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SUMMARY OF QUARTERLY RESULTS (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly results of operations

The following summarizes the Omega and Omega OP’s quarterly results of operations for the years ended December 31, 2018 and 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Omega

    

March 31, 

    

June 30, 

    

September 30, 

    

December 31, 

 

 

(in thousands, except per share amounts)

2018

 

 

  

    

 

  

    

 

  

    

 

  

Revenues

 

$

220,199

 

$

219,881

 

$

221,852

 

$

219,750

Net income (1) 

 

$

87,933

 

$

81,986

 

$

59,062

 

$

64,903

Net income available to common stockholders

 

$

84,220

 

$

78,536

 

$

56,606

 

$

62,216

Net income available to common per share:

 

 

  

 

 

  

 

 

  

 

 

  

Basic

 

$

0.42

 

$

0.39

 

$

0.28

 

$

0.31

Net income per share:

 

 

 

 

 

  

 

 

  

 

 

  

Diluted

 

$

0.42

 

$

0.39

 

$

0.28

 

$

0.31

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

  

 

 

  

 

 

  

 

 

  

Revenues

 

$

231,744

 

$

235,797

 

$

219,638

 

$

221,206

Net income (loss) (2)

 

$

109,112

 

$

68,157

 

$

(137,515)

 

$

65,156

Net income (loss) available to common stockholders

 

$

104,440

 

$

65,257

 

$

(131,678)

 

$

62,400

Net income (loss) available to common per share:

 

 

  

 

 

  

 

 

  

 

 

  

Basic

 

$

0.53

 

$

0.33

 

$

(0.67)

 

$

0.31

Net income (loss) per share:

 

 

  

 

 

  

 

 

  

 

 

  

Diluted

 

$

0.53

 

$

0.33

 

$

(0.67)

 

$

0.31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Omega OP

    

March 31, 

    

June 30, 

    

September 30, 

    

December 31, 

 

 

(in thousands, except per share amounts)

2018

 

 

  

    

 

  

    

 

  

    

 

  

Revenues

 

$

220,199

 

$

219,881

 

$

221,852

 

$

219,750

Net income (1) 

 

$

87,933

 

$

81,986

 

$

59,062

 

$

64,903

Net income available to Omega OP Unit holders:

 

 

  

 

 

  

 

 

  

 

 

  

Basic

 

$

0.42

 

$

0.39

 

$

0.28

 

$

0.31

Net income per unit:

 

 

  

 

 

  

 

 

  

 

 

  

Diluted

 

$

0.42

 

$

0.39

 

$

0.28

 

$

0.31

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

  

 

 

  

 

 

  

 

 

  

Revenues

 

$

231,744

 

$

235,797

 

$

219,638

 

$

221,206

Net income (loss) (2)

 

$

109,112

 

$

68,157

 

$

(137,515)

 

$

65,156

Net income (loss) available to Omega OP Unit holders:

 

 

  

 

 

  

 

 

  

 

 

  

Basic

 

$

0.53

 

$

0.33

 

$

(0.67)

 

$

0.31

Net income (loss) per unit:

 

 

  

 

 

  

 

 

  

 

 

  

Diluted

 

$

0.53

 

$

0.33

 

$

(0.67)

 

$

0.31

(1)

Amounts reflect provisions (recovery) for uncollectible accounts and impairment (recovery) losses on real estate properties and direct financing leases of $12.7 million, $(0.5) million, $20.9 million and $30.6 million for the three month periods ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, respectively. Amounts also reflect net gain (loss) on assets sold of $17.5 million, $(2.9) million, $(5.4) million and $15.5 million for the three month periods ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, respectively.

(2)

Amounts reflect provisions for uncollectible accounts and impairment losses on real estate properties and direct financing leases of $10.0 million, $12.8 million, $224.4 million and $64.6 million for the three month periods ended March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.  Amounts also reflect net gain (loss) on assets sold of $7.4 million, $(0.6) million, $0.7 million and $46.4 million for the three month periods ended March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.