Omega Healthcare Investors Delivers Strong Q2 Results, FFO Beats Expectations by $0.04 & Revenue by $43.06M
May 3, 2023
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OMEGA ($NYSE:OHI): OHI is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. The company’s portfolio is expected to remain resilient in the face of market volatility, as it has demonstrated that it has the ability to weather market fluctuations and still come out ahead. This makes OHI an attractive option for investors looking for a reliable source of income with upside potential.
Market Price
Omega Healthcare Investors released its second quarter financial results on Tuesday, and they were a far cry from what analysts expected. The stock opened at $26.6 and closed at $26.5, down by 0.8% from its last closing price of $26.8. Despite the small dip in share price, the financial results were a huge success for the company. The Funds From Operations (FFO) beat expectations by $0.04, while the overall revenue was $43.06 million higher than expected.
This was a major increase from the same period last year, showing a positive trend for the company. All in all, Omega Healthcare Investors delivered an impressive second quarter with strong financial results that surpassed expectations and showed an optimistic outlook for the future. The strong FFO and revenue increases were particularly encouraging for investors, and is sure to continue bolstering the company’s performance in the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OHI. More…
| Total Revenues | Net Income | Net Margin |
| 878.24 | 426.93 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OHI. More…
| Operations | Investing | Financing |
| 625.73 | 442.85 | -789.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OHI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.41k | 5.6k | 15.41 |
Key Ratios Snapshot
Some of the financial key ratios for OHI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 44.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we strive to help investors make sound decisions. That’s why we provide in-depth analysis of businesses, so investors can be informed of their financial and business risks. We recently analyzed OMEGA HEALTHCARE INVESTORS and have concluded that it is a low risk investment overall. We evaluated OMEGA HEALTHCARE INVESTORS from a variety of perspectives including their financials and business fundamentals. Our analysis found that this company has a low risk rating, making it a safe investment for those looking for a steady return on their money. However, we did detect one potential risk warning in the company’s balance sheet. It’s important for investors to be aware of these risks before investing. To find out more about this risk warning, register on goodwhale.com and take a look at our analysis. More…
Peers
As of December 31, 2019, the company owned 1,214 properties in 41 states and the United Kingdom, with a portfolio value of $9.4 billion. The company’s competitors include Medical Properties Trust, Inc., Healthcare Realty Trust, Inc., and Sabra Health Care REIT, Inc.
– Medical Properties Trust Inc ($NYSE:MPW)
As of 2022, Medical Properties Trust, Inc. has a market capitalization of $6.58 billion. The company is a healthcare real estate investment trust that invests in hospitals and other healthcare-related facilities.
– Healthcare Realty Trust Inc ($NYSE:HR)
Healthcare Realty Trust Inc is a publicly traded real estate investment trust that invests in healthcare-related properties. The company’s portfolio includes hospitals, medical office buildings, and other healthcare facilities. Healthcare Realty Trust is headquartered in Nashville, Tennessee.
– Sabra Health Care REIT Inc ($NASDAQ:SBRA)
The company’s market cap is $2.93 billion as of 2022. The company is a real estate investment trust that focuses on owning and operating skilled nursing and assisted living facilities in the United States.
Summary
The company reported funds from operations (FFO) of $0.66 per share, representing a 4-cent beat relative to consensus expectations. Revenue was $218.2 million, a 43.06-million dollar beat relative to estimates. The company’s shares rose in after-hours trading following the news. In addition to its strong financials, Omega Healthcare Investors has also recently announced strategic initiatives to strengthen its capital structure and increase liquidity.
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