Omega Health Care Investors (OHI 1.09%) 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.
