Occupancy Growth
Same community weighted average occupancy for the second quarter came in at 80.7%, growing 190 basis points over the prior year quarter. June month-end same-community occupancy was 82.8%, a 240 basis point increase from June 2024.
Positive Adjusted Free Cash Flow
Adjusted free cash flow came in at $20 million for the quarter versus a negative $6 million for the second quarter of 2024. For the first six months of the year, the adjusted free cash flow was $24 million compared to a negative $32 million for the same period last year.
Adjusted EBITDA Growth
Adjusted EBITDA grew 19.7% quarter-over-quarter and 23.4% for the first half of the year. Second quarter adjusted EBITDA was $117 million, which was 20% above the prior year quarter.
Reduced Leverage
Adjusted annualized leverage decreased from 9.7x to 9.3x during the second quarter.
Recognition and Awards
Two culinary experts received Senior Housing News' DISHED Dining Innovation Awards, and CFO Dawn Kussow was inducted into the McKnight's Women of Distinction Hall of Fame Class for 2025.