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Omega Healthcare Investors reports 4Q results
The Hunt Valley, Maryland-based real estate investment trust said it had funds from operations of $87.4 million, or 68 cents per share, in the period. The average estimate of analysts surveyed by Zacks ...
HUNT VALLEY, Md(AP) _ Omega Healthcare Investors Inc(OHI) on Monday reported a key measure of profitability in its fourth quarterThe results missed Wall Street expectations The Hunt Valley, Maryland-based real estate investment trust said it had funds from operations of $87.4 million, or 68 cents per share, in the period The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 72 cents per share Funds from operations is a closely watched measure in the REIT industryIt takes net income and adds back items such as depreciation and amortization The company said it had net income of $57 million, or 44 cents per share The health care real estate investment trust posted revenue of $131.3 million in the period For the year, the company reported funds from operations of $345.4 million, or $2.71 per shareRevenue was reported as $504.8 million The company's shares have climbed almost 5 percent since the beginning of the yearIn the final minutes of trading on Monday, shares hit $40.92, a climb of 30 percent in the last 12 months _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment ResearchAccess a Zacks stock report on OHI at http://www.zacks.com/ap/OHI _____ Keywords: Omega Healthcare Investors, Earnings Report Investment & Company InformationFinance
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