earnings
confidence high
sentiment negative
materiality 0.75
Omega Healthcare Q1 net income $37M, AFFO $0.66; completes $233M new investments in Q2
OMEGA HEALTHCARE INVESTORS INC
2023-Q1 EPS reported
$0.15
revenue$218,202,000
- Net income $37M ($0.15 EPS); Nareit FFO $146M ($0.60) vs $171M ($0.69) YoY.
- Adjusted FFO $160M ($0.66) vs $184M ($0.74) YoY; FAD $147M ($0.60) vs $162M ($0.65) YoY.
- Completed $26M acquisitions in Q1, plus $233M new investments in Q2 (YTD total $276M).
- Sold two facilities for $18M with $14M gain; transitioned 4 operator portfolios YTD.
- Quarterly dividend $0.67/share declared for May payment.