Welcome to our dedicated page for Brookdale Sr Living news (Ticker: BKD), a resource for investors and traders seeking the latest updates and insights on Brookdale Sr Living stock.
Brookdale Senior Living Inc. operates as the largest provider of senior living communities in the United States, maintaining an extensive portfolio of independent living, assisted living, memory care, and continuing care retirement communities across multiple states. The company serves tens of thousands of older adults through a diversified platform of residential care options designed to support various levels of independence and care needs.
As a publicly traded company in the senior housing sector, Brookdale's operational performance reflects broader industry dynamics including occupancy trends, labor market conditions, regulatory developments, and demographic shifts. The company's scale provides economies in purchasing and marketing while requiring sophisticated management of a geographically dispersed portfolio. News coverage of Brookdale often addresses topics such as quarterly occupancy rates, financial results, executive appointments, strategic initiatives, capital investments in facility improvements, regulatory compliance matters, and responses to industry-wide challenges.
The senior living industry faces ongoing evolution driven by an aging population, changing consumer preferences, workforce availability, and reimbursement models. Industry news frequently examines market consolidation, alternative care delivery models, technology adoption in senior care, and the financial health of major operators. For Brookdale, relevant news themes include portfolio optimization efforts, care quality initiatives, occupancy recovery following industry disruptions, debt management, partnerships with healthcare providers, and innovations in programming designed to enhance resident wellness and engagement.
Investors and industry observers monitor Brookdale's performance as an indicator of broader senior living sector trends, given the company's market position and operational scale. News developments may impact investor sentiment, competitive positioning, and the company's ability to access capital markets for refinancing or growth investments. Staying informed about Brookdale-related news provides insight into both company-specific strategies and industry-wide shifts affecting senior housing providers.
Brookdale Senior Living (NYSE: BKD) has announced its participation in two major conferences in March 2025. The company will present at Citi's Global Property CEO Conference on March 4 at 7:10 am CST and Barclays Global Healthcare Conference on March 11 at 8:30 am CST.
Both presentations will be available via live webcast through Brookdale's investor website, with replays accessible until May 2, 2025. Brookdale operates 647 senior living communities across 41 states, serving approximately 58,000 residents as of December 31, 2024. The company provides various senior living solutions including independent living, assisted living, memory care, and continuing care retirement communities.
As the nation's premier operator of senior living communities, Brookdale focuses on enriching seniors' lives through compassionate care, clinical expertise, and exceptional service, guided by its four cornerstones: passion, courage, partnership, and trust.
Brookdale Senior Living (BKD) reported its Q4 and full-year 2024 results, showing significant improvements in key metrics. Fourth quarter consolidated revenue per available unit (RevPAR) increased 5.5% year-over-year, while weighted average occupancy grew 100 basis points. The company's net loss improved by 8% and Adjusted EBITDA increased by 16% compared to the previous year.
Notable achievements include a 54% increase in net cash from operations and a 46% improvement in Adjusted Free Cash Flow for Q4. The company completed several strategic transactions, including refinancing over $300 million of 2027 debt at lower interest rates, acquiring 11 previously leased communities, and amending its lease agreement with Ventas, involving non-renewal of 55 communities.
For 2025, Brookdale projects RevPAR growth of 4.75% to 5.75% and Adjusted EBITDA between $430.0-445.0 million. The company ended 2024 with total liquidity of $389.3 million, including $308.9 million in unrestricted cash.
Brookdale Senior Living (NYSE: BKD) has scheduled its fourth quarter and full-year 2024 earnings release for Tuesday, February 18, 2025, after market close. The company will host a conference call to discuss the results on Wednesday, February 19, 2025, at 9:00 a.m. ET.
As of December 31, 2024, Brookdale operates 647 senior living communities across 41 states, serving approximately 58,000 residents. The company provides various senior living solutions including independent living, assisted living, memory care, and continuing care retirement communities. Their services focus on providing compassionate care, clinical expertise, and exceptional service to help seniors live with dignity and purpose.
Brookdale Senior Living (NYSE: BKD) has reported improved occupancy metrics for December 2024. The company achieved a 100 basis points year-over-year increase in weighted average occupancy, rising from 78.3% in 2023 to 79.3% in 2024.
The fourth quarter 2024 showed strong performance with a 100 basis points increase compared to the prior year quarter, and a 50 basis points sequential increase from Q3, exceeding normal pre-pandemic seasonality. Move-in volume for Q4 2024 was particularly robust, surpassing both the prior year and pre-pandemic average by 8%.
Brookdale operates 647 communities across 41 states, with capacity to serve approximately 58,000 residents through its independent living, assisted living, memory care, and continuing care retirement communities.
Brookdale Senior Living (NYSE: BKD) has completed a significant refinancing transaction, securing a $344.2 million loan through JLL Real Estate Capital under Fannie Mae's DUS Program. The new financing, which matures in January 2032, was used to repay $312.5 million of variable rate debt due September 2027.
The new loan features a fixed interest rate of 6.14%, compared to the previous variable rate of 7.20%, and is interest-only for the first two years. The debt is secured by non-recourse first priority mortgages on 47 communities, which also secure approximately $435 million of additional outstanding mortgages.
Brookdale Senior Living has amended its lease agreement with Ventas, expecting to improve its 2025 cash flows by over $15 million, with additional benefits anticipated from 2026 onwards. The company will continue to lease 65 high-performing communities with 4,055 units for an annual base rent of $64 million, while deciding not to renew 55 communities. The lease maturity has been extended from 2025 to 2035.
The renewal portfolio demonstrates stronger performance metrics, including 700+ basis points higher occupancy and over 20% higher RevPOR compared to the non-renewal portfolio. Additionally, Brookdale has completed the acquisition of 11 communities from the International JV / Welltower Portfolio for $300 million, increasing its owned real estate portfolio to over 75% of consolidated units.
Brookdale Senior Living (NYSE: BKD) has reported improved occupancy metrics for November 2024. The company achieved a weighted average occupancy of 79.5%, representing a 110 basis points increase year-over-year. November's occupancy showed a 10 basis points sequential improvement from October, with month-end occupancy maintaining above 80% for the fourth consecutive month.
The fourth quarter-to-date performance showed better move-ins and move-outs compared to the same period last year, contributing to a 100 basis point increase in weighted average occupancy over 2023 fourth quarter-to-date. Brookdale operates 648 communities across 41 states, with the capacity to serve approximately 58,000 residents.
Brookdale Senior Living (NYSE: BKD) announced its decision not to renew a master lease with Ventas covering 120 communities, set to mature on December 31, 2025. The decision was based on the portfolio's historical and expected negative cash flow performance. The Ventas leased portfolio has generated significant losses, including over $50 million negative cash flow annually pre-pandemic and approximately $23 million negative cash flow for the trailing twelve months ended September 30, 2024.
The company deemed non-renewal more beneficial to shareholders, considering the potential 3% to 10% rent increase in 2026 under existing terms. Brookdale remains open to discussions with Ventas for mutually agreeable terms that would generate appropriate cash flow improvements.
Brookdale Senior Living (NYSE: BKD) announced its participation in the 2024 Stephens Annual Investment Conference on November 20, 2024. President and CEO Lucinda Baier and CFO Dawn Kussow will lead a fireside chat starting at 8:00 am CST. The event will be accessible via live webcast through brookdaleinvestors.com, with replay available until January 31, 2025.
Brookdale operates as the nation's leading senior living community provider, managing 648 communities across 41 states with capacity for approximately 58,000 residents as of September 30, 2024. The company provides independent living, assisted living, memory care, and continuing care retirement services, focusing on wellness, lifestyle enrichment, and community connection.
Brookdale Senior Living reported its Q3 2024 results, showing continued operational improvements. The company's consolidated weighted average occupancy grew 130 basis points year-over-year to 78.9%. Same community operating income increased 10.1% compared to the prior year period. Net cash from operations rose 45% to $66.5 million, while Adjusted Free Cash Flow reached $13.9 million. Revenue increased to $743.7 million, up 3.7% year-over-year. The company announced agreements to acquire 41 currently leased communities for $610 million and completed a convertible notes transaction generating approximately $135 million in net cash proceeds.
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