Extendicare REIT expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on February 24, 2010).

Extendicare REIT provided CapEx guidance for the year of 2010. The company is expecting to spend approximately CAD 35.0 million in facility maintenance capital expenditures and approximately CAD 55.0 million in growth capital expenditures in 2010.

Extendicare REIT reported earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company reported net earnings were CAD 15.7 million or CAD 0.21 per diluted share on revenue of CAD 522.5 million against net loss of CAD 4.5 million or CAD 0.07 loss per diluted share on revenue of CAD 559.7 million for the same period last year. EBITDA was CAD 59.4 million against CAD 61.6 million for the same period last year. Earnings from continuing operations improved to CAD 18.0 million or CAD 0.24 per diluted unit from a loss of CAD 9.1 million or CAD 0.13 per diluted unit in the 2008 fourth quarter. Earnings from continuing operations before income taxes were CAD 23.7 million against CAD 0.8 million for the same period last year. Cash from operating activities was CAD 51.8 million against CAD 46.3 million for the same period last year. Growth capital expenditures were CAD 17.3 million against CAD 6.3 million for the same period last year. Maintenance capital expenditures were CAD 12.4 million against CAD 9.6 million for the same period last year. AFFO from continuing operations were CAD 59.9 million or CAD 0.71 per diluted share against CAD 21.3 million or CAD 0.26 per diluted share for the same period last year. For the year, the company reported net earnings were CAD 77.7 million or CAD 1.02 per diluted share on revenue of CAD 2,167.2 million against net earnings of CAD 13.4 million or CAD 0.18 per diluted share on revenue of CAD 1,986.3 million for the same period last year. EBITDA was CAD 265.7 million against CAD 201.8 million for the same period last year. Earnings from continuing operations improved to CAD 80.2 million or CAD 1.05 per diluted unit from CAD 6.4 million or CAD 0.09 per diluted unit in the 2008. Earnings from continuing operations before income taxes were CAD 125.8 million against CAD 29.6 million for the same period last year. Cash from operating activities was CAD 185.1 million against CAD 105.1 million for the same period last year. Growth capital expenditures were CAD 55.6 million against CAD 39.2 million for the same period last year. Maintenance capital expenditures were CAD 36.0 million against CAD 28.4 million for the same period last year. AFFO from continuing operations were CAD 141.4 million or CAD 1.72 per diluted share against CAD 72.4 million or CAD 0.95 per diluted share for the same period last year.