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0 0.000859845227858967 0 0.00343938091143587 0.00171969045571793 0.00171969045571793 0.00343938091143587 0.00515907136715396
Stock impact report

Brookdale Q3 2024 Occupancy Jumps, Logs 35th Straight Monthly Boost [Yahoo! Finance]

Brookdale Senior Living Inc. (BKD) 
Last brookdale senior living inc. earnings: 2/18 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
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 year ago to 79.2%. Greater than pre-pandemic average move-in volumes and lower move-outs are expected to have aided the metric. This positive trend is expected to persist, driven by the projected growth in the senior population. What Does This Mean for BKD? The company has witnessed 35 straight months of year-over-year increases in weighted average occupancy, which is contributing to higher resident fee revenues. In the second quarter of 2024, resident fee revenues increased 4.2% year over year to $739.7 million, while RevPAR (revenue per available unit) and Adjusted EBITDA grew 6.4% and 20.2% year over year, respecti Show less Read more
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