HUNT VALLEY, Md. (AP) — HUNT VALLEY, Md. (AP) — Omega Healthcare Investors Inc. (OHI) on Tuesday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Hunt Valley, Maryland, said it had funds from operations of $260 million, or 82 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $151 million, or 47 cents per share.
The health care real estate investment trust, based in Hunt Valley, Maryland, posted revenue of $323 million in the period.
Omega Healthcare Investors expects full-year funds from operations in the range of $3.19 to $3.25 per share.
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