Brookdale Senior Living, Inc.’s (BKD) Fourth-Quarter Review
By Benzinga Staff
February 25, 2010 8:11 PM
February 25, 2010 8:11 PM
Analysts Jerry Doctrow and Dan Bernstein at Stifel Nicolaus have released a report reviewing the fourth-quarter results at Brookdale Senior Living, Inc. (NYSE: BKD). The company reported better-than-expected results for the fourth-quarter.
The company saw improved operating metrics in the quarter. Same community revenues increased by 3.1% in the quarter, while same community expenses increased by only 1.7%. This resulted in a 5.9% increase in facility NOI, and a 90 basis points improvement in operating margin.
The company has also announced that it has received a new credit line of $100 million, which is priced at 450-550 basis points over the LIBOR.
Analysts at Stifel Nicolaus continue to rate Brookdale Senior Livinf, Inc. as a Buy.
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