Welcome to our dedicated page for Brookdale Sr Living news (Ticker: BKD), a resource for investors and traders seeking the latest updates and insights on Brookdale Sr Living stock.
Brookdale Senior Living, Inc. (NYSE: BKD) is a large U.S. operator of senior living communities, with a portfolio that includes independent living, assisted living, memory care, and continuing care retirement communities. The BKD news feed on Stock Titan aggregates company-issued updates and other coverage so readers can follow how Brookdale’s operations, occupancy, and capital structure evolve over time.
Brookdale regularly publishes occupancy updates, detailing consolidated and same community weighted average occupancy, month-end occupancy, and sequential and year-over-year changes. These monthly and quarterly occupancy reports provide insight into resident demand, move-in and move-out trends, and seasonal patterns across its communities.
The company also issues earnings releases that discuss quarterly financial results, including resident fees, facility operating expenses, general and administrative expenses, and non-GAAP measures such as Adjusted EBITDA and Adjusted Free Cash Flow. These releases often include commentary on portfolio dispositions, lease transitions, and liquidity metrics.
In addition, Brookdale news includes financing announcements, such as mortgage loans and credit facilities secured by first mortgages on senior living communities, along with information on refinancing upcoming debt maturities and the mix of fixed-rate and variable-rate obligations. Leadership and governance developments, including the appointment of a Chief Executive Officer and a Chief Operating Officer, are reported through press releases and corresponding Form 8-K filings.
Investors, analysts, and others interested in the senior living sector can use this BKD news page to review a chronological record of Brookdale’s publicly reported occupancy trends, financial updates, capital markets activity, and executive changes. Bookmark this page to quickly access new Brookdale Senior Living announcements as they are released.
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.
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.
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