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Sep 30, 2020
Omega Healthcare Q3 2020 Earnings Report
Omega Healthcare reported a net loss for Q3 2020, but showed strength in AFFO and FAD, along with excellent rent collections and a lower dividend payout ratio.
Key Takeaways
Omega Healthcare Investors reported a net loss of ($93.8) million, or ($0.40) per common share, for the quarter ended September 30, 2020. However, the company's Adjusted Funds From Operations (AFFO) stood at $191.8 million, or $0.82 per common share, showing operational strength. Revenue for the quarter was $119.2 million.
Collected over 99% of third quarter contractual rent and mortgage payments (when excluding Daybreak).
Sold 6 facilities and a land parcel for $61 million in cash, recognizing a loss of $0.7 million.
Invested $22 million in capital renovation and construction-in-progress projects.
Issued $700 million aggregate principal amount of 3.375% Senior Notes due 2031 in October.
Revenue by Segment
Forward Guidance
Due to the uncertainty related to the COVID-19 pandemic, the company has withdrawn its 2020 earnings guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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