Omega Healthcare Investors (OHI) Raises Quarterly Dividend 1.6% to $0.65; 8.4% Yield
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Omega Announces Third Quarter 2017 Financial Results; Increased Dividend Rate for 21st Consecutive Quarter
October 30, 2017 4:40 PM EDTResults Reflect Impairment Related to Orianna Portfolio
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 September 30, 2017. The Company reported a net loss for the three-month period ended September 30, 2017 of ($137.5) million, or ($0.67) per common share. Funds From Operations (FFO) for the quarter was a deficit of ($46.8) million or ($0.24) per common share and Funds Available For Distribution (FAD) was $150.6 million.
FFO for the third quarter of 2017 includes $194.7 million in impairments on direct financing leases related to our... More
