Investor Presentation November 6, 2025 Leading senior living operator in the United States 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. Forwar ...

Brookdale Overview - Brookdale operates 645 senior living communities across 41 states[8] - The company has the capacity to serve approximately 58,000 residents[8] - 94% of senior living resident fees are private pay[8] Financial Performance and Guidance - Second quarter Adjusted Free Cash Flow improved by $25 million year-over-year, reaching $20 million[33] - The company anticipates portfolio ownership to increase to 75% by the end of 2025[20] - 2025 Adjusted EBITDA guidance increased by $5 million at the midpoint, with a range of $445 to $455 million[37, 36] - Adjusted Free Cash Flow for 2025 is projected to be between $30 to $50 million[36] Occupancy and RevPAR - Consolidated weighted average occupancy grew by 200 bps in the second quarter year-over-year[33] - July 2025 month-end consolidated occupancy reached 82.6%, marking eight consecutive months of acceleration[33] - The company expects RevPAR YOY Growth of 5.25% to 6.00% for 2025[36] Capital Structure - 72% of the company's debt is fixed rate debt[42] - 88% of the company's debt is non-recourse property-level mortgage financings[42]

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]