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Brookdale Reports November 2024 Occupancy

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Brookdale Senior Living (NYSE: BKD) has reported improved occupancy metrics for November 2024. The company achieved a weighted average occupancy of 79.5%, representing a 110 basis points increase year-over-year. November's occupancy showed a 10 basis points sequential improvement from October, with month-end occupancy maintaining above 80% for the fourth consecutive month.

The fourth quarter-to-date performance showed better move-ins and move-outs compared to the same period last year, contributing to a 100 basis point increase in weighted average occupancy over 2023 fourth quarter-to-date. Brookdale operates 648 communities across 41 states, with the capacity to serve approximately 58,000 residents.

Brookdale Senior Living (NYSE: BKD) ha riportato metriche di occupazione migliorate per novembre 2024. L'azienda ha raggiunto un tasso medio di occupazione del 79,5%, con un aumento di 110 punti base rispetto allo scorso anno. L'occupazione di novembre ha mostrato un miglioramento di 10 punti base rispetto a ottobre, con l'occupazione di fine mese che si mantiene sopra l'80% per il quarto mese consecutivo.

Le performance fino al quarto trimestre hanno mostrato un numero di trasferimenti in ingresso e in uscita migliore rispetto allo stesso periodo dell'anno scorso, contribuendo a un aumento di 100 punti base nel tasso medio di occupazione rispetto al quarto trimestre 2023 fino ad oggi. Brookdale gestisce 648 comunità in 41 stati, con la capacità di servire circa 58.000 residenti.

Brookdale Senior Living (NYSE: BKD) ha reportado métricas de ocupación mejoradas para noviembre de 2024. La compañía logró un promedio ponderado de ocupación del 79,5%, lo que representa un aumento de 110 puntos básicos interanuales. La ocupación de noviembre mostró una mejora de 10 puntos básicos secuencialmente desde octubre, manteniéndose por encima del 80% al final del mes durante el cuarto mes consecutivo.

El rendimiento hasta la fecha del cuarto trimestre mostró mejores entradas y salidas en comparación con el mismo período del año pasado, contribuyendo a un incremento de 100 puntos básicos en el promedio ponderado de ocupación hasta la fecha del cuarto trimestre de 2023. Brookdale opera 648 comunidades en 41 estados, con la capacidad de atender aproximadamente a 58,000 residentes.

브룩데일 시니어 리빙 (NYSE: BKD)이 2024년 11월에 개선된 점유율 지표를 보고했습니다. 이 회사는 가중 평균 점유율 79.5%를 달성했으며, 이는 전년 대비 110bp 증가한 것입니다. 11월 점유율은 10bp 상승하여 10월과 비교해 연속적인 개선을 보여주었으며, 월말 점유율은 네 달 연속 80% 이상을 유지했습니다.

현재까지 4분기 성과는 지난해 같은 기간에 비해 더 나은 이사 및 퇴거 수치를 보였으며, 2023년 4분기 현재까지 100bp 증가에 기여하게 되었습니다. 브룩데일은 41개 주에서 648개 커뮤니티를 운영하며, 약 58,000명의 거주자를 수용할 수 있는 능력을 보유하고 있습니다.

Brookdale Senior Living (NYSE: BKD) a déclaré des indicateurs d'occupation améliorés pour novembre 2024. L'entreprise a atteint un taux d'occupation moyen pondéré de 79,5%, représentant une augmentation de 110 points de base par rapport à l'année précédente. L'occupation de novembre a montré une amélioration de 10 points de base par rapport à octobre, avec un taux d'occupation à la fin du mois maintenant au-dessus de 80% pour le quatrième mois consécutif.

La performance jusqu'à la date du quatrième trimestre a montré de meilleures entrées et sorties par rapport à la même période l'année dernière, contribuant à une augmentation de 100 points de base de l'occupation moyenne pondérée par rapport au quatrième trimestre de 2023 à ce jour. Brookdale exploite 648 communautés dans 41 États, avec la capacité d'accueillir environ 58 000 résidents.

Brookdale Senior Living (NYSE: BKD) hat für November 2024 verbesserte Belegungszahlen gemeldet. Das Unternehmen erreichte eine gewichtete durchschnittliche Belegung von 79,5%, was einem Anstieg von 110 Basispunkten im Jahresvergleich entspricht. Die Belegung im November zeigte eine Verbesserung um 10 Basispunkte im Vergleich zu Oktober, und die Belegung zum Monatsende lag den vierten Monat in Folge über 80%.

Die bisherige Leistung des vierten Quartals wies im Vergleich zum Vorjahr bessere Ein- und Auszüge auf, was zu einem Anstieg von 100 Basispunkten der gewichteten durchschnittlichen Belegung seit Beginn des vierten Quartals 2023 führte. Brookdale betreibt 648 Gemeinschaften in 41 Bundesstaaten und kann etwa 58.000 Bewohner aufnehmen.

Positive
  • Weighted average occupancy increased 110 basis points YoY to 79.5%
  • Month-end occupancy remained above 80% for fourth consecutive month
  • 10 basis points sequential improvement in occupancy from October
  • Improved move-ins and move-outs metrics compared to prior year
Negative
  • Overall occupancy still remains below 80% on average

Insights

The occupancy metrics reveal encouraging momentum in Brookdale's operational performance. The 79.5% November occupancy represents a significant 110 basis point year-over-year improvement, while the sustained 80%+ month-end occupancy for four consecutive months signals stabilizing demand. The sequential increase of 10 basis points from October, though modest, is particularly noteworthy given historical seasonal patterns. The improved move-in/move-out dynamics in Q4 compared to last year, driving a 100 basis point occupancy gain, suggests strengthening revenue potential. With 648 communities and approximately 58,000 resident capacity, these occupancy improvements could translate to meaningful revenue growth. However, occupancy levels remain below pre-pandemic norms, indicating further recovery potential while highlighting ongoing operational challenges in the senior living sector.

The senior living sector's recovery trajectory, as evidenced by Brookdale's occupancy trends, reflects broader demographic tailwinds and improving market conditions. The consistent occupancy improvements, particularly the year-over-year gains, suggest growing consumer confidence in senior living facilities post-pandemic. The sequential occupancy growth in November is especially significant as it counters typical seasonal softness in the fourth quarter. With the aging baby boomer population and increasing senior healthcare needs, the improved move-in trends could indicate a structural shift in demand. However, the current 79.5% occupancy level still leaves substantial room for optimization across Brookdale's portfolio, representing both an opportunity and a challenge in terms of operational leverage and pricing power.

NASHVILLE, Tenn., Dec. 9, 2024 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for November 2024.

Occupancy Chart

 

November 2024 Observations:

  • November weighted average occupancy increased 110 basis points year-over-year to 79.5% in 2024.
  • Demonstrating an improvement to recent years, November weighted average occupancy increased 10 basis points sequentially from October.
  • Month end occupancy exceeded 80% for the fourth consecutive month.
  • Fourth quarter-to-date move-ins and move-outs improved to the prior year comparable period supporting a 100 basis point weighted average occupancy increase over 2023 fourth quarter-to-date.

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 648 communities in 41 states as of September 30, 2024, with the ability to serve approximately 58,000 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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/brookdale-reports-november-2024-occupancy-302326569.html

SOURCE Brookdale Senior Living Inc.

FAQ

What was Brookdale's (BKD) occupancy rate in November 2024?

Brookdale's weighted average occupancy rate in November 2024 was 79.5%, representing a 110 basis points increase year-over-year.

How many consecutive months has BKD maintained month-end occupancy above 80%?

Brookdale has maintained month-end occupancy above 80% for four consecutive months as of November 2024.

How did Brookdale's Q4 2024 occupancy compare to Q4 2023?

Brookdale's fourth quarter-to-date weighted average occupancy showed a 100 basis point increase compared to the same period in 2023.

Brookdale Senior Living, Inc.

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