Investor Contact: Carey Hendrickson, Chief Financial Officer Phone: 1-972-770-5600 chendrickson@capitalsenior.com Press Contact: Susan J. Turkell, 303-766-4343, sturkell@capitalsenior.com CAPITAL SE

CAPITAL SENIOR LIVING CORPORATION

REPORTS 2019 FIRST QUARTER RESULTS

Operational Initiatives Unveiled During First Quarter Start to Take Hold;

Early Indicators Show Signs of Operational Stabilization

DALLAS (GLOBE NEWSWIRE) May 9, 2019 Capital Senior Living Corporation (the Company ) (NYSE: CSU), one of the

nation s largest operators of senior housing communities, announced today operating and financial results for the first quarter ended March 31, 2019.

While there is still much work to do as we continue to execute our Stabilize, Invest, Nurture and Grow strategy, we are encouraged by the emerging signs

of operational stability indicated by our first quarter results. In what is typically the most challenging quarter of the year, our consolidated occupancy, NOI and NOI margin remained consistent with the fourth quarter of 2018, suggesting that our

recent initiatives are taking hold and our operations are stabilizing. During the first quarter, we took several steps to improve our operational execution. We changed our structure and personnel in operations, sales and marketing; implemented

several elements of our people strategy; expanded our centralized purchasing platform; and, implemented new processes to improve our data insights, analytics, and operational execution. I am pleased to see that these changes have been embraced by

our community teams and have created a clear focus on our collective path forward, said Kimberly S. Lody, President and Chief Executive Officer.

We are fully committed to taking the necessary steps to continue improving the Company s execution, operations and financial performance. Since

joining the Company in early January, I have visited more than 30 of our communities across the U.S., interacting with both residents and employees to see how we can improve the quality of our care and operations. Based on these firsthand

observations of our community leadership teams, real estate and the resident-centric care and services we provide, I believe now more than ever that we have a solid foundation upon which we can build an excellent future, Lody

While we expect market conditions to remain challenging throughout 2019, we are confident that we will continue making progress towards

improving the consistency and predictability of our operating results. We look forward to emerging as a stronger Capital Senior Living for the benefit of our shareholders and all stakeholders, Lody concluded.

Operating and Financial Summary (all amounts in this operating and financial summary exclude

two communities undergoing lease-up or significant renovation and conversion, unless otherwise noted; also, see Non-GAAP Financial Measures below and

reconciliation of Non-GAAP measures to the most directly comparable GAAP measure on the final page of this release):

On May 1, the Company closed on the sale of its community in Kokomo, Indiana, at a price of $5.0 million. The

transaction resulted in approximately $1.4 million in net cash proceeds. The community had a negative CFFO contribution of approximately $0.2 million in 2018. The community was classified as held for sale on the Company s balance

sheet at March 31, 2019, and an impairment charge of $2.3 million was recorded in the first quarter of 2019. The Company is marketing a limited number of additional assets for potential divestiture. Some are under purchase and sale

agreements, which are in the final phases of due diligence with anticipated closings within the next 90 days. These assets are expected to generate strong value and meaningful net cash proceeds for the Company.

Carey P. Hendrickson, the Company s Chief Financial Officer, said: Consistent with our normal business practices, the sale of Kokomo and the

expected divestiture of additional communities, including the communities currently engaged in the due diligence process, are expected to strengthen our financial foundation and optimize our asset portfolio.

Financial Results - First Quarter

quarter of 2019, the Company reported revenue of $114.2 million, compared with revenue of $114.6 million in the first quarter of 2018. Revenue for consolidated communities excluding the two communities undergoing significant renovation and

conversion, was $112.9 million, a decrease of 0.4%, in the first quarter of 2019 when compared with the first quarter of 2018.

for the first quarter of 2019 were $75.4 million, an increase of $3.7 million, or 5.2%, from the first quarter of 2018. Operating expenses in the first quarter of 2019 included a $1.2 million business interruption insurance credit

related to the Company s two Houston communities impacted by Hurricane Harvey to offset the lost revenues and continuing expenses, and to restore the communities net income for the first quarter of 2019 based on an approximate average of

the communities net income in the seven months of 2017 prior to the hurricane. The business interruption credit was $1.6 million in the comparable period a year ago.

General and administrative expenses for the first quarter of 2019 were $7.6 million versus $6.0 million in the first quarter of 2018. Excluding

transaction and conversion costs in both periods (including approximately $1.2 million related to separation and

placement costs associated with the Company s CEO and COO roles), general and administrative expenses decreased $0.1 million in the first quarter of 2019 versus the first quarter of

2018. As a percentage of revenues under management, general and administrative expenses, excluding transaction and conversion costs, were 5.1% in the first quarter of 2019, the same as in the first quarter of last year.

Income from operations for the first quarter of 2019 was $2.0 million. This compares with $5.4 million in the first quarter of 2018.

The Company s Non-GAAP financial measures exclude two communities that are undergoing significant renovation and

conversion (see Non-GAAP Financial Measures below).

Adjusted EBITDAR for the first quarter of 2019

was $34.3 million, compared with $37.9 million in the first quarter of 2018. Adjusted CFFO was $5.5 million in the first quarter of 2019 and $10.4 million in the first quarter of 2018. CFFO for the first quarter of 2019 includes

a negative net impact of $0.5 million related to the Company s adoption of the new lease accounting standard ( ASC 842 ) effective January 1, 2019. There was no impact on Adjusted EBITDAR related to the adoption of the new

Operating Activities

community results exclude two previously noted communities undergoing lease-up or significant renovation and conversion, as well as the two Houston communities impacted by Hurricane Harvey which are also in lease-up. Same-community results also exclude certain conversion costs.

Same-community revenue in the first quarter of

2019 decreased 1.2% versus the first quarter of 2018.

Same-community operating expenses increased 3.3% in the first quarter of 2019 versus the first

quarter of 2018, excluding conversion costs in all periods. On the same basis, labor costs, including benefits, increased 2.4% in the first quarter, while food costs and utilities decreased 1.3% and 1.4%, respectively. Same-community net operating

income decreased 8.5% in the first quarter of 2019 when compared with the same period a year ago.

Capital expenditures were $3.4 million for the

first quarter of 2019.

Company ended the first quarter with $35.2 million of cash and cash equivalents, including restricted cash. As of March 31, 2019, the Company financed its owned communities with mortgages totaling $978.0 million, at interest rates

averaging 4.9%. The majority of the Company s debt is at fixed interest rates excluding three bridge loans totaling approximately $80 million; two of which mature in 2020 and the other in 2021, and approximately $50 million of

long-term variable rate debt under the Master Credit Facility. The earliest maturity date for the Company s fixed-rate debt is in 2022.

The Company s cash on hand and cash flow from operations are expected to be sufficient for working

capital and to fund the Company s capital expenditures.

Q1 2019 Conference Call Information

The Company will host a conference call with senior management to discuss the Company s 2019 first quarter financial results on Thursday, May 9,

2019, at 10:00 a.m. Eastern Time. To participate, dial 323-794-2423, and use confirmation code 7027397. A link to a simultaneous webcast of the teleconference will be

available at www.capitalsenior.com.

For the convenience of the Company s shareholders and the public, the conference call will be recorded

and available for replay starting May 9, 2019 at 11:00 a.m. Eastern Time, until May 17, 2019 at 11:00 a.m. Eastern Time. To access the conference call replay, call

719-457-0820, and use confirmation code 7027397. The conference call will also be made available for playback via the Company s corporate website at

https://www.capitalsenior.com/investor-relations/conference-calls/.

Non-GAAP Financial Measures of

Operating Performance

Adjusted EBITDAR is a financial valuation measure and Adjusted Net Income/(Loss) and Adjusted CFFO are financial performance

measures that are not calculated in accordance with U.S. generally accepted accounting principles ( GAAP ). Non-GAAP financial measures may have material limitations in that they do not reflect all

of the costs associated with our results of operations as determined in accordance with GAAP. As a result, these non-GAAP financial measures should not be considered a substitute for, nor superior to,

financial results and measures determined or calculated in accordance with GAAP.

Adjusted EBITDAR is a valuation measure commonly used by Company

management, research analysts and investors to value companies in the senior living industry. Since Adjusted EBITDAR excludes interest expense and rent expense, it allows Company management, research analysts and investors to compare the enterprise

values of different companies without regard to differences in capital structures and leasing arrangements.

The Company believes that Adjusted Net

Income/(Loss) and Adjusted CFFO are useful as performance measures in identifying trends in day-to-day operations because they exclude the costs associated with

acquisitions and conversions and other items that do not ordinarily reflect the ongoing operating results of our primary business. Adjusted Net Income/(Loss) and Adjusted CFFO provide indicators to management of progress in achieving both

consolidated and individual business unit operating performance and are used by research analysts and investors to evaluate the performance of companies in the senior living industry.

The Company strongly urges you to review the reconciliation of net loss to Adjusted EBITDAR and the

reconciliation of net income/(loss) to Adjusted Net Income/(Loss) and Adjusted CFFO, along with the Company s consolidated balance sheets, statements of operations, and statements of cash flows. This is included on the last page of this press

Capital Senior Living Corporation is one of the nation s largest operators of independent living, assisted living and memory care communities for senior adults. The Company s 129 communities are home to nearly 12,000 residents

across 23 states and provide compassionate, resident-centric service and care as well as engaging programming. Capital Senior Living offers seniors the freedom and opportunity to successfully, comfortably and happily age in place. For more

information, visit www.capitalsenior.com or connect with the Company on Facebook.

The forward-looking statements in this release are subject to certain risks and uncertainties that could cause the Company s actual results and

financial condition to differ materially, including, but not limited to, the Company s ability to generate sufficient cash flow to satisfy its debt and lease obligations and to fund the Company s capital improvement projects to expand,

redevelop, and/or reposition its senior living communities; the Company s ability to obtain additional capital on terms acceptable to it; the Company s ability to extend or refinance its existing debt as such debt matures; the

Company s compliance with its debt and lease agreements; the Company s ability to complete acquisitions and dispositions upon favorable terms or at all; the risk of oversupply and increased competition in the markets which the Company

operates; the risk of increased competition for skilled workers due to wage pressure and changes in regulatory requirements; the departure of the Company s key officers and personnel; the cost and difficulty of complying with applicable

licensure, legislative oversight, or regulatory changes; the risks associated with a decline in economic conditions generally; the adequacy and continued availability of the Company s insurance policies and the Company s ability to recover

any losses it sustains under such policies; changes in accounting principles and interpretations; and the other risks and factors identified from time to time in the Company s reports filed with the Securities and Exchange Commission.

For information about Capital Senior Living, visit www.capitalsenior.com.

Investor Contact Carey P. Hendrickson, Chief Financial Officer, at

972-770-5600 or chendrickson@capitalsenior.com.

Susan J. Turkell at 303-766-4343 or sturkell@capitalsenior.com.

CAPITAL SENIOR LIVING CORPORATION

CONSOLIDATED BALANCE SHEETS

(unaudited, in thousands, except per share data)

CAPITAL SENIOR LIVING CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(unaudited, in thousands, except per share data)