2012 Second Quarter Same Community ResultsAs of June 30, 2012, the consolidated Emeritus portfolio consisted of 327 communities, of which 295 communities are included in the Company’s definition of same communities. Total same community revenue increased $2.9 million to $290.5 million in the second quarter of 2012, due to rate and occupancy improvements. Average monthly revenue per occupied unit increased 0.9% to $4,136 in the second quarter of 2012 compared to $4,101 in the corresponding period in 2011. Average occupancy increased 10 basis points to 86.6% in the second quarter of 2012 from 86.5% in the prior-year period.
- Community and management fee revenue in the range of $1.3 billion to $1.32 billion
- Routine capital expenditures in the range of $21.0 million to $23.0 million
- General and administrative expenses as a percent of total operated revenue of approximately 4.8%, excluding non-cash stock-based compensation expenses
- CFFO, as adjusted, in the range of $1.65 to $1.75 per share