Company Overview - Brookdale operates 623 senior living communities across 41 states[10, 18] - The company can serve approximately 57,000 residents[8, 10] - 94% of senior living resident fees are private pay[10] Financial Performance & Guidance - Third quarter Adjusted EBITDA increased by 20% year-over-year[30] - Same community weighted average occupancy was 82.3%, up 150 bps sequentially[30] - Adjusted Free Cash Flow improved by $8 million year-over-year to $22 million in the third quarter[30] - 2025 Adjusted EBITDA guidance increased by $7.5 million at the midpoint, with a range of $455 to $460 million[34, 33] - RevPAR year-over-year growth is guided at 5.25% to 6.00% for 2025[33] - Adjusted Free Cash Flow is projected between $30 to $50 million for 2025[33] Occupancy & Market Trends - Consolidated weighted average occupancy grew by 290 bps year-over-year in the third quarter[30] - September 2025 month-end consolidated occupancy reached 83.8%, marking the tenth consecutive month of sequential growth[30] - New senior housing starts are significantly lower, with 3Q25 starts down 91% from their peak[65] - Construction costs have increased by 35% since 2020[62]

Core Insights - Brookdale Senior Living reported Q3 CY2025 revenue of $813.2 million, which was a 3.7% year-on-year increase but fell short of analyst expectations of $827.4 million [1][7] - The company experienced a GAAP loss of $0.48 per share, significantly missing the consensus estimate of a loss of $0.17 [1][7] - Adjusted EBITDA was $111.1 million, exceeding analyst estimates of $106.1 million, with a margin of 13.7% [7] Company Overview - Brookdale operates over 650 senior living communities across 41 states, serving approximately 59,000 residents [4] - The company offers various services including independent living, assisted living, memory care, and continuing care retirement communities [4] Revenue Growth - Over the last five years, Brookdale's sales declined at an annual rate of 2.6%, indicating poor business quality [5] - However, the company has shown an annualized revenue growth of 4.3% over the last two years, which is an improvement compared to the five-year trend [6] Financial Performance - The operating margin for Q3 was -6.6%, a decline from 1.4% in the same quarter last year [7] - Free cash flow margin improved to 14.1%, up from 1.5% in the same quarter last year [7] - Market capitalization stands at $2.20 billion [7] Future Outlook - Analysts project a revenue decline of 3.4% over the next 12 months, indicating potential demand headwinds for Brookdale's products and services [8]

Core Insights - Brookdale Senior Living Inc. will release its third quarter 2025 financial results on November 6, 2025, after market close, followed by a conference call on November 7, 2025, at 8:00 a.m. Central Time [1][2]. Company Overview - Brookdale Senior Living Inc. is the leading operator of senior living communities in the United States, managing 623 communities across 41 states and serving approximately 57,000 residents as of September 30, 2025 [3]. - The company offers a range of living options including independent living, assisted living, memory care, and continuing care retirement communities, focusing on enriching the lives of seniors through compassionate care and exceptional service [3]. - Brookdale emphasizes its commitment to wellness, personal growth, and meaningful relationships, guided by its core values of passion, courage, partnership, and trust [3].

Core Insights - Brookdale Senior Living (BKD) shares increased by 9.4% to close at $8.88, supported by high trading volume, compared to a 6.3% gain over the past four weeks [1][2] Occupancy Growth - The company reported significant occupancy growth, with a weighted average consolidated occupancy rate of 82.5% in September, up 330 basis points year-over-year [2] - For the third quarter, the average occupancy rate was 81.8%, reflecting a 290-basis-point improvement compared to the previous year [2] Financial Expectations - Brookdale is projected to report a quarterly loss of $0.16 per share, which is a year-over-year change of +27.3% [3] - Expected revenues for the upcoming quarter are $823.17 million, representing a 5% increase from the same quarter last year [3] Earnings Estimate Trends - The consensus EPS estimate for Brookdale has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [4] - Monitoring BKD is advised to see if the recent stock price increase can lead to sustained strength [4] Industry Context - Brookdale is part of the Zacks Medical - Nursing Homes industry, which includes other companies like Ensign Group (ENSG) [5] - Ensign Group's consensus EPS estimate has also remained unchanged at $1.59, reflecting a year-over-year change of +14.4% [6]

Core Insights - Brookdale Senior Living Inc. (NYSE:BKD) has achieved a new all-time high, driven by a significant increase in its occupancy rate and the appointment of a new CEO [1][4]. Group 1: Stock Performance - On Thursday, Brookdale Senior Living's stock reached a peak price of $9.09, closing the day with a gain of 9.36% at $8.88 per share [2]. - The company has extended its winning streak to three consecutive days [1]. Group 2: Occupancy Rate - In the third quarter, Brookdale reported a weighted average consolidated occupancy rate of 81.8%, reflecting a year-on-year increase of 2.9% and a quarter-on-quarter increase of 1.7% [3]. - The occupancy rate further improved in September, rising to 82.5% from 81.8% in August and from 79.2% in September of the previous year [3]. Group 3: Leadership Changes - Nick Stengle has been appointed as the new CEO of Brookdale Senior Living, succeeding Denise Warren, who served as interim CEO since April 2025 [4]. - Prior to joining Brookdale, Stengle was the president and chief operating officer at Gentiva, a major provider of hospice and home health services [4].

Core Insights - Brookdale Senior Living (NYSE: BKD) experienced a significant increase of over 9% in its share price following a positive business update, contrasting with a slight decline of 0.3% in the S&P 500 [1] Occupancy Statistics - Brookdale reported a weighted average occupancy of 82.5%, which is an increase of 330 basis points compared to the same month in 2024 and 70 basis points higher than the August figure [3] - For the third quarter of this year, the weighted average occupancy was 81.5%, reflecting a year-over-year increase of 290 basis points and a quarter-over-quarter increase of 170 basis points [3][4] Fundamental Performance - The improvements in occupancy are expected to positively impact the company's fundamentals, contributing to the favorable investor reaction despite the lack of commentary or future guidance from the company [4]

Core Insights - Brookdale Senior Living Inc. (BKD) reported a weighted average consolidated occupancy rate of 82.5% for September 2025, marking a 330 basis point increase year-over-year and a 70 basis point increase from the previous month [1][8] - The same-community occupancy for September 2025 reached 82.7%, up 270 basis points year-over-year, driven by stronger move-in volumes and reduced move-out activity [2][8] - The company operates 645 senior living communities across 41 states, accommodating approximately 58,000 residents, positioning it well to meet the needs of an aging population [6] Occupancy Performance - The weighted average consolidated occupancy for Q3 2025 was 81.8%, reflecting a year-over-year growth of 290 basis points and a sequential increase of 170 basis points [2] - Same-community occupancy climbed to 84% at the end of September, a 30 basis point gain from the previous month, with Q3 same-community occupancy reaching 82.3%, the highest sequential growth since 2022 [3][8] Financial Implications - Higher occupancy levels are expected to enhance resident fee revenues, which accounted for nearly 96% of total revenues in the first half of 2025 [5] - Adjusted EBITDA for 2025 is forecasted to be between $445 million and $455 million, representing a 16.5% increase over the 2024 reported figure [5] Market Performance - Brookdale's shares have increased by 39.7% over the past year, outperforming the industry average growth of 11.8% [7]

[Filing Information](index=1&type=section&id=Filing%20Information) This section provides essential filing details for the Form 8-K, including registrant information and report status [Registrant Details](index=1&type=section&id=Registrant%20Details) Provides official registrant details for Brookdale Senior Living Inc., including incorporation state, commission file number, address, and contact information Registrant Information | Detail | Information | | :--- | :--- | | **Registrant Name** | Brookdale Senior Living Inc. | | **State of Incorporation** | Delaware | | **Commission File Number** | 001-32641 | | **IRS Employer Identification No.** | 20-3068069 | | **Principal Executive Offices Address** | 105 Westwood Place, Suite 400, Brentwood, Tennessee 37027 | | **Telephone Number** | (615) 221-2250 | [Report Date and Filing Status](index=1&type=section&id=Report%20Date%20and%20Filing%20Status) This section specifies the date of the report and confirms that Brookdale Senior Living Inc. is not an emerging growth company - The date of the earliest event reported is **October 8, 2025**[3](index=3&type=chunk) - The registrant is not an emerging growth company[7](index=7&type=chunk) [Section 2 - Financial Information](index=2&type=section&id=Section%202%20-%20Financial%20Information) This section details the company's financial disclosures, specifically regarding results of operations and financial condition [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) Brookdale Senior Living Inc. announced September 2025 occupancy and Q3 2025 financial results via a press release (Exhibit 99.1), noting its 'furnished' not 'filed' status - Brookdale Senior Living Inc. issued a press release on **October 8, 2025**, announcing consolidated occupancy for September 2025 and other information for the quarter ended September 30, 2025[8](index=8&type=chunk) - A copy of the press release is furnished as **Exhibit 99.1**[8](index=8&type=chunk) - The information in this report (including the exhibit) is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into other filings, unless expressly set forth[9](index=9&type=chunk) [Section 7 - Regulation FD](index=2&type=section&id=Section%207%20-%20Regulation%20FD) This section addresses compliance with Regulation FD regarding the fair disclosure of material nonpublic information [Item 7.01 Regulation FD Disclosure](index=2&type=section&id=Item%207.01%20Regulation%20FD%20Disclosure) Incorporates financial information from Item 2.02 by reference, ensuring Regulation FD compliance for fair disclosure of material nonpublic information - The information set forth in **Item 2.02** of this report is incorporated herein by reference[10](index=10&type=chunk) [Section 9 - Financial Statements and Exhibits](index=2&type=section&id=Section%209%20-%20Financial%20Statements%20and%20Exhibits) This section lists all financial statements and exhibits included as part of the Form 8-K filing [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits accompanying the Form 8-K, including the press release detailing financial results and the interactive data file for the cover page Exhibits List | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release dated October 8, 2025 | | 104 | Cover Page interactive Data File (embedded within the Inline XBRL document) | [Signature](index=3&type=section&id=Signature) This section provides the official authorization and signatory details for the Form 8-K filing [Authorization and Signatory](index=3&type=section&id=Authorization%20and%20Signatory) This section confirms the official authorization and signing of the Form 8-K report by an authorized officer of Brookdale Senior Living Inc. Signatory Details | Detail | Information | | :--- | :--- | | **Date** | October 8, 2025 | | **Signatory Name** | Dawn L. Kussow | | **Title** | Executive Vice President and Chief Financial Officer |

Core Insights - Brookdale Senior Living Inc. reported significant improvements in occupancy rates for September 2025, indicating a positive trend in the senior living sector [1][5]. Occupancy Results - The weighted average occupancy for September 2025 was 82.5%, which represents an increase of 330 basis points year-over-year and 70 basis points sequentially [5]. - The month-end consolidated occupancy reached 83.8%, marking a sequential increase of 60 basis points [5]. - For the third quarter, the weighted average consolidated occupancy was 81.8%, up 290 basis points year-over-year and 170 basis points sequentially [5]. Same Community Occupancy - The weighted average occupancy for same communities in September was 82.7%, reflecting a year-over-year increase of 270 basis points, attributed to higher move-in activity and lower move-out activity compared to the previous year [5]. - The month-end same community occupancy was 84.0%, which is a sequential increase of 30 basis points [5]. - The third quarter weighted average same community occupancy was 82.3%, showing a year-over-year increase of 260 basis points and a sequential growth of 150 basis points, the highest sequential growth since 2022 [5].

Core Viewpoint - Brookdale Senior Living Inc. has appointed Nick Stengle as the new Chief Executive Officer, effective October 6, 2025, succeeding Denise W. Warren, who will become Non-Executive Chairman of the Board [1][3]. Leadership Transition - Nick Stengle's appointment follows a comprehensive search by the Board's Search Committee, bringing extensive experience in senior living, healthcare, and hospitality [2]. - Stengle previously served as President and COO of Gentiva, overseeing over 12,000 associates and approximately 550 locations across 38 states [2]. - His prior roles include EVP and COO for Sunrise Senior Living, managing operations for around 250 communities and providing care to over 20,000 residents [2]. Strategic Vision - Denise W. Warren expressed confidence in Stengle's ability to build on Brookdale's momentum, emphasizing his track record in operational performance and culture building [3]. - Stengle highlighted Brookdale's strong foundation and long-term growth drivers, aiming to enhance shareholder value and capitalize on favorable industry demographics [3]. Board Composition - With Stengle's addition, the Brookdale Board will consist of nine directors, eight of whom are independent, ensuring a diverse and relevant skill set [3]. Company Overview - Brookdale operates 623 communities across 41 states, serving approximately 57,000 residents as of September 30, 2025 [7]. - The company focuses on enriching seniors' lives through compassionate care and exceptional service, offering various living arrangements including independent living, assisted living, and memory care [7].