This Day On The Street
Continue to site
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

Emeritus Announces Operating Results For Second Quarter 2012

2012 Second Quarter Same Community Results

As 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.

The Company’s same community operating expenses were held to an increase of 0.3%, totaling $191.8 million, in the second quarter of 2012 compared to $191.2 million in the prior-year period, primarily as a result of the Company’s efficiency initiatives.

Same community operating income increased by $2.3 million to $98.6 million in the second quarter of 2012 and same community operating income margin increased from 33.5% to 34.0% as compared to the second quarter of 2011.

2012 Guidance Update

The Company provides guidance for the Company’s existing portfolio and excludes future acquisitions and dispositions.

The Company’s guidance for 2012 is as follows:
  • 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

Webcast and Conference Call

The Company will host a webcast and conference call on Thursday, August 2, 2012, at 5:00 P.M. Eastern Time to discuss its financial results for the second quarter of 2012.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs