Brookdale Announces Fourth Quarter and Full Year 20...(cash compensation expense andstraight-li...),Health

Bill Sheriff, Brookdale's CEO, said, "Despite the difficult economic environment, we grew our reported 2007 CFFO per share greater than 35% over 2006. We believe that the fundamentals of our business remain solid with demand from an aging population growing faster than supply of new senior housing units. We maintained our overall occupancy throughout the year, and we remain positive given our new initiatives, particularly in sales and marketing. In addition, our new integrated operating platform puts us in a much stronger position for 2008. We are confident in the strength of our business. Given the current economic conditions, with the strong industry dynamics and the growth of our ancillary services business, we believe Brookdale can continue to grow CFFO per share by 15-20% in 2008 and beyond."

Mark Ohlendorf, Co-President and CFO of Brookdale, commented, "During the fourth quarter, we substantially completed the integration of our multiple legacy platforms. We continue to report strong same store results. Excluding the impact of integration-related accounting items, our fourth quarter same store Facility Operating Income grew 8.9% over 2006. The ancillary services business is also maturing - we started providing therapy services to over 12,000 legacy Brookdale units in 2007. We continue to see strength in our same store operating metrics and are well positioned to achieve our growth objectives in 2008."

As a dividend-paying company, Brookdale's management utilizes Adjusted EBITDA and Cash From Facility Operations to evaluate the Company's performance and liquidity because these metrics exclude non-cash expenses such as depreciation and amortization, non-cash compensation expense and straight-line lease expense, net of deferred gain amortization. Brookdale also uses Facility Operating Inco
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