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Jun 30, 2021
Omega Healthcare Q2 2021 Earnings Report
Omega Healthcare's financial position was strengthened by closing a new credit facility and implementing an ATM program.
Key Takeaways
Omega Healthcare Investors, Inc. reported a positive second quarter with strong Adjusted FFO and FAD, driven by solid rent collections. The company strengthened its balance sheet with a new credit facility and equity issuance. Facility occupancy improved, but operators still rely on government support due to levels remaining below pre-pandemic levels.
Collected approximately 98% of contractual rent and mortgage payments for the month of July.
Completed $75 million of new investments.
Net income for the quarter of $86.9 million or $0.36 per common share.
Declared a $0.67 per share quarterly cash dividend on common stock.
Omega Healthcare
Omega Healthcare
Omega Healthcare Revenue by Geographic Location
Forward Guidance
Omega Healthcare did not provide forward guidance in the earnings report.