Omega Healthcare Stock Price, News & Analysis

Omega Healthcare Investors (NYSE: OHI) has updated its COVID-19 presentation slides in line with Nareit’s REITweek 2021 Investor Conference. The revisions are located on pages 9 and 10 of the investor presentation, which can be accessed here. Omega specializes in real estate investment trusts focusing on long-term healthcare, investing primarily in skilled nursing and assisted living facilities across the US and UK, operating mainly under a triple-net lease structure.

Omega Healthcare Investors (NYSE: OHI) reported Q1 2021 net income of $164.4 million, or $0.69 per share, on revenues of $273.8 million, compared to $92.3 million in net income for the same period last year. Nareit Funds From Operations (FFO) stood at $170.2 million ($0.71 per share), while Adjusted FFO was $203.8 million ($0.85 per share). The company achieved over 99% rent collections and completed $595 million in acquisitions. A new $1.45 billion unsecured credit facility was also initiated to bolster financial stability.

Omega Healthcare Investors (NYSE: OHI) has closed a new four-year $1.45 billion senior unsecured revolving credit facility, replacing its previous $1.25 billion facility. The new facility, priced at LIBOR plus 120 basis points, was oversubscribed and will support refinancing, acquisitions, and general corporate needs. Additionally, OHI Healthcare Properties Limited Partnership secured a $50 million term loan. Both facilities mature on April 30, 2025, with options for extension. The company continues to operate in the long-term healthcare real estate sector.

Omega Healthcare Investors (NYSE: OHI) announced a quarterly dividend of $0.67 per share, payable on May 17, 2021, to stockholders of record by May 3, 2021. The company will release its first quarter earnings report on May 3, 2021, after market close, followed by a conference call on May 4, 2021, at 10 a.m. Eastern Time to discuss results and developments.

Omega, a real estate investment trust, primarily invests in the healthcare sector, focusing on skilled nursing and assisted living facilities.

Omega Healthcare Investors (NYSE:OHI) announced its 2021 Annual Meeting of Stockholders set for June 3, 2021, at 10:00 a.m. Stockholders of record by April 6, 2021, can participate. This year’s meeting will be held virtually to enhance accessibility and comply with health guidelines amid the coronavirus pandemic. Omega, a real estate investment trust, focuses on long-term healthcare investments, primarily in skilled nursing and assisted living facilities across the US and UK, utilizing a triple-net lease structure.

Omega Healthcare Investors (NYSE: OHI) announced the terms of its tender offer to purchase up to $350 million of its 4.375% Senior Notes due 2023. The tender offer, which expires on March 30, 2021, follows an earlier announcement on March 3, 2021. The total consideration for each $1,000 principal amount of Notes validly tendered before the early tender time is based on a fixed spread plus the yield of a U.S. Treasury reference security. Due to oversubscription, only a portion of the validly tendered notes will be accepted, with a proration rate of approximately 79.41%.

Omega Healthcare Investors (OHI) reported early results for its tender offer to purchase up to $350 million of its 4.375% Senior Notes due 2023. As of March 16, 2021, the company accepted $350 million of notes, with $441.61 million tendered. The offer, which started on March 3, 2021, allows holders to receive a Total Consideration based on market conditions. The Tender Offer expires at 11:59 p.m. on March 30, 2021. Financing conditions have been met, and payments for validly tendered notes will occur shortly. A comprehensive offer document is available for interested parties.

Omega Healthcare Investors (NYSE: OHI) has acquired Connected Living, a technology platform enhancing communication in senior living. This partnership aims to foster connections among residents, family, and staff, addressing the heightened demand for virtual engagement post-pandemic. CEO Taylor Pickett emphasized the significance of human interaction in resident care, while Connected Living's co-founder Sarah Hoit expressed excitement over the collaboration to make a social impact. As a wholly-owned subsidiary, Connected Living will leverage Omega's global reach to innovate solutions benefiting aging communities.

Omega Healthcare Investors (NYSE: OHI) and Maplewood Senior Living celebrate the opening of Inspīr Carnegie Hill, a luxury senior living community in Manhattan. This innovative facility offers exceptional health and wellness amenities, integrating modern design with advanced technology. Residents will receive world-class care through partnerships with renowned cultural institutions and healthcare providers, including Mount Sinai. The community features upscale amenities such as a heated saltwater pool, fine dining, and immersive activities.