Omega Healthcare Investors, Inc. Reports Impairment on Real Estate Properties for the Third Quarter Ended September 30, 2019; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2019
November 05, 2019 at 04:25 pm EST
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Omega Healthcare Investors, Inc. provided earnings guidance for the fourth quarter and full year of 2019. For the quarter, the company expects net income per diluted share to be between $0.39 to $0.42 per diluted share.
For the year, the company expects net income per diluted share to be between $1.70 to $1.73 per diluted share.
For the third quarter ended September 30, 2019, the company reported impairment on real estate properties of $3,836,000 compared to $22,868,000 a year ago.
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 Third Quarter Ended September 30, 2019; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2019
OMEGA HEALTHCARE INVESTORS, INC. 
