This report substantially exceeds analysts' expectations' both as to revenue and loss per share which is 13 cents as opposed to expected of 33 cents. Revenue increases per unit, cash flow per share and debt paydowns are all strong positives. The one cautionary idea is that YOY occupancy has fallen from 90 % to 88.7 %.
BKD occupancy results reflect the same industry wide.......they are all down, which is more of a statement on housing then anything.
The real test will be whether or not they can maintain this present course and dig themselves out of their over-leveraged position they inherited when they merged with they often in bankruptcy Altera co.