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 Inc. (NYSE: BKD) announced positive trends in occupancy for February 2022. The company reported a fourth consecutive month of year-over-year weighted average occupancy growth since the pandemic started. Notably, Brookdale recorded net move-ins exceeding move-outs for the first time since 2014, while the weighted average occupancy remained stable, dropping only 10 basis points during the month. Since initiating its turnaround in February 2021, the weighted average occupancy has increased by 390 basis points.
Brookdale Senior Living Inc. (BKD) announced that CEO Lucinda "Cindy" Baier will participate in the Barclays Global Healthcare Conference on March 16, 2022. The discussion will begin at 8:00 am ET, accessible via a live webcast on the company's investor relations website. A replay will be available until April 15, 2022. Brookdale operates 679 communities across 41 states, serving over 60,000 residents, focusing on providing home-like environments for seniors.
Brookdale Senior Living (BKD) reported Q4 2021 results, showing a 4% increase in revenue per available unit (RevPAR) to $3,828 and a sequential occupancy rise of 100 basis points to 73.5%. Total resident fee revenue decreased by 10.6% year-over-year, falling to $605.4 million. The company experienced a net loss of $81.7 million compared to a loss of $44.1 million in Q4 2020. Financial liquidity improved with $537 million available, bolstered by significant capital raising efforts. For 2022, BKD expects RevPAR growth of 10% to 12% and adjusted EBITDA between $240 million and $260 million.
Brookdale Senior Living Inc. (BKD) will release its fourth quarter and full-year 2021 financial results on February 14, 2022, after market close. A conference call to discuss these results is scheduled for February 15, 2022, at 9:00 AM ET. The company operates 679 senior living communities across 41 states, serving over 60,000 residents. Brookdale is committed to enriching lives through its comprehensive care services and remains a leading operator in the senior living sector.
Brookdale Senior Living Inc. (NYSE: BKD) reported notable occupancy growth for December 2021. This marked the 10th consecutive month of weighted average occupancy increase, with the first sequential growth in December since 2012. Additionally, the fourth quarter saw a 100 basis points rise in weighted average occupancy compared to the third quarter. This represents the first year-over-year quarterly occupancy growth since the pandemic began, signalling a positive trend in the senior living sector.
Brookdale Senior Living Inc. (BKD) announced the completion of a $100 million financing transaction, enabling the prepayment of nearly all its 2022 debt maturities. This strategic move is expected to save the company several million dollars annually in interest expenses. The mortgage debt was secured from Capital One and has a favorable variable interest rate of 2.15% over SOFR. This refinancing is part of Brookdale's efforts to enhance liquidity and is seen as a proactive measure to improve the company's financial position going into 2022.
Brookdale Senior Living Inc. (NYSE: BKD) announced its consolidated occupancy for November 2021, marking a significant milestone with nine consecutive months of weighted average occupancy growth. This is the first month showing positive year-over-year growth since the pandemic began. The company plans to continue publishing monthly occupancy reports through December 2021, indicating a positive trend for Brookdale's operations in the senior living sector.
Brookdale Senior Living (BKD) reported a strong recovery in its Q3 2021 results, with a 200 basis point increase in weighted average occupancy to 72.5%. Liquidity improved to $646 million, aided by the $400 million sale of 80% equity in its Health Care Services segment. The company recognized a net income of $174.3 million, significantly higher than the $125 million loss in Q3 2020, largely due to a one-time gain of $288.2 million from the HCS sale. However, total resident fee revenue fell 14.4% year-over-year to $600.1 million.
Brookdale Senior Living Inc. (NYSE: BKD) will participate in the Credit Suisse 30th Annual Virtual Healthcare Conference on November 11, 2021. The discussion, led by Lucinda Baier, CEO, and Steven Swain, CFO, is scheduled to begin at 11:20 am ET. The live webcast can be accessed at brookdale.com/investor and a replay will be available until December 13, 2021. Brookdale operates 682 communities across 41 states, serving over 60,000 residents, focused on enriching lives with compassion and integrity.
BROOKDALE Senior Living Inc. (NYSE: BKD) will release its Q3 2021 financial results on November 4, 2021, after market close. A conference call to discuss these results is set for November 5, 2021, at 9:00 AM ET. As of September 30, 2021, the company operates 682 communities across 41 states, serving over 60,000 residents. This earnings call aims to provide insights into Brookdale's financial performance and future outlook.
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