Financial Data and Key Metrics Changes - In Q3 2024, adjusted EBITDA grew 15% year-over-year to $92.2 million, which is roughly the midpoint of the previously provided guidance range [11][44] - Adjusted free cash flow for the third quarter was $14 million, an increase of $11 million compared to the prior year [48] - RevPAR increased by 5.9% over the prior year, with same-community RevPAR growing 5.6% [11][38] Business Line Data and Key Metrics Changes - The number of communities operating with the Brookdale HealthPlus program more than doubled, leading to improved clinical outcomes [8][21] - Same-community RevPOR grew 4.2%, which was an acceleration from the second quarter [16][39] - Labor expense as a percentage of revenue improved by 140 basis points compared to the prior year [40] Market Data and Key Metrics Changes - The company experienced a sequential occupancy growth of 80 basis points, which was better than historical seasonal trends [7][37] - Move-ins improved from the second quarter but remained below the prior year, primarily due to softness from two large paid third-party referral sources [12][70] - The industry experienced a sequential deceleration in average asking rent growth, while Brookdale's RevPOR growth accelerated [16][39] Company Strategy and Development Direction - The company is focused on returning to pre-pandemic occupancy levels while maintaining profitable occupancy growth [15][30] - Brookdale plans to acquire 41 communities to enhance cash flow and reduce exposure to escalating lease costs [24][26] - The strategic priorities for 2025 include maximizing occupancy, retaining top associates, and ensuring high-quality care [30][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future occupancy and adjusted EBITDA growth, despite challenges from third-party referral sources [18][34] - The company is committed to managing expenses while meeting resident needs and maintaining regulatory compliance [32][41] - Management noted that the competitive landscape has seen increased discounting, potentially influenced by external factors such as the presidential election [91] Other Important Information - The company successfully refinanced the majority of its debt maturities without extension options through 2026 [10][57] - Brookdale HealthPlus has shown significant clinical outcomes, including 80% fewer emergency room visits and 66% fewer hospitalizations compared to seniors living at home [21][99] - The company expects to close the acquisition transactions by year-end, which will be immediately accretive to adjusted free cash flow [54][55] Q&A Session Summary Question: Can you walk us through the income statement regarding the lease reclassification and its impact on 2025? - Management confirmed that the $8 million benefit to adjusted EBITDA in Q4 is a timing difference, with a corresponding increase in interest expense expected in 2025 [66][67] Question: What is the strategy regarding the pressured third-party referral sources? - Management clarified that the decline in move-ins from third-party sources is not cost-related and that they are implementing internal marketing strategies to offset this decline [70][74] Question: How should we interpret the RevPAR guidance and the competitive pricing environment? - Management indicated that while RevPAR is expected to grow, they anticipate a sequential decline in RevPOR due to changes in resident acuity [75][76] Question: What are the expectations for occupancy growth in Q4? - Management expects occupancy to increase sequentially, aligning with year-to-date RevPOR growth [84][85] Question: Can you elaborate on the impact of the Google algorithm change on third-party referrals? - Management noted that a recent Google algorithm change has negatively affected lead generation for one of the major third-party referral sources [87][88]

Company Operations - As of September 30, 2024, the company operates 648 senior living communities across 41 states, serving approximately 58,000 residents[111]. - The number of communities decreased by 22 to 619, representing a 3.4% decline compared to the prior year[129]. - The company operates 277 communities under long-term leases, with a total of 19,860 units[218]. Financial Performance - Resident fees for the three months ended September 30, 2024, increased by $26.6 million (3.7%) to $743.7 million compared to $717.1 million in the same period of 2023[122]. - Adjusted EBITDA for the same period rose by $12.0 million (15.0%) to $92.2 million from $80.2 million year-over-year[122]. - The company has experienced a net loss of $50.7 million for the three months ended September 30, 2024, compared to a net loss of $48.8 million in the same period of 2023[122]. - Net income for the three months ended September 30, 2024, was a loss of $50,734 thousand, compared to a loss of $48,811 thousand for the same period in 2023[231]. - Adjusted EBITDA for the three months ended September 30, 2024, was $92,237 thousand, an increase from $80,220 thousand in the same period of 2023[231]. - Adjusted Free Cash Flow for the three months ended September 30, 2024, was $13,853 thousand, significantly up from $2,544 thousand in the same period of 2023[236]. - Net cash provided by operating activities for the three months ended September 30, 2024, was $66,455 thousand, compared to $45,763 thousand for the same period in 2023[236]. Revenue and Occupancy - The increase in resident fees was driven by a 5.6% rise in same community RevPAR, which included a 4.2% increase in same community RevPOR and a 100 basis point increase in same community weighted average occupancy[122]. - RevPAR improved to $4,869, a 5.9% increase from $4,596 in the previous year[129]. - Weighted average occupancy increased by 130 basis points to 78.9% compared to 77.6% in the prior year[129]. - In the Independent Living segment, resident fees rose to $150.4 million, a 6.5% increase from $141.2 million[133]. - The Assisted Living and Memory Care segment reported resident fees of $510.1 million, up 3.3% from $494.0 million[137]. - CCRC segment resident fees increased to $83.3 million, reflecting a 1.7% rise from $81.9 million[142]. - The increase in resident fees in the Assisted Living and Memory Care segment was primarily due to a 4.4% increase in RevPOR and a 120 basis point increase in occupancy[173]. Expenses - Facility operating expenses increased by $10.9 million (2.0%) to $548.3 million for the three months ended September 30, 2024[122]. - Facility operating expense rose to $548.3 million, reflecting a 2.0% increase from $537.4 million in the same period last year[129]. - The overall increase in facility operating expenses was attributed to inflationary pressures and increased marketing costs, partially offset by a decrease in premium labor usage[134]. - Facility operating expenses for the Assisted Living and Memory Care segment rose to $1,122,766, an increase of $23,384 or 2.1% from the prior year[172]. - Facility operating expenses in the CCRCs segment decreased by $10,430 to $204,427, a reduction of 4.9% compared to the previous year[177]. Debt and Liquidity - As of September 30, 2024, the company had $3.7 billion of debt outstanding at a weighted average interest rate of 5.45%[198]. - The company has $100.0 million and $220.0 million of mortgage notes payable maturing in January 2025 and October 2025, respectively, with options to extend for one year[206]. - Total liquidity as of September 30, 2024, was $324,100,000, a decrease of $16,600,000 from $340,700,000 as of December 31, 2023[203]. - The company expects full-year 2024 non-development capital expenditures to be approximately $180.0 million, funded from cash on hand, cash flows from operations, and insurance reimbursements[212]. - The company amended its revolving credit agreement in December 2023, expanding the commitment amount to $100.0 million, maturing in January 2027[213]. - As of September 30, 2024, $58.5 million of letters of credit were outstanding under the $100.0 million secured credit facility, with $39.7 million available[214]. - The company is in compliance with the financial covenants of its debt agreements and long-term lease agreements as of September 30, 2024[225]. Acquisitions - The company entered into agreements to acquire 41 communities (2,789 units) for a total purchase price of $610.0 million, expected to close by year-end 2024[113]. - The acquisition is projected to decrease cash paid for operating and financing leases by approximately $46.6 million for the twelve months ending December 31, 2025[113]. - The company expects to recognize an approximately $33.0 million loss on extinguishment of the financing obligation upon closing of the reacquisition transaction[113].

Occupancy and Performance Metrics - Brookdale Senior Living Inc. announced its consolidated occupancy for September 2024, with specific figures to be detailed in the press release[3] - The financial results for the quarter ended September 30, 2024, were disclosed, indicating key performance metrics[3] - The press release dated October 8, 2024, includes additional information regarding the company's operational performance[4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-32641 BROOKDALE SENIOR LIVING INC. (Exact name of registrant as specified in its charter) Delaware 20-3068069 (S ...

| --- | --- | --- | --- | --- | |-----------------|-------|-----------------------|-------|----------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | E SENIOR LIVING | | Investor Presentation | | August 8, 2024 | Forward-Looking Statements – Safe Harbor Certain statements in this Investor Presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-lookin ...

Brookdale Senior Living Inc. (NYSE:BKD) Q2 2024 Earnings Conference Call August 9, 2024 9:00 AM ET Company Participants Jessica Hazel – Head-Investor Relations Cindy Baier – President and Chief Executive Officer Dawn Kussow – Executive Vice President and Chief Financial Officer Conference Call Participants Josh Raskin – Nephron Research Tao Qiu – Macquarie Joanna Gajuk – Bank of America Ben Hendrix – RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to the Brookdale Secon ...

Exhibit 99.1 Brookdale Announces Second Quarter 2024 Results Nashville, Tenn., August 8, 2024 - Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced results for the quarter ended June 30, 2024. HIGHLIGHTS • Second quarter consolidated revenue per available unit (RevPAR) increased 6.4% over the prior year quarter. • Second quarter consolidated weighted average occupancy grew 160 basis points over the prior year quarter representing a continuation of better than pre-pandemic growt ...

Financial Performance - Resident fees in the Independent Living segment increased by $30.8 million, or 6.5%, from $471.7 million to $502.5 million[70] - The RevPAR for the Independent Living segment rose by $309, or 6.5%, from $4,730 to $5,039[70] - The occupancy rate in the Independent Living segment improved by 150 basis points, reaching 77.5% compared to 76.0% in the prior year[70] - In the CCRCs segment, resident fees decreased by $6.8 million due to the disposition of communities, despite a 200 basis point increase in occupancy and a 2.7% increase in RevPOR[72] - Adjusted EBITDA for the three months ended March 31, 2024, was $97.6 million, up from $88.6 million in the same period last year[99] Liquidity and Debt - Total liquidity as of March 31, 2024, was $355.1 million, an increase of $14.4 million from $340.7 million as of December 31, 2023[84] - The company had $3.8 billion of debt outstanding at a weighted average interest rate of 5.62% as of March 31, 2024[83] - Cash lease payments for operating leases were $66.5 million for the three months ended March 31, 2024, compared to $58.6 million in the prior year[93] - The company expects to fund its liquidity needs for at least the next 12 months through cash flows from operations and other financing sources[85] Capital Expenditures and Debt Management - Capital expenditures for the three months ended March 31, 2024, totaled $50.8 million, including community-level and corporate expenditures[89] - As of March 31, 2024, the company has $1.6 billion of outstanding long-term variable rate debt indexed to SOFR plus a weighted average margin of 242 basis points[102] - 94% of the long-term variable rate debt, amounting to $1.5 billion, is subject to interest rate cap or swap agreements[102] - The weighted average fixed interest rate for the SOFR interest rate cap and swap agreements is 3.90% with a weighted average remaining term of 0.5 years[102] - The company may incur additional costs for obtaining new interest rate cap agreements upon the maturity of existing agreements, which could offset benefits[102] Risk Factors - There have been no material changes to the risk factors disclosed in the Annual Report for the year ended December 31, 2023[106]

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 Announces First Quarter 2024 Results • First quarter consolidated revenue per available unit (RevPAR) increased 6.7% year-over-year and 5.1% sequentially. • First quarter consolidated weighted average occupancy increased 160 basis points, accelerating from recent year-over-year growth trends and outperforming normal seasonal expectations. • Delivered 27.6% first quarter same community operating margin, highest reported margin rate since the initial impact of the pandemic, when excluding prior peri ...