Omega Healthcare Investors, Inc. Reports Impairment on Real Estate Properties for the Fourth Quarter Ended December 31, 2019; Provides Earnings Guidance for the Full Year 2020
February 05, 2020 at 04:20 pm EST
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Omega Healthcare Investors, Inc. reported impairment on real estate properties for the fourth quarter ended December 31, 2019. For the quarter, the company reported Impairment on real estate properties of 35,719,000 against 3,154,000 a year ago.
For the year, the company expects its 2020 annual net income to be between $1.58 and $1.66 per diluted share.
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. Reports Impairment on Real Estate Properties for the Fourth Quarter Ended December 31, 2019; Provides Earnings Guidance for the Full Year 2020
OMEGA HEALTHCARE INVESTORS, INC. 
