Brookdale Reports December 2022 Occupancy

Rhea-AI Summary

Brookdale Senior Living Inc. (NYSE: BKD) reported a positive trend in its occupancy rates for December 2022. The weighted average occupancy increased by 70 basis points in the fourth quarter compared to Q3. The company achieved a 340 basis point increase year-over-year and a remarkable 760 basis point growth since March 2021. This marks fourteen consecutive months of year-over-year growth in occupancy. As of December 31, 2022, Brookdale operates 673 communities across 41 states, serving over 60,000 residents.

Positive

• Fourth quarter weighted average occupancy rose by 70 basis points compared to Q3.
• Achieved fourteen consecutive months of year-over-year occupancy growth.
• December's weighted average occupancy increased by 340 basis points year-over-year.
• 760 basis point growth in occupancy since March 2021.

Negative

• None.

NASHVILLE, Tenn., Jan. 10, 2023 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for December 2022.

 

December 2022 Observations:

• Fourth quarter weighted average occupancy increased 70 basis points compared to the third quarter.
• Achieved fourteen consecutive months of year-over-year weighted average occupancy growth.
• December's weighted average occupancy increased 340 basis points year-over-year, and grew 760 basis points since the start of the recovery in March 2021.

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 673 communities in 41 states as of December 31, 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.

FAQ

What was Brookdale Senior Living's occupancy rate for December 2022?

Brookdale Senior Living reported a weighted average occupancy increase of 70 basis points in Q4 2022 compared to Q3.

How much did Brookdale's occupancy grow year-over-year in December 2022?

Brookdale's weighted average occupancy grew by 340 basis points year-over-year in December 2022.

How many senior communities does Brookdale operate as of December 2022?

As of December 31, 2022, Brookdale operates 673 senior living communities across 41 states.

What is the significance of Brookdale's occupancy growth since March 2021?

Brookdale has experienced a 760 basis point growth in occupancy since the recovery started in March 2021.