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Overview
* Omega Q2 net income rises to $140 mln, up from $117 mln
last
year
* Company completed $527 mln in new investments during Q2
* Revenue missed analyst expectations, per LSEG data
Outlook
* Omega raises 2025 AFFO guidance to $3.04-$3.07 per share
* Company expects Genesis to pay full rent during bankruptcy
* Omega sees favorable operating metrics and active
investment
pipeline
* Company highlights strong balance sheet for future
investments
Result Drivers
* INVESTMENTS - Completed $527 mln in new investments,
including
$502 mln in real estate acquisitions
* LEASE RESTRUCTURING - LaVie bankruptcy led to lease
restructuring, maintaining rent income
* BANKRUPTCY SUPPORT - Genesis bankruptcy supported by $8
mln DIP
financing, ensuring rent payments
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 Miss $282.50 $293 mln
Revenue mln (5
Analysts
)
Q2 Net $140 mln
Income
Q2 $232 mln
Adjusted
FFO
Analyst Coverage
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy", 9
"hold" and no "sell" or "strong sell"
* The average consensus recommendation for the specialized
reits
peer group is "buy"
* Wall Street's median 12-month price target for Omega
Healthcare
Investors Inc ( OHI ) is $40.00, about 2.9% above its July 30 closing
price of $38.83
* The stock recently traded at 23 times the next 12-month
earnings
vs. a P/E of 23 three months ago
Press Release:
(This story was created using Reuters automation and AI based
on LSEG and company data. It was checked and edited by a Reuters
journalist prior to publication.)