Omega Healthcare Investors (OHI) Tops Q1 FFP by 3c

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Go back to Omega Healthcare Investors (OHI) Tops Q1 FFP by 3c

Omega Announces First Quarter 2017 Financial Results; Increased Dividend Rate for 19th Consecutive Quarter

May 3, 2017 4:35 PM EDT

HUNT VALLEY, Md.--(BUSINESS WIRE)-- Omega Healthcare Investors, Inc. (NYSE: OHI) (the Company or Omega) today announced its results of operations for the three-month period ended March 31, 2017. The Company reported for the three-month period ended March 31, 2017 net income of $109.1 million, or $0.53 per common share, Funds From Operations (FFO) of $181.0 million or $0.88 per common share, and Funds Available For Distribution (FAD) of $159.4 million.

FFO for the first quarter of 2017 includes $3.7 million of non-cash stock-based compensation expense and $2.4 million in provisions for uncollectible accounts. These costs were partially offset by a $10.4 million one-time contractual settlement. Adjusted FFO is... More