Brookdale Reports March 2022 Occupancy

Rhea-AI Summary

Brockdale Senior Living Inc. (NYSE: BKD) reported a rise in consolidated occupancy for March 2022. The company noted a 30 basis point increase in sequential weighted average occupancy and a 60 basis point month-end occupancy growth. This first quarter marked the best sequential occupancy change in a decade, despite typical seasonal declines. Notably, over 2,000 move-ins occurred in March, the highest since August 2019.

Positive

• 30 bps increase in sequential weighted average occupancy.
• 60 bps month-end occupancy growth.
• Best first quarter sequential occupancy change in 10 years.
• Over 2,000 move-ins in March, highest since August 2019.

Negative

• None.

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

 

March 2022 Observations:

• Increased sequential weighted average occupancy by 30 bps and month-end occupancy by 60 bps, with growth across each segment.
• First quarter sequential weighted average occupancy change was relatively flat compared to typical seasonal decline, representing the best first quarter sequential occupancy change in ten years.
• Achieved over 2,000 move-ins during March, the highest number of move-ins since August 2019.

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 678 communities in 41 states as of March 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 the occupancy increase reported by Brookdale Senior Living for March 2022?

Brookdale Senior Living reported a 30 basis point increase in sequential weighted average occupancy in March 2022.

How does Brookdale's March 2022 occupancy change compare historically?

The occupancy change in March 2022 represents the best first quarter sequential occupancy change for Brookdale in ten years.

What was notable about the move-ins for Brookdale Senior Living in March 2022?

Brookdale achieved over 2,000 move-ins in March 2022, the highest number since August 2019.

What is the stock symbol for Brookdale Senior Living?

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