Omega Healthcare Investors, Inc.

	2009 Y	2010 Y	2011 Y	2012 Y
Period Ended	12/31/2009	12/31/2010	12/31/2011	12/31/2012
Revenues ($000)
Interest Income	14,124	14,432	18,384	35,235
Rental Revenue	164,468	232,772	273,517	314,592
Operating RE Revenue	18,430	7,336	0	0
Partnership Income	0	0	0	0
Property Management Revenue	0	0	0	0
Franchise Fees	0	0	0	0
Nonrecurring Revenue	4,527	3,700	0	0
Other Noninterest Income	437	186	343	662
Revenue	201,986	258,426	292,244	350,489

Expenses ($000)
Interest Expense	38,549	71,120	83,828	98,176
Rental Operating Expense	0	0	0	0
Operating RE Expense	20,632	7,998	653	0
Real Estate Depreciation & Amortization	44,694	84,623	100,337	112,983
Provision for Loan Losses	0	0	6,439	0
Advisory Fees	0	0	0	0
Non-Real Estate Depreciation	0	0	0	0
General & Administrative Expense	11,742	15,054	19,432	21,330
Property Acquisition Fees	1,561	1,554	1,204	909
Asset Writedowns	159	155	26,344	272
Other Nonrecurring Expense	526	19,482	3,071	7,920
Other Expense	2,765	0	0	0
Expense	119,067	198,432	240,104	240,681

Net Income ($000)
Net Income before Gain on Sale of Real Estate	81,358	58,440	50,936	108,899
Gain on Sale of Real Estate	753	(4)	1,670	11,799
Total Minority Interest Expense	0	0	0	0
Provision for Taxes	0	0	0	0
Trust Preferred Distributions	0	0	0	0
Net Income before Extra	82,111	58,436	52,606	120,698
Extraordinary Items	0	0	0	0
Net Income	82,111	58,436	52,606	120,698
Net Income Attributable to Noncontrolling Int	0	0	0	0
Net Income Attributable to Parent	82,111	58,436	52,606	120,698
Preferred Dividends	9,086	9,086	1,691	0
Issue Costs of Redeemed Preferred Stock	0	0	3,456	0
Net Income Avail to Common	73,025	49,350	47,459	120,698

Per Share Information ($)
Diluted EPS after Extraordinary	0.87	0.52	0.46	1.12
FFO / Share	1.40	1.42	1.69	2.06
AFFO per Share	1.41	1.60	1.73	1.90
Distributable Income per Share	NA	NA	NA	NA
Regular Dividends Paid	1.20	1.37	1.55	1.69
Regular Dividends Declared	1.20	1.37	1.55	1.69
Total Dividends Paid	1.20	1.37	1.55	1.69
Common Dividends Declared per Share	1.20	1.37	1.55	1.69
Avg Diluted Shares Out (actual)	83,649,000	94,237,000	102,177,000	108,011,000

Income Statement