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Article: Brookdale Announces Third Quarter 2009 Results; CFFO per Share Increases 43%.
- Article from:
- PR Newswire
- Article date:
- November 2, 2009
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Highlights - Cash From Facility Operations ("CFFO") was $48.2 million, or $0.41 per share, and excluding acquisition-related costs, was $50.4 million, or $0.43 per share, a 43% increase from $0.30 per share for the third quarter of 2008 (excluding integration, acquisition-related and non-recurring costs in Q3 2008 and 2009). - Improved average monthly revenue per unit by 5.3% to $3,987 from $3,786 for the prior year period. - Average occupancy was 89.0%, a 50 basis point increase from 88.5% in the second quarter of 2009. Average occupancy was 89.7% for the third quarter of 2008. - Revenue increased by $23.6 million, or 4.9%, to $505.8 million. - Adjusted EBITDA improved ...