Total Revenue

+16%

Q1 2025 Total Revenue reached 1,173,041 thousand USD, up 16% from Q1 2024’s 1,010,172 thousand USD. This increase is driven by higher occupancy rates (e.g., Same Facilities increased by 2.9% and Transitioning Facilities by 5.0%), improved daily revenue rates, and the significant contribution from recently acquired facilities (adding an extra $95.7 million). " " " " "

Service Revenue

+16%

Q1 2025 Service Revenue increased to 1,167,040 thousand USD from 1,004,485 thousand USD in Q1 2024. This growth closely mirrors the overall revenue increase and reflects enhanced operational capacity, including better occupancy and service delivery due to similar factors impacting Total Revenue. " "

Income from Operations

+23%

Income from Operations rose from 82,218 thousand USD in Q1 2024 to 101,373 thousand USD in Q1 2025—a 23% increase. This improvement is attributed to higher revenue performance combined with effective expense management, which collectively bolstered operational efficiency. " "

Net Income

+16.6%

Net Income increased by 16.6%, climbing from 68,960 thousand USD in Q1 2024 to 80,353 thousand USD in Q1 2025. The rise is mainly due to the higher revenue streams and controlled cost increases that enhanced overall profitability during the period. " "

Depreciation & Amortization

+23%

Depreciation and Amortization expenses increased by 23%, from 19,657 thousand USD in Q1 2024 to 24,188 thousand USD in Q1 2025. This change is primarily due to increased capital expenditures and acquisitions that expanded the asset base, thereby driving up the depreciation charge. " "

Cash & Cash Equivalents

-45%

Cash and Cash Equivalents fell by roughly 45%, declining from 511,839 thousand USD in Q1 2024 to 282,666 thousand USD in Q1 2025. This substantial decrease results from significant investing outflows—including higher capital expenditures, acquisitions, and share repurchases—despite improved operating cash inflows. " " " "

Operating Cash Flow

+104% (more than doubled)

Operating Cash Flow surged from 35,312 thousand USD in Q1 2024 to 72,220 thousand USD in Q1 2025, more than doubling the previous value. This boost is driven by improved operational performance, enhanced timing in cash collections, and overall streamlined working capital management. " "