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Brookdale Senior Living Inc.
Brookdale Announces Third Quarter 2008 Results
November 22nd, 2008
Brookdale Senior Living Inc. (NYSE:BKD) (the "Company") reported financial results for the third quarter of 2008. Net loss for the quarter ended September 30, 2008 was $(35.9) million, or $(0.36) 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 $80.4 million. Bill Sheriff, Brookdale's CEO, said, "During the quarter, our occupancy increased every month as a result of focused sales and marketing efforts. We pursued multiple programs to tap into pent-up demand for our services including an increase in...
Source: Law & Health Weekly (2008-11-22)
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