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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
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CapyFin.com Forward Guidance
Omega Healthcare did not provide forward guidance in the earnings report.