Omega Healthcare reports Q1 adjusted FFO 66c, consensus 60c

Reports Q1 revenue $218.2M, consensus $215.72M. Taylor Pickett, Omega’s Chief Executive Officer, stated, "Our first quarter financial performance was in line with expectations, as our earnings reflected the impact of the previously disclosed operator restructurings. As we indicated last quarter, we expect our financial performance to improve in the coming quarters, as restructurings are concluded, restructured operators begin paying rent again, and proceeds from asset sales are redeployed. Barring additional unforeseen restructurings, this should result in both our dividend payout ratio and our leverage rapidly improving as the year progresses."