Unlimited Access. Try it Today! Your First 10 Days Always $0.99

Topics

NEWSLETTER
Omega Healthcare Investors Incorporated
Omega Healthcare trust profits rise 39 percent
Omega Healthcare trust profits rise 39 percent

Omega Healthcare Investors Inc., a Hunt Valley-based real estate investment trust, announced Monday that it earned $47.2 million for the three months ended Dec. 31, an increase of 39 percent over the $33.9 million earned during same period in 2012. Fourth quarter earnings per share rose to 38 cents last year from 30 cents in 2012. Shaes in Omega rose 17 cents Tuesday to close at $31.50 each. Omega, which buys and lends to nursing homes and assisted living facilities, saw fourth quarter revenue increase 17 percent to $111.1 million in 2013, from $95 million in 2012. For the year, the real estate firm earned $172.5 million on revenue of $418.7 million, up from $120.7 million on revenue of...

Loading

63°