Brookdale Reports September 2024 Occupancy
Rhea-AI Summary
Brookdale Senior Living Inc. (NYSE: BKD) has reported its consolidated occupancy for September 2024, showing positive trends in the senior living sector. Key highlights include:
- September weighted average occupancy increased by 30 basis points to 79.2%, with month-end occupancy reaching 80.5%.
- The company achieved its 35th consecutive month of year-over-year weighted average occupancy growth.
- Third quarter weighted average occupancy improved by 130 basis points compared to Q3 2023 and 80 basis points compared to Q2 2024.
- Third quarter move-ins and move-outs were favorable compared to the second quarter.
Brookdale operates 648 communities across 41 states, serving approximately 58,000 residents through independent living, assisted living, memory care, and continuing care retirement communities.
Positive
- September weighted average occupancy increased 30 basis points to 79.2%
- Month-end occupancy grew to 80.5%
- 35 consecutive months of year-over-year weighted average occupancy growth
- Q3 weighted average occupancy up 130 basis points vs Q3 2023
- Q3 weighted average occupancy up 80 basis points vs Q2 2024
- Favorable Q3 move-ins and move-outs compared to Q2
Negative
- None.
News Market Reaction
On the day this news was published, BKD gained 1.06%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NASHVILLE, Tenn., Oct. 8, 2024 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for September 2024.
September 2024 Observations:
- September weighted average occupancy increased 30 basis points sequentially to
79.2% , while month end occupancy grew to80.5% . - September represents the Company's thirty-fifth consecutive month of year-over-year weighted average occupancy growth.
- Third quarter weighted average occupancy increased 130 basis points when compared to the third quarter of 2023, and 80 basis points when compared to the second quarter of 2024.
- Third quarter move-ins and move-outs were favorable sequentially to the second quarter.
About Brookdale Senior Living
Brookdale Senior Living Inc. is the nation's premier operator of senior living communities. The Company is committed to its mission of enriching the lives of the people it serves with compassion, respect, excellence, and integrity. The Company, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities. Through its comprehensive network, Brookdale helps to provide seniors with care, connection, and services in an environment that feels like home. The Company's expertise in healthcare, hospitality, and real estate provides residents with opportunities to improve wellness, pursue passions, make new friends, and stay connected with loved ones. Brookdale, through its affiliates, operates and manages 648 communities in 41 states as of September 30, 2024, with the ability to serve approximately 58,000 residents. 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
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