Welcome to our dedicated page for Brookdale Senior Living news (Ticker: BKD), a resource for investors and traders seeking the latest updates and insights on Brookdale Senior Living stock.
Brookdale Senior Living Inc. (NYSE: BKD) is the leading operator of senior living communities across the United States, dedicated to enhancing the quality of life for seniors. With a commitment to compassion, respect, excellence, and integrity, Brookdale offers a variety of living solutions tailored to meet the diverse needs of its residents. The company operates 652 communities in 41 states as of March 31, 2024, serving approximately 59,000 residents.
Brookdale's core services are segmented into Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The majority of its revenue is generated from the Assisted Living and Memory Care segment, where residents receive housing and assistance with daily activities. Brookdale also offers a range of outpatient therapy, home health, and hospice services through its ancillary services program.
The company has made significant strides in its operational and financial performance. Recent achievements include improved consolidated occupancy rates and successful execution of strategic priorities, paving the way for future growth. Financially, Brookdale continues to strengthen its position by completing key financing transactions that have refinanced debt maturities, and by reporting strong quarterly results.
Brookdale’s expertise spans healthcare, hospitality, and real estate, providing residents with a comprehensive environment that promotes wellness, social connection, and personal growth. The company's communities are purpose-built to offer high-quality care and living accommodations, ensuring a home-like atmosphere for its residents.
For the latest updates on Brookdale’s financial performance and developments, visit the company’s investor relations page or connect with them on social media platforms like Facebook and YouTube.
Brookdale Senior Living (NYSE: BKD) reported a significant increase in occupancy for May 2024. The weighted average occupancy rose by 20 basis points sequentially, and month-end occupancy increased by 30 basis points. The second quarter-to-date weighted average occupancy reached 78.0%, up 160 basis points from 76.4% in the same period last year. This marks the 31st consecutive month of year-over-year occupancy growth. Brookdale operates 652 communities across 41 states, serving approximately 59,000 residents. The company's stock trades on the New York Stock Exchange under the ticker symbol BKD.
Brookdale Senior Living Inc. (NYSE: BKD) announced first quarter 2024 results, with a 6.7% increase in RevPAR, 160 basis point rise in occupancy, and a 34% improvement in net income. Adjusted EBITDA grew by 10% year-over-year. The company was recognized for its innovative programs and listed on U.S. News & World Report. Despite positive results, there was a net loss of $29.6 million. Liquidity increased to $355.1 million. The company obtained $50.0 million in debt in February 2024.
Brookdale Senior Living Inc. announced that the Company's management will participate in two investor conferences in May 2024: the RBC Capital Markets Global Healthcare Conference on May 14 and the Bank of America Securities Healthcare Conference on May 16. The Company's fireside chats will be live webcasted on its website and available for replay until June 14. Brookdale is a leading operator of senior living communities in 41 states, with 652 communities serving approximately 59,000 residents. The stock trades on the NYSE under the ticker symbol BKD.
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