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Omega Announces Fourth Quarter 2012 Financial Results; Adjusted FFO Of $0.58 Per Share And $250 Million Of New Investments For The Fourth Quarter

In connection with the tender offer and redemption, the Company wrote-off approximately $2.6 million of deferred financing costs and other related expenses in connection with the repurchase. The consideration for the tender and redemption of the 2016 Notes was paid from the proceeds from the sale of the 2024 Notes.

Equity Shelf Program and Dividend Reinvestment and Common Stock Purchase Plan During the twelve-month period ended December 31, 2012, the Company sold the following shares of its common stock under its Equity Shelf Program and its Dividend Reinvestment and Common Stock Purchase Plan:

 

Equity Shelf (At-The-Market) Program for 2012

(in thousands, except price per share)
         
Q1 Q2 Q3 Q4 Year

Total

Total

Total

Total

To Date

 
Number of shares 249 510 2,639 - 3,398
Average price per share $ 21.38 $ 21.21 $ 24.10 $ - $ 23.47
Gross Proceeds $ 5,318 $ 10,818 $ 63,614 $ - $ 79,750
 
 
Dividend Reinvestment and Direct Common Stock Purchase Program for 2012
(in thousands, except price per share)
         
Q1 Q2 Q3 Q4 Year

Total

Total

Total

Total

To Date

 
Number of shares 665 2,541 1,585 271 5,062
Average price per share $ 21.42 $ 21.54 $ 23.46 $ 21.31 $ 22.11
Gross Proceeds $ 14,242 $ 54,754 $ 37,161 $ 5,784 $ 111,941
 

2012 PORTFOLIO AND RECENT DEVELOPMENTS

$237 Million New Investments in Q4 2012 – For the three-month period ended December 31, 2012, the Company completed five separate acquisitions with three different operators totaling $237 million of new investments. The new investments were comprised of 17 SNFs and two assisted living facilities (“ALFs”) totaling 2,050 operating beds and 268 units, respectively. The 19 facilities are located in California (10), Arizona (4), Michigan (2), Indiana (2) and Texas (1).

The new investments were financed with a combination of credit facility borrowings and the assumption of $72 million of HUD indebtedness. The $72 million of assumed HUD debt is comprised of 8 HUD mortgage loans with a blended interest rate of 5.50% and maturities between April 2031 and February 2045.

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