Hunt Valley REIT sees drop in operations funds

February 24, 2010

Omega Healthcare Investors Inc., a Hunt Valley real estate investment trust, reported Tuesday a decrease in fourth quarter funds from operations - a closely watched metric for REITs - to $24.9 million, or 29 cents per common share, from $26.3 million, or 32 cents per common share. The company, which invests in long-term care facilities, said net income available to common stockholders fell to $14 million, or 16 cents per common share, on revenues of $49.4 million during the three months ended Dec. 31. Those results compared to net income of $15.6 million, or 19 cents per diluted common share, on revenues of $49.2 million for the fourth quarter of 2008.

- Lorraine Mirabella

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.