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November 4 , 2021 OMEGA Healthcare INVESTORS , INC . Omega Reports Third Quarter 2021 Results and Recent Developments Completed $ 172 Million in Real Estate Investments HUNT VALLEY , Md .-- ( BUSINESS WIRE ) -- Omega Healthcare Investors , Inc. ( NYSE : OHI ) ( the " Company " or " Omega " ) announced today its results for the quarter ended September 30 , 2021. The Company reported net income for the quarter of $ 142.8 million or $ 0.58 per common share . The Company also reported Nareit Funds From Operations ( " Nareit FFO " ) for the quarter of $ 180.7 million or $ 0.73 per common share , Adjusted Funds From Operations ( " Adjusted FFO " or " AFFO " ) of $ 208.8 million or $ 0.85 per common share , and Funds Available for Distribution ( " FAD ” ) of $ 198.8 million . Nareit FFO , AFFO and FAD are supplemental non - GAAP financial measures that the Company believes are useful in evaluating the performance of real estate investment trusts . For more information regarding these non - GAAP measures , see the " Funds From Operations " on the Company's website at www.omegahealthcare.com . CEO COMMENTS Taylor Pickett , Omega's Chief Executive Officer , stated , " Facility occupancy continued to improve in the quarter but still sits meaningfully below pre - pandemic levels , and as a result , many operators continue to rely on federal and state government support . While an additional allocation of federal support was announced in the third quarter , it remains to be seen whether this will be sufficient to fund operator obligations through this continuing pandemic . " Mr. Pickett continued , " Although we reported strong third quarter adjusted FFO and FAD , these results include approximately $ 16 million of revenue recognized by applying security deposits , letters of credit and collateral to Agemo and Gulf Coast's contractual obligations . When this collateral is exhausted and if these tenants continue not to pay rent , we expect that this would reduce our near - term adjusted FFO and FAD financial results . ” Mr. Pickett concluded , “ As we have throughout this crisis , we would like to highlight the incredible efforts of our operators and their heroic employees , who continue to work tirelessly to bravely protect and care for their residents . " 2021 RECENT DEVELOPMENTS AND THIRD QUARTER HIGHLIGHTS In Q4 2021 , the Company ... • declared a $ 0.67 per share quarterly cash dividend on common stock . In Q3 2021 , the Company ... • completed $ 66 million of mortgage loan investments .