Brookdale Announces Third Quarter 20... (408) (13487) Equity in loss of uncon...)

Brookdale Announces Third Quarter 2007 Results

Date:11/7/2007

408) (13,487)

Equity in loss of unconsolidated

ventures 309 1,649 2,362 2,286

Loss on extinguishment of debt - 1,414 803 2,748

Other non-operating income - - (238) -

Interest expense:

Debt 31,290 21,201 84,482 51,694

Capitalized lease obligation 7,182 8,086 22,520 16,827

Amortization of deferred

financing costs 1,151 1,141 4,878 3,179

Change in fair value of

derivatives and amortization 43,731 1,840 30,893 1,422

Interest income (1,695) (2,032) (5,077) (3,709)

Loss from operations (12,079) (11,903) (41,033) (9,332)

Depreciation and amortization 79,235 60,883 234,690 114,129

Facility lease expense 67,708 63,623 203,365 155,980

General and administrative

(including non-cash stock

compensation expense) 34,733 29,248 111,144 73,458

Amortization of entrance fees(1) (5,322) (3,253) (14,222) (3,398)

Management fees (1,493) (1,426) (4,777) (3,158)

Facility Operating Income $162,782 $137,172 $489,167 $327,679

(1) Entrance fee sales, net of refunds paid, provided $9.3 million and

$4.3 million of cash for the three months ended September 30, 2007 and

2006, respectively, and $15.8 million and $6.7 million for the nine

months ended September 30, 2007 and 2006, respectively.

Operating Data

Our facility breakdown at September 30, 2007 was as follows:

Percentage of

Number of Number of Q3 2007

Ownership Type
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Brookdale Announces Third Quarter 20...(408) (13487) Equity in loss of uncon...),Health