Brookdale Reports November 2022 Occupancy

Rhea-AI Summary

Brookdale Senior Living Inc. (NYSE: BKD) announced a significant uptick in its consolidated occupancy for November 2022. The company's weighted average occupancy rose by 350 basis points year-over-year and by 70 basis points compared to the full third quarter. This marks the thirteenth consecutive month of year-over-year growth, showcasing a 760 basis point increase since the recovery began in March 2021. Brookdale operates 672 communities across 41 states, catering to over 60,000 residents.

Positive

• 350 basis points year-over-year increase in November's weighted average occupancy.
• 70 basis points increase in occupancy compared to the third quarter.
• Thirteen consecutive months of year-over-year weighted average occupancy growth.
• 760 basis points growth in weighted average occupancy since March 2021.

Negative

• None.

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

 

November 2022 Observations:

• November's weighted average occupancy increased 350 basis points year-over-year.
• Fourth quarter-to-date weighted average occupancy increased 70 basis points compared to the full third quarter.
• Achieved thirteen consecutive months of year-over-year weighted average occupancy growth.
• Weighted average occupancy grew 760 basis points since the start of the recovery in March 2021.

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 672 communities in 41 states as of September 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 was Brookdale's occupancy rate for November 2022?

Brookdale reported a weighted average occupancy increase of 350 basis points year-over-year for November 2022.

How does November 2022's occupancy compare to previous quarters?

November's occupancy increased by 70 basis points compared to the full third quarter.

How long has Brookdale experienced occupancy growth?

Brookdale has achieved thirteen consecutive months of year-over-year weighted average occupancy growth.

Since when has Brookdale's occupancy been increasing?

Brookdale's weighted average occupancy has grown by 760 basis points since the recovery began in March 2021.