Omega Healthcare Investors Inc. (OHI) Tuesday said first-quarter funds from operations, or FFO, increased to $70.1 million or $0.62 per share from $48.2 million or $0.46 per share in the same period last year.
Adjusted FFO for the quarter was $71.7 million or $0.63 per share. On average, nine analysts polled by Thomson Reuters expected FFO of $0.60 per share for the quarter. Analysts' estimates typically exclude special items.
Net income available to common stockholders increased to $38.1 million or $0.34 per share from $26.1 million or $0.25 per share last year.
Revenues totaled $101.8 million, up from $84.5 million last year. Analysts expecetd revenues of $96.33 million.
For the fiscal year 2013, the company has confirmed its adjusted FFO outlook range of $2.45 to $2.50 per share. Analysts currently expect full-year FFO of 2.45 per share.
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