Examples of Extendicare REIT in a sentence
Extendicare REIT and Assisted Living Concepts, Inc (TSX: EXE.UN) operates 265 senior care facilities in Canada and in the United States with the ability to serve approximately 29,400 residents.
EHSI is required to maintain: (1) a consolidated leverage ratio (exclusive of any notes owing to Extendicare REIT and its subsidiaries) of less than 5.5 to 1.0; and (2) a consolidated fixed charge ratio of at least 1.50 to 1.00.
The consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles (GAAP) and include the accounts of Extendicare REIT, its subsidiaries and its partnerships and its 34.8% ownership interest in Crown Life Insurance Company (Crown Life), which was accounted for by the equity method at December 31, 2006.
Shareholders also approved the adoption of a unitholder rights plan for Extendicare REIT.
Extendicare REIT — March 2007 Management’s Discussion and Analysis Liquidity and Capital Resources Sources and Uses of Cash At March 31, 2007, the REIT had cash and cash equivalents of $42.9 million compared with $28.1 million at December 31, 2006.
Extendicare REIT is a Canadian unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario by the Deed of Trust.
Extendicare REIT, through its subsidiary operating entities, owns and continues to operate the U.S. and Canadian nursing home businesses, a smaller number of assisted living homes and related businesses of Extendicare and holds Extendicare’s investment in Crown Life.
Extendicare REIT — March 2007 Extendicare REIT — Notes to the Unaudited Consolidated Financial Statements The following table reconciles the numerator and denominator of the basic and diluted earnings per unit/share computation.
Extendicare REIT is working towards closing the transaction by the end of 2007.
Real Estate Portfolio Diversification REAL ESTATE PORTFOLIO Owned Portfolio – Operator Diversification Operator % % Extendicare REIT and Assisted Living Concepts, Inc 37 88,034 $ 11.9% 10,963 $ 12.9% Brookdale Senior Living Communities, Inc.