AHR vs. OHI: American Healthcare REIT vs. Omega Healthcare Investors Stock Comparison

Company Profile

American Healthcare REIT (AHR) and Omega Healthcare Investors (OHI) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but AHR is classified in Diversified REITs while OHI is classified in Health Care REITs.

Omega Healthcare Investors (OHI) carries decades of public-market history since August 7, 1992, while American Healthcare REIT (AHR) listed on February 7, 2024 — long-window comparisons have far more historical data on the OHI side.

Both American Healthcare REIT (AHR) and Omega Healthcare Investors (OHI) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Omega Healthcare Investors (OHI) at 14.48% sits in the top ROE quartile, while American Healthcare REIT (AHR) at 2.33% is closer to the peer norm — stronger capital efficiency for OHI.

Neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Omega Healthcare Investors (OHI) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) and Omega Healthcare Investors (OHI) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Omega Healthcare Investors (OHI) at 13.19% sits in the top revenue growth quartile, while American Healthcare REIT (AHR) at 9.15% is closer to the peer norm — faster top-line expansion for OHI.

EPS growth isn't a meaningful figure for either American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) or Omega Healthcare Investors (OHI) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

American Healthcare REIT (AHR) at 1.31 keeps current ratio within its industry’s typical mid-range, while Omega Healthcare Investors (OHI) at 0.49 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for OHI.

Both American Healthcare REIT (AHR) at 0.27 and Omega Healthcare Investors (OHI) at 0.70 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

Financial Strength Metrics

Dividends

Omega Healthcare Investors (OHI) at 5.63% pays a yield in its industry’s typical range, while American Healthcare REIT (AHR) at 1.78% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) nor Omega Healthcare Investors (OHI) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either American Healthcare REIT (AHR) in Equity Real Estate Investment Trusts (REITs) or Omega Healthcare Investors (OHI) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

American Healthcare REIT (AHR) at 5.01 is priced about in line with its industry on P/S ratio, while Omega Healthcare Investors (OHI) at 12.18 sits in the pricier quartile — OHI costs more per dollar of sales.

American Healthcare REIT (AHR) at 2.42 is valued about in line with its industry on P/B ratio, while Omega Healthcare Investors (OHI) at 2.66 carries an above-peer premium to book — OHI is pricier on assets.

Valuation Metrics