Brookdale Reports June 2021 Occupancy

Rhea-AI Summary

Brookdale Senior Living Inc. (NYSE: BKD) reported an increase in consolidated occupancy for June 2021, marking four consecutive months of growth. The month-end occupancy percentage improved by nearly 100 basis points compared to the previous month, with a sequential increase of approximately 70 basis points. The company plans to continue publishing monthly occupancy reports until it resumes financial guidance reporting. As of June 30, 2021, Brookdale operates 685 communities across 41 states, serving nearly 59,000 residents.

Positive

• Four consecutive months of occupancy growth.
• June's month-end occupancy percentage improved by nearly 100 bps from May.
• Sequential occupancy percentage increased by approximately 70 bps.

Negative

• None.

NASHVILLE, Tenn., July 9, 2021 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for June 2021.

June 2021 Observations:

• Four consecutive months of occupancy growth.
• June's month-end occupancy percentage was nearly 100 basis points (bps) better than the prior month-end.
• Sequentially, the weighted average occupancy percentage increased approximately 70 bps.
• We expect to continue to publish monthly occupancy reports until we return to providing financial guidance, at which point we would expect to return to our historical reporting practices.

About Brookdale Senior Living
Brookdale Senior Living Inc., the nation's premier operator of senior living communities, 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, Alzheimer's and dementia care communities, and through its comprehensive network of services, Brookdale helps to provide seniors with care and services to support their lifestyle in an environment that feels like home. The Company's expertise in healthcare, hospitality and real estate provides our residents with opportunities to improve wellness, pursue passions and stay connected with friends and loved ones. The Company operates and manages 685 communities in 41 states as of June 30, 2021, 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 Twitter.

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SOURCE Brookdale Senior Living Inc.

FAQ

What was Brookdale's occupancy rate in June 2021?

Brookdale reported an increase in its occupancy percentage for June 2021, improving nearly 100 basis points from the previous month.

How many communities does Brookdale operate as of June 30, 2021?

As of June 30, 2021, Brookdale operates 685 communities across 41 states.

What is the ticker symbol for Brookdale Senior Living?

Brookdale Senior Living trades on the New York Stock Exchange under the ticker symbol BKD.

How many residents can Brookdale serve?

Brookdale has the capacity to serve approximately 59,000 residents.

How long does Brookdale plan to publish occupancy reports?

Brookdale plans to continue publishing monthly occupancy reports until it resumes providing financial guidance.