Brookdale Reports September 2023 Occupancy

Rhea-AI Summary

Brookdale Senior Living reports increase in occupancy

Positive

• Brookdale Senior Living reported a 60 basis point increase in weighted average occupancy from August to September 2023. This represents 23 consecutive months of year-over-year occupancy growth, with a 130 basis point increase compared to 2022.

Negative

• None.

NASHVILLE, Tenn., Oct. 9, 2023 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for September 2023.

 

September 2023 Observations:

• September 2023 weighted average occupancy increased 60 basis points sequentially, from 77.6% in August 2023 to 78.2% in September 2023.
• Supported by a 130 basis point increase over 2022, September represented 23 consecutive months of year-over-year weighted average occupancy growth.
• Weighted average occupancy increased sequentially each month within the quarter and the third quarter weighted average occupancy of 77.6% represented 110 basis points of sequential growth compared to the second quarter 2023.

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 approximately 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 occupancy rate for September 2023?

The occupancy rate for September 2023 is 78.2%.

How does the September 2023 occupancy compare to August 2023?

The September 2023 occupancy increased by 60 basis points compared to August 2023.

How does the September 2023 occupancy compare to the same month last year?

The September 2023 occupancy increased by 130 basis points compared to September 2022.

How many months of consecutive occupancy growth has Brookdale Senior Living experienced?

Brookdale Senior Living has experienced 23 consecutive months of year-over-year occupancy growth.

What was the weighted average occupancy for the third quarter of 2023?

The weighted average occupancy for the third quarter of 2023 was 77.6%.