There is also news this quarter about our Public Charter School portfolio. The third calendar quarter is when we get our first enrollment counts for our Public Charter Schools. This of course substantially determines their reimbursement revenue for the school year.Our aggregate enrollments were right on top of where they were last year, about 12,700 students representing 86% occupancy this year compares with 12,900 students, 87% occupancy for last year. This level of performance correlates with about a 1.8 times coverage of the rent obligation, a level with which we are comfortable and is consistent with our underwriting....
Friday, December 18, 2009
Charter Enrollment = $$$$ for For-Profits
From a posting at Seeking Alpha: Stock Market News, Opinion & Analysis, Investing Ideas, discussing the financial prospects of Entertainment Properties Trust (they do business - lucrative business - with the Imagine Schools folks):