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 Inc. (BKD) announced the completion of a $220 million financing transaction aimed at refinancing nearly all of its 2023 debt maturities. The mortgage debt, obtained from Capital One and Synovus Bank, features an initial three-year term with two one-year renewal options and an interest rate of 2.45% over SOFR. This move provides Brookdale with a strategic advantage, extending its maturity runway until September 2024, excluding one loan related to an asset intended for sale. The refinancing includes first priority mortgages on 24 senior living communities.
Brookdale Senior Living (NYSE: BKD) reported an increase in consolidated occupancy for September 2022. The company's sequential occupancy rose by 50 basis points, while third-quarter move-ins grew by 7%. Additionally, the weighted average occupancy increased by 390 basis points compared to the same quarter last year, marking an impressive growth of 750 basis points since March 2021. Brookdale has achieved eleven consecutive months of year-over-year occupancy growth, reinforcing its position in the senior living market.
Brookdale Senior Living (NYSE: BKD) reported significant occupancy gains for August 2022, achieving over 2,200 move-ins, the highest in four years. The sequential weighted average occupancy increased by 50 basis points, reaching an 80 basis points rise at month-end. Since March 2021, occupancy has surged by 700 basis points, marking ten consecutive months of year-over-year growth. Brookdale operates 674 communities across 41 states, serving over 60,000 residents.
Brookdale Senior Living (BKD) reported its Q2 2022 results, highlighting a 10.3% year-over-year increase in RevPAR and a 410 basis points rise in occupancy to 74.6%. The company achieved a 10% workforce increase since the start of the year, aided by a decrease in contract labor. It also accepted approximately $60 million in Provider Relief Fund grants. However, the company’s net loss was $84.3 million, showing a 9.2% increase in resident fee revenue but a 5% decline in total resident fee revenue due to previous community dispositions.
Brookdale Senior Living Inc. (BKD) will release its Q2 2022 financial results after market close on August 8, 2022. A conference call to discuss these results is scheduled for August 9, 2022, at 9:00 AM ET. As a leading operator of senior living communities, Brookdale currently manages 674 communities across 41 states, serving over 60,000 residents. This earnings release is anticipated by investors looking for insights into the company's financial performance and future outlook.
Broadening its occupancy metrics, Brookdale Senior Living Inc. (NYSE: BKD) reported an increase in consolidated occupancy for June 2022. Weighted average occupancy rose by 60 basis points sequentially and 410 basis points year-over-year, marking the highest growth in over a decade for any second quarter. The month-end occupancy also saw a boost of 40 basis points. Brookdale operates 674 communities in 41 states, serving over 60,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) reported significant improvements in its May 2022 occupancy metrics. The company experienced a sequential increase in weighted average occupancy by 70 basis points and a month-end occupancy rise of 90 basis points. This marks the seventh consecutive month of year-over-year occupancy growth. Additionally, Brookdale achieved over 2,000 move-ins during May, highlighting its ongoing recovery and demand for senior living services.
Brookdale Senior Living Inc. (NYSE: BKD) announced that its CEO, Lucinda "Cindy" Baier, will participate in the Jefferies Healthcare Conference on June 9, 2022, starting at 8:00 am ET. The discussion will be accessible via live webcast on the Company's investor website. A replay will be available until August 8, 2022. Brookdale operates 678 senior living communities across 41 states, serving over 60,000 residents, emphasizing its commitment to enriching lives with compassion and respect.
Brookdale Senior Living (BKD) reported significant first quarter 2022 results, with revenue per available unit (RevPAR) rising 11.0% year-over-year to $4,037. The company experienced a 380 basis point increase in weighted average occupancy, reaching 73.4%. Senior housing resident fee revenue increased by 10.3% year-over-year to $637 million. However, the net loss for the quarter was reported at $100 million. Adjusted EBITDA increased by 6.3% to $37.2 million. Brookdale maintains a total liquidity of $475.9 million and aims for RevPAR growth of 10%-12% for the full year 2022.
Brookdale Senior Living Inc. (NYSE: BKD) will have its President and CEO, Lucinda Baier, participating in the RBC Capital Markets 2022 Global Healthcare Conference on May 18, 2022, starting at 8:30 am ET. Investors can access the live webcast on the company’s website or through this link. A replay will be available until June 8, 2022. Brookdale operates and manages 678 communities across 41 states, serving over 60,000 residents.
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