Brookdale Announces Third Quarter 2026 Results

(NYSE:BKD) Brookdale Senior Living Inc. reported a net loss of $13.9 million for the third quarter of 2026, compared to a net loss of $114.7 million for the third quarter of 2025. Adjusted EBITDA for the third quarter of 2026 was $124.3 million, representing a 12.0% increase over the prior year period. Consolidated revenue per available unit (RevPAR) increased by 7.5% year-over-year to $5,546 in the third quarter of 2026. Consolidated weighted average occupancy improved by 130 basis points year-over-year to 83.1%. The company completed the acquisition of 17 communities and announced an agreement to purchase an additional 30 leased communities. Brookdale received approximately $180 million in cash proceeds from communities sold in 2026 to date. Full year 2026 guidance was updated to Adjusted EBITDA of $495 million to $502 million and RevPAR year-over-year growth of 7.4% to 7.9%. Resident fees for the third quarter of 2026 were $707.3 million, down from $775.1 million in the prior year, primarily due to community dispositions. Facility operating expense decreased to $503.5 million from $567.0 million, and general and administrative expense decreased to $41.9 million from $50.9 million. Cash facility operating lease payments were $43.2 million, down from $56.7 million. Same community resident fees increased to $693.0 million from $657.8 million, and same community RevPAR rose to $5,602 from $5,317. In October 2026, Brookdale entered into a definitive agreement to acquire 30 currently leased communities (1,152 units) for $290.0 million, with the transaction expected to close in the fourth quarter of 2026. In July 2026, the company agreed to acquire 17 communities for $157.4 million plus $2.6 million in transaction costs, with the acquisition completed in September 2026. Since July 1, 2026, Brookdale completed the sale of 11 owned communities (856 units) for $31.2 million and 24 owned communities (1,964 units) for $178.6 million in cash proceeds. The company plans to sell five additional owned communities (270 units) during 2026. In September 2026, Brookdale obtained $108.0 million of debt secured by first priority mortgages on 17 communities, and in July 2026, it obtained $248.9 million of debt secured by non-recourse first mortgages on 45 communities. At closing, $244.1 million of debt under the mortgage facility was repaid. As of September 30, 2026, $23.3 million in aggregate principal amount of 2.00% convertible senior notes due 2026 was outstanding, which was settled in October 2026 with $23.3 million in cash and 0.9 million shares of common stock. The company received $45.9 million in cash and 0.4 million shares of common stock in connection with the settlement of capped call transactions. Total liquidity as of September 30, 2026 was $523.6 million, including $323.4 million of unrestricted cash and cash equivalents, $24.7 million of marketable securities, and $175.6 million of availability on the secured credit facility. Total liquidity decreased by $42.3 million from June 30, 2026. The company will post supplemental information and an updated investor presentation on its website and will conduct a conference call on November 6, 2026 at 8:30 AM ET.

Brookdale Completes Acquisition of 17 Communities and Announces Mutually Beneficial Agreement to Acquire 30 Additional Leased Communities from Welltower

(NYSE:BKD) Brookdale Senior Living Inc. announced the completion of its acquisition of 17 senior living communities, totaling 735 units, for a purchase price of approximately $157 million, which eliminates approximately $11 million of annual cash rent in 2027. Brookdale also entered into a definitive agreement with Welltower Inc. to acquire 30 currently leased communities, comprising 1,152 units, for a purchase price of $290 million, which is expected to reduce 2027 annual cash rent payments by approximately $17.8 million; the lease would have otherwise matured in 2032. Contingent upon closing the 30-community acquisition, a separate 39-community (1,842 units) cash flow positive lease with Welltower will be extended by four years to June 2036, with 2027 annual cash rent payments of approximately $36.6 million. The amendment to the lease will allow Brookdale to exercise its existing fair market value purchase option at any time during the lease, subject to a floor of a 6.5% yield on in-place rent, rather than only at lease maturity. The completed 17-community acquisition was funded with cash on hand and $108 million of non-recourse mortgage financing, which bears interest at a variable rate based on SOFR plus a margin of 215 basis points and has an initial term of five years with extension options for two additional years. The 17-community portfolio consists of assisted living and memory care units in Colorado, Kansas, Ohio, and Texas, and increases Brookdale's owned share of consolidated units to approximately 77%. The Welltower portfolio to be acquired consists of 1,152 assisted living and memory care units in 13 states, with approximately $17.8 million of annual cash rent for 2027, including approximately $11 million of operating rent and approximately $7 million of financing rent. Upon closing, Brookdale's consolidated share of owned units will increase to nearly 80%. The Welltower portfolio acquisition is expected to close during the fourth quarter of 2026, subject to customary closing conditions, and will be funded with cash on hand and non-recourse mortgage debt. The lease extension for the 39 communities will be Brookdale's only remaining lease with Welltower, and all other terms of the lease will remain unchanged. As of September 30, 2026, Brookdale operates 529 communities across 41 states and has the ability to serve approximately 45,000 residents. Nick Stengle, Brookdale's Chief Executive Officer, stated that these transactions represent a significant step forward in the company's strategy to increase real estate ownership and reduce long-term lease obligations, and are expected to be accretive to Adjusted EBITDA and cash flow.

Brookdale Reports September 2026 Occupancy

(NYSE:BKD) Brookdale Senior Living Inc. reported its occupancy for September 2026. The company stated that weighted average consolidated occupancy grew 130 basis points year-over-year to 83.1% in 2026. The announcement covers third quarter 2026 occupancy observations. The company provided a specific occupancy percentage for the period. No additional financial or operational figures, executive names, or further details were disclosed in the announcement.

Brookdale Announces Second Quarter 2026 Results

(NYSE: BKD) Brookdale Senior Living Inc. announced results for the quarter ended June 30, 2026. Net income for the second quarter of 2026 was $23 million compared to a net loss of $43 million for the second quarter of 2025. Adjusted EBITDA of $122 million for the second quarter of 2026 grew 4.3% over the second quarter of 2025. Brookdale increased second quarter 2026 consolidated revenue per available unit (RevPAR) by 8.2% year-over-year. The company received approximately $150 million of cash proceeds for communities sold in 2026 to date. Brookdale recently agreed to acquire 17 communities that the company currently leases for a purchase price of approximately $157 million. Total liquidity of $565.8 million as of June 30, 2026 included $370.4 million of unrestricted cash and cash equivalents, $19.9 million of marketable securities, and $175.6 million of availability on the company's secured credit facility.

Brookdale Announces Acquisition of 17 Leased Communities and Refinances All Mortgage Debt Maturities Until 2028

(NYSE: BKD) Brookdale Senior Living Inc. announced it has entered into a definitive agreement to acquire the real estate of 17 senior living communities currently leased and operated by the Company for a purchase price of approximately $157 million. The 17-community portfolio is comprised of 735 units, the majority of which complement other Brookdale locations, and the acquisition is expected to close during the fourth quarter of 2026. Brookdale obtained $249 million of fixed-rate financing from Fannie Mae through JLL, with proceeds used to refinance $244 million of mortgage debt scheduled to mature in 2027. Following this refinancing, the Company has no additional mortgage debt maturities until 2028. Brookdale's share of owned units is expected to be approximately 77% after giving effect to the transaction, and the Company expects this transaction to reduce 2027 annual cash rent payments by approximately $11 million, with a commensurate increase to Adjusted EBITDA. The recently completed tranche bears interest at a fixed rate of 6.16% and matures in 2031. Brookdale operates 541 communities across 41 states and serves approximately 46,000 residents as of June 30, 2026.

Brookdale Announces Acquisition of the Brookdale Galleria Community

(NYSE: BKD) Brookdale Senior Living Inc. announced that it recently completed the acquisition of the previously managed Brookdale Galleria community in Houston, Texas at a purchase price of $23.4 million. The acquired property is a 244-unit Independent Living and Assisted Living community located directly adjacent to The Galleria shopping and entertainment complex. The acquisition was funded using cash on hand and the Company's recently expanded line of credit. Brookdale operates 541 communities across 41 states and has the ability to serve approximately 46,000 residents as of June 30, 2026. The company states that current occupancy at the Brookdale Galleria community is below its consolidated average. Over the last several years, the Brookdale Galleria community has benefited from a substantial amount of capital improvements. The company projects that it can reposition this asset through modest additional investment, on top of other recent renovations, to capture the economic potential that will accrue directly to Brookdale and its shareholders.

Brookdale Reports June 2026 Occupancy

(NYSE:BKD) Brookdale Senior Living Inc. reported that second quarter weighted average occupancy grew 230 basis points year-over-year to 82.4% in 2026. Sequential second quarter weighted average occupancy grew 30 basis points. June 2026 weighted average occupancy increased 200 basis points year-over-year to 82.5%. June same community weighted average occupancy was 83.0%, improving 90 basis points year-over-year and 10 basis points sequentially. Month end occupancy in June grew 20 basis points sequentially, and same community month end occupancy grew 30 basis points sequentially, supported by June having the highest monthly net move-ins so far in 2026. Brookdale operates 541 communities across 41 states and serves approximately 46,000 residents as of June 30, 2026. Brookdale's stock trades on the New York Stock Exchange under the ticker symbol BKD.

Brookdale Announces Successful Financing Transactions; Extends 2027 Non-Recourse Mortgage Debt Maturity and Extends and Expands Credit Facility

(NYSE: BKD) Brookdale Senior Living Inc. announced the completion of two financing transactions, including obtaining an aggregate of $188 million in loans from CBRE National Senior Housing through its Freddie Mac Optigo® loan origination program and repaying $200 million of outstanding mortgage debt secured by 22 communities previously scheduled to mature in 2027. The new loans are secured by non-recourse first lien mortgages on 13 communities, bear interest at a fixed rate of 5.97%, are interest only for the first five years, and mature in 2036. In June 2026, Brookdale also amended its revolving credit agreement, expanding the commitment up to $200 million, which is up to a $100 million increase from the existing facility, with the amended credit facility maturing in April 2029 and options to extend for two additional one-year terms. Amounts drawn under the facility bear interest at SOFR plus an applicable margin, with a 2.50% margin at utilization lower than 50% and a 2.25% margin at utilization equal to or greater than 50%. Brookdale operates 541 communities across 41 states and serves approximately 46,000 residents as of June 30, 2026. The company projects continued confidence from its banking partners and is committed to delivering exceptional value and redefining senior living for a brighter, healthier future. Forward-looking statements in the release include expectations regarding financial and operational results, ability to complete transactions, obtain financing, and extend or refinance debt as it matures.

Brookdale Reports May 2026 Occupancy

(NYSE: BKD) Brookdale Senior Living Inc. reported that weighted average occupancy increased 250 basis points year-over-year to 82.5%. Sequential growth of 20 basis points was in line with sequential growth for May in each of the prior two years. Month-end occupancy improved sequentially to 83.5%. Weighted average occupancy of 82.9% for same community occupancy improved 130 basis points year-over-year. Brookdale Senior Living Inc. operates 543 communities across 41 states and has the ability to serve approximately 46,000 residents as of May 31, 2026. The Company expects to average approximately 42,800 consolidated units for the second quarter of 2026. The company projects its strongest occupancy growth period of the year from roughly May through September.

Brookdale Announces First Quarter 2026 Results

Brookdale Senior Living Inc. (NYSE: BKD) reported its financial results for the quarter ended March 31, 2026. The company increased first quarter 2026 consolidated revenue per available unit (RevPAR) by 8.2% year-over-year and improved consolidated weighted average occupancy by 280 basis points to 82.1%. Net loss for the first quarter of 2026 was $7 million, a significant improvement from a net loss of $65 million in the prior year period. Adjusted EBITDA grew 5.6% year-over-year to $131 million. Brookdale also refinanced a significant portion of its 2027 debt maturities and received over $100 million in cash proceeds from community sales in 2026 to date.