Brookdale Reports August 2024 Occupancy
Brookdale Senior Living Inc. (NYSE: BKD) reported its consolidated occupancy for August 2024, showing positive trends in its senior living communities. The weighted average occupancy increased by 30 basis points to 78.9%, reaching a new high since the recovery began in March 2021. Notably, the month-end occupancy surpassed 80%, closing at 80.4%. Compared to the previous year, August's weighted average occupancy rose by 130 basis points, while the third quarter-to-date showed a 140 basis point increase. Brookdale, the nation's premier operator of senior living communities, manages 649 communities across 41 states, serving approximately 59,000 residents as of June 30, 2024.
Brookdale Senior Living Inc. (NYSE: BKD) ha riportato il tasso di occupazione consolidato per agosto 2024, evidenziando tendenze positive nelle sue comunità per anziani. La percentuale di occupazione media ponderata è aumentata di 30 punti base, raggiungendo il 78,9%, toccando un nuovo massimo da quando è iniziato il recupero a marzo 2021. È significativo che l'occupazione alla fine del mese abbia superato l'80%, chiudendo al 80,4%. Rispetto all'anno precedente, l'occupazione media ponderata di agosto è aumentata di 130 punti base, mentre il terzo trimestre fino ad oggi ha mostrato un incremento di 140 punti base. Brookdale, il principale operatore di comunità per anziani nel paese, gestisce 649 comunità in 41 stati, servendo circa 59.000 residenti al 30 giugno 2024.
Brookdale Senior Living Inc. (NYSE: BKD) informó sobre su ocupación consolidada para agosto de 2024, mostrando tendencias positivas en sus comunidades de vida asistida. La ocupación promedio ponderada aumentó 30 puntos básicos, alcanzando el 78,9%, registrado un nuevo máximo desde que comenzó la recuperación en marzo de 2021. Notablemente, la ocupación a finales de mes superó el 80%, cerrando en 80,4%. En comparación con el año anterior, la ocupación promedio ponderada de agosto subió 130 puntos básicos, mientras que el tercer trimestre hasta la fecha mostró un aumento de 140 puntos básicos. Brookdale, el principal operador de comunidades para personas mayores en el país, gestiona 649 comunidades en 41 estados, sirviendo a aproximadamente 59,000 residentes hasta el 30 de junio de 2024.
브룩데일 시니어 리빙 주식회사 (NYSE: BKD)는 2024년 8월에 대한 통합 점유율을 보고하며, 노인 생활 커뮤니티에서 긍정적인 추세를 보이고 있습니다. 가중 평균 점유율이 30 베이시스 포인트 증가하여 78.9%에 도달했습니다. 이는 2021년 3월 회복이 시작된 이후 새로운 최고치를 기록한 것입니다. 특히, 월말 점유율이 80%를 초과하여 80.4%로 마감했습니다. 지난해와 비교해 보았을 때, 8월의 가중 평균 점유율은 130 베이시스 포인트 증가했으며, 3분기 현재까지 140 베이시스 포인트 증가가 있었습니다. 브룩데일은 미국 최고의 노인 생활 커뮤니티 운영업체로, 41개 주에 걸쳐 649개 커뮤니티를 관리하며, 2024년 6월 30일 기준으로 약 59,000명의 거주자에게 서비스를 제공하고 있습니다.
Brookdale Senior Living Inc. (NYSE: BKD) a rapporté son taux d'occupation consolidé pour août 2024, montrant des tendances positives dans ses communautés pour personnes âgées. Le taux d'occupation moyen pondéré a augmenté de 30 points de base pour atteindre 78,9%, atteignant un nouveau sommet depuis le début de la reprise en mars 2021. Notamment, l'occupation à la fin du mois a dépassé 80%, clôturant à 80,4%. Par rapport à l'année précédente, le taux d'occupation moyen pondéré d'août a augmenté de 130 points de base, tandis que le troisième trimestre jusqu'à présent montre une augmentation de 140 points de base. Brookdale, le principal opérateur de communautés pour personnes âgées dans le pays, gère 649 communautés dans 41 États, servant environ 59 000 résidents au 30 juin 2024.
Brookdale Senior Living Inc. (NYSE: BKD) hat seine konsolidierte Belegung für August 2024 berichtet und zeigt positive Trends in seinen Seniorenwohnanlagen. Die gewichtete durchschnittliche Belegung stieg um 30 Basispunkte auf 78,9%, was einen neuen Höchststand seit Beginn der Erholung im März 2021 darstellt. Bemerkenswert ist, dass die Belegung zum Monatsende 80% überstieg und bei 80,4% schloss. Im Vergleich zum Vorjahr stieg die gewichtete durchschnittliche Belegung im August um 130 Basispunkte, während das laufende dritte Quartal einen Anstieg um 140 Basispunkte verzeichnete. Brookdale, der führende Betreiber von Seniorenwohnanlagen im Land, verwaltet 649 Einrichtungen in 41 Bundesstaaten und betreut bis zum 30. Juni 2024 etwa 59.000 Bewohner.
- Weighted average occupancy increased by 30 basis points to 78.9% in August 2024
- Month-end occupancy surpassed 80%, closing at 80.4%
- Year-over-year increase of 130 basis points in weighted average occupancy for August
- Third quarter-to-date occupancy up 140 basis points compared to 2023
- None.
Insights
Brookdale's August 2024 occupancy report shows positive momentum in the senior living sector. The 30 basis point increase to
However, investors should note that while these figures represent progress, they still indicate substantial room for growth to reach pre-pandemic levels. The impact on Brookdale's financials will depend on how effectively they can translate this occupancy increase into revenue growth and margin expansion. It's important to monitor upcoming quarterly reports to assess the full financial impact of this occupancy improvement.
The occupancy growth in Brookdale's portfolio is a positive indicator for the broader senior living industry. With the largest operator showing consistent improvement, it suggests a sector-wide recovery from pandemic-related challenges. This trend could signal increased investor confidence in senior living REITs and operators.
However, it's important to consider demographic trends and potential market saturation. The aging baby boomer population should drive demand, but new supply entering the market could impact occupancy rates. Investors should also watch for potential shifts in care preferences, such as increased desire for aging-in-place options, which could affect long-term occupancy trends in traditional senior living communities.
NASHVILLE, Tenn., Sept. 10, 2024 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for August 2024.
August 2024 Observations:
- August weighted average occupancy increased 30 basis points sequentially to
78.9% , which is a new high since the start of the recovery in March 2021. - Month end occupancy surpassed
80.0% with August closing at80.4% . - Versus the prior year, weighted average occupancy increased 130 basis points in August and 140 basis points third quarter-to-date when compared to the comparable 2023 periods.
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, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities. Through its comprehensive network, Brookdale helps to provide seniors with care, connection, 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, make new friends, and stay connected with loved ones. Brookdale, through its affiliates, operates and manages 649 communities in 41 states as of June 30, 2024, with the ability to serve approximately 59,000 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 YouTube.
View original content to download multimedia:https://www.prnewswire.com/news-releases/brookdale-reports-august-2024-occupancy-302242667.html
SOURCE Brookdale Senior Living Inc.
FAQ
What was Brookdale's (BKD) occupancy rate in August 2024?
How did Brookdale's (BKD) August 2024 occupancy compare to the previous month?
What was the year-over-year change in Brookdale's (BKD) occupancy for August 2024?
How many senior living communities does Brookdale (BKD) operate as of June 30, 2024?
