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Brookdale Senior Living Inc. - BKD STOCK NEWS

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.

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Brookdale Senior Living (NYSE: BKD) reported a significant increase in occupancy rates for June 2024. The weighted average occupancy rose by 140 basis points year-over-year to 78.2%, driven by increased move-ins and decreased move-outs. Sequentially, June's weighted average occupancy increased by 10 basis points, and month-end occupancy grew by 20 basis points. This supported a 20 basis point sequential increase for Q2 2024 compared to Q1 2024. Q2's weighted average occupancy also increased by 160 basis points compared to the same quarter last year. Brookdale operates 649 communities across 41 states, serving approximately 59,000 residents.

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Brookdale Senior Living (NYSE: BKD) reported a significant increase in occupancy for May 2024. The weighted average occupancy rose by 20 basis points sequentially, and month-end occupancy increased by 30 basis points. The second quarter-to-date weighted average occupancy reached 78.0%, up 160 basis points from 76.4% in the same period last year. This marks the 31st consecutive month of year-over-year occupancy growth. Brookdale operates 652 communities across 41 states, serving approximately 59,000 residents. The company's stock trades on the New York Stock Exchange under the ticker symbol BKD.

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Brookdale Senior Living Inc. (NYSE: BKD) announced first quarter 2024 results, with a 6.7% increase in RevPAR, 160 basis point rise in occupancy, and a 34% improvement in net income. Adjusted EBITDA grew by 10% year-over-year. The company was recognized for its innovative programs and listed on U.S. News & World Report. Despite positive results, there was a net loss of $29.6 million. Liquidity increased to $355.1 million. The company obtained $50.0 million in debt in February 2024.

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Brookdale Senior Living Inc. announced that the Company's management will participate in two investor conferences in May 2024: the RBC Capital Markets Global Healthcare Conference on May 14 and the Bank of America Securities Healthcare Conference on May 16. The Company's fireside chats will be live webcasted on its website and available for replay until June 14. Brookdale is a leading operator of senior living communities in 41 states, with 652 communities serving approximately 59,000 residents. The stock trades on the NYSE under the ticker symbol BKD.

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Brookdale Senior Living Inc. (NYSE: BKD) has announced the date for the release of its first quarter 2024 financial results and conference call. The financial results will be released after the market closes on May 7, 2024, with the conference call scheduled for May 8, 2024, at 9:00 a.m. (ET). Investors can access the call via phone or webcast.
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Brookdale Senior Living Inc. (BKD) reports a 180 basis points increase in weighted average occupancy for March 2024 compared to the previous year, reaching 77.9%. This marks the twenty-ninth consecutive month of year-over-year growth. However, there was a slight decrease of (50) basis points in occupancy compared to the fourth quarter of 2023.
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Brookdale Senior Living Inc. (BKD) reported a 160 basis points increase in weighted average occupancy for February 2024 compared to the previous year. The company achieved twenty-eight consecutive months of year-over-year growth. However, first quarter-to-date 2024 occupancy decreased slightly compared to the full fourth quarter of 2023. Brookdale anticipates reporting first quarter results in the top-half of its guidance ranges.
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Brookdale Senior Living Inc. (NYSE: BKD) will participate in Citi's 2024 Global Property CEO Conference on March 4, 2024, and Barclays Global Healthcare Conference on March 12, 2024. The Company's management will present at these events, with webcasts accessible on their website.
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Brookdale Senior Living Inc. (BKD) reported strong financial results for the quarter and full year ended December 31, 2023, with significant increases in same community occupancy, revenue, and operating income. The company also improved net cash provided by operating activities and Adjusted Free Cash Flow. Despite challenges like natural disasters and lease terminations, Brookdale remains focused on growth and value creation.
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Brookdale Senior Living Inc. (BKD) is set to release its Q4 and full-year 2023 financial results on February 20, 2024, followed by a conference call on February 21, 2024, to discuss the results. The webcast of the call will be available at brookdaleinvestors.com, with a replay option until February 28, 2024.
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FAQ

What services does Brookdale Senior Living offer?

Brookdale offers Independent Living, Assisted Living, Memory Care, and Continuing Care Retirement Communities (CCRCs), along with outpatient therapy, home health, and hospice services.

How many communities does Brookdale operate?

As of March 31, 2024, Brookdale operates 652 communities in 41 states, serving approximately 59,000 residents.

Where can I find Brookdale’s latest financial results?

Brookdale’s latest financial results can be found on their investor relations page at brookdaleinvestors.com.

What is Brookdale’s mission?

Brookdale’s mission is to enrich the lives of the people it serves with compassion, respect, excellence, and integrity.

How does Brookdale generate its revenue?

Brookdale generates revenue through resident fees for the services provided and management fees from certain contracted communities.

What is the ticker symbol for Brookdale Senior Living?

Brookdale’s stock trades on the New York Stock Exchange under the ticker symbol BKD.

Does Brookdale offer career opportunities?

Yes, Brookdale offers a variety of career opportunities. You can find more information on their website at brookdale.com.

What makes Brookdale’s communities unique?

Brookdale’s communities are designed to provide high-quality care and living accommodations, promoting wellness, social connection, and personal growth in a home-like environment.

How can I contact Brookdale Senior Living?

You can contact Brookdale Senior Living through their website at brookdale.com or connect with them on Facebook and YouTube.

Where can I find more information about Brookdale?

More information about Brookdale can be found on their website at brookdale.com and on their social media pages on Facebook and YouTube.

Brookdale Senior Living Inc.

NYSE:BKD

BKD Rankings

BKD Stock Data

1.48B
193.01M
3.9%
108.26%
7.4%
Nursing Care Facilities (Skilled Nursing Facilities)
Health Care and Social Assistance
Link
United States of America
BRENTWOOD