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Brookdale Senior Living Inc.
Brookdale Announces Second Quarter 2008 Results
August 23rd, 2008
Brookdale Senior Living Inc. (NYSE:BKD) (the "Company") reported financial results for the second quarter of 2008. Net loss for the quarter ended June 30, 2008 was $(3.5) million, or $(0.03) per diluted common share. The loss includes non-cash items for depreciation and amortization, non-cash stock-based compensation expense and straight-line lease expense, net of deferred gain amortization, which totaled $84.0 million. Bill Sheriff, Brookdale's CEO, said, "The key drivers of our business continued to improve throughout the second quarter and July -- occupancy turned from declines to positive gains, rate growth remained strong and ancillary services were ahead of plan....
Source: Law & Health Weekly (2008-08-23)
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