earnings
confidence high
sentiment positive
materiality 0.60
Omega Q1 2024: Net income $69M, AFFO $0.68/share; Completed $240M YTD investments
OMEGA HEALTHCARE INVESTORS INC
2024-Q1 EPS reported
$0.27
revenue$243,299,000
- Net income of $69M ($0.27 per diluted share) vs $37M ($0.15) in Q1 2023.
- Adjusted FFO of $176M ($0.68/share) vs $160M ($0.66) in Q1 2023.
- Nareit FFO of $153M ($0.60/share) on 257M weighted avg shares vs $146M ($0.60) on 243M shares.
- Year-to-date completed $240M in new investments ($75M in Q1, $165M in Q2 to date).
- Repaid $400M senior unsecured notes on April 1, 2024, and $42M in HUD loans.