Omega Healthcare Investors, Inc. Q2 2008 Earnings Call Transcript

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2008-08-07 12:14:14.0

Tags: Omega Healthcare Investors Inc.

Question-and-Answer Session

Operator

Thank you. (Operator Instructions). Jerry Doctrow with Stifel Nicolaus has our first question.

Jerry Doctrow - Stifel Nicolaus

Thanks, good morning.

Taylor Pickett

Hi, Jerry.

Jerry Doctrow - Stifel Nicolaus

I just want to actually talk a little bit more about acquisition environments. Congratulations on the your Haven thing I think this will be good resolution, but in the acquisitions can you give us a little more color on so what pipeline looks like maybe yields on the stuff you are doing and what you seeing sort of go forward here?

Taylor Pickett

Yeah, Jerry. The pipeline has started to grow here in the last several quarters right now it's running in the several $100 million range. Yields are holding firm at 10% for the most part of what we’re looking at. We have got a number of yields that are actually on the queue so that’s -- I think the pipeline is building up, I think the lack of other financing sources is help contribute to that.

Jerry Doctrow - Stifel Nicolaus

Any sense of what volume it might do sort of hear you your (inaudible) has seemed it sort of been the distraction or you still how stuff queued up?

Taylor Pickett

Yeah, we have a couple of things that would say are both the later stage of the pipeline, that I would expect we would bail the close before year-end and then as Dan mentioned there’s a lot of stuff bouncing around kind of the earlier part of the pipeline. In terms of overall dollars I don’t think we’re prepared to talk about that but there’s a fair amount going on.

Jerry Doctrow - Stifel Nicolaus

Okay, thanks.

Operator

(Operator Instructions). It appears we have no other question at this time. I would like to turn it back to presenters for any additional or closing remarks.

Taylor Pickett

Thank you. Thank you, for joining our second quarter earnings call. Bob Stephenson, our CFO will be available for any follow-up questions that you may have.

Operator

That does conclude our call. We would like to thank everyone for their participation. Have a great day.

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