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Sep 30, 2021
Omega Healthcare Q3 2021 Earnings Report
Omega Healthcare's Q3 2021 performance was marked by a net income of $142.8 million, driven by revenue of $281.7 million. The company completed $172 million in real estate investments and managed challenges with operator rent payments.
Key Takeaways
Omega Healthcare Investors reported a strong third quarter with a net income of $142.8 million and revenue of $281.7 million. The company completed significant real estate investments but faced challenges with rent collection from certain operators, which could impact future financial results.
Net income for the quarter was reported at $142.8 million, or $0.58 per common share.
Adjusted Funds From Operations (AFFO) reached $208.8 million, or $0.85 per common share.
The company completed $172 million in real estate investments, including mortgage loans, acquisitions, and construction projects.
Facility occupancy continued to improve but remains below pre-pandemic levels, with operators relying on government support.
Revenue by Segment
Forward Guidance
While no specific forward guidance was provided, the report indicates that the company's near-term adjusted FFO and FAD financial results may be reduced if certain tenants continue not to pay rent and collateral is exhausted. The company is actively managing its portfolio and addressing operator challenges.
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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