430

 

 

710,421

 

733,394

Expenses

 

  

 

  

 

 

  

 

  

Depreciation and amortization

 

80,798

 

82,709

 

 

244,008

 

248,668

General and administrative

 

20,287

 

18,242

 

 

62,971

 

53,402

Real estate taxes

3,892

4,175

11,814

11,495

Acquisition, merger and transition related costs

 

121

 

185

 

 

1,183

 

5,658

Impairment on real estate properties

 

27,890

 

10,015

 

 

87,992

 

21,221

Provision for credit losses

 

2,733

 

4,106

 

 

11,643

 

4,367

Interest expense

 

58,778

 

58,238

 

 

176,100

 

174,755

Total expenses

 

194,499

 

177,670

 

 

595,711

 

519,566

Other income (expense)

 

 

  

 

 

 

  

Other income (expense) – net

 

5,402

 

(176)

 

 

9,151

 

(5,038)

Loss on debt extinguishment

 

 

(376)

 

 

(6)

 

(389)

Gain on assets sold – net

44,076

40,930

69,956

179,747

Total other income

 

49,478

 

40,378

 

 

79,101

 

174,320

Income before income tax expense and income from unconsolidated joint ventures

 

97,011

 

102,138

 

 

193,811

 

388,148

Income tax expense

 

(1,758)

 

(1,191)

 

 

(2,092)

 

(3,535)

(Loss) income from unconsolidated joint ventures

 

(1,345)

 

4,117

 

 

555

 

7,522

Net income

 

93,908

 

105,064

 

 

192,274

 

392,135

Net income attributable to noncontrolling interest

 

(2,527)

 

(2,790)

 

 

(5,095)

 

(10,787)

Net income available to common stockholders

$

91,381

$

102,274

 

$

187,179

$

381,348

Earnings per common share available to common stockholders:

 

  

 

  

 

 

  

 

  

Basic:

 

  

 

  

 

 

  

 

Net income available to common stockholders

$

0.37

$

0.44

 

$

0.78

$

1.61

Diluted:

 

  

 

  

 

 

  

 

  

Net income available to common stockholders

$

0.37

$

0.43

 

$

0.78

$

1.60

See notes to consolidated financial statements.

3

OMEGA HEALTHCARE INVESTORS, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Unaudited

(in thousands)

Three Months Ended

Nine Months Ended

September 30, 

    

September 30, 

2023

    

2022

    

2023

    

2022

Net income

$

93,908

$

105,064

$

192,274

$

392,135

Other comprehensive income (loss)

 

 

  

 

 

  

Foreign currency translation

 

(18,634)

 

(14,753)

 

5,366

 

(47,903)

Cash flow hedges

 

5,041

 

17,573

 

2,690

 

56,595

Total other comprehensive (loss) income

 

(13,593)

 

2,820

 

8,056

 

8,692

Comprehensive income

 

80,315

 

107,884

 

200,330

 

400,827

Comprehensive income attributable to noncontrolling interest

 

(2,144)

 

(2,868)

 

(5,333)

 

(11,036)

Comprehensive income attributable to common stockholders

$

78,171

$

105,016

$

194,997

$

389,791

See notes to consolidated financial statements.

4

OMEGA HEALTHCARE INVESTORS, INC.

CONSOLIDATED STATEMENTS OF EQUITY

Three Months Ended September 30, 2023 and 2022

Unaudited

(in thousands, except per share amounts)

Accumulated

Common

Additional

Cumulative

Cumulative

Other

Total

Stock

Paid-in

Net

Dividends

Comprehensive

Stockholders’

Noncontrolling

Total

    

Par Value

    

Capital

    

Earnings

    

Paid

    

Income

    

Equity

    

Interest

    

Equity

Balance at June 30, 2023

$

24,099

$

6,526,367

$

3,534,199

$

(6,501,899)

$

41,353

$

3,624,119

$

188,473

$

3,812,592

Stock related compensation

8,810

8,810

8,810

Issuance of common stock

399

125,734

126,133

126,133

Common dividends declared ($0.67 per share)

(164,540)

(164,540)

(164,540)

Vesting/exercising of Omega OP Units

(3,704)

(3,704)

3,704

Omega OP Units distributions

(5,984)

(5,984)

Net change in noncontrolling interest holder in consolidated JV

4

4

4

Other comprehensive loss

(13,210)

(13,210)

(383)

(13,593)

Net income

91,381

91,381

2,527

93,908

Balance at September 30, 2023

$

24,498

$

6,657,211

$

3,625,580

$

(6,666,439)

$

28,143

$

3,668,993

$

188,337

$

3,857,330

Balance at June 30, 2022

$

23,410

$

6,295,907

$

3,290,548

$

(5,872,269)

$

3,501

$

3,741,097

$

199,615

$

3,940,712

Stock related compensation

6,855