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Omega Healthcare REIT tops Wall St.

Omega Healthcare Investors Inc., of Hunt Valley, a real estate investment trust that invests in the long-term care industry, beat analysts’ forecasts in its fourth-quarter results, posting Funds From Operations of $79.9 million, or 65 cents per diluted share, compared to FFO of $61.4 million, or 55 cents per share, for the year-ago period.

Analysts polled by Thomson Reuters, on average, forecast earnings of 63 cents per share in the final three months of 2013, 2 cents below the per-share amount reported by OHI.

Revenue for the quarter was $111.1 million versus $95 million for the comparable 2012 period.

FFO is considered a key measure of financial strength for REITs because it provides a more accurate picture of cash performance.