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 (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.
Brookdale Senior Living Inc. (NYSE: BKD) reported a 50 basis point increase in consolidated occupancy for September 2021, marking seven consecutive months of growth. The company saw a significant occupancy rise of 200 basis points in Q3 compared to Q2. This reflects strong month-end move-ins despite ongoing challenges in the sector. Brookdale plans to continue publishing monthly occupancy reports until it can resume providing financial guidance. The company operates 682 communities across 41 states, serving over 60,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) has announced the promotion of Kevin Bowman to Executive Vice President of Community Operations, effective October 1, 2021. Bowman, who joined Brookdale in 2016, brings 30 years of experience in senior living and has successfully led operations during the COVID-19 pandemic. His promotion is seen as a strategic move to enhance Brookdale's mission of enriching seniors' lives across its 682 communities in 41 states. Laura Fischer replaces Bowman as West Division Vice President of Operations.
Brookdale Senior Living Inc. (BKD) has announced the pricing of $200 million in convertible senior notes due 2026, aimed at qualified institutional buyers. The interest rate is set at 2.00% per annum, payable semi-annually. Initial conversion will offer 123.4568 shares per $1,000 of notes, with an effective conversion price of approximately $8.10 per share, representing a 35% premium to BKD's recent stock price. Net proceeds are estimated at $194.1 million, intended for general corporate purposes, including debt repayment. The offering will close on October 1, 2021.
Brookdale Senior Living Inc. (NYSE: BKD) announced plans to offer $200 million in convertible senior notes due 2026, subject to market conditions. The notes, aimed at qualified institutional buyers, will be unsecured with semi-annual interest payments. An additional $30 million may also be offered. Proceeds will be used for general corporate purposes, including debt repayment and capped call transactions intended to mitigate stock dilution. Capped call transactions may influence Brookdale's stock price during and after the offering.
Brookdale Senior Living Inc. (BKD) announced its consolidated occupancy for August 2021, reporting six consecutive months of occupancy growth. The weighted average occupancy percentage increased by 50 basis points sequentially, despite the challenges posed by the COVID-19 delta variant. The company plans to continue publishing monthly occupancy reports until it resumes providing financial guidance and returns to historical reporting practices.
Brookdale Senior Living (BKD) reported its second quarter 2021 financial results, showing a 90 basis points increase in weighted average occupancy, marking five consecutive months of growth. Revenue per occupied unit (RevPOR) rose 4.2% year-over-year. Despite a 7.9% decline in resident fee revenue to $674 million, the company's liquidity improved by over $300 million following the sale of a portion of its Health Care Services segment. However, net loss reduced to $83.6 million, demonstrating ongoing challenges.
Brookdale Senior Living Inc. (BKD) will release its second quarter 2021 earnings on August 5, 2021, after market close. A conference call to discuss the results is scheduled for August 6, 2021, at 9:00 AM ET. Investors can access the call by dialing (833) 366-1368 within the U.S. or (639) 380-0044 internationally.
This earnings report will provide insights into Brookdale's performance and future outlook, with the ability to serve over 60,000 residents across 685 communities in 41 states.
FAQ
What is the current stock price of Brookdale Senior Living (BKD)?
What is the market cap of Brookdale Senior Living (BKD)?
What services does Brookdale Senior Living offer?
How many communities does Brookdale operate?
Where can I find Brookdale’s latest financial results?
What is Brookdale’s mission?
How does Brookdale generate its revenue?
What is the ticker symbol for Brookdale Senior Living?
Does Brookdale offer career opportunities?
What makes Brookdale’s communities unique?
How can I contact Brookdale Senior Living?
Where can I find more information about Brookdale?
