Capital Senior Living (CSU) Misses Q2 EPS by 4c, Miss on Revenues

Capital Senior Living (NYSE: CSU) reported Q2 EPS of ($0.27), $0.04 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $116.7 million versus the consensus estimate of $117.03 million.

Revenue in the second quarter of 2017, including all communities, was $116.7 million, a $5.7 million, or 5.1%, increase from the second quarter of 2016.

• Revenue for consolidated communities, which excludes the three communities undergoing repositioning, lease-up or significant renovation and conversion, was $112.0 million in the second quarter of 2017, an increase of 5.0% as compared to the second quarter of 2016.
• Occupancy for the Company’s consolidated communities was 86.8% in the second quarter of 2017, a decrease of 90 basis points from the first quarter of 2017 and a decrease of 160 basis points from the second quarter of 2016. Same-community occupancy was 86.8% in the second quarter of 2017, an 80 basis point decrease from the first quarter of 2017 and a 160 basis point decrease from the second quarter of 2016.
• Average monthly rent for the Company’s consolidated communities in the second quarter of 2017 was $3,584, an increase of $111 per occupied unit, or 3.2%, as compared to the second quarter of 2016. Same-community average monthly rent was $3,563, an increase of $88 per occupied unit, or 2.5%, from the second quarter of 2016.

For earnings history and earnings-related data on Capital Senior Living (CSU) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Eledon Pharmaceuticals, Inc. (ELDN) Misses Q2 EPS by 12c
• LogicBio Therapeutics (LOGC) Misses Q2 EPS by 10c