Capital Senior Living Announces September 2021 Occupancy
10/14/2021 - 07:00 AM
Marks seventh month of consecutive growth
DALLAS --(BUSINESS WIRE)--
Capital Senior Living Corporation (the “Company” or “Capital Senior Living”) (NYSE: CSU), a leading owner-operator of senior living communities and services announced its September 2021 occupancy.
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Capital Senior Living September 2021 Occupancy Chart (Graphic: Business Wire)
September average occupancy was 81.4% , an increase of 20 basis points from August and 610 basis points from the pandemic low average monthly occupancy of 75.3% in February 2021 .
While September marks the seventh consecutive month of occupancy improvement for the Company, the growth has slowed compared to prior months. The deceleration was caused in part by capital constraints and expense management activities which delayed room turns for potential resident tours and move-ins.
Leading indicators, such as leads, tours and overall sales activities, continued to increase sequentially in Q3 compared to Q2.
About Capital Senior Living
Dallas -based Capital Senior Living Corporation is one of the nation’s leading operators of independent living, assisted living and memory care communities for senior adults. The Company operates 75 communities that are home to nearly 7,000 residents across 18 states providing compassionate, resident-centric services and care and engaging programming. The Company offers seniors the freedom and opportunity to successfully, comfortably and happily age in place.
Learn more on the Capital Senior Living website or connect with the Company on Facebook , Twitter or LinkedIn .
View source version on businesswire.com : https://www.businesswire.com/news/home/20211014005333/en/
Kimberly Lody (972) 308-8323, klody@capitalsenior.com
Source: Capital Senior Living Corporation
Capital Senior Living Corp.
CSU Rankings
N/A Ranked by Stock Gains
CSU Stock Data
Industry
Nursing Care Facilities (Skilled Nursing Facilities)
Sector
Health Care and Social Assistance
Tags
Health Services, Hospital/Nursing Management, Medical/Nursing Services, Health Care and Social Assistance, Nursing Care Facilities (Skilled Nursing Facilities)
Country
US
City
Dallas
About CSU
Dallas-based Capital Senior Living Corporation is one of the nation's leading operators of independent living, assisted living and memory care communities for senior adults. The Company currently operates 88 communities that are home to nearly 7,000 residents across 20 states providing compassionate, resident-centric services and care and engaging programming. The Company offers seniors the freedom and opportunity to successfully, comfortably and happily age in place.