Emeritus Corporation ESC, a national provider of senior living services, today announced its third quarter 2010 results.
Quarter Ended September 30, 2010 Operating Summary Compared to Prior Year Third Quarter
* Total revenues increased $24.2 million, or 10.7%, to $250.0 million.
* Same community average monthly revenue per occupied unit improved by 3.5% to $3,798.
* Same community average occupancy increased 30 basis points to 87.9%.
* Total average occupancy was 87.1% for both periods.
* Adjusted EBITDAR increased $7.3 million, or 11.6%, to $69.9 million.
* CFFO per share improved 63.2% to $0.31 compared to $0.19.
Loss Per Share of $0.35
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