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 significant occupancy gains for August 2022, achieving over 2,200 move-ins, the highest in four years. The sequential weighted average occupancy increased by 50 basis points, reaching an 80 basis points rise at month-end. Since March 2021, occupancy has surged by 700 basis points, marking ten consecutive months of year-over-year growth. Brookdale operates 674 communities across 41 states, serving over 60,000 residents.
Brookdale Senior Living (BKD) reported its Q2 2022 results, highlighting a 10.3% year-over-year increase in RevPAR and a 410 basis points rise in occupancy to 74.6%. The company achieved a 10% workforce increase since the start of the year, aided by a decrease in contract labor. It also accepted approximately $60 million in Provider Relief Fund grants. However, the company’s net loss was $84.3 million, showing a 9.2% increase in resident fee revenue but a 5% decline in total resident fee revenue due to previous community dispositions.
Brookdale Senior Living Inc. (BKD) will release its Q2 2022 financial results after market close on August 8, 2022. A conference call to discuss these results is scheduled for August 9, 2022, at 9:00 AM ET. As a leading operator of senior living communities, Brookdale currently manages 674 communities across 41 states, serving over 60,000 residents. This earnings release is anticipated by investors looking for insights into the company's financial performance and future outlook.
Broadening its occupancy metrics, Brookdale Senior Living Inc. (NYSE: BKD) reported an increase in consolidated occupancy for June 2022. Weighted average occupancy rose by 60 basis points sequentially and 410 basis points year-over-year, marking the highest growth in over a decade for any second quarter. The month-end occupancy also saw a boost of 40 basis points. Brookdale operates 674 communities in 41 states, serving over 60,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) reported significant improvements in its May 2022 occupancy metrics. The company experienced a sequential increase in weighted average occupancy by 70 basis points and a month-end occupancy rise of 90 basis points. This marks the seventh consecutive month of year-over-year occupancy growth. Additionally, Brookdale achieved over 2,000 move-ins during May, highlighting its ongoing recovery and demand for senior living services.
Brookdale Senior Living Inc. (NYSE: BKD) announced that its CEO, Lucinda "Cindy" Baier, will participate in the Jefferies Healthcare Conference on June 9, 2022, starting at 8:00 am ET. The discussion will be accessible via live webcast on the Company's investor website. A replay will be available until August 8, 2022. Brookdale operates 678 senior living communities across 41 states, serving over 60,000 residents, emphasizing its commitment to enriching lives with compassion and respect.
Brookdale Senior Living (BKD) reported significant first quarter 2022 results, with revenue per available unit (RevPAR) rising 11.0% year-over-year to $4,037. The company experienced a 380 basis point increase in weighted average occupancy, reaching 73.4%. Senior housing resident fee revenue increased by 10.3% year-over-year to $637 million. However, the net loss for the quarter was reported at $100 million. Adjusted EBITDA increased by 6.3% to $37.2 million. Brookdale maintains a total liquidity of $475.9 million and aims for RevPAR growth of 10%-12% for the full year 2022.
Brookdale Senior Living Inc. (NYSE: BKD) will have its President and CEO, Lucinda Baier, participating in the RBC Capital Markets 2022 Global Healthcare Conference on May 18, 2022, starting at 8:30 am ET. Investors can access the live webcast on the company’s website or through this link. A replay will be available until June 8, 2022. Brookdale operates and manages 678 communities across 41 states, serving over 60,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) will release its first quarter 2022 financial results after market close on May 5, 2022. A conference call to discuss these results is scheduled for May 6, 2022, at 9:00 AM ET. The company operates 678 communities across 41 states and serves over 60,000 residents. Investors can participate in the call or access a replay afterward. More details and the webcast link are available on Brookdale's investor relations page.
Brockdale Senior Living Inc. (NYSE: BKD) reported a rise in consolidated occupancy for March 2022. The company noted a 30 basis point increase in sequential weighted average occupancy and a 60 basis point month-end occupancy growth. This first quarter marked the best sequential occupancy change in a decade, despite typical seasonal declines. Notably, over 2,000 move-ins occurred in March, the highest since August 2019.
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