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. (BKD) operates one of the nation's largest senior living networks, offering independent living, assisted living, and specialized memory care services. This page serves as the definitive source for investors and industry professionals tracking the company's operational developments and financial performance.
Access curated press releases and news articles covering earnings announcements, strategic partnerships, regulatory updates, and community expansions. Our repository provides essential insights into Brookdale's management of 700+ communities across 41 states, with updates on lease restructuring efforts and care model innovations.
Key updates include quarterly financial disclosures, leadership changes, quality of care initiatives, and market expansion strategies. All content is verified through primary sources to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for real-time updates on Brookdale's operational milestones in the competitive senior living sector. Monitor how the company navigates demographic trends and healthcare policy changes while maintaining its position as an industry leader.
Brookdale Senior Living (NYSE: BKD) reported strong financial results for 2022, with RevPAR improving by 10.1% year-over-year and weighted average occupancy rising by 390 basis points. For the fourth quarter, resident fee revenue reached $657.9 million, an 8.7% increase from the previous year, while net loss decreased to ($25.7 million), a 68.5% reduction from 2021. The company holds $453 million in liquidity, with no significant debt due until September 2024. Looking forward, Brookdale projects 11%-12% RevPAR growth in Q1 2023 and expects to enhance its operating results through various improvement initiatives.
Brookdale Senior Living Inc. (NYSE: BKD) will release its fourth quarter and full-year 2022 financial results after market close on February 21, 2023. A conference call to discuss these results is set for February 22, 2023, at 9:00 AM ET. The company operates 673 senior living communities across 41 states, catering to over 60,000 residents. The earnings report may provide critical insights into Brookdale's performance and future outlook, and investors are encouraged to participate in the call or access the webcast for detailed information.
Brookdale Senior Living Inc. (NYSE: BKD) has announced leadership changes to enhance operational efficiency. Steven E. Swain will exit as CFO, effective February 24, 2023, with Dawn L. Kussow stepping in as his successor. Kevin W. Bowman has also left his position. Preliminary financial results for 2022 indicate full-year RevPAR growth but a slight decline in Adjusted EBITDA compared to previous guidance. Total revenues are expected to exceed earlier forecasts, but facility operating expenses are projected to rise above 1% in Q4 2022. CEO Lucinda Baier noted strong revenue growth despite challenges, including a difficult labor market and winter storm Elliott.
Brookdale Senior Living Inc. (NYSE: BKD) reported a positive trend in its occupancy rates for December 2022. The weighted average occupancy increased by 70 basis points in the fourth quarter compared to Q3. The company achieved a 340 basis point increase year-over-year and a remarkable 760 basis point growth since March 2021. This marks fourteen consecutive months of year-over-year growth in occupancy. As of December 31, 2022, Brookdale operates 673 communities across 41 states, serving over 60,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) announced a significant uptick in its consolidated occupancy for November 2022. The company's weighted average occupancy rose by 350 basis points year-over-year and by 70 basis points compared to the full third quarter. This marks the thirteenth consecutive month of year-over-year growth, showcasing a 760 basis point increase since the recovery began in March 2021. Brookdale operates 672 communities across 41 states, catering to over 60,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) announced the pricing of its public offering of 2.5 million tangible equity units at $50.00 per unit, expected to close on November 21, 2022. The offering may yield approximately $120.3 million, or up to $138.5 million if the underwriters exercise their over-allotment option. Each unit includes a prepaid stock purchase contract and a senior amortizing note due November 15, 2025, with an interest rate of 10.25%. The proceeds will be used for general corporate purposes.
Brookdale Senior Living Inc. (NYSE: BKD) announced a public offering of 2.5 million tangible equity units, totaling $125.0 million. Each unit, priced at $50.00, consists of a prepaid stock purchase contract and a senior amortizing note maturing in November 2025. The offering is made via a prospectus supplement under an effective shelf registration statement. Brookdale intends to use the net proceeds for general corporate purposes. The underwriters have a 30-day option to purchase an additional 375,000 units.
Brookdale Senior Living (BKD) reported a robust performance for Q3 2022, with a 9.7% increase in consolidated revenue per available unit (RevPAR) year-over-year and a 390 basis point rise in weighted average occupancy. The company refinanced $220 million in debt, enhancing financial stability. Despite challenges from Hurricane Ian, Brookdale's occupancy growth since March 2021 is notable, with a 750 basis point increase. Revenue from resident fees rose 9.9% year-over-year, although net income showed a loss of $28.4 million due to prior year gains. Adjusted EBITDA improved significantly.
Brookdale Senior Living Inc. (NYSE: BKD) will release its third quarter 2022 financial results on November 7, 2022, after market hours. The company plans to discuss these results during a conference call on November 8, 2022, at 9:00 AM ET. Brookdale operates 672 communities across 41 states, serving over 60,000 residents, emphasizing its commitment to enriching lives with compassion and integrity. Investors can access the call via the company’s investor relations website and participate in a replay available until November 15, 2022.
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