Brookdale Reports August 2021 Occupancy

Rhea-AI Summary

Brookdale Senior Living Inc. (BKD) announced its consolidated occupancy for August 2021, reporting six consecutive months of occupancy growth. The weighted average occupancy percentage increased by 50 basis points sequentially, despite the challenges posed by the COVID-19 delta variant. The company plans to continue publishing monthly occupancy reports until it resumes providing financial guidance and returns to historical reporting practices.

Positive

• Six consecutive months of occupancy growth.
• Weighted average occupancy increased by 50 basis points sequentially.
• Despite COVID-19 challenges, occupancy rose in August.

Negative

• None.

NASHVILLE, Tenn., Sept. 9, 2021 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for August 2021.

 

August 2021 Observations:

• Six consecutive months of occupancy growth.
• Sequentially, the weighted average occupancy percentage increased 50 bps.
• For the month of August, Brookdale achieved an increase in occupancy on a sequential basis, even with the rise of the COVID-19 delta variant in the general U.S. population.
• We expect to continue to publish monthly occupancy reports until we return to providing financial guidance, at which point we would expect to return to our historical reporting practices.

About Brookdale Senior Living
Brookdale Senior Living Inc., the nation's premier operator of senior living communities, is committed to its mission of enriching the lives of the people it serves with compassion, respect, excellence and integrity. The Company operates independent living, assisted living, Alzheimer's and dementia care communities, and through its comprehensive network of services, Brookdale helps to provide seniors with care and services to support their lifestyle in an environment that feels like home. The Company's expertise in healthcare, hospitality and real estate provides our residents with opportunities to improve wellness, pursue passions and stay connected with friends and loved ones. The Company operates and manages 685 communities in 41 states as of June 30, 2021, with the ability to serve over 60,000 residents. Brookdale's stock trades on the New York Stock Exchange under the ticker symbol BKD. For more information, visit brookdale.com or connect with Brookdale on Facebook or Twitter.

 

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SOURCE Brookdale Senior Living Inc.

FAQ

What was Brookdale Senior Living's occupancy in August 2021?

Brookdale Senior Living reported an increase in occupancy for August 2021, marking six consecutive months of growth.

How much did occupancy increase in August 2021 for BKD?

In August 2021, the weighted average occupancy percentage for Brookdale increased by 50 basis points sequentially.

What challenges did BKD face in August 2021?

Brookdale Senior Living faced challenges from the rise of the COVID-19 delta variant but still achieved an increase in occupancy.

When will Brookdale Senior Living resume financial guidance?

Brookdale Senior Living plans to continue monthly occupancy reports until it returns to providing financial guidance.

How many communities does Brookdale operate as of June 2021?

As of June 30, 2021, Brookdale operated 685 communities across 41 states.