Omega Healthcare Investors (OHI) Misses Q2 EPS by 5c

Omega Healthcare Investors (NYSE: OHI) reported Q2 EPS of $0.36, $0.05 worse than the analyst estimate of $0.41.

The Company also reported Nareit Funds From Operations (“Nareit FFO”) for the quarter of $180.8 million or $0.74 per common share, Adjusted Funds From Operations (“AFFO” or “Adjusted FFO”) of $206.8 million or $0.85 per common share, and Funds Available for Distribution (“FAD”) of $197.0 million.

CEO COMMENTS

Taylor Pickett, Omega’s Chief Executive Officer, stated, “The second quarter was a positive one for the Company, with strong second quarter Adjusted FFO and FAD, as well as, continued solid rent collections. In addition, we were able to further strengthen our balance sheet with a new and expanded credit facility and robust equity issuance in the quarter.”

Mr. Pickett continued, “Facility occupancy improved in the quarter but still sits meaningfully below pre-pandemic levels, and as a result, many operators continue to rely on federal and state government support. With the industry focused on protecting their frail and vulnerable residents, we are hopeful that this support will continue.”

Mr. Pickett concluded, “We would once again like to highlight the exemplary efforts of our operators and their heroic employees, who risk their own health and that of their families to bravely protect and care for their residents, and we thank them wholeheartedly for all their hard work.”

For earnings history and earnings-related data on Omega Healthcare Investors (OHI) click here.

You May Also Be Interested In

• Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
• HarborOne Bancorp, Inc. (HONE) Tops Q1 EPS by 6c
• Hertz Global (HTZ) misses earnings expectations as fleet costs weigh