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. (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.
Brookdale Senior Living Inc. (NYSE: BKD) announced on September 10, 2020, the completion of a significant financing transaction totaling $221 million. This refinancing covers nearly all of its 2020 and 2021 debt maturities. The financing includes $157 million at a fixed rate of 3.18% and $64 million at an adjustable rate starting at 2.70%, secured by 27 senior living communities. CFO Steven Swain highlighted the proactive measures taken to enhance liquidity, achieving an attractive average loan rate of 3.04%.
Brookdale Senior Living Inc. (NYSE: BKD) has completed a financing transaction, securing $267 million in non-recourse mortgage debt as of August 31, 2020. This financing includes $191 million in fixed-rate notes at 2.89% and $76 million in adjustable-rate notes starting at 2.64%. The transaction enabled Brookdale to repay its $250 million revolving credit facility without penalties. This refinancing enhances the company's financial flexibility, maintains liquidity, and extends loan maturities, securing mortgages against 16 senior living communities.
Brookdale Senior Living (NYSE: BKD) reported Q2 2020 results showing a decline in resident fee revenue by 8.8% to $731.6 million amid COVID-19 disruptions. The company ended the quarter with $600 million in liquidity. Notably, Brookdale entered into agreements to restructure 120 communities leased from Ventas, enhancing long-term cash flow. Despite losses of $118.4 million, the company completed over 100,000 COVID-19 tests with less than 1% of residents testing positive by July 31. Occupancy rates fell to 77.8% from 82.2% in Q1, but move-ins saw gradual improvement throughout the quarter.
Brookdale Senior Living Inc. (NYSE: BKD) will release its second quarter 2020 financial results after the market closes on August 10, 2020. Following the release, a conference call is scheduled for August 11, 2020, at 9:00 AM ET to discuss the results. Brookdale operates 737 senior living communities across 44 states, serving approximately 65,000 residents and offering services to over 17,000 patients.
Brookdale Senior Living Inc. (BKD) announced a definitive agreement with Ventas to restructure its lease arrangements for 120 communities, resulting in a projected $500 million rent reduction through December 31, 2025. Cash rent will decrease to $100 million annually until the end of 2021, with further increases of 3.0% per year thereafter. Additionally, Brookdale sold five assets to Ventas in satisfaction of $78 million of debt and will manage these properties under new agreements, enhancing cash flow and eliminating financial covenants.