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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 Inc. (NYSE: BKD) is set to release its first quarter 2023 financial results after market close on May 8, 2023. A conference call to discuss these results will be held on May 9, 2023, at 9:00 AM ET. Brookdale operates 673 senior living communities across 41 states, serving over 60,000 residents. The company emphasizes a commitment to enriching the lives of seniors through various living options, including independent and assisted living, and memory care. Investors can access the conference call via phone or an online webcast. A replay will be available until May 16, 2023.
Brookdale Senior Living Inc. (NYSE: BKD) has announced favorable preliminary financial expectations for Q1 2023, projecting a year-over-year RevPAR growth of approximately 12.9%. The weighted average occupancy for March 2023 was 76.1%, marking the 17th consecutive month of year-over-year growth. Adjusted EBITDA is expected to be significantly above earlier guidance, driven by better-than-expected revenue. Despite a slight sequential decline of 80 basis points in occupancy compared to Q4 2022, the year-over-year increase of 290 basis points suggests a return to pre-pandemic trends. The company will present detailed Q1 results on May 8, 2023 and provide Q2 guidance during a conference call on May 9, 2023.
Brookdale Senior Living Inc. (NYSE: BKD) announced its consolidated occupancy data for February 2023, showing a year-over-year increase of 300 basis points, rising from 73.3% in 2022 to 76.3% in 2023. This marks the sixteenth consecutive month of year-over-year occupancy growth. However, the first quarter-to-date occupancy saw a decrease of 70 basis points compared to the fourth quarter of 2022, in line with expected seasonal trends. As of December 31, 2022, Brookdale operates 673 communities across 41 states, serving over 60,000 residents.
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