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Jun 30, 2022
Omega Healthcare Q2 2022 Earnings Report
Omega Healthcare's financial performance was mixed, with net income increasing but revenues and adjusted funds from operations decreasing compared to the same period last year.
Key Takeaways
Omega Healthcare Investors reported a net income increase for the second quarter of 2022, but experienced a decrease in revenues and adjusted funds from operations due to asset sales, operator restructurings, and nonpayment of rent from certain operators. The company invested in new loans and projects, repurchased shares, and sold facilities, while also dealing with operator issues and restructurings.
Net income increased to $92 million, or $0.38 per share, compared to $87 million, or $0.36 per share, for the same period in 2021.
Adjusted Funds From Operations (AFFO) decreased to $185 million, or $0.76 per share, compared to $207 million, or $0.85 per share, for the same quarter in 2021.
Revenues totaled $244.6 million, a decrease of $12.8 million over the same period in 2021.
The company invested $56 million in new loans and funded $17 million in capital renovation projects.
Revenue by Segment
Forward Guidance
The report does not contain any forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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