Third Quarter 2007 Highlights - Revenue for the third quarter was $464.6 million, Facility Operating
Income was $162.8 million and Adjusted EBITDA was $83.6 million. - Average occupancy for the quarter was 90.8%, and average revenue per month per occupied unit increased to $3,639 per month, an increase of 1.8%
over the second quarter. - Cash From Facility Operations for the quarter was $43.3 million, or $0.43 per outstanding common share, a 59% increase on a per share basis over the third quarter of 2006. Cash From Facility Operations includes integration
and acquisition-related costs and start-up expenses associated with ancillary services of $5.7 million, or $0.06 per outstanding common share,
and excludes amortization related to capital leases and debt of $4.1 million, or $0.04 per outstanding common share, for a net effect of $1.6
million, or $0.02 per outstanding common share.
- For the twelve months ended September 30, 2007, same store revenue increased 7.2% and same store Facility Operating Income grew 8.8% over the corresponding period ending in 2006, including the effect of the historical results of American Retirement's ("ARC") facilities for both periods.
- Net loss of $(58.9) million, or $(0.58) per diluted common share,
including non-cash expenses of $92.9 million for depreciation and
amortization, non-cash compensation expense and straight-line lease
expense, net of deferred gain amortization. - Closed on $140.9 million of financings in three transactions and raised
incremental proceeds of $124.4 million. - Paid dividend of $0.50 per share of common stock for the third quarter on
October 12, 2007.
Subsequent Events - Closed on $190.0 million of financings in two transactions and raised
|SOURCE Brookdale Senior Living Inc.|
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