Brookdale Reports June 2022 Occupancy

Rhea-AI Summary

Broadening its occupancy metrics, Brookdale Senior Living Inc. (NYSE: BKD) reported an increase in consolidated occupancy for June 2022. Weighted average occupancy rose by 60 basis points sequentially and 410 basis points year-over-year, marking the highest growth in over a decade for any second quarter. The month-end occupancy also saw a boost of 40 basis points. Brookdale operates 674 communities in 41 states, serving over 60,000 residents.

Positive

• Increased sequential weighted average occupancy by 60 bps.
• Month-end occupancy grew by 40 bps.
• Year-over-year weighted average occupancy up by 410 bps.
• Achieved highest second quarter sequential occupancy growth in over ten years.

Negative

• None.

NASHVILLE, Tenn., July 11, 2022 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for June 2022.

June 2022 Observations:

• Increased sequential weighted average occupancy by 60 bps and month end occupancy by 40 bps.
• Second quarter year over year weighted average occupancy increased 410 bps.
• Highest second quarter sequential weighted average occupancy growth in more than ten years.

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 674 communities in 41 states as of June 30, 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 is the latest occupancy report for Brookdale Senior Living (BKD)?

In June 2022, Brookdale Senior Living reported an increase in consolidated occupancy, with a weighted average increase of 60 bps sequentially and 410 bps year-over-year.

How many communities does Brookdale Senior Living operate?

As of June 30, 2022, Brookdale operates 674 communities across 41 states.

What is the significance of Brookdale's occupancy growth in June 2022?

The growth represents the highest second quarter sequential weighted average occupancy increase in more than ten years.

How many residents can Brookdale serve?

Brookdale has the capacity to serve over 60,000 residents.