Brookdale Reports February 2022 Occupancy

Rhea-AI Summary

BROOKDALE Senior Living Inc. (NYSE: BKD) announced positive trends in occupancy for February 2022. The company reported a fourth consecutive month of year-over-year weighted average occupancy growth since the pandemic started. Notably, Brookdale recorded net move-ins exceeding move-outs for the first time since 2014, while the weighted average occupancy remained stable, dropping only 10 basis points during the month. Since initiating its turnaround in February 2021, the weighted average occupancy has increased by 390 basis points.

Positive

• Fourth consecutive month of year-over-year occupancy growth.
• Achieved positive net move-ins and move-outs for the first time since 2014.
• Occupancy increased by 390 basis points since February 2021.

Negative

• None.

NASHVILLE, Tenn., March 8, 2022 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for February 2022.

February 2022 Observations:

• February was the fourth consecutive month of positive year-over-year weighted average occupancy growth since the pandemic began.
• Achieved positive net move-ins and move-outs (MIMO) in February for first time since 2014 while weighted average occupancy held relatively flat (-10 bps) during the month.
• Weighted average occupancy grew 390 basis points from start of turnaround in February 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 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 results for February 2022?

Brookdale reported its fourth consecutive month of year-over-year occupancy growth for February 2022.

When was the last time Brookdale had positive net move-ins?

Brookdale achieved positive net move-ins and move-outs in February 2022, marking the first time since 2014.

What is the change in weighted average occupancy since February 2021?

The weighted average occupancy has increased by 390 basis points since the turnaround began in February 2021.