Sunrise's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Sunrise Senior Living Inc. (SRZ)

Q2 2012 Results Earnings Call

August 3, 2012 9:00 AM ET

Executives

Tim Smith – Investor Relations

Mark Ordan – Chief Executive Officer

Marc Richards – Chief Financial Officer

Greg Neeb – Chief Investment and Administrative Officer

Analysts

Daniel Bernstein – Stifel Nicolaus

Presentation

Operator

Good day. And welcome to the Sunrise Senior Living Second Quarter Earnings Conference Call. Today’s conference is being recorded.

At this time, I’ll turn the conference over to Mr. Tim Smith. Please go ahead, sir.

Tim Smith

Thank you. And welcome to Sunrise Senior Living’s second quarter 2012 investor conference call. This is Tim Smith of Sunrise’s Investor Relations.

Before we begin, let me remind you that this call is being recorded and the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 apply to this conference call.

During the course of this call, the company will make various remarks concerning management’s expectations, predictions, plans and prospects that constitute forward-looking statements.

Actual results may differ materially from those anticipated by these forward-looking statements. Any forward-looking statements reflect management’s current view only and the company undertakes no obligation to revise or update such statements in the future.

I will now turn the call over to Mark Ordan, Sunrise’s Chief Executive Officer. Mark?

Mark Ordan

Thanks Tim. Good morning. We are pleased to speak about another overall solid quarter for Sunrise Senior Living. Our quarter-over-quarter stabilized occupancy increased 90 basis points to 88.1%, which is even with our first quarter results.

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