Brookdale Reports May 2022 Occupancy

Rhea-AI Summary

Brookdale Senior Living Inc. (NYSE: BKD) reported significant improvements in its May 2022 occupancy metrics. The company experienced a sequential increase in weighted average occupancy by 70 basis points and a month-end occupancy rise of 90 basis points. This marks the seventh consecutive month of year-over-year occupancy growth. Additionally, Brookdale achieved over 2,000 move-ins during May, highlighting its ongoing recovery and demand for senior living services.

Positive

• 70 basis points increase in sequential weighted average occupancy in May 2022.
• 90 basis points increase in month-end occupancy in May 2022.
• Seven consecutive months of year-over-year weighted average occupancy growth.
• Over 2,000 move-ins achieved in May 2022.

Negative

• None.

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

May 2022 Observations:

• Increased sequential weighted average occupancy by 70 bps and month end occupancy by 90 bps.
• Achieved seven consecutive months of year over year weighted average occupancy growth.
• Achieved another milestone in May of over 2,000 move-ins for the month.

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 677 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 were Brookdale's occupancy rates in May 2022?

In May 2022, Brookdale reported a 70 bps increase in sequential weighted average occupancy and a 90 bps increase in month-end occupancy.

How many move-ins did Brookdale have in May 2022?

Brookdale achieved over 2,000 move-ins in May 2022.

How long has Brookdale been experiencing occupancy growth?

Brookdale has experienced seven consecutive months of year-over-year weighted average occupancy growth as of May 2022.

What is the stock symbol for Brookdale Senior Living?

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