EARNINGS PER SHARE/UNIT (Tables)

12 Months Ended

Dec. 31, 2019

Earnings per Share/Unit [Abstract]

Schedule of Computation of Basic and Diluted Earnings per Share

The following tables set forth the computation of basic and diluted earnings per share/unit:

	Omega						Omega OP
	Year Ended December 31,						Year Ended December 31,
	2019		2018		2017		2019		2018		2017
	(in thousands, except per share amounts)
Numerator:
Net income	$	351,947	$	293,884	$	104,910	$	351,947	$	293,884	$	104,910
(Less) add: net (income) loss attributable to noncontrolling interests		(10,824)		(12,306)		(4,491)		12		—		—
Net income available to common stockholders/Omega OP Unit holders	$	341,123	$	281,578	$	100,419	$	351,959	$	293,884	$	104,910
Denominator:
Denominator for basic earnings per share		213,404		200,279		197,738		220,193		209,020		206,521
Effect of dilutive securities:
Common stock equivalents		1,753		691		269		1,753		691		269
Net forward share contract		179		—		—		179		—		—
Noncontrolling interest – Omega OP Units		6,789		8,741		8,783		—		—		—
Denominator for diluted earnings per share/unit		222,125		209,711		206,790		222,125		209,711		206,790
Earnings per share/unit - basic:
Net income available to common stockholders/Omega OP Unit holders	$	1.60	$	1.41	$	0.51	$	1.60	$	1.41	$	0.51
Earnings per share/unit – diluted:
Net income	$	1.58	$	1.40	$	0.51	$	1.58	$	1.40	$	0.51