Omega Healthcare Investors Whiffs on Q4 FFO, Beats on Revenues

Omega Health Care Investors (NYSE: OHI  ) posted a quarter of mixed results. For is Q4, the real estate investment trust said today its revenues rose to $111 million, against Q4 2012's $95 million. Net income available to common shareholders was $47 million ($0.38 per diluted share), up from $34 million ($0.30) in the same period the previous year. Funds from operations -- a critical metric for REITS -- amounted to $0.65 per share, bettering the $0.55 of the year-ago period. 

Analysts were projecting FFO of $0.68 per share on revenues of $96 million. 

For the full year, revenues totaled $419 million, and net income was $173 million ($1.46 per diluted share), compared to 2012's $350 million and $121 million ($1.12). FFO for 2012 was $2.56 per share, up from the previous year's $2.06.

Going forward, Omega proffered guidance for fiscal 2014. It expects raw FFO of $2.44 to $2.47 per share, or $2.69 to $2.72 on an adjusted basis.

So far this year, the REIT has seen its share price rise modestly. Much of this increase followed a $0.01 bump in the company's quarterly dividend to $0.49. The new distribution was declared last month.  


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2823424, ~/Articles/ArticleHandler.aspx, 9/2/2014 5:22:42 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement