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Omega Healthcare FFO, earnings rise

Omega Healthcare Investors Inc., of Hunt Valley, a real estate investment trust that invests in long-term care facilities, reported its fourth-quarter funds from operations, or FFO, available to common stockholders rose to $46.3 million or 45 cents per diluted share, on revenue of $76.3 million, compared to FFO of $28.4 million or 29 cents per share, on revenue of $71.1 million, in the year-ago period.

Adjusted FFO, which excludes one-time charges, was $51.3 million, or 50 cents per share, versus $45.1 million, or 46 cents per share in the 2010 period.

Analysts surveyed by Thomson Reuters had forecast earnings of 47 cents per share on revenue of $73.6 million for the quarter.

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