Record-Setting Quarter
The company achieved all-time highs in same-store and transitioning occupancy, which increased to 82.6% and 83.5% respectively. Skilled census for same-store and transitioning operations increased by 7.6% and 9.9%, respectively.
Growth in Managed Care Census
Managed care census grew by 8.9% for same-store and 15.6% for transitioning operations over the prior year quarter.
Expansion and Acquisitions
The company added 47 new operations since January 2024, expanding across almost every market served.
Increased Earnings Guidance
Annual 2025 earnings guidance was raised to between $6.22 and $6.38 per diluted share, up from $6.16 to $6.34, representing a 14.5% increase over 2024 results.
Revenue Guidance Increase
Annual revenue guidance was increased to $4.89 billion to $4.94 billion, up from $4.83 billion to $4.91 billion.
Strong Financial Position
Lease adjusted net debt-to-EBITDA ratio of 2.13 times with over $1 billion in dry powder for future growth.
Dividend Increase
The company paid a quarterly cash dividend of $0.0625 per common share, marking 22 consecutive years of annual dividend increases.