Omega Healthcare Investors Inc (STU:WX4)
€ 36.62 0.32 (0.88%) Market Cap: 9.82 Bil Enterprise Value: 14.33 Bil PE Ratio: 27.89 PB Ratio: 2.42 GF Score: 74/100
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Q3 2024 Omega Healthcare Investors Inc Earnings Call Transcript

Oct 31, 2024 / 02:00PM GMT
C. Taylor Pickett;Robert Stephenson
Omega Healthcare Investors Inc - Chief Executive Officer, Director;Omega Healthcare Investors Inc - Chief

(audio in progress) Narrowed and increased our 2024 AFFO guidance to a range of $2.84 and $2.86 per share. We have issued a significant amount of equity to fund our robust pipeline, which is bolstered our liquidity and further dilevered the balance sheet.

1%As Dan will discuss, key tenant occupancy and rent coverage metrics are strong while the under one times EBITDA coverage operator metric has no material risks or concerns.

During the first three quarters of 2024, we have issued over $800 million in equity. And year to date, we've invested over $900 million.

The pipeline remains very active. Our annual revenue run rate now exceeds $1.1 billion. With 25% of that revenue coming from our large and growing senior housing portfolio, we are well positioned to continue to deploy capital accretively, increasing our revenue, AFFO, FAD, and dividend coverage.

I will now turn the call over to Bob.

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