The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Connor Serge Siversky - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: So we've got Agemo down. But for the other 2 disclosed tenants, Guardian, Gulf Coast, that are not current on cash obligations, can
you walk through how much revenue was booked in Q3 for each of the operators? And then in what composition, whether that was
cash, security deposits, letters of credit or so forth?
Question: Connor Serge Siversky - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: You did. That was very helpful. Then I know you just mentioned Guardian, but for Agemo and Gulf Coast, is there any -- can you give
us any sense of what kind of capacity is left in these backstops to continue booking revenue, assuming they're not paying cash in
Q4 to Q1?
Question: Connor Serge Siversky - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: And no more security deposits? Okay. Okay. And then for Agemo, you mentioned some conversations to get that lease back into
compliance. I mean what would that take necessarily? Is that downsizing the portfolio? And maybe shoring up Agemo's operations
that way or providing working capital loan? Just any color there, appreciated.
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NOVEMBER 05, 2021 / 2:00PM, OHI.N - Q3 2021 Omega Healthcare Investors Inc Earnings Call
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