Record-Breaking Performance
Achieved another record quarter with increased occupancy rates reaching all-time highs of 83% and 84.4% in same-store and transitioning facilities respectively.
Significant Revenue and Earnings Growth
Increased 2025 earnings guidance to $6.48 to $6.54 per diluted share, representing an 18.4% increase over 2024 and a 36.5% increase over 2023. Revenue guidance also increased to $5.05 billion to $5.07 billion.
Expansion and Acquisition Success
Acquired 22 new operations during the quarter, including large portfolios in California and Utah, adding significant capacity with 1,857 new skilled nursing beds and 109 senior living units.
Strong Financial Health
Maintained a lease adjusted net debt-to-EBITDA ratio of 1.86x with over $1 billion in available liquidity for future investments.
Clinical Excellence and Market Share Growth
Improved skilled mix days by 5.1% and 10.9% for same-store and transitioning operations respectively, with Medicare revenue increasing by 10% and 8.8%.