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Omega Healthcare Investors' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Omega Healthcare Investors Inc. (OHI)

Q2 2012 Earnings Call

July 27, 2012 10:00 am ET

Executives

Michelle Reiber - IR

Taylor Pickett - CEO

Bob Stephenson - CFO

Dan Booth - COO

Analysts

John Roberts - Hilliard Lyons

James Milam - Sandler O'Neill

Omotayo Okusanya - Jefferies

Dan Bernstein - Stifel Nicolaus

Presentation

Operator

Good morning and welcome to the Omega Healthcare Investors second quarter earnings call and webcast for 2012. (Operator Instructions). After today's presentation there will be an opportunity to ask questions. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Michelle Reiber. Please go ahead.

Michelle Reiber

Thank you and good morning. With me today are Omega’s CEO, Taylor Pickett; CFO, Bob Stephenson; and COO, Dan Booth. Comments made during this conference call that are not historical facts may be forward-looking statements, such as statements regarding our financial and FFO projections, dividend policy, portfolio restructurings, rent payments, financial condition or prospects of our operators, contemplated acquisitions, and our business and portfolio outlook generally. These forward-looking statements involve risks and uncertainties which may cause actual results to differ materially.

Please see our press releases and our filings with the Securities and Exchange Commission including, without limitation, our most recent report on Form 10-K which identifies specific factors that may cause actual results or events to differ materially from those described in forward-looking statements.

During the call today we will refer to some non-GAAP financial measures such as FFO, adjusted FFO, EBITDA and expenses excluding owned and operated properties. Reconciliations of these non-GAAP measures to the most comparable measure under Generally Accepted Accounting Principles, as well as an explanation of the usefulness of the non-GAAP measures are available under the financial information section of our website at www.omegahealthcare.com, and in the case of FFO and adjusted FFO, in our press release issued today.

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