Capital Senior Living Announces June 2021 Occupancy

Rhea-AI Summary

Capital Senior Living Corporation (NYSE: CSU) reported significant progress in June 2021, achieving an occupancy rate of 79.1%, marking a 380 basis points increase from its pandemic low of 75.3% in February 2021. This growth is attributed to rising vaccination rates among residents, less restrictive visitation policies, and enhanced resident-centric programs like the Magnolia Trails memory care initiative.

Positive

• Occupancy increased to 79.1%, up 380 basis points from February's 75.3%.
• Nearly all residents are fully vaccinated, contributing to increased confidence.
• Full in-person tours and communal activities resumed, driving engagement.

Negative

• None.

Capital Senior Living Corporation (the “Company” or “Capital Senior Living”) (NYSE: CSU), a leading owner-operator of senior living communities and services announced its June 2021 occupancy.

Capital Senior Living Occupancy (Graphic: Business Wire)

June marks the fourth month of consecutive growth for the Company with occupancy at 79.1%, an increase of 380 basis points from the pandemic low average monthly occupancy of 75.3% in February of 2021.

Several factors continue to contribute to increased occupancy:

• Increasing vaccination rates among the Company’s resident population; nearly all residents now fully vaccinated

• Less restrictive visitation, full in-person tours, communal dining, group activities and events

• The continued implementation of differentiated resident-centric programs, such as the Magnolia Trails memory care program

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. For more information, visit http://www.capitalsenior.com or connect with the Company on Facebook or Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210722005520/en/

FAQ

What was Capital Senior Living's occupancy rate in June 2021?

Capital Senior Living's occupancy rate in June 2021 was 79.1%.

How much did occupancy increase from February to June 2021 for CSU?

Occupancy increased by 380 basis points from 75.3% in February 2021 to 79.1% in June 2021.

What factors contributed to the increase in occupancy for CSU?

Factors include increasing vaccination rates, less restrictive visitation policies, and resident-centric programs.

How many communities does Capital Senior Living operate?

Capital Senior Living operates 75 communities across 18 states.