Omega Healthcare Q2 2020 Earnings Report
Key Takeaways
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.
Omega Healthcare
Omega Healthcare
Omega Healthcare Revenue by Segment
Omega Healthcare Revenue by Geographic Location
Forward Guidance
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operators and the extent of future necessary government support to the operators, 2020 earnings guidance was previously withdrawn.
Revenue & Expenses
Visualization of income flow from segment revenue to net income