Operator EBITDAR coverage for the stand-alone quarter ended Sept. 30, 2023, was 1.27x (excluding federal stimulus funds), a significant improvement from the prior quarter (1.15x) and year (0.83x). Furthermore, total rent generated from tenants with EBITDAR coverage below 1x was 13.2% as of Sept. 30, 2023, a material decline from 27.5% a quarter prior. These improvements reflect the strong recovery that has taken place across Omega?s portfolio, together with its ability to sell or transition operators at struggling facilities. We expect these positive trends to continue through 2024, with coverage and occupancy levels continuing to improve amid easing labor pressure, which should result in fewer challenged tenants and stronger operating performance for Omega. S&P Global Ratings-adjusted debt to EBITDA was
