Brookdale Reports December 2024 Occupancy
Brookdale Senior Living (NYSE: BKD) has reported improved occupancy metrics for December 2024. The company achieved a 100 basis points year-over-year increase in weighted average occupancy, rising from 78.3% in 2023 to 79.3% in 2024.
The fourth quarter 2024 showed strong performance with a 100 basis points increase compared to the prior year quarter, and a 50 basis points sequential increase from Q3, exceeding normal pre-pandemic seasonality. Move-in volume for Q4 2024 was particularly robust, surpassing both the prior year and pre-pandemic average by 8%.
Brookdale operates 647 communities across 41 states, with capacity to serve approximately 58,000 residents through its independent living, assisted living, memory care, and continuing care retirement communities.
Brookdale Senior Living (NYSE: BKD) ha riportato metriche di occupazione migliorate per dicembre 2024. L'azienda ha registrato un aumento di 100 punti base su base annua nell'occupazione media ponderata, passando dal 78,3% del 2023 al 79,3% del 2024.
Il quarto trimestre del 2024 ha mostrato una performance forte con un aumento di 100 punti base rispetto al trimestre dello scorso anno, e un aumento sequenziale di 50 punti base dal terzo trimestre, superando la normalità della stagionalità pre-pandemica. Il volume degli ingressi per il quarto trimestre 2024 è stato particolarmente robusto, superando sia l'anno precedente che la media pre-pandemica del 8%.
Brookdale gestisce 647 comunità in 41 stati, con la capacità di servire circa 58.000 residenti attraverso le sue comunità di vita indipendente, assistita, cura della memoria e comunità di pensionamento con assistenza continuativa.
Brookdale Senior Living (NYSE: BKD) ha informado sobre métricas de ocupación mejoradas para diciembre de 2024. La compañía logró un aumento de 100 puntos básicos interanual en la ocupación promedio ponderada, subiendo del 78.3% en 2023 al 79.3% en 2024.
El cuarto trimestre de 2024 mostró un desempeño sólido con un aumento de 100 puntos básicos en comparación con el trimestre del año anterior, y un aumento secuencial de 50 puntos básicos desde el Q3, superando la normalidad estacional previa a la pandemia. El volumen de ingresos para el Q4 de 2024 fue particularmente robusto, superando tanto el año anterior como la media previa a la pandemia en un 8%.
Brookdale opera 647 comunidades en 41 estados, con capacidad para atender aproximadamente a 58,000 residentes a través de sus comunidades de vida independiente, vida asistida, cuidado de la memoria y comunidades de retiro con atención continuada.
브룩데일 시니어 리빙 (NYSE: BKD)은 2024년 12월의 개선된 점유율 지표를 보고했습니다. 이 회사는 가중 평균 점유율이 전년 대비 100 베이시스 포인트 증가하여 2023년 78.3%에서 2024년 79.3%로 상승했습니다.
2024년 4분기는 전년 동기 대비 100 베이시스 포인트 증가와 3분기 대비 50 베이시스 포인트 순증가를 기록하며, 팬데믹 이전의 정상적인 계절 변동성을 초과하는 강력한 실적을 보였습니다. 2024년 4분기의 입주량은 특히 강력하여, 전년도와 팬데믹 이전 평균을 각각 8% 초과했습니다.
브룩데일은 41개 주에서 647개의 커뮤니티를 운영하며, 독립 생활, 지원 생활, 기억 치료 및 지속적 돌봄 퇴직 커뮤니티를 통해 약 58,000명의 거주자를 수용할 수 있는 능력을 가지고 있습니다.
Brookdale Senior Living (NYSE: BKD) a rapporté des indicateurs d'occupation améliorés pour décembre 2024. L'entreprise a enregistré une augmentation de 100 points de base d'une année sur l'autre de l'occupation moyenne pondérée, passant de 78,3 % en 2023 à 79,3 % en 2024.
Le quatrième trimestre 2024 a montré de solides performances avec une augmentation de 100 points de base par rapport au trimestre de l'année précédente, et une augmentation séquentielle de 50 points de base par rapport au T3, dépassant la saisonnalité normale d'avant la pandémie. Le volume d'emménagements du T4 2024 a été particulièrement robuste, dépassant à la fois l'année précédente et la moyenne d'avant la pandémie de 8 %.
Brookdale exploite 647 communautés dans 41 États, avec la capacité de servir environ 58 000 résidents à travers ses communautés de vie indépendante, vie assistée, soins de mémoire et communautés de retraite avec soins continus.
Brookdale Senior Living (NYSE: BKD) hat für Dezember 2024 verbesserte Belegungskennzahlen gemeldet. Das Unternehmen erzielte einen jährlichen Anstieg von 100 Basispunkten bei der gewichteten durchschnittlichen Belegung, die von 78,3% im Jahr 2023 auf 79,3% im Jahr 2024 anstieg.
Das vierte Quartal 2024 zeigte eine starke Leistung mit einem Anstieg von 100 Basispunkten im Vergleich zum Vorjahresquartal und einem sequentiellen Anstieg von 50 Basispunkten im Vergleich zum dritten Quartal, wodurch die normale saisonale Entwicklung vor der Pandemie übertroffen wurde. Die Einzugszahlen für das vierte Quartal 2024 waren besonders robust und übertrafen sowohl das Vorjahr als auch den pandemiefreien Durchschnitt um 8%.
Brookdale betreibt 647 Gemeinschaften in 41 Bundesstaaten und hat die Kapazität, ungefähr 58.000 Bewohner durch seine unabhängigen Wohn-, Unterstützungs-, Gedächtnis- sowie betreuten Ruhestandseinrichtungen zu bedienen.
- Weighted average occupancy increased 100 basis points YoY to 79.3%
- Q4 2024 move-in volume exceeded pre-pandemic average by 8%
- Q4 2024 sequential occupancy growth of 50 basis points exceeded normal seasonality
- Overall occupancy remains below 80% despite improvements
Insights
The December occupancy report reveals encouraging operational momentum for Brookdale Senior Living. The 100 basis point year-over-year improvement to 79.3% occupancy demonstrates sustained recovery momentum, while the sequential 50 basis point increase in Q4 outperforming typical seasonal patterns is particularly noteworthy. The 8% increase in Q4 move-in volume compared to pre-pandemic levels indicates both strong demand and effective sales execution.
Looking deeper, the occupancy gains reflect three key factors: 1) demographic tailwinds as the 80+ population growth accelerates, 2) stabilizing labor markets enabling more unit availability and 3) moderating new supply growth in the senior housing sector. However, at 79.3% occupancy, significant upside potential remains when compared to pre-pandemic occupancy levels that exceeded 85%.
For investors, the steady occupancy recovery trajectory suggests improving cash flow potential, as each percentage point of occupancy typically translates to
This occupancy report carries material implications for Brookdale's financial trajectory. The sustained occupancy recovery, particularly the above-seasonal Q4 performance, signals accelerating revenue momentum. With fixed costs largely stable, the incremental occupancy gains should drive meaningful operating leverage and margin expansion.
The economics are compelling - at
The balance sheet context is important - Brookdale's
December 2024 Observations:
- Supported by favorable move-in and move-out levels, December weighted average occupancy increased 100 basis points year-over-year, from
78.3% in 2023 to79.3% in 2024. - Fourth quarter 2024 weighted average occupancy also increased 100 basis points compared to the prior year quarter.
- Sequentially, fourth quarter 2024 weighted average occupancy increased 50 basis points compared to the third quarter, exceeding normal pre-pandemic seasonality for this period.
- Fourth quarter 2024 move-in volume surpassed the prior year and exceeded the pre-pandemic average for this period by
8% .
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 647 communities in 41 states as of December 31, 2024, with the ability to serve approximately 58,000 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.
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SOURCE Brookdale Senior Living Inc.
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