Omega Healthcare Inc (OHI) reported Q4-2018 results. We break down the numbers and give you our take.
Another quarter, another tenant problem
Just as OHI wrapped up selling or leasing the last of Orianna properties, it reported that another of its top 10 tenants has been put back on life support.
Source: Q4-2018 supplemental.
The company said:
As investors are aware, Daybreak’s rents are accounted for on a cash basis and so this rent shortfall immediately impacted our 4th quarter revenues. While Daybreak has implemented many favorable changes to their business,