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Sunrise Reports Financial Results for Second-Quarter 2009
Date:8/6/2009

per occupied unit for the comparable community portfolio increased 3.5 percent for the second quarter of 2009 as compared to the second quarter of 2008.

  • Comparable community operating expenses for the second quarter of 2009 decreased 1.8 percent over the second-quarter of 2008 from $412.7 million to $405.3 million. Excluding a $5 million health and dental credit experienced in the second quarter of 2008, and excluding the impact of foreign exchange rates, comparable community operating expenses decreased 1.7 percent. Comparable community operating expense results for the quarter continue to demonstrate Sunrise's system-wide focus on aggressively managing all operating expenses, without compromising quality of care, to reflect current occupancy levels and to maximize community profitability.

  • In the second quarter of 2009, Sunrise opened five new communities, with a combined capacity of 587 units. As of June 30, 2009, Sunrise had nine communities under construction, with capacity for an additional 745 units.

  • As of June 30, 2009, Sunrise operated 415 communities located in the United States, Canada, the United Kingdom and Germany, with a unit capacity of approximately 42,750 units.

Sunrise's management believes that total comparable-community revenues, average daily revenue per occupied unit, average unit occupancy rates and total comparable-community expenses are useful indicators of trends in Sunrise's management business. For additional details on Sunrise's comparable-community operations data, please refer to the Supplemental Information attached.

Conference Call and Webcast

Sunrise will host a conference call and webcast at 9:00 a.m. ET on Thursday, August 6, 2009, to discuss the financial results for the second quarter of 2009 and the other
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SOURCE Sunrise Senior Living, Inc.
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