Brookdale Reports March 2025 Occupancy

Rhea-AI Summary

Brookdale Senior Living (NYSE: BKD) has reported strong occupancy growth for March 2025. The company achieved a weighted average occupancy of 79.5%, representing a 160 basis points increase year-over-year and a 20 basis points sequential growth from February. The month-end occupancy reached 80.9%, marking the highest level in five years.

First quarter 2025 performance showed accelerated growth with weighted average occupancy increasing 140 basis points year-over-year to 79.3%, significantly outperforming normal seasonal patterns. Move-in volume exceeded historical averages by 12% while move-out volume improved by 3%.

Brookdale operates 647 senior living communities across 41 states, serving approximately 58,000 residents as of March 31, 2025. The company provides independent living, assisted living, memory care, and continuing care retirement communities.

Positive

• Highest month-end occupancy (80.9%) achieved in five years
• 160 basis points year-over-year increase in March occupancy to 79.5%
• Move-in volume exceeded historical average by 12%
• Move-out volume improved 3% compared to historical average
• Counter-seasonal strength demonstrated in Q1 2025

Negative

• Overall occupancy still remains below 81% despite improvements

Insights

Senior Housing Analyst

Brookdale's March occupancy data reveals significant operational momentum with weighted average occupancy increasing 160% year-over-year to 79.5% and growing sequentially by 20% from February. The 80.9% month-end occupancy represents a 5-year high, a critical milestone in the senior housing recovery trajectory.

The counter-seasonal strength in Q1 occupancy is particularly noteworthy. Senior housing typically experiences occupancy pressure during winter months due to seasonal illness and mortality factors. Brookdale's ability to achieve 140% year-over-year growth to 79.3% for Q1 while outperforming normal seasonality patterns signals robust operational execution.

The move-in and move-out metrics provide additional confidence in this recovery's sustainability. Move-ins exceeding historical averages by 12% demonstrates strong demand generation, while move-outs performing 3% better than historical norms indicates improved resident satisfaction and retention.

For a fixed-cost business like senior housing, occupancy improvements directly enhance operational leverage - each incremental resident improves margin efficiency across Brookdale's 647 communities. The consistent upward trajectory across multiple metrics (sequential, year-over-year, and five-year comparisons) suggests the company's operational initiatives are successfully addressing the sector's post-pandemic occupancy challenges.

NASHVILLE, Tenn., April 8, 2025 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for March 2025.

 

March 2025 Observations:

• March weighted average occupancy increased 160 basis points year-over-year to 79.5% and grew 20 basis points sequentially from February, reflecting another month of counter-seasonal strength.
• March month end occupancy also improved sequentially to 80.9%, marking the highest month end occupancy in five years.
• First quarter weighted average occupancy growth accelerated to 140 basis points year-over-year to 79.3% in 2025.
• Sequentially, first quarter weighted average occupancy performance was significantly better than normal seasonality.
• For comparable communities, move-in volume exceeded historical average for the first quarter by 12% while move-out volume was 3% better than historical average.

About Brookdale Senior Living
Brookdale Senior Living Inc. is the nation's premier operator of senior living communities. With 647 communities across 41 states and the ability to serve approximately 58,000 residents as of March 31, 2025, Brookdale is committed to its mission of enriching the lives of seniors through compassionate care, clinical expertise, and exceptional service. The Company, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities, offering tailored solutions that help empower seniors to live with dignity, connection, and purpose. Leveraging deep expertise in healthcare, hospitality, and real estate, Brookdale creates opportunities for wellness, personal growth, and meaningful relationships in settings that feel like home. Guided by its four cornerstones of passion, courage, partnership, and trust, Brookdale is committed to delivering exceptional value and redefining senior living for a brighter, healthier future. Brookdale's stock trades on the New York Stock Exchange under the ticker symbol BKD. For more information, visit brookdale.com or connect with Brookdale on Facebook or YouTube.

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SOURCE Brookdale Senior Living Inc.

FAQ

What was Brookdale's (BKD) occupancy rate in March 2025?

Brookdale's weighted average occupancy in March 2025 was 79.5%, with month-end occupancy reaching 80.9%.

How much did BKD's occupancy improve year-over-year in March 2025?

Brookdale's March 2025 occupancy increased by 160 basis points (1.60%) compared to March 2024.

What was Brookdale's Q1 2025 average occupancy performance?

First quarter 2025 weighted average occupancy grew 140 basis points year-over-year to 79.3%.

How did BKD's move-in and move-out rates perform in Q1 2025?

Move-in volume exceeded historical average by 12%, while move-out volume was 3% better than historical average.

How many senior living communities does Brookdale (BKD) operate in 2025?

Brookdale operates 647 communities across 41 states, serving approximately 58,000 residents as of March 31, 2025.