Published on 5 May 2024 on GuruFocus.com via Yahoo Finance
Omega Healthcare Investors Inc (OHI) Q1 2024 Earnings: Surpasses Revenue Forecasts
Revenue: Totalled $243.3 million for Q1 2024, up from $218.2 million in Q1 2023, surpassing estimates of $231.64 million.Net Income: Reached $69.3 million, a significant increase from $36.8 million in the previous year, below estimates of $79.22 million.Earnings Per Share (EPS): Reported at $0.27, below the estimated $0.32.Dividends: Maintained a quarterly cash dividend of $0.67 per share, consistent with previous payments.Investment Activity: Completed $240 million in new investments year-to-date, including significant acquisitions and real estate loans.Debt Management: Repaid a $400 million debt maturity in April 2024, showcasing strong financial management and commitment to reducing liabilities.2024 Guidance: Affirmed Adjusted FFO to be between $2.70 and $2.80 per diluted share, indicating stable future earnings expectations.
Warning! GuruFocus has detected 6 Warning Signs with OHI.