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 (NYSE: BKD) reported its December 2020 occupancy rates, noting a moderation in the occupancy decline during Q4. As of December 31, 2020, 89% of its communities were open for move-ins, bolstered by strong infection control measures amid rising COVID-19 cases. Around 90% of communities have initiated COVID-19 vaccine clinics. The company anticipates recognizing approximately $78 million from government grants and incurring $30 million in COVID-related expenses. Monthly occupancy reports will continue until financial guidance resumes.
Brookdale Senior Living Inc. (BKD) announced its consolidated occupancy for November 2020, signaling a resilient operational capacity amid rising COVID-19 cases, with 89% of communities open for move-ins as of November 30. The company plans to maintain monthly occupancy reports until financial guidance resumes. Brookdale emphasizes its commitment to resident safety through stringent infection control protocols and prioritization for COVID-19 vaccinations. As of September 30, 2020, Brookdale operates 726 communities across 44 states, serving around 65,000 residents.
Brookdale Senior Living (NYSE: BKD) announced its communities are prioritized for the COVID-19 vaccine distribution by the U.S. Department of Health and Human Services. This decision aims to protect over one million individuals in senior living communities, recognizing them as a vulnerable population. Brookdale's CEO, Cindy Baier, emphasized their commitment to resident safety and their partnership with CVS Health for the vaccination rollout. The company operates 726 communities across 44 states, serving around 65,000 residents. More information can be found on their website.
Brookdale Senior Living (NYSE: BKD) has been awarded the J.D. Power Award for ranking highest in the 2020 U.S. Senior Living Satisfaction Study. The survey highlighted Brookdale's superiority in resident satisfaction, specifically in areas like Community Staff, Resident Activities, Resident Apartment/Living Unit, and Community Buildings and Grounds. Brookdale operates 726 communities across the U.S., providing care for approximately 65,000 residents. This recognition underscores the dedication of Brookdale's over 46,000 associates during challenging times, including the pandemic.
Brookdale Senior Living Inc. (BKD) will participate in the Credit Suisse 29th Annual Healthcare Conference on November 10, 2020, at 4:15 PM ET. CEO Cindy Baier and CFO Steven Swain will discuss the company’s operations and strategies. An investor slide presentation is available on their website, and a live audio webcast can be accessed online. The presentation will be available for replay until December 24, 2020. Brookdale operates 726 senior living communities across 44 states, serving approximately 65,000 residents as of September 30, 2020.
Brookdale Senior Living (BKD) reported a net loss of $125 million for Q3 2020, a 59.2% increase in losses year-over-year, primarily influenced by a significant drop in resident fee revenue due to COVID-19, which declined by 12.5% to $700.8 million. The company completed a lease restructuring, reducing cash rent by $500 million, and enhancing liquidity to $491 million. Despite 95% of communities being open to move-ins, average occupancy fell to 75% from 77.8%. Adjusted EBITDA dropped to $(64 million), significantly impacted by a $119.2 million one-time lease payment.
BROOKDALE SENIOR LIVING INC. (NYSE: BKD) will participate in the Credit Suisse 29th Annual Healthcare Conference on November 10, 2020. CEO Cindy Baier and CFO Steven Swain will discuss the company's operations and future plans starting at 4:15 pm ET. The live audio webcast can be accessed through the company's website www.brookdale.com/investor, with a replay available until December 24, 2020. Brookdale operates 726 senior living communities across 44 states, serving around 65,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) plans to release its Q3 2020 financial results after market close on November 4, 2020. A conference call to discuss the results is scheduled for November 5, 2020, at 9:00 AM ET. As of September 30, 2020, Brookdale operates 726 senior living communities across 44 states, serving approximately 65,000 residents. Additionally, the company provides home health, hospice, and outpatient therapy services to over 17,000 patients. For further details, the call can be accessed at www.brookdale.com/investor.
Brookdale Senior Living Inc. (NYSE: BKD) CEO Lucinda M. Baier will receive the 2020 Corporate Citizenship Award from the Committee for Economic Development (CED) at the Distinguished Performance Awards Virtual Celebration on October 27, 2020. The award recognizes Brookdale's commitment to corporate responsibility and community engagement amidst challenging times, particularly during the COVID-19 crisis. Baier emphasized the dedication of Brookdale's 50,000 associates in delivering high-quality care. The company operates 737 senior living communities across 44 states, serving approximately 65,000 residents as of June 30, 2020.
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