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Brookdale Senior Living Inc. operates senior living communities in the United States, with service categories that include independent living, assisted living, memory care, and continuing care retirement communities. The company generates revenue primarily from resident fees for housing and care services, along with management fees for certain communities operated under contract.
Brookdale news commonly covers quarterly and annual operating results, consolidated occupancy trends, revenue per available unit, community portfolio activity, and mortgage debt refinancing. Updates also include earnings-call schedules, investor conference participation, and management commentary on senior housing demand, cost structure, and balance-sheet actions tied to its community portfolio.
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.
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.