earnings
confidence high
sentiment negative
materiality 0.70
Omega Healthcare Q2 net income $0.25/share, down from $0.38 YoY; AFFO $0.74
OMEGA HEALTHCARE INVESTORS INC
2023-Q2 EPS reported
$0.40
revenue$468,389,000
- Net income $62M ($0.25 per share) vs $92M ($0.38) in Q2 2022.
- Nareit FFO $155M ($0.63/share); AFFO $183M ($0.74/share), both down YoY.
- Completed $270M in new investments: $129M acquisitions, $124M loans, $17M capex.
- Sold 10 facilities for $45M cash, generating $12M gain; dividend maintained at $0.67/share.
- Repaid $350M senior unsecured notes due Aug 1, 2023, during Q3 2023.