Brookdale Reports November 2023 Occupancy

Rhea-AI Summary

Brookdale Senior Living Inc. (NYSE: BKD) reported a 140 basis points increase in weighted average occupancy for November 2023, reaching 78.4%. The company achieved twenty-five consecutive months of year-over-year weighted average occupancy growth. Additionally, November move-ins and move-outs were favorable compared to October 2023.

Positive

• Consistent year-over-year weighted average occupancy growth
• Favorable sequential move-ins and move-outs

Negative

• None.

NASHVILLE, Tenn., Dec. 8, 2023 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for November 2023.

 

November 2023 Observations:

• November 2023 weighted average occupancy increased 140 basis points year-over-year to 78.4%.
• Achieved twenty-five consecutive months of year-over-year weighted average occupancy growth.
• Compared to October 2023, November move-ins and move-outs were favorable sequentially.

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, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities. Through its comprehensive network, Brookdale helps to provide seniors with care, connection, 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, make new friends, and stay connected with loved ones. Brookdale, through its affiliates, operates and manages 672 communities in 41 states as of September 30, 2023, 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 YouTube.

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SOURCE Brookdale Senior Living Inc.

FAQ

What is the weighted average occupancy reported by Brookdale Senior Living Inc. for November 2023?

Brookdale Senior Living Inc. reported a 140 basis points increase in weighted average occupancy for November 2023, reaching 78.4%.

How does the November 2023 occupancy compare to the previous year for Brookdale Senior Living Inc.?

The company achieved twenty-five consecutive months of year-over-year weighted average occupancy growth.

Were the November move-ins and move-outs favorable compared to October 2023 for Brookdale Senior Living Inc.?

Yes, November move-ins and move-outs were favorable sequentially compared to October 2023.