Brookdale Senior Living(BKD)
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Brookdale Senior Living(BKD) - 2024 Q3 - Quarterly Results
2024-11-06 21:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------|----------------|----------------------|-------------------------|--------------|-----------------------------------------| | Date of Report (Date of earliest | event | reported) | October 8, | 2024 | | | | | Brookdale | Senior Living Inc. | | | ...
Brookdale Announces Third Quarter 2024 Results
Prnewswire· 2024-11-06 21:15
NASHVILLE, Tenn., Nov. 6, 2024 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced results for the quarter ended September 30, 2024. HIGHLIGHTS Third quarter consolidated weighted average occupancy grew 130 basis points over the prior year quarter and 80 basis points sequentially over the second quarter. Same community operating income increased 10.1% over the prior year period, when excluding prior period grant income, marking three years of consecutive quarter ...
Brookdale Announces Date of Third Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-10-23 20:15
NASHVILLE, Tenn., Oct. 23, 2024 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) plans to release its third quarter 2024 financial results after the market closes on Wednesday, November 6, 2024. The Company also plans to discuss the results on a conference call scheduled for Thursday, November 7, 2024, at 9:00 a.m. (ET). BROOKDALE SENIOR LIVING - EARNINGS CALL Date: Thursday, November 7, 2024 Time: 9:00 a.m. (ET) / 8:00 a.m. (CT) brookdaleinvestors.com Call Within US: +1 (800) 715-9871 Call Outside ...
Brookdale Q3 2024 Occupancy Jumps, Logs 35th Straight Monthly Boost
ZACKS· 2024-10-11 14:35
Brookdale Senior Living Inc. (BKD) recently announced that its third-quarter 2024 weighted average occupancy grew 130 basis points (bps) from the year-ago level to 78.9%. The weighted average occupancy for the first and second quarters increased 160 bps year over year each. While its August 2024 weighted average occupancy grew 130 bps year over year to a new high (78.9%) for the company since it started on the recovery path in March 2021, the same for September grew 30 bps sequentially and 100 bps from a ye ...
Brookdale Reports September 2024 Occupancy
Prnewswire· 2024-10-08 20:15
September weighted average occupancy increased 30 basis points sequentially to 79.2%, while month end occupancy grew to 80.5%. September represents the Company's thirty-fifth consecutive month of year-over-year weighted average occupancy growth. Third quarter weighted average occupancy increased 130 basis points when compared to the third quarter of 2023, and 80 basis points when compared to the second quarter of 2024. Third quarter move-ins and move-outs were favorable sequentially to the second quarter. A ...
Brookdale Senior Living (BKD) Stock Dips Amid Financial Performance Concerns
GuruFocus· 2024-10-08 19:53
Brookdale Senior Living's (BKD, Financial) stock experienced significant volatility with a sharp drop of 5.04%. The stock currently trades at $5.65 per share, with a trading volume of 1.346 million shares, a turnover rate of 0.68%, and a price fluctuation of 5.88%. The company's latest financial report shows a revenue of $778 million and a net loss of $37.73 million, resulting in an earnings per share of -$0.17. The price-to-earnings ratio stands at -6.17. Of the four institutions providing ratings, 50% rec ...
Brookdale Senior Living (BKD) Shares Drop Amid Revenue Challenges
GuruFocus· 2024-10-03 19:51
Company Overview - Brookdale Senior Living operates senior living communities across the United States, generating revenue primarily from assisted living and memory care segments through accommodation fees and management fees as per contracts [4] Financial Performance - The latest financial report indicates operating revenue of $778 million and a net loss of $37.73 million, resulting in earnings per share of -$0.17 and a price-to-earnings ratio of -6.85 [2] - The company's stock price recently declined by 5.14%, currently standing at $6.28 per share, with a trading volume of 829,865 shares and a turnover rate of 0.42% [1] Market Context - Within the healthcare facilities sector, there was an overall decline of 2.28%, while some stocks like Newgenivf Group Limited C/Wts, The Pennant Group, Inc., and Compass Pathways Plc experienced notable gains [3] - Among analyst ratings from four institutions, 50% recommended a buy for Brookdale, while 25% suggested holding and another 25% advised selling [2]
Brookdale Bets Big With $610M Acquisitions Amid Debt Refinancing
ZACKS· 2024-10-03 14:55
Brookdale Senior Living Inc. (BKD) recently made significant financial and strategic moves to improve its capital structure and expand its real estate ownership. It has agreed to acquire 41 communities while taking debt refinancing measures. The company addressed 83% of its 2026 debt maturities through financing led by Deerfield Management. Let's delve deeper. BKD agreed to buy 41 senior living communities, currently leased through three triple-net lease portfolios, for a total price of $610 million. These ...
Brookdale Senior Living to acquire 41 currently leased communities
Prnewswire· 2024-09-30 10:00
Announces private convertible senior notes transaction through exchange and new subscription agreements Transactions accretive to 2025 Adjusted EBITDA and Adjusted Free Cash Flow NASHVILLE, Tenn., Sept. 30, 2024 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced today that in a financing led by Deerfield Management, the Company is successfully addressing 83% of all 2026 debt maturities and is securing capital to support immediately accretive acquisition opportu ...
Why Brookdale May Not Be a Safe Bet Despite 34-Month Occupancy Growth
ZACKS· 2024-09-12 17:50
Brookdale Senior Living Inc. (BKD) recently announced that its August 2024 weighted average occupancy grew 130 basis points (bps) from the year-ago level to 78.9%. This marks a new high for the company since it started on the recovery path in March 2021. The weighted average occupancy for the first and second quarters increased 160 bps year over year each. Third quarter-to-date, the metric rose 140 bps year over year. Greater than pre-pandemic average move-in volumes and lower move-outs are expected to have ...