Omega Healthcare Investors Inc Q1 2021 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Nicholas Philip Yulico - Scotiabank Global Banking and Markets, Research Division - Analyst : So just turning back to the occupancy data that you gave for the first quarter and into April. Can you just give us a feel for how much

Question: Nicholas Philip Yulico - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. Got you. But I mean, I think you've said previously, right, that the decline in occupancy and the eventual rebound was going to be driven more by improvements on the long-term care side. Is that right as we just think about the pace of facilities reopening and people going back into the facilities?

Question: Nicholas Philip Yulico - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. And Taylor, I guess just going back to commentary you talked about the industry maybe facing some more pressure later this year depending on how future government funding pans out. I assume this is why you continue to not provide earnings guidance for the year. And I guess as we're thinking about potential outcomes of getting farther along in the year, how should we think about prospects of right now as you're looking at your tenants and sort of trying to figure out whether they can pay rent for the rest of the year, how we should think about potential rent deferrals versus the need for a permanent change in lease terms when it happens?

Question: Nicholas Philip Yulico - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. That's helpful. I guess just last question on this is, is there any way for you to frame out potential magnitude right now if we are looking at rent deferrals for your tenants, right? I mean I know your sector was a little bit unusual in that you didn't have to give rent deferrals yet, whereas most of the other REIT sectors have. So I mean, maybe you could frame out the magnitude of potential rent deferrals as a percentage of your tenants?