$Omega Healthcare Investors(OHI)$
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind
Second quarter 2022 results:
◈FFO: US$244.6m per share (down from US$0.78 in 2Q 2021).
◈Revenue: US$244.6m (down 5.0% from 2Q 2021).
◈Funds from operations (FFO): US$160.6m (down 11% from 2Q 2021).
◈FFO margin: 66% (down from 70% in 2Q 2021).
Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 2.2%.
Over the next year, revenue is expected to shrink by 15% compared to a 9.2% growth forecast for the industry in the US.
Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
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