Chairman and chief executive Scott Schaeffer said leasing momentum built during the quarter. New lease trade-outs improved 310 basis points year over year, driving blended rent growth of 2.8%, while average occupancy held steady at 95.0% and resident retention was 60.5%. He said the …
Same-store adjusted NOI increased 25.9% andMarginexpanded 360 basis points. Same-store revenues rose 9.8%, driven by 300 basis points of average occupancy growth and 6.5% growth in revenue per occupied room. Non-refundable entrance fee sales reached a third-quarter record of USD 47 million.
Cost of product sales fell to USD 110.6 million from USD 128.9 million, mainly because the inventoryFair Valuestep-up was fully recognized in the second quarter of 2026, partly offset by higherRoyaltyexpense. Research and development expense rose to USD 211.9 million from USD 198.2 million, …
Net income was USD 4.7 million, a 2% margin, or USD 0.07 per basic and diluted share. Non-GAAPNet Incomewas USD 33.8 million, a 14% margin, equal to USD 0.53 per basic share and USD 0.49 per diluted share. Adjusted EBITDA was USD 34.9 million, …
GAAP grossMarginwas 67.4%, compared with 70.3% in the second quarter and 67.9% a year earlier, and non-GAAP gross margin was 70.9%, compared with 71.7% and 69.5%. GAAPNet Incomewas USD 11.2 million, a 3.9% margin, or USD 0.08 per diluted share, versus USD 19.4 million …
GAAP net income was USD 58.4 million, or USD 1.51 per diluted share, versus USD 69.6 million and USD 1.77, a decrease the company attributed to Autronica acquisition costs. Adjusted earnings were USD 80.6 million, or USD 2.09 per diluted share, versus USD 76.2 …
Cost of revenue fell 16% to 23% of revenue, helped by savings from alternative payments, while selling and marketing costs rose USD 16 million, or 9%, to 21% of revenue.
Year-over-year sales growth came from higher average base sales prices, higher raw materialSurchargeRevenueper ton and favorable mix. Ship tons fell 5% sequentially to 165,800 tons on lower automotive and energy shipments, and rose 2% year over year on aerospace and defense and energy.
Research and development expense was USD 351.8 million versus USD 250.0 million, or 31.3% of revenue, and selling, general and administrative expense was USD 366.3 million versus USD 291.6 million, or 32.6% ofRevenueversus 36.7%. Acquired in-processResearch and Developmentexpense was USD 11.7 million.Operating Incomerose to …
The quarter's income consisted of about USD 34.2 million of cash interest, USD 6.6 million of payment-in-kind interest, USD 2.9 million of net amortization of purchase premiums and discounts, USD 0.1 million of prepayment fees, USD 9.5 million of cash dividends, USD 5.2 million …