Omega Healthcare Investors, Inc beats by $0.03, beats on revenue


Omega Healthcare Investors, Inc (OHI): Q4 FFO of $0.65 beats by $0.03.

Revenue of $111.1M (+16.9% Y/Y) beats by $13.1M.

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Comments (6)
  • golfpapa
    , contributor
    Comments (48) | Send Message
     
    Information with such timing for me is valuable.
    3 Feb 2014, 07:00 PM Reply Like
  • Doug Meeks
    , contributor
    Comments (1909) | Send Message
     
    We are long and very happy with OHI.
    3 Feb 2014, 07:44 PM Reply Like
  • romilar
    , contributor
    Comments (778) | Send Message
     
    Long also and in these markets good news is most welcome...Rom
    3 Feb 2014, 08:44 PM Reply Like
  • Doug Meeks
    , contributor
    Comments (1909) | Send Message
     
    OHI is an investment in a demographic trend. I'm trying to ignore the noise, collect the growing dividend, and let a good management team do their job. Welcome indeed.
    3 Feb 2014, 09:09 PM Reply Like
  • King Rat
    , contributor
    Comments (1736) | Send Message
     
    I realize OHI is a REIT, hence FFO emphasized over EPS, so the rules are different than a traditional company.

     

    Nonetheless, if you look at their cash flow figures, stock issuance mirrors dividends nearly exactly. So the increasing dividend is really just getting your money back through diluted ownership except that you're taxed for the privilege. Ever increasing stock issuance to cover ever increasing dividends. That generally does not end well. Book value per share has been flat the past several years.
    Something has got to change with the business structure because the dividend is not likely sustainable.
    4 Feb 2014, 02:13 AM Reply Like
  • LongTruth
    , contributor
    Comments (169) | Send Message
     
    King Rat, REITs have to payout 90% of their income. Therefore, they need to raise money through issuing stock or debt to grow their business and purchase more real estate. OHI has been growing more than most REIT's, so they have also been issuing more stock than most REIT's. Hope this helps.
    4 Feb 2014, 09:27 AM Reply Like
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