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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 its Q2 2024 financial results on August 8, 2024. Key highlights include a 6.4% year-over-year increase in consolidated revenue per available unit (RevPAR), a 160 basis points rise in weighted average occupancy, and a 160 basis points boost in the same community operating margin (excluding prior period grant income). Adjusted EBITDA rose 20.2% to $97.8 million. However, the company posted a net loss of $37.7 million, up from $4.5 million in Q2 2023, mainly due to increased facility operating expenses and lower property insurance recoveries. Resident fees grew 4.2% year-over-year but fell 0.6% sequentially. The company's liquidity stood at $345.8 million, with $290.0 million in cash and equivalents.
For Q3 2024, Brookdale projects RevPAR growth of 6.25%-6.75% and adjusted EBITDA between $90 million and $95 million. The company has also amended its master lease with Omega Healthcare Investors, securing up to $80 million for capital expenditures.
Brookdale Senior Living Inc. (NYSE: BKD) has announced the release date for its second quarter 2024 financial results. The company will disclose the results after market close on Thursday, August 8, 2024, followed by a conference call on Friday, August 9, 2024, at 9:00 a.m. ET. Investors can access the call via phone or webcast, with replay options available until August 16, 2024.
Brookdale, the leading operator of senior living communities in the U.S., manages 649 communities across 41 states as of June 30, 2024, serving approximately 59,000 residents. The company offers various senior care services, including independent living, assisted living, memory care, and continuing care retirement communities.
Brookdale Senior Living (NYSE: BKD) reported a significant increase in occupancy rates for June 2024. The weighted average occupancy rose by 140 basis points year-over-year to 78.2%, driven by increased move-ins and decreased move-outs. Sequentially, June's weighted average occupancy increased by 10 basis points, and month-end occupancy grew by 20 basis points. This supported a 20 basis point sequential increase for Q2 2024 compared to Q1 2024. Q2's weighted average occupancy also increased by 160 basis points compared to the same quarter last year. Brookdale operates 649 communities across 41 states, serving approximately 59,000 residents.
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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