Omega Healthcare Investors, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 01:57 am IST
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Omega Healthcare Investors, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 205.91 million compared to USD 203.2 million a year ago. Revenue was USD 242.03 million compared to USD 239.43 million a year ago. Net income was USD 91.38 million compared to USD 102.27 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.43 a year ago.
For the nine months, sales was USD 606.02 million compared to USD 624.09 million a year ago. Revenue was USD 710.42 million compared to USD 733.39 million a year ago. Net income was USD 187.18 million compared to USD 381.35 million a year ago. Basic earnings per share from continuing operations was USD 0.78 compared to USD 1.61 a year ago. Diluted earnings per share from continuing operations was USD 0.78 compared to USD 1.6 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.
OMEGA HEALTHCARE INVESTORS, INC. 
