SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

NOTE 22 - SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

The following summarizes the Omega and Omega OP’s quarterly results of operations for the years ended December 31, 2019 and 2018:


Omega	March 31,		June 30,		September 30,		December 31,
	(in thousands, except per share amounts)
2019
Revenues	$	223,688	$	225,279	$	233,195	$	246,668
Net income ⁽¹⁾	$	72,182	$	75,671	$	142,948	$	61,146
Net income available to common stockholders	$	69,702	$	73,141	$	138,740	$	59,540
Net income available to common per share:
Basic	$	0.34	$	0.35	$	0.64	$	0.27
Net income per share:
Diluted	$	0.34	$	0.34	$	0.63	$	0.27

2018
Revenues	$	220,199	$	219,881	$	221,852	$	219,750
Net income ⁽²⁾	$	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


Omega OP	March 31,		June 30,		September 30,		December 31,
	(in thousands, except per share amounts)
2019
Revenues	$	223,688	$	225,279	$	233,195	$	246,668
Net income ⁽¹⁾	$	72,182	$	75,671	$	142,948	$	61,146
Net income available to owners'	$	72,182	$	75,671	$	142,957	$	61,149
Net income available to Omega OP Unit holders:
Basic	$	0.34	$	0.35	$	0.64	$	0.27
Net income per unit:
Diluted	$	0.34	$	0.34	$	0.63	$	0.27

2018
Revenues	$	220,199	$	219,881	$	221,852	$	219,750
Net income ⁽²⁾	$	87,933	$	81,986	$	59,062	$	64,903
Net income available to owners'	$	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

(1)

Amounts reflect provisions for uncollectible accounts and impairment on real estate properties and direct financing leases of $7.7 million, $5.7 million, $3.8 million and $35.9 million for the three month periods ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019, respectively. Amounts also reflect net gain (loss) on assets sold – net of approximately $3,000, $(0.3) million, $53.1 million and $2.9 million for the three months periods ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019, respectively.

(2)

Amounts reflect provisions (recovery) for uncollectible accounts and impairment (recovery) 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.