Brookdale Reports September 2022 Occupancy

Rhea-AI Summary

Brookdale Senior Living (NYSE: BKD) reported an increase in consolidated occupancy for September 2022. The company's sequential occupancy rose by 50 basis points, while third-quarter move-ins grew by 7%. Additionally, the weighted average occupancy increased by 390 basis points compared to the same quarter last year, marking an impressive growth of 750 basis points since March 2021. Brookdale has achieved eleven consecutive months of year-over-year occupancy growth, reinforcing its position in the senior living market.

Positive

• Sequential occupancy increased 50 basis points for September 2022.
• Third quarter move-ins rose 7% year-over-year.
• Weighted average occupancy grew by 390 basis points compared to the prior year quarter.
• Overall occupancy is up 750 basis points since March 2021.
• Achieved eleven consecutive months of year-over-year occupancy growth.

Negative

• None.

NASHVILLE, Tenn., Oct. 10, 2022 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for September 2022.

September 2022 Observations:

• Sequential occupancy increased 50 basis points both on a weighted average and month-end basis.
• Third quarter move-ins increased 7% and weighted average occupancy increased 390 basis points compared to the prior year quarter.
• Weighted average occupancy grew 750 basis points since the start of the recovery in March 2021.
• Achieved eleven consecutive months of year over year weighted average occupancy growth.

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 Senior Living's occupancy rate in September 2022?

Brookdale Senior Living reported a sequential occupancy increase of 50 basis points in September 2022.

How did move-ins change for Brookdale in the third quarter of 2022?

Third quarter move-ins for Brookdale increased by 7% compared to the previous year.

What is the weighted average occupancy growth for Brookdale since March 2021?

Brookdale's weighted average occupancy has grown by 750 basis points since the start of recovery in March 2021.

How many months in a row has Brookdale experienced occupancy growth?

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