Brookdale Sr Living Inc Stock Price, News & Analysis

Brookdale Senior Living (NYSE: BKD) has reported its February 2025 occupancy metrics, showing positive momentum in its senior living facilities. The company achieved a 140 basis points year-over-year increase in weighted average occupancy, rising from 77.9% in February 2024 to 79.3% in February 2025.

The company also recorded a 10 basis points sequential increase from January 2025, demonstrating better-than-usual seasonal performance. The 2025 first quarter-to-date weighted average occupancy stands at 79.2%, significantly outperforming typical seasonal patterns compared to Q4 2024.

Brookdale operates 647 communities across 41 states with the capacity to serve approximately 58,000 residents as of December 31, 2024. Their portfolio includes independent living, assisted living, memory care, and continuing care retirement communities.

Brookdale Senior Living (NYSE: BKD) has confirmed receiving director nominations from Pangaea Ventures, L.P., a fund managed by Ortelius Advisors. Ortelius has nominated six individuals for election to Brookdale's Board of Directors at the 2025 Annual Meeting of Stockholders. The company noted there had been no communication with Ortelius for approximately two years before receiving these nominations.

The Board's Nominating and Corporate Governance Committee will review the proposed nominees according to company guidelines. Formal recommendations will be included in the upcoming proxy statement. Brookdale operates 647 senior living communities across 41 states, serving approximately 58,000 residents as of December 31, 2024, offering independent living, assisted living, memory care, and continuing care retirement services.

Diversified Healthcare Trust (DHC) has completed the sale of 18 triple-net leased senior living communities to Brookdale Senior Living Inc. (BKD) for $135 million, representing approximately $154,000 per unit. The portfolio comprises 876 units across 10 states.

DHC will utilize the sale proceeds to reduce its senior secured notes due in January 2026. Following this payment and the previous reduction from the $159.0 million MUSE building sale in San Diego in January, the outstanding balance of these senior secured notes will be approximately $647 million.

According to CEO Chris Bilotto, this divestment aligns with DHC's strategy to focus on high-performing communities with significant upside potential while reducing leverage to better position for future value-enhancing opportunities.

Brookdale Senior Living (NYSE: BKD) has completed two portfolio acquisitions announced in September 2024, marking the final phase of its three-portfolio acquisition plan. The transactions include:

1. Five communities (686 units) from Welltower Inc. for $175 million, featuring 90%+ occupancy across independent living, assisted living, memory care, and skilled nursing units.

2. Twenty-five communities (875 units) from Diversified Healthcare Trust for $135 million, comprising assisted living and memory care units with 80% occupancy.

The $310 million total acquisition was funded through $69 million cash and $241 million in mortgage debt financing. Financing includes a $161 million Ally Bank mortgage loan and $130 million in Freddie Mac loans. By year-end, Brookdale expects to own more than 75% of its consolidated unit count, positioning itself to capitalize on favorable senior living industry dynamics.

Brookdale Senior Living (NYSE: BKD) has announced its participation in two major conferences in March 2025. The company will present at Citi's Global Property CEO Conference on March 4 at 7:10 am CST and Barclays Global Healthcare Conference on March 11 at 8:30 am CST.

Both presentations will be available via live webcast through Brookdale's investor website, with replays accessible until May 2, 2025. Brookdale operates 647 senior living communities across 41 states, serving approximately 58,000 residents as of December 31, 2024. The company provides various senior living solutions including independent living, assisted living, memory care, and continuing care retirement communities.

As the nation's premier operator of senior living communities, Brookdale focuses on enriching seniors' lives through compassionate care, clinical expertise, and exceptional service, guided by its four cornerstones: passion, courage, partnership, and trust.

Brookdale Senior Living (BKD) reported its Q4 and full-year 2024 results, showing significant improvements in key metrics. Fourth quarter consolidated revenue per available unit (RevPAR) increased 5.5% year-over-year, while weighted average occupancy grew 100 basis points. The company's net loss improved by 8% and Adjusted EBITDA increased by 16% compared to the previous year.

Notable achievements include a 54% increase in net cash from operations and a 46% improvement in Adjusted Free Cash Flow for Q4. The company completed several strategic transactions, including refinancing over $300 million of 2027 debt at lower interest rates, acquiring 11 previously leased communities, and amending its lease agreement with Ventas, involving non-renewal of 55 communities.

For 2025, Brookdale projects RevPAR growth of 4.75% to 5.75% and Adjusted EBITDA between $430.0-445.0 million. The company ended 2024 with total liquidity of $389.3 million, including $308.9 million in unrestricted cash.

Brookdale Senior Living (NYSE: BKD) has scheduled its fourth quarter and full-year 2024 earnings release for Tuesday, February 18, 2025, after market close. The company will host a conference call to discuss the results on Wednesday, February 19, 2025, at 9:00 a.m. ET.

As of December 31, 2024, Brookdale operates 647 senior living communities across 41 states, serving approximately 58,000 residents. The company provides various senior living solutions including independent living, assisted living, memory care, and continuing care retirement communities. Their services focus on providing compassionate care, clinical expertise, and exceptional service to help seniors live with dignity and purpose.

Brookdale Senior Living (NYSE: BKD) has reported improved occupancy metrics for December 2024. The company achieved a 100 basis points year-over-year increase in weighted average occupancy, rising from 78.3% in 2023 to 79.3% in 2024.

The fourth quarter 2024 showed strong performance with a 100 basis points increase compared to the prior year quarter, and a 50 basis points sequential increase from Q3, exceeding normal pre-pandemic seasonality. Move-in volume for Q4 2024 was particularly robust, surpassing both the prior year and pre-pandemic average by 8%.

Brookdale operates 647 communities across 41 states, with capacity to serve approximately 58,000 residents through its independent living, assisted living, memory care, and continuing care retirement communities.

Brookdale Senior Living (NYSE: BKD) has completed a significant refinancing transaction, securing a $344.2 million loan through JLL Real Estate Capital under Fannie Mae's DUS Program. The new financing, which matures in January 2032, was used to repay $312.5 million of variable rate debt due September 2027.

The new loan features a fixed interest rate of 6.14%, compared to the previous variable rate of 7.20%, and is interest-only for the first two years. The debt is secured by non-recourse first priority mortgages on 47 communities, which also secure approximately $435 million of additional outstanding mortgages.