Omega Healthcare Investors Q2 FFO Rises, Lifts FY13 Outlook - Quick Facts

(RTTNews) - Omega Healthcare Investors Inc. (OHI) Wednesday said second-quarter funds from operations, or FFO, increased to $82.4 million or $0.70 per share from $55.8 million or $0.53 per share in the same period last year.

Adjusted FFO for the quarter was $72.9 million or $0.62 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.61 per share for the quarter. Analysts' estimates typically exclude special items.

Net income available to common stockholders increased to $49.1 million or $0.42 per share from $30.6 million or $0.29 per share last year.

Operating revenues totaled $102.5 million, up from $83.8 million last year. Analysts expected revenues of $99.11 million last year.

Looking ahead to the fiscal 2013, the company currently projects adjusted FFO in the range of $2.48 to $2.51 per share, up from its previous guidance range of $2.45 to $2.50 per share.