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Omega Healthcare reports Q4 adjusted FFO 73c, consensus 73c
The Fly

Omega Healthcare reports Q4 adjusted FFO 73c, consensus 73c

Reports Q4 revenue $144.85M, consensus $156.66M. Taylor Pickett, Omega’s Chief Executive Officer, stated, "Our fourth quarter financial performance was materially in line with our prior quarter, as we continued to work through operator restructurings. As we previously announced, our first quarter earnings will be further impacted by deferred rents associated with additional operator restructurings. We expect this will result in a decline in our first quarter earnings and a related increase in our dividend payout ratio. Barring additional unforeseen restructurings, we would expect our operating performance to improve as the year progresses and operator restructurings are completed. However, with both facility occupancy and profitability still meaningfully below pre-pandemic levels, the risk of further operator issues remains."

Published first on TheFly

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