Earnings Feed

$202 million

In Q2, we delivered record quarterly revenue ex interest income, up 16% year-over-year, ahead of our medium-term target.

29.4% year-over-year increase

SHOP NOI increased by over 29% compared to the second quarter of 2024, with record RevPOR growth of 3.7% and NOI margin at 26.9%.

$1.36 per diluted share

For the quarter, we earned $1.36 per diluted share compared to $1.31 in the linked quarter and $1.19 in the second quarter of 2024.

$0.38

Our core earnings per share of $0.38 surpasses consensus estimates by $0.03 and was an improvement from the $0.32 reported in the first quarter.

$147 million

Adjusted EBITDA totaled $147 million and was up significantly from $79 million in Q2 of last year.

Net interest margin declined only 2 basis points to 3.5% despite a 96 basis point drop in SOFR over five quarters

The margin stability refutes the notion of an asset-sensitive balance sheet and reflects effective match funding strategies.

$4.24

Diluted GAAP earnings per share were $4.24, up from $3.32 in the prior quarter.