Omega Healthcare Investors: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 05:15 PM ET
Last Updated - Jun 21, 2023, 11:45 PM EDT
HUNT VALLEY, Md. (AP) — HUNT VALLEY, Md. (AP) — Omega Healthcare Investors Inc. (OHI) on Tuesday reported a key measure of profitability in its first quarter. The results beat Wall Street expectations.
The Hunt Valley, Maryland-based real estate investment trust said it had funds from operations of $159.8 million, or 66 cents per share, in the period.
The average estimate of five analysts surveyed by Zacks Investment Research was for funds from operations of 60 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
