The earnings call presented a positive outlook with increased financial guidance, strong revenue growth, and successful investment activity. However, there are notable challenges related to regulatory uncertainties and staffing issues. Overall, the positive financial metrics outweigh the challenges discussed.
Company Guidance
During the Omega Healthcare Investors Inc. third-quarter 2024 earnings call, the company provided detailed guidance and metrics. The Funds Available for Distribution (FAD) per share stood at $0.70, with a quarterly FAD totaling $192 million, exceeding expectations. The dividend payout ratio was reported at 96%, anticipated to decrease to the low 90s in upcoming quarters. The Adjusted Funds from Operations (AFFO) guidance for 2024 was revised to a range of $2.84 to $2.86 per share. The company highlighted strong tenant occupancy and rent coverage metrics, with roughly 95% of their $4.9 billion debt at fixed rates and a net funded debt to annualized adjusted EBITDA ratio of 4.23x. Investments of over $900 million year-to-date were noted, contributing to an annual revenue run rate exceeding $1.1 billion, with 25% from senior housing. The call also addressed operator-specific financial activities, including LaVie's rent payments and Maplewood's rent adjustments, and emphasized ongoing portfolio transitions and acquisitions to bolster liquidity and revenue growth.
Increased AFFO Guidance
AFFO guidance has been increased to a range of $2.84 to $2.86 per share, reflecting improved financial performance.
Strong Revenue Growth
Revenue for Q3 was $276 million compared to $242 million for Q3 2023, a 14% increase.
Successful Portfolio Transitions and Acquisitions
Over $900 million invested year-to-date with a robust pipeline of new investments.
Improved EBITDAR Coverage
Trailing 12-month operator EBITDAR coverage increased to 1.49x from 1.42x.
Decreased Leverage
Net funded debt to annualized adjusted EBITDA decreased to 4.23x from 4.76x.
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Omega Healthcare (OHI) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OHI Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 30, 2024
$41.84
$41.78
-0.14%
Aug 01, 2024
$35.47
$36.98
+4.26%
May 02, 2024
$30.22
$30.29
+0.23%
Feb 07, 2024
$26.56
$28.28
+6.48%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Omega Healthcare Investors (OHI) report earnings?
Omega Healthcare Investors (OHI) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Omega Healthcare Investors (OHI) earnings time?
Omega Healthcare Investors (OHI) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.