Brookdale Reports May 2021 Occupancy

Rhea-AI Summary

Brookdale Senior Living (NYSE: BKD) reported improved occupancy for May 2021. The month-end occupancy percentage exceeded the year-end 2020 figure, showing a sequential increase of approximately 60 basis points. Brookdale continues to share occupancy updates monthly until it resumes financial guidance, reflecting its focus on transparency. The company operates 695 senior living communities across 42 states, serving about 60,000 residents and 16,000 patients.

Positive

• May 2021 occupancy percentage exceeds year-end 2020 figure.
• Sequential increase of approximately 60 basis points in weighted average occupancy.

Negative

• None.

NASHVILLE, Tenn., June 8, 2021 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for May 2021.

May 2021 Observations:

• May's month-end occupancy percentage is better than the year-end 2020 occupancy percentage.
• Sequentially, the weighted average occupancy percentage increased approximately 60 basis points.
• We expect to continue to publish monthly occupancy 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 695 communities in 42 states as of March 31, 2021, with the ability to serve approximately 60,000 residents and 16,000 patients. 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.