Brookdale Reports December 2021 Occupancy

Rhea-AI Summary

Brookdale Senior Living Inc. (NYSE: BKD) reported notable occupancy growth for December 2021. This marked the 10th consecutive month of weighted average occupancy increase, with the first sequential growth in December since 2012. Additionally, the fourth quarter saw a 100 basis points rise in weighted average occupancy compared to the third quarter. This represents the first year-over-year quarterly occupancy growth since the pandemic began, signalling a positive trend in the senior living sector.

Positive

• 10th consecutive month of occupancy growth.
• First sequential occupancy growth in December since 2012.
• Fourth quarter occupancy increased by 100 bps from Q3.
• First year-over-year quarterly occupancy growth since the pandemic.

Negative

• None.

NASHVILLE, Tenn., Jan. 10, 2022 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for December 2021.

 

December 2021 Observations:

• December was the 10^th consecutive month of weighted average occupancy growth and it was also the first December since 2012 (nine years) to deliver sequential occupancy growth.
• Fourth quarter weighted average occupancy increased 100 bps, compared to third quarter.
• Positive year-over-year quarterly weighted average occupancy growth for the first time since the pandemic began.

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, and Alzheimer's and dementia care 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 679 communities in 41 states as of December 31, 2021, 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.

FAQ

What were Brookdale's occupancy levels in December 2021?

Brookdale Senior Living reported its occupancy growth for December 2021, marking the 10th consecutive month of increase.

How much did Brookdale's occupancy increase in the fourth quarter?

In the fourth quarter, Brookdale's weighted average occupancy increased by 100 basis points compared to the third quarter.

When was the last time Brookdale experienced sequential occupancy growth in December?

December 2021 was the first December since 2012 to deliver sequential occupancy growth.

Is there a year-over-year occupancy growth reported by Brookdale?

Yes, December 2021 saw positive year-over-year quarterly weighted average occupancy growth for the first time since the pandemic.