First Quarter 2008 Highlights - Revenue for the first quarter was $480.6 million, up 7.6% from the first
quarter of 2007. - Same store Facility Operating Income ("FOI") grew 7.2% for the twelve months ended March 31, 2008 over the corresponding period ended in 2007. - Cash From Facility Operations for the quarter was $38.6 million, or $0.38 per outstanding common share, a 19% increase over the first period of 2007, and was $0.41 per outstanding common share, excluding integration costs. - Average occupancy for the first quarter was 90.0%, versus 90.6% for the
fourth quarter of 2007. - The Company's Board of Directors approved a $150 million share repurchase
program. - The Company declared a quarterly cash dividend on its common stock of
$0.25 per share for the quarter ended March 31, 2008. - First quarter net loss of $(55.1) million, or $(0.54) per diluted common share, including non-cash expenses of $86.2 million for depreciation and
amortization, non-cash compensation expense and straight-line lease
expense, net of deferred gain amortization.
NASHVILLE, Tenn., May 7 /PRNewswire-FirstCall/ -- Brookdale Senior Living Inc. (NYSE: BKD) (the "Company") today reported financial results for the first quarter of 2008. Net loss for the quarter ended March 31, 2008 was $(55.1) million, or $(0.54) per diluted common share. The loss includes non-cash items for depreciation and amortization, non-cash compensation expense and straight-line lease expense, net of deferred gain amortization, which totaled $86.2 million.
Bill Sheriff, Brookdale's CEO, said, "We grew our first qua
|SOURCE Brookdale Senior Living Inc.|
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