Sunrise Senior Living, Incorporated (SRZ)

[Slojab]

It's going for an afternoon dip, too.

Maybe I'll get those 7's soon?

[Trueheart]

Ah, the share price going for its usual morning dip.

Trueheart

[Trueheart]

$8.20-$8.25 area next to overcome. IMO.

Trueheart

[Trueheart]

Just short of eight bucks!!! :)

Trueheart

[Slojab]

A fella can dream. ( :

I'm not seriously expecting 6s. But ya never know.

[Trueheart]

Niz on the sixes, SLO. Interest and value is too strong to allow it to go there.

Trueheart

[Slojab]

Can't do it, True.

In fact, I'd love low 6s! ( :

Nothing personal against SRZ. Just a chart thing.

[Trueheart]

Buy it now, damn it! :)

Trueheart

[Slojab]

I wish it would dip down to where I could replace the 8s I sold. ) :

[Trueheart]

Doing its morning dip. Almost like clockwork.

Trueheart

[Trueheart]

It seems to be holding that support level, at least so far.

Trueheart

[Pink]

Should find support here at the 50ma

[Trueheart]

Down around 13% from that post report high.

Trueheart

[Trueheart]

I think you're right about the reason for the fall today but, still, the drop fell below that heralded $7.75 area.

Looking for it to recover well and start its ascent into the mid eights.

Good luck, Slo.

Trueheart

[Slojab]

Just backing off yesterday's gains. The overall market is down, too, of course.

No, I haven't replaced those 8s yet. Waiting for cheaper "cheapies".

Btw, I'm not out altogether, True. Never will be either unless disaster strikes. ( :

[Trueheart]

Slo, this dip is surprising and runs counter to my analysis. Ouch!

Did you get in?

I also bought more but that was only because I had a stupid buy set at $7.85. Yipes!

Trueheart

[Slojab]

And that will be a little saddening in a way, True.

While this stock appreciates and has been a good investment since I got in, I've used the volatility to establish a bigger and bigger position.

Still looking to replace those $8s I sold a bit ago. ( :

[Trueheart]

It is my opinion that the share price will build over time. That it will moderate in volatility as the realization the Sunrise is a solid company sinks into the community.

Trueheart

[Trueheart]

$8.11 finish on reporting day. Not bad.

Trueheart

[Slojab]

News like this will do that. ( :

Sunrise Reports Financial Results for Fourth Quarter and Full Year of 2011

MCLEAN, VA - Sunrise Senior Living, Inc. (NYSE: SRZ) today reported financial results and operating data for the fourth quarter and full year of 2011. Sunrise will host a conference call and webcast on Thursday, March 1, 2012, at 9:00 a.m. ET, to discuss the financial results.

Mark Ordan, Sunrise’s chief executive officer, commented on the quarter and full year, “We are pleased to report a solid fourth quarter showing continued gains in occupancy, rate, and NOI. 2011 was a very positive year for Sunrise in which we also completed a series of NAV-accretive transactions.”

2011 Overview

During 2011, Sunrise restructured and recapitalized three ventures, raised $86.2 million under a convertible notes offering, acquired a venture partner’s 80% interest in a 15 community portfolio, secured a new $50.0 million bank credit facility, further reduced the Company’s annual recurring general and administrative expense by eliminating 69 positions, obtained third party approval to extend four leases related to operating communities until 2018, and sold six assets in the Company’s liquidating trust formed in 2009 in connection with restructuring debt related to discontinued German operations, reducing the Company’s restructuring obligations by $11.3 million.

2011 Annual Results

For the twelve months ended 2011, net loss was $(23.4) million, or $(0.41) per fully diluted share, as compared to net income of $99.1 million, or $1.72 per fully diluted share, for the twelve months ended December 31, 2010. 2010 net income was greatly influenced by non-recurring factors that included $63.3 million of buyout fees and $67.8 million of income from discontinued operations.

Adjusted EBITDAR for the twelve months ended December 31, 2011, was $147.0 million as compared to $117.8 million for the twelve months ended December 31, 2010. This measure is used by management to focus on income generated from the ongoing operations of the Company. Adjusted EBITDAR is a measure of operating performance that is not calculated in accordance with U.S. GAAP and should not be considered as a substitute for income/(loss) from operations or net income/(loss). For a reconciliation of this measure, please refer to the attached table “Reconciliation for EBITDA, Adjusted EBITDA and Adjusted EBITDAR.”

2011 Fourth Quarter Results

In the fourth quarter of 2011, Sunrise reported net income of $1.8 million or $0.03 per fully diluted share, as compared to net income of $50.0 million, or $0.87 per fully diluted share, for the fourth quarter of 2010. Sunrise’s fourth quarter 2010 results included $9.8 million in buyout fees, $19.2 million of income from discontinued operations, and a $25.0 million gain on the sale of equity interests in a joint venture portfolio.

Adjusted EBITDAR for the fourth quarter of 2011 was $42.9 million as compared to $25.3 million for the fourth quarter of 2010.



--------------------------------------------------------------------------------

Cash and Liquidity Update

Sunrise had $49.5 million of unrestricted cash at December 31, 2011. As of December 31, 2011, Sunrise’s consolidated debt was $593.7 million, as compared to $163.0 million at December 31, 2010, an increase of $430.7 million. The increase in consolidated debt primarily relates to the AL US acquisition totaling $322.0 million (at fair value), the issuance of junior subordinated convertible notes totaling $86.2 million, and borrowings under the revolving credit facility totaling $39.0 million.

In December 2011, Sunrise closed on an agreement with Marriott International, Inc. (“Marriott”) permitting the Company to extend for an additional five year term commencing January 1, 2014, certain lease obligations that would have otherwise expired effective December 31, 2013. Pursuant to the terms of the agreement, the Company provided Marriott with a letter of credit issued by KeyBank with a face amount of $85.0 million to secure Marriott’s exposure under the Lease Guarantee and entrance fee obligations that remain outstanding (approximately $5.6 million at December 31, 2011). Marriott may draw on the letter of credit in order to pay any of the secured obligations if they are not paid by the Company when due. The Company provided KeyBank with cash collateral of $85.0 million as security for its letter of credit obligations.

In connection with the December 2011 transaction, Sunrise has drawn approximately $39.0 million against its Credit Facility. Sunrise has also committed $10.2 million in letters of credit against its Credit Facility and therefore is unable to draw additional funds against the facility if needed. If Sunrise is unable to generate sufficient cash flow from operations or raise capital from other sources to fund the Company’s operations, it may have an adverse impact on the Company’s financial condition.

Joint Venture Transaction with CNL Lifestyle Properties

In October 2011, Sunrise and its venture partner in a portfolio of seven communities transferred ownership of the portfolio to a new joint venture owned approximately 68% by CNL Income Partners, LP, a subsidiary of CNL Lifestyle Properties and approximately 32% by Sunrise. In connection with the transaction, Sunrise transferred its interest in the previous joint venture valued at approximately $16.7 million and CNL Lifestyle Properties contributed approximately $35.4 million. The purchase was also funded by $120.0 million of new debt financing in the venture. Sunrise has the option to buy out CNL Lifestyle Properties’ interest from the start of year four to the end of year six for a purchase price that provides a 13% internal rate of return to them.

General and Administrative Expenses

In connection with the Company’s ongoing efforts to reduce its general and administrative expense, Sunrise eliminated 69 positions during the year ended December 31, 2011. Sunrise incurred severance costs associated with terminations of $1.4 million for the quarter ended, and $8.1 million for the year ended, December 31, 2011. Further, Sunrise’s general and administrative expense included $(0.4) million for the quarter ended, and $2.8 million for the year ended, December 31, 2011, in professional expenses associated with its previously announced venture transactions. Sunrise’s general and administrative expense for the year ended December 31, 2011 also included a $2 million retention bonus for its Chief Investment and Administrative Officer.

Operating Data for Fourth Quarter 2011



• Average unit occupancy for stabilized properties for the fourth quarter of 2011 was 88.2 percent, which was up 30 basis points from 87.9 percent for the fourth quarter of 2010, and up 30 basis points sequentially compared to 87.9 percent for the third quarter of 2011.




• Average daily revenue per occupied unit for stabilized properties increased 3.0 percent from $212.46 for the fourth quarter of 2010 to $218.92 for the fourth quarter of 2011.




• Stabilized property net operating income increased 0.5 percent from $144.1 million for the fourth quarter of 2010 to $144.8 million for the fourth quarter of 2011. Overall, net operating income including lease up properties increased 3.2 percent from the fourth quarter of 2010 to the fourth quarter of 2011. Fourth quarter 2010 net operating income includes a management fee expense credit relating to the Ventas portfolio of approximately $6.2 million.




--------------------------------------------------------------------------------

Stabilized properties are single properties or pools of properties owned or leased by Sunrise or owned by a joint venture where the single property or all of the communities in the pool have been open and operating for more than 36 months as of December 31, 2011. All managed communities are stabilized properties.

Subsequent Event – Santa Monica

On February 28, 2012, the Company closed on a purchase and sale agreement with a venture partner who owned 85% of the membership interests (the “Partner Interest”) in Santa Monica AL, LLC (“Santa Monica”). The Company owned the remaining 15% membership interest. Pursuant to the purchase and sale agreement, the Company purchased the Partner Interest for an aggregate purchase price of $16.2 million. Santa Monica indirectly owns one senior living facility located in Santa Monica, California. As a result of the transaction, effective February 28, 2012, the assets, liabilities and operating results of Santa Monica are consolidated.

Simultaneously, with the closing of the transaction, the Company entered into a new loan with Prudential Insurance Company of America to pool Santa Monica with Connecticut Avenue, and senior debt financed the two assets. The principal amount of the new loan in the aggregate is $55.0 million with an interest rate of 4.66%. It is a seven year loan that matures on March 1, 2019. The proceeds of the new loan were applied (i) to pay off $27.8 million of the Connecticut Avenue debt; (ii) to pay off $13.4 million of the Santa Monica debt; and (iii) towards the $16.2 million purchase price of the Partner Interest.

Supplemental Information

For additional details on Sunrise’s stabilized and lease up properties, please refer to the Supplemental Information attached. Also, additional supplemental information has been furnished to the Securities and Exchange Commission in a Form 8-K, and can also be found on the Supplemental Data link on the Investor Relations section of the Company’s Web site at http://suppdata.sunriseseniorliving.com/

Conference Call and Webcast

Sunrise will host a conference call and webcast at 9:00 a.m. ET on Thursday, March 1, 2012, to discuss the financial results for the fourth quarter and full year of 2011 and the other matters discussed in this press release. The call-in number for the conference call is 888-206-4893 or 913-312-0411 (from outside the U.S.). Callers should reference the “Sunrise Senior Living 2011 Year-End Earnings Call” or the participant passcode: 4844759. Those interested may also go to the Investor Relations section of the Company’s website ( http://www.sunriseseniorliving.com ) to listen to the earnings call. A telephone replay of the call will be available until March 15, 2012 at 1 p.m. ET, by dialing 888-203-1112 or 719-457-0820 (from outside the U.S.) and referencing replay passcode: 4844759; a replay will also be available on Sunrise’s website during that period.

[Trueheart]

Marvelous day in the pits for Sunrise, Slo.

Up about fifty cents and holding well.

Trueheart

[Pink]

Sunrise Reports Financial Results for Fourth Quarter and Full Year of 2011

Date : 03/01/2012 @ 6:00AM
Source : PR Newswire
Stock : Sunrise Senior Living (SRZ)
Quote : 7.74 0.0 (0.00%) @ 8:49AM

[Trueheart]

Ah, back to Sunrise taking its morning dip.

Trueheart

[Trueheart]

Taking a late in the day dump instead of leading off the day with the drop. Still, not getting down to $7.74.

Trueheart

[Trueheart]

Pink, that's a great question. The share price seems to race to that level right off and then it goes above eight bucks. Like clockwork.

The conference call is on Thursday and I think we can find churn until then. It's up or down from there.

I missed a buy this morning as I had placed it at $7.71.

Trueheart

[Pink]

SRZ really likes that 7.75 area, how many more times do you think that support can hold?

[Trueheart]

Doing its every morning dip. It's like clockwork. :)

Trueheart

[Trueheart]

$8.01 finish Thursday.

All over the damn place.

Trueheart

[Trueheart]

You need to take that to the complaint department. Hours are 3A-4A. LOL

I'm taking off to do some chores.

Have a pleasant evening.

Trueheart

[Slojab]

Yep. Maybe it'll give you reason to update then thar stickies.

Ya tink? lol

[Trueheart]

Can't wait for the report, Slo. Could be a nice net income for the first time in years. :)

Trueheart

[Slojab]

You could be right about it nebba happenin, True.

I sold some when it popped above $8.

And instantly, I questioned that move. { :

[Trueheart]

You really know how to put the hurt on me, Slo.

As they say in Japan, Nebba happen! :)

Trueheart

[Slojab]

Noooooo. 7. Not 7s! ( :

[Trueheart]

Well heck, Slo, ya got your sevens. So buy, buy, buy!!!

Trueheart

[Slojab]

Someone wants me to replace those 8s I sold, True.

Looking for Lucky 7!

[Trueheart]

Plunging on little volume. Shakers at work?

Trueheart

[Trueheart]

Closed at $7.97. Lousy day in the trenches. Late selling.


Trueheart

[Trueheart]

$8 again at approx noon.

Wringing out the stock?

Trueheart

[Trueheart]

$8.22 finish for the week. $.06 down.

Trueheart

[Trueheart]

Thanks for the post, Pink.

Trueheart

[Pink]

Sunrise to Host Conference Call and Webcast to Discuss Fourth-Quarter and Full-Year 2011 Financial Results

Sunrise Senior Living (NYSE:SRZ)

Today : Friday 17 February 2012

MCLEAN, Va., Feb. 17, 2012 /PRNewswire/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that it will host a conference call and webcast on Thursday, March 1, 2012, at 9:00 a.m. ET to discuss its financial results for the fourth-quarter and full-year 2011. Mark Ordan, chief executive officer, Greg Neeb, chief investment and administrative officer, and Marc Richards, chief financial officer, will host the call.

The call-in number for the conference call is 888-206-4893 or 913-312-0411 (from outside the U.S.). Callers should reference the "Sunrise Senior Living 2011 Year-End Earnings Call" or the participant passcode: 4844759. Those interested may also go to the Investor Relations section of the Company's website (http://www.sunriseseniorliving.com) to listen to the earnings call. A telephone replay of the call will be available until March 15, 2012 at 1 p.m. ET, by dialing 888-203-1112 or 719-457-0820 (from outside the U.S.) and referencing replay passcode: 4844759; a replay will also be available on Sunrise's website during that period.

About Sunrise Senior Living

Sunrise Senior Living, a McLean, Va.-based company, employs approximately 31,700 people. As of September 30, 2011, Sunrise operated 311 communities located in the United States, Canada and the United Kingdom, with a unit capacity of approximately 30,700 units. Sunrise offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services. Sunrise's senior living services are delivered by staff trained to encourage the independence, preserve the dignity, enable freedom of choice and protect the privacy of residents. To learn more about Sunrise, please visit http://www.sunriseseniorliving.com.

SOURCE Sunrise Senior Living, Inc.

[Trueheart]

Finished at the HOD of $8.02.

Trueheart

[Trueheart]

Well, there you go Pink. Just as the man said last week at the presentation. Making upper end living spaces for seniors who experience Sunrise as home.

Thanks for the post.

Have a great day in the pits.

Trueheart

[Trueheart]

Well, there you go Pink. Just as the man said last week at the presentation. Making upper end living spaces for seniors who experience Sunrise as home.

Thanks for the post.

Have a great day in the pits.

Trueheart

[Pink]

Sunrise Senior Living and HGTV's Emily Henderson Partner to Offer Design Tips for Seniors

Sunrise Senior Living (NYSE:SRZ)

MCLEAN, Va., Feb. 13, 2012


MCLEAN, Va., Feb. 13, 2012 /PRNewswire/ -- Sunrise Senior Living (NYSE: SRZ) announced today a new partnership with HGTV Designer and Host Emily Henderson. Celebrated for her ability to make spaces feel homelike, Emily Henderson will serve as interior design expert and spokesperson for Sunrise Senior Living's campaign to help seniors and their families design spaces that address the changes caused by aging, as well as support the transition from a larger home to apartment-style living.

(Photo: http://photos.prnewswire.com/prnh/20120213/PH51809 )

"A Sunrise principle of service is to celebrate the individuality of every resident and that is exactly what I try to do as a designer," said Emily Henderson. "When someone walks into your room, it should feel like you."

Since its founding, Sunrise has focused on championing quality of life by creating a homelike environment for seniors where their dignity is preserved and they can remain as independent as possible. With the help of Emily Henderson, Sunrise continues this tradition, encouraging seniors to design their Sunrise suites in ways that reflect their interests and personal histories.

"For 30 years, Sunrise has worked to provide a comfortable and supportive environment for our residents that they can call home," said Laura McDuffie, head of Operations for Sunrise. "Emily's design tips help seniors create warm, inviting and functional spaces that truly reflect their personality and tastes. We are delighted to work with Emily on this project so that seniors everywhere have a home in which they can lead enriched and meaningful lives."

Design Tips

Emily shares her advice for seniors and their families with the following 10 design tips:
•Ensure Major Pieces of Furniture Are Functional: Sofas are arguably the most important piece of furniture, so they need to be functional and stylish. First rule: be sure not to choose sofas and chairs that are super low and deep. Yes, we may think of these as comfy and cozy, but they can easily swallow you up and be hard to get in and out of. Also, think of sturdy, well-proportioned upholstered arms, so they are something one can really lean on - nothing too flimsy.
•Select a Contrasting Wall Color: Choosing wall colors can be the single most important element in a room. A bad wall color can make or break a room. Here's the key: it's important that the wall color has a distinct contrast in color than that of the floor color. And since vision yellows with age, its best to choose a warm toned color.
•Look for a Multi-purpose Dining Table: I recommend a dining table with shelves for extra storage space and drop-leaf sides that provide flexibility.
•Personalize Wall Art: Frame large photos of you and your family – this is what will make your new home truly your own. For a more modern and conservative look, get all the same color frame and arrange in a grid. A "Gallery in a Box" product is the easiest way to create this look.
•Add Safety Rails: Disguise a handrail by making it into a chair rail. Paint the top half of your wall a darker color than the bottom half and install the handrail in the middle.
•Create Storage Solutions: Storage can be disguised as a chic piece of furniture, such as an ottoman. Add a tray on top and make it a coffee table or use it for extra storage. These pieces can solve so many issues while still looking good.
•Use Convenient, Practical Lighting: Sconces near the bed free up nightstand space and help avoid late night fumbling for the switch. Stick with paper or fabric shades to avoid harsh direct light and keep the sconce below the eye-line when lying down.
•Keep Accessories Simple and Meaningful: Incorporate a soft blanket on a sofa, or fill pretty baskets with favorite mementos.
•Incorporate Round Furniture in Your Room: It keeps the layout open and the room void of sharp corners. Avoid rectangular glass top tables as they can cause injuries.
•Outfit Your Bed with an Upholstered Headboard: Keep it soft for easy reading and sleeping. To keep the cost down, upholster the bed yourself and only purchase a headboard with a simple platform or metal bed frame.

For more information on these tips, recommended products and other information from Sunrise's design team, visit http://www.sunriseseniorliving.com/Design.

To see these design tips in action, visit a Sunrise Senior Living community during the Sunrise Tour of Homes from March 18 – 24. Visitors will be able to tour actual resident suites as well as pick up a complimentary copy of Sunrise's Comforts of Home Design Guide. For more information about the Tour of Homes and to find a participating community near you, visit http://www.sunriseseniorliving.com/Tour.

About Sunrise Senior Living

Sunrise Senior Living, a McLean, Va.-based company, employs approximately 31,700 people. As of September 30, 2011, Sunrise operated 311 communities located in the United States, Canada and the United Kingdom, with a unit capacity of approximately 30,700 units. Sunrise offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services. Sunrise's senior living services are delivered by staff trained to encourage the independence, preserve the dignity, enable freedom of choice and protect the privacy of residents. To learn more about Sunrise, please visit http://www.sunriseseniorliving.com.

Contact:Sara AbriatisCorporate Communications(703) 744-1829



SOURCE Sunrise Senior Living

[Trueheart]

Damn swing's enough to give one a heart attack.

Trueheart

[Trueheart]

$7.88 close, Thursday.

Trueheart

[Trueheart]

Jony, it's my opinion that the correction is on-going. The share price fell to $7.74 so far today, a number that I thought it would hit as I mentioned in previous posts. May go lower but I don't think so.

Hope this helps.

Trueheart

[JonyJL]

Thanks trueheart. I see you guys are predicting a bit of a correction in this crazy run? I pulled out a few bux ago (doh!) for a quick flip... I don't have much invested here .. a couple grand.. but do you think there will be a correction in this run?

Unless it's overruled by good financials?