EBITDAR

CareTrust REIT Announces Third Quarter 2023 Operating Results

Retrieved on: 
Thursday, November 9, 2023
Commercial Building & Real Estate, Construction & Property, Nursing, Managed Care, General Health, Health, Hospitals, REIT, Sale, EBITDA, ID, NYSE, FAD, Investment, Normalization, EBITDAR, FFO, Hand, Corporate sustainability, Housing, ATM, External commercial borrowing, Holding company, Cryptocurrency, Security (finance)

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2023, as well as other recent events.

Key Points: 
  • CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended September 30, 2023, as well as other recent events.
  • During the quarter, CareTrust declared a quarterly dividend of $0.28 per common share.
  • On an annualized basis, the payout ratio was approximately 80% based on third quarter 2023 normalized FFO, and 76% based on normalized FAD.
  • A conference call will be held on Friday, November 10, 2023, at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time), during which CareTrust’s management will discuss third quarter results, recent developments and other matters.

Pennant Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Loss, Pennant, Medicare, EBITDA, GAAP, Acquisition, Webcast, Hand, Total, Senior living, Hospice, EBITDAR, Video game, Ensign, EAGLE

EAGLE, Idaho, Nov. 07, 2023 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the third quarter of 2023, reporting GAAP diluted earnings per share of $0.15 and adjusted diluted earnings per share of $0.20 for the quarter (1).

Key Points: 
  • EAGLE, Idaho, Nov. 07, 2023 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the third quarter of 2023, reporting GAAP diluted earnings per share of $0.15 and adjusted diluted earnings per share of $0.20 for the quarter (1).
  • “We are pleased to report continued positive momentum in the third quarter,” said Brent Guerisoli, Pennant’s Chief Executive Officer.
  • This updated guidance reflects management’s expectations based on solid performance through the third quarter.”
    2024 guidance will be provided in the Company’s fourth quarter and year-end 2023 earnings release.
  • A live webcast will be held tomorrow, November 8, 2023 at 10:00 a.m. Mountain time (12:00 p.m. Eastern time) to discuss Pennant’s third quarter 2023 financial results.

Valaris Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Oil, Gas, Energy, Floater, Adjustment, Sale, NYSE, ARO, Public expenditure, EBITDA, Share repurchase, Maintenance, Exercise, Additional Civil Lord of the Admiralty, Senior, Drillship, Capital expenditure, Limited, EBITDAR, Clothing, Video game, Rare-earth element, Arms industry, Security (finance), Health insurance, Life insurance, Airline, Valaris

Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported third quarter 2023 results.

Key Points: 
  • Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported third quarter 2023 results.
  • Net income was $17 million compared to net loss of $27 million in the second quarter 2023.
  • Revenues increased to $122 million from $118 million in the second quarter 2023 primarily due to more operating days resulting from less out of service time for planned maintenance during the third quarter.
  • Revenues increased to $46 million from $43 million in the second quarter 2023 and contract drilling expense increased to $19 million from $18 million in the second quarter.

Medical Properties Trust, Inc. Confirms Long-Term Strength, Stability and Performance of Business Model in Third Quarter Results

Retrieved on: 
Thursday, October 26, 2023
REIT, Hospitals, Health, Commercial Building & Real Estate, Construction & Property, Centene Corporation, PHP, SMN, United Kingdom, NYSE, Health care, International, Government, Regulation, MPT, Telephone, Disclosure, GAAP, Acquisition, Sold, Tenant, Priory, Circle Health, Genolier Swiss Medical Network SA, Growth, Medical Properties Trust, NFFO, Webcast, Regulation Fair Disclosure, Hospital, MPW, Running, Collection, Investment, Hyundai Doosan Infracore, Bed, Calendar, EBITDAR, CHF, Life insurance, Commercial property, Lease, Bank, Cryptocurrency

“Our business model remains strong and stable,” said Edward K. Aldag, Jr., Chairman, President and Chief Executive Officer.

Key Points: 
  • “Our business model remains strong and stable,” said Edward K. Aldag, Jr., Chairman, President and Chief Executive Officer.
  • As of September 30, 2023, MPT’s portfolio included 441 properties and approximately 44,000 licensed beds.
  • During the third quarter, Centene Corporation agreed to sell Circle Health (“Circle”) ($2 billion) to PureHealth at a value of roughly $1.2 billion.
  • Call participants are to ask the operator to be joined to the Medical Properties Trust, Inc. conference call upon dialing in.

The Ensign Group Reports Third Quarter 2023 Results; Raises 2023 Earnings Guidance

Retrieved on: 
Wednesday, October 25, 2023
Red Ensign Group, Providence Place, COVID-19, Nursing, Rehabilitation, Samsung Galaxy Note 8, Ridgemont, EBITDA, Lillian G. Carter Nursing Center, Disclosure, GAAP, Acquisition, FFO, Growth, Caregiver, Keetch, Webcast, Rocky Mountains, Standard-bearer, Hand, ENSG, Investment, Villas, EBT, EBITDAR, SAN, Video game, Risk management, Hospital, Property management, Ensign

GAAP diluted earnings per share for the quarter was $1.11 and adjusted diluted earnings per share(1) was $1.20, an increase of 12.1% and 15.4%, respectively, over the prior year quarter.

Key Points: 
  • GAAP diluted earnings per share for the quarter was $1.11 and adjusted diluted earnings per share(1) was $1.20, an increase of 12.1% and 15.4%, respectively, over the prior year quarter.
  • Consolidated GAAP and adjusted revenues for the quarter were $940.8 million, an increase of 22.2% over the prior year quarter.
  • Standard Bearer(2) revenue was $21.0 million for the quarter, an increase of 12.0% from prior year quarter and FFO was $13.6 million for the quarter, an increase of 8.7% from the prior year quarter.
  • This new midpoint of our 2023 earnings guidance represents an increase of 15.0% over our 2022 results and is 30.8% higher than our 2021 results.

Volaris Reports Financial Results for the Third Quarter 2023

Retrieved on: 
Wednesday, October 25, 2023
Sale, LTM, CASM, ASMS, ADS, Investment, Aircraft, EBITDAR, Bank, Video game, Airline, Textile

Total operating revenues in the quarter were $848 million, a 10% increase driven by robust demand across our network and a rise in ancillary revenue per passenger.

Key Points: 
  • Total operating revenues in the quarter were $848 million, a 10% increase driven by robust demand across our network and a rise in ancillary revenue per passenger.
  • The load factor for the quarter reached 86.4%, representing an increase of 0.7 percentage points compared to the same period in 2022.
  • Total operating expenses in the quarter were $809 million, representing 95% of total operating revenue, remaining consistent with the same quarter in 2022.
  • Net debt-to-LTM EBITDAR6 ratio stood at 3.5 times, in line with the second quarter of 2023 and 0.4 times lower when compared to the end of 2022.

Volaris Reports September 2023 Traffic Results: 3% YoY Demand Growth with an 84% Load Factor; Updating Full-Year 2023 Guidance

Retrieved on: 
Tuesday, October 10, 2023
NYSE, P&W, Yoy, CITY, Total, EBITDAR, Pratt, MEXICO, ASM, BMV, CASM, Pratt & Whitney, VLRS, ULCC, GTF, Airline, Volaris

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its September 2023 preliminary traffic results.

Key Points: 
  • de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its September 2023 preliminary traffic results.
  • In September 2023, Volaris’ capacity (measured in ASMs) increased by 7.5% year-over-year, while demand (measured in RPMs) increased by 3.1%; the result was a load factor decrease of 3.6 pp YoY to 83.8%.
  • Demand (measured in RPMs) in the Mexican domestic market decreased by 4.6%, while in the international market, demand increased by 22.4%.
  • The Volaris team is actively executing plans to mitigate the engine inspection impact, including a project to optimize our route network.

Dalata Hotel Group PLC: 2023 Half Year Report

Retrieved on: 
Tuesday, August 29, 2023
Well, Online, Uncertainty, Risk, Science Based Targets initiative, Food, SONIA, Policy, Electricity, Statistics, EBITDAR, Balance sheet, Carbon, Development, MSCI, EBITDA, PPE, Dublin Airport, City, Growth, YTD, Environment, Holding company, Cryptocurrency, Tourism, Renewable energy, Risk management, IPO, Sustainalytics

Dalata’s ‘like for like’ Group RevPAR1 is expected to be €140 for the July/August period, an increase of 5% compared to the same period in 2022.

Key Points: 
  • Dalata’s ‘like for like’ Group RevPAR1 is expected to be €140 for the July/August period, an increase of 5% compared to the same period in 2022.
  • Recent hotel portfolio additions continue to perform well, with Clayton Hotel London Wall and Maldron Hotel Finsbury Park, London opening under Dalata brands in July.
  • The Group has entered into fixed pricing contracts for approximately 80% of its projected gas and electricity consumption until December 2024.
  • As a result of these efforts, we achieved a ‘like for like’ hotel EBITDAR margin1 of 41.4% in H1 2023, exceeding the equivalent H1 2019 margin by 1.0%.

Pennant Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Hospice, Pennant, EBITDAR, GAAP, Medicare, EBITDA, Acquisition, Senior living, Webcast, Growth, Hand, Video game, Management, EAGLE, Ensign

EAGLE, Idaho, Aug. 08, 2023 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the second quarter of 2023, reporting GAAP diluted earnings per share $0.09 and adjusted diluted earnings per share of $0.18 for the quarter (1).

Key Points: 
  • EAGLE, Idaho, Aug. 08, 2023 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results for the second quarter of 2023, reporting GAAP diluted earnings per share $0.09 and adjusted diluted earnings per share of $0.18 for the quarter (1).
  • Total revenue for the quarter was $132.3 million, an increase of $16.0 million or 13.7% over the prior year quarter;
    Net income for the second quarter was $2.8 million, an increase of $5.5 million or 204.5% over the prior year quarter, and adjusted net income for the second quarter was $5.4 million, an increase of $1.3 million or 30.4% over the prior year quarter;
    Segment Adjusted EBITDAR from Operations for the second quarter was $19.5 million, an increase of $2.8 million or 17.1% over the prior year quarter; adjusted EBITDA for the second quarter was $10.1 million, an increase of $2.5 million or 32.3% over the prior year quarter;
    Home Health and Hospice Services segment revenue for the second quarter was $95.0 million, an increase of $9.7 million or 11.3% over the prior year quarter;
    Home Health and Hospice Services segment adjusted EBITDAR from operations for the second quarter was $15.7 million, essentially flat to the prior year quarter; and segment adjusted EBITDA from operations for the second quarter was $14.4 million, a decrease of $0.1 million or 1.0% over the prior year quarter;
    Total home health admissions for the second quarter were 10,441, an increase of 386 or 3.8% over the prior year quarter; total Medicare home health admissions for the second quarter were 4,849, an increase of 167 or 3.6% over the prior year quarter;
    Total hospice admissions for the second quarter were 2,322, an increase of 203 or 9.6% over the prior year quarter.
  • Hospice average daily census for the second quarter was 2,494, an increase of 209 or 9.1% compared to the prior year quarter;
    Senior Living Services segment revenue for the second quarter was $37.3 million, an increase of $6.3 million or 20.3% over the prior year quarter; average occupancy for the second quarter was 78.0%, an increase of 150 basis points over the prior year quarter, and average monthly revenue per occupied room for the second quarter was $3,939 an increase of $469 or 13.5% over the prior year quarter;
    Same store(2) Senior Living Services segment revenue for the second quarter was $36.0 million, an increase of $5.0 million or 16.1% over the prior year quarter; same store senior living average occupancy for the second quarter was 79.6%, an increase of 240 basis points over the prior year quarter, and average monthly revenue per occupied room for the second quarter was $3,929 an increase of 459 or 13.2% over the prior year quarter;
    Senior Living segment adjusted EBITDAR from operations for the second quarter was $11.7 million, an increase of $2.9 million or 33.2% over the prior year quarter; and segment adjusted EBITDA from Operations for the second quarter was $3.6 million, an increase of $2.6 million or 277.4% over the prior year quarter.
  • A live webcast will be held tomorrow, August 9, 2023 at 10:00 a.m. Mountain time (12:00 p.m. Eastern time) to discuss Pennant’s second quarter 2023 financial results.

CareTrust REIT Announces Second Quarter 2023 Operating Results

Retrieved on: 
Thursday, August 3, 2023
Nursing, Health, Consumer, Seniors, Managed Care, Construction & Property, REIT, FAD, Letter, EBITDAR, ID, Sale, FFO, ATM, EBITDA, Investment, Hand, NYSE, Normalization, Cryptocurrency, Security (finance)

CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended June 30, 2023, as well as other recent events.

Key Points: 
  • CareTrust REIT, Inc. (NYSE:CTRE) today reported operating results for the quarter ended June 30, 2023, as well as other recent events.
  • The Company recognized $0.4 million of rent from this operator in the quarter and reports receiving $0.3 million in July.
  • On an annualized basis, the payout ratio was approximately 80% based on second quarter 2023 normalized FFO, and 78% based on normalized FAD.
  • A conference call will be held on Friday, August 4, 2023, at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time), during which CareTrust’s management will discuss second quarter results, recent developments and other matters.