This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Five Star Quality Care, Inc. Reports First Quarter 2012 Results

Five Star Quality Care, Inc. (NYSE: FVE) today announced its financial results for the quarter ended March 31, 2012.

First Quarter 2012 Financial Highlights:

  • Total revenues for the first quarter of 2012 increased 12.5% to $346.1 million from $307.6 million for the same period in the previous year.
  • Income from continuing operations for the first quarter of 2012 was $746,000 compared to $5.9 million for the same period in the previous year.
  • Income per share from continuing operations for the first quarter of 2012 was $0.02 per basic and diluted share, compared to $0.16 and $0.15 per share, basic and diluted, respectively, for the same period in the previous year.
  • Earnings before interest, taxes, depreciation and amortization, or EBITDA, for the first quarter of 2012 was $8.9 million compared to $10.8 million for the same period in the previous year. A reconciliation of income from continuing operations determined in accordance with U.S. generally accepted accounting principles, or GAAP, to EBITDA and EBITDA excluding certain items for the quarters ended March 31, 2012 and 2011 appears later in this press release.

First Quarter 2012 Operating Highlights:

  • Senior living occupancy at our owned and leased senior living communities for the first quarter of 2012 was 85.9% compared to 85.6% for the same period in the previous year.
  • Senior living average daily rate, or ADR, at our owned and leased senior living communities for the first quarter of 2012 decreased by 3.8% to $146.50 from $152.27 for the same period in the previous year. This decrease is primarily due to the CMS Medicare rate reduction which went into effect October 1, 2011.
  • The percentage of senior living revenues derived from residents’ private resources at our owned and leased senior living communities for the first quarter of 2012 increased to 74.5% from 71.2% for the same period in the previous year.
  • For those owned and leased senior living communities that we operated continuously since January 1, 2011, or comparable communities, occupancy for the first quarter of 2012 and 2011 was 85.6%.
  • The ADR at comparable communities for the first quarter of 2012 decreased by 1.1% to $150.64 from $152.27 for the same period in the previous year. This decrease is primarily due to the CMS Medicare rate reduction which went into effect October 1, 2011.

Conference Call:

On April 30, 2012 at 10:00 a.m. Eastern Time, we will host a conference call to discuss the first quarter financial results. Following management’s presentation, there will be a question and answer period.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,265.99 +109.14 0.64%
S&P 500 2,011.36 +9.79 0.49%
NASDAQ 4,593.4250 +31.2360 0.68%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs