Q: Comments on latest quarter.
5i Research Answer:
Revenue of $241.8M beat estimates by 2%. EBITDA of $37.1M beat estimates by 5%. Occupancy rose 2.6% to 92.5%. Revenue rose 12.1%. Same property net operating income rose 8.5%. The company continues to make acquisitions and expand its portfolio. Payout ratio was 91%, an improvement of 3.9 points. Debt ratios declined nicely. We would consider this a pretty solid quarter overall.