AAC Holdings (AAC) Reports Q4 Loss of $0.85/Share, Evaluation of Strategic Alternatives in Real Estate Portfolio

AAC Holdings (NYSE: AAC) reported Q4 EPS of ($0.85), versus $0.40 reported last year. Revenue for the quarter came in at $57.4 million, versus $86.1 million reported last year.

GUIDANCE:

AAC Holdings sees FY2019 EPS of ($0.30)-($0.20). AAC Holdings sees FY2019 revenue of $290-310 million.

Evaluation of Strategic Alternatives in AAC's Real Estate Portfolio

The Company has commenced a process to explore strategic alternatives to generate additional value from its real estate portfolio consisting of treatment centers located across the United States. Management's goal is to leverage the portfolio to create additional liquidity, lower its cost of capital and enhance shareholder value. Real estate strategic alternatives could include further sale leasebacks of individual facilities or larger portions of the Company's real estate portfolio.

For earnings history and earnings-related data on AAC Holdings (AAC) click here.

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