Omega Healthcare Investors, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 02, 2022 at 04:30 pm
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Omega Healthcare Investors, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 213.35 million compared to USD 234.83 million a year ago. Revenue was USD 249.32 million compared to USD 273.77 million a year ago. Net income was USD 189.61 million compared to USD 159.98 million a year ago. Basic earnings per share from continuing operations was USD 0.79 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.79 compared to USD 0.69 a year ago.
Omega Healthcare Investors, Inc. is a real estate investment trust (REIT). The Company operates through a single segment, which invests in healthcare-related real estate properties located in the United States and the United Kingdom. Its core business is to provide financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities (SNFs), assisted living facilities (ALFs), and to a lesser extent, independent living facilities (ILFs), rehabilitation and acute care facilities (specialty facilities) and medical office buildings (MOBs). Its core portfolio consists of its long-term leases and real estate loans with healthcare operating companies and affiliates. In addition, the Company makes loans to operators and/or their principals. The Company's portfolio of real estate investments includes over 891 healthcare facilities, located in 42 states and the United Kingdom that are operated by 74 third-party operators.