Welcome to our dedicated page for Omega Healthcare news (Ticker: OHI), a resource for investors and traders seeking the latest updates and insights on Omega Healthcare stock.
Omega Healthcare Investors, Inc. reports recurring developments as a healthcare real estate investment trust focused on long-term care properties. Its portfolio is concentrated in skilled nursing and assisted living facilities, including senior housing and care homes, operated by third-party healthcare companies primarily under triple-net lease structures across the United States, the United Kingdom and Canada.
Company updates commonly cover AFFO, FFO and Funds Available for Distribution, quarterly dividends, acquisitions, real estate loan fundings, investments in unconsolidated entities and balance-sheet activity. News also addresses portfolio management, operator coverage and rent or interest collections, including disclosures tied to major operators and senior housing RIDEA investments.
Omega Healthcare Investors reported a net loss of $93.8 million for Q3 2020, equating to $0.40 per share, against revenues of $119.2 million. NAREIT FFO stood at $15.1 million ($0.06 per share), while Adjusted FFO was $191.8 million ($0.82 per share). Q3 revenue was affected by a $143.3 million write-down in non-cash revenue. However, the company collected over 99% of contractual rents and maintained a dividend of $0.67 per share. Going forward, Omega issued $700 million in Senior Notes to enhance its liquidity.
Omega Healthcare Investors (NYSE: OHI) declared a common stock dividend of $0.67 per share, scheduled for payment on November 16, 2020. The record date for stockholders is November 2, 2020. As a real estate investment trust, Omega specializes in long-term healthcare investments, focusing on skilled nursing and assisted living facilities. Its diverse portfolio operates predominantly under a triple-net lease structure across the US and UK, showcasing the company's commitment to supporting healthcare facilities.
Omega Healthcare Investors (NYSE: OHI) is set to announce its third quarter earnings on October 29, 2020, post-market close. A conference call will follow on October 30, 2020, at 10 a.m. ET, to discuss the results and recent developments. The company focuses on investments in the long-term healthcare sector, primarily in skilled nursing and assisted living facilities, utilizing a triple-net lease structure. Further information can be found on Omega's website.
Omega Healthcare Investors (NYSE: OHI) has announced a public offering of $700 million in 3.375% Senior Notes maturing in 2031. The settlement is expected on October 9, 2020. Proceeds will be used to repay existing borrowings and for general corporate purposes, including future acquisitions. The notes are unsecured obligations guaranteed by existing and future subsidiaries. J.P. Morgan, BofA Securities, Credit Agricole CIB, and Wells Fargo Securities are leading the offering. The issue price is set at 98.249% with a coupon rate of 3.375%, payable semiannually.