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Brookdale Senior Living(BKD) - 2024 Q1 - Quarterly Report
2024-05-08 20:16
Item 1. Legal Proceedings 32 Item 6. Exhibits 34 PART I. FINANCIAL INFORMATION | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------|-------|----------|-------|----------| | | | | | | | Expense | | | | | | Facility operating expense (excluding facility depreciation and amortization of $79,904 and $79,317, respectively) | | 542,550 | | 530,807 | | General and administrative expense ...
Brookdale Senior Living(BKD) - 2024 Q1 - Earnings Call Transcript
2024-05-08 16:47
Brookdale Senior Living Inc. (NYSE:BKD) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Jessica Hazel – Vice President-Investor Relations Cindy Baier – President and Chief Executive Officer Dawn Kussow – Executive Vice President and Chief Financial Officer Conference Call Participants Ben Hendrix – RBC Joanna Gajuk – Bank of America Josh Raskin – Nephron Research Operator Hello, all, and welcome to the Brookdale Senior Living 1Q 2024 Earnings Call. My name is Harry, and I'll be ...
Brookdale Senior (BKD) Sees Y/Y Increase in Q1 Occupancy Levels
Zacks Investment Research· 2024-04-09 17:21
Brookdale Senior Living Inc. (BKD) recently announced that its March 2024 weighted average occupancy grew 180 basis points from the year-ago level to 77.9%. With a first-quarter 2024 weighted average occupancy level of 77.9%, up 160 basis points from the year-ago period, it is evident that the company has had a promising start to the year, similar to the previous year.Brookdale Senior Living has witnessed 29 straight months of year-over-year increases in weighted average occupancy. This indicates the compan ...
Brookdale Reports March 2024 Occupancy
Prnewswire· 2024-04-08 20:15
March's weighted average occupancy increased 180 basis points year-over-year to 77.9%, remaining flat sequentially to February's weighted average occupancy. March's increase over the prior year March reflected a continued monthly trend of accelerated year-over-year improvement in the first quarter, and represents the Company's twenty-ninth consecutive month of year-over-year weighted average occupancy growth. Demonstrating an improvement from normal pre-pandemic seasonality, first quarter 2024 weighted ave ...
Brookdale (BKD) February 2024 Weighted Average Occupancy Rises
Zacks Investment Research· 2024-03-11 17:51
Brookdale Senior Living Inc. (BKD) announced that its February weighted average occupancy climbed 160 basis points (bps) from the year-ago level to 76.3%. However, this indicates a 10-bps decline from the January level.In the fourth quarter of 2023, BKD observed a weighted average occupancy of 78.4%, up from 77.1% a year ago. For the third quarter, the metric rose to 77.6% from 76.4% a year ago. At the fourth-quarter end, it had the capacity to serve around 59,000 residents in 41 states.BKD has experienced ...
Brookdale Reports February 2024 Occupancy
Prnewswire· 2024-03-08 11:45
February's weighted average occupancy increased 160 basis points year-over-year to 77.9% in 2024. Achieved twenty-eight consecutive months of year-over-year weighted average occupancy growth. Demonstrating an improvement from normal pre-pandemic seasonality, first quarter-to-date 2024 weighted average occupancy decreased (40) basis points compared to the full fourth quarter 2023. The Company anticipates reporting first quarter results in the top-half of its previously provided first quarter 2024 RevPAR and ...
Brookdale Senior's (BKD) Q4 Loss Widens, Shares Drop 13%
Zacks Investment Research· 2024-02-23 21:31
Brookdale Senior Living Inc. (BKD) shares have declined 13.1% since it reported fourth-quarter 2023 results on Feb 20, 2024. A wider-than-expected loss is likely to have worried investors. Its net income was hurt by an increase in general and administrative expenses, and facility operating lease costs. Nevertheless, the downside was partly offset by improved resident fee revenues, interest income and occupancy rates.  Brookdale Senior incurred a fourth-quarter adjusted loss of 40 cents per share, wider than ...
Brookdale to Present at Citi's 2024 Global Property CEO Conference and Barclays Global Healthcare Conference in March 2024
Prnewswire· 2024-02-23 11:45
NASHVILLE, Tenn., Feb. 23, 2024 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced today that Company management will participate in Citi's 2024 Global Property CEO Conference on March 4, 2024 and Barclays Global Healthcare Conference on March 12, 2024.  On March 4, at the Citi Conference, the Brookdale roundtable presentation will begin at 6:30 am CST, and the live webcast can be accessed through the Company's website at brookdaleinvestors.com  as well as by c ...
Brookdale Senior Living(BKD) - 2023 Q4 - Earnings Call Transcript
2024-02-21 16:27
Brookdale Senior Living Inc. (NYSE:BKD) Q4 2023 Earnings Call Transcript February 21, 2024 9:00 AM ET Company Participants Jessica Hazel - Investor Relations Cindy Baier - President, Chief Executive Officer & Director Dawn Kussow - Executive Vice President & Chief Financial Officer Conference Call Participants Ben Hendrix - RBC Capital Markets Joanna Gajuk - Bank of America Josh Raskin - Nephron Research Operator Good morning, all and welcome to the Brookdale Fourth Quarter 2023 Earnings Call. All lines hav ...
Brookdale Senior Living(BKD) - 2023 Q4 - Earnings Call Presentation
2024-02-21 15:38
100 110 120 130 (Jan 2014=100) 1Q 2024 RevPAR YOY Growth 6.25% to 6.75% Adjusted EBITDA $90 million to $95 million Reconciliation of the non-GAAP financial measure included in the foregoing guidance to the most comparable GAAP financial measure is not available without unreasonable effort due to the inherent difficulty in forecasting the timing or amounts of items required to reconcile Adjusted EBITDA from the Company's net income (loss). Variability in the timing or amounts of items required to reconcile t ...