Investor Presentation February 18, 2026 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-looking statements are subject to various risks and uncertainties and include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations. Forward-looking statements are generally identifiable by ...

Company Overview - Brookdale operates 647 senior living communities across 41 states[8] - The company has the ability to serve approximately 58,000 residents[6] - 94% of senior living resident fees are private pay[8] - The company has approximately 36,000 caring and dedicated associates[8] Financial Performance and Guidance - First quarter Adjusted EBITDA increased by 27% year-over-year[35] - First quarter Adjusted Free Cash Flow improved by $30 million year-over-year and was positive[35] - The company positively revised its 2025 Adjusted EBITDA guidance to $440 to $450 million[38] - The company expects 2025 Adjusted Free Cash Flow to be $30 to $50 million[38] Occupancy and Revenue - First quarter consolidated weighted average occupancy grew by 140 bps over the prior year[35] - Move-ins increased by 12% and move-outs decreased by 3% compared to historical averages[35] - Returning to pre-pandemic occupancy of 84.5% would drive at least $200 million of incremental revenue[52] - Achieving the historic occupancy high of 89% would drive at least $380 million of incremental revenue[52]