Mexicools
2022-08-03

$Omega Healthcare Investors(OHI)$

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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