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) is set to release its first quarter 2023 financial results after market close on May 8, 2023. A conference call to discuss these results will be held on May 9, 2023, at 9:00 AM ET. Brookdale operates 673 senior living communities across 41 states, serving over 60,000 residents. The company emphasizes a commitment to enriching the lives of seniors through various living options, including independent and assisted living, and memory care. Investors can access the conference call via phone or an online webcast. A replay will be available until May 16, 2023.
Brookdale Senior Living Inc. (NYSE: BKD) has announced favorable preliminary financial expectations for Q1 2023, projecting a year-over-year RevPAR growth of approximately 12.9%. The weighted average occupancy for March 2023 was 76.1%, marking the 17th consecutive month of year-over-year growth. Adjusted EBITDA is expected to be significantly above earlier guidance, driven by better-than-expected revenue. Despite a slight sequential decline of 80 basis points in occupancy compared to Q4 2022, the year-over-year increase of 290 basis points suggests a return to pre-pandemic trends. The company will present detailed Q1 results on May 8, 2023 and provide Q2 guidance during a conference call on May 9, 2023.
Brookdale Senior Living Inc. (NYSE: BKD) announced its consolidated occupancy data for February 2023, showing a year-over-year increase of 300 basis points, rising from 73.3% in 2022 to 76.3% in 2023. This marks the sixteenth consecutive month of year-over-year occupancy growth. However, the first quarter-to-date occupancy saw a decrease of 70 basis points compared to the fourth quarter of 2022, in line with expected seasonal trends. As of December 31, 2022, Brookdale operates 673 communities across 41 states, serving over 60,000 residents.
Brookdale Senior Living Inc. (NYSE: BKD) will participate in the Barclays Global Healthcare Conference on March 15, 2023. Key executives, including Cindy Baier, President and CEO, and Dawn Kussow, Executive Vice President & CFO, will engage in a fireside chat starting at 11:15 am ET.
The event will be accessible through Brookdale's website, and a replay will be available until April 14, 2023. As of December 31, 2022, Brookdale operates 673 communities across 41 states, serving over 60,000 residents, reinforcing its position as a leading senior living provider.
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.
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