Brookdale Reports August 2022 Occupancy
Brookdale Senior Living (NYSE: BKD) reported significant occupancy gains for August 2022, achieving over 2,200 move-ins, the highest in four years. The sequential weighted average occupancy increased by 50 basis points, reaching an 80 basis points rise at month-end. Since March 2021, occupancy has surged by 700 basis points, marking ten consecutive months of year-over-year growth. Brookdale operates 674 communities across 41 states, serving over 60,000 residents.
- Over 2,200 move-ins in August, the highest in four years.
- Sequential weighted average occupancy increased by 50 basis points.
- Month-end occupancy rose by 80 basis points.
- 700 basis points growth in weighted average occupancy since March 2021.
- Ten consecutive months of year-over-year weighted average occupancy growth.
- None.
NASHVILLE, Tenn., Sept. 9, 2022 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for August 2022.
August 2022 Observations:
- Achieved over 2,200 move-ins during August, the highest number of move-ins over the past four years.
- Increased sequential weighted average occupancy by 50 basis points and month end occupancy by 80 basis points.
- Weighted average occupancy grew 700 basis points since the start of the recovery in March 2021.
- Achieved ten consecutive months of year over year weighted average occupancy growth.
About Brookdale Senior Living
Brookdale Senior Living Inc. is the nation's premier operator of senior living communities. The Company 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, memory care, and continuing care retirement communities. Through its comprehensive network, Brookdale helps to provide seniors with care and services in an environment that feels like home. The Company's expertise in healthcare, hospitality and real estate provides residents with opportunities to improve wellness, pursue passions and stay connected with friends and loved ones. Brookdale operates and manages 674 communities in 41 states as of June 30, 2022, with the ability to serve more than 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.
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