Omega Healthcare Investors reported a net income of $102.0 million, or $0.43 per common share, and revenues of $256.4 million for the quarter ended June 30, 2020. The company completed $50 million in new investments and collected over 99% of contractual rent and mortgage payments.
Reported net income of $102.0 million or $0.43 per common share.
NAREIT Funds From Operations (FFO) was $186.5 million or $0.80 per common share.
Adjusted Funds From Operations (AFFO) was $189.8 million or $0.81 per common share.
Completed $50 million in new investments and invested $31 million in capital renovation and construction-in-progress projects.
Given the uncertainty related to the COVID-19 pandemic, its impact on the financial performance of the Company’s operators and the extent of future necessary government support to the operators, 2020 earnings guidance was previously withdrawn.
Visualization of income flow from segment revenue to net income