Brookdale Senior Living (BKD) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for Brookdale Senior Living.

Analyst Coverage

Research analysts who have asked questions during Brookdale Senior Living earnings calls.

Brian Tanquilut

Jefferies

4 questions for BKD

Also covers: ACHC, ADUS, AHCO +29 more

Joanna Gajuk

Bank of America

4 questions for BKD

Also covers: ACHC, ADUS, AGL +21 more

Joshua Raskin

Nephron Research

4 questions for BKD

Also covers: AIRS, CI, CNC +13 more

Tao Qiu

Macquarie Group

4 questions for BKD

Also covers: ADUS, AMED, ENSG +5 more

Benjamin Hendrix

RBC Capital Markets

3 questions for BKD

Also covers: ACHC, ADUS, AHCO +25 more

Andrew Mok

Barclays

2 questions for BKD

Also covers: ACHC, ADUS, AGL +21 more

Michael Murray

RBC Capital Markets

1 question for BKD

Also covers: ADUS, AHCO, AMED +7 more

Latest news

Recent press releases and 8-K filings for BKD.

Brookdale Senior Living Inc. Reports Strong Q4 and December 2025 Occupancy

BKD

Earnings

Revenue Acceleration/Inflection

Brookdale Senior Living Inc. reported its December 2025 occupancy and fourth quarter 2025 occupancy observations on January 12, 2026.
The company's consolidated weighted average occupancy for Q4 2025 was 82.5%, representing a 70 basis point increase over Q3 2025 and a 310 basis point year-over-year growth.
December 2025 month-end occupancy reached 83.7%.
As of December 31, 2025, Brookdale operates 584 communities across 41 states, serving approximately 51,000 residents.

Jan 12, 2026, 12:34 PM

8-K

Brookdale Reports December 2025 Occupancy

BKD

Revenue Acceleration/Inflection

Brookdale Senior Living reported its fourth quarter 2025 consolidated weighted average occupancy reached 82.5%, representing a 70 basis point increase over the third quarter of 2025 and a 310 basis point year-over-year growth.
For December 2025, the consolidated weighted average occupancy was 82.4%, an increase of 310 basis points year-over-year.
December month-end occupancy increased 30 basis points sequentially, and the sequential weighted average occupancy decreased by only 10 basis points, which is better than the historical seasonal trend of an approximate 30 basis point decline.

Jan 12, 2026, 12:00 PM

Press Release

Brookdale Senior Living Announces Successful Refinancing of Mortgage Debt

BKD

Debt Issuance

Brookdale Senior Living Inc. completed approximately $600 million in financing transactions in December 2025, successfully refinancing approximately $350 million of its 2026 mortgage debt maturities and approximately $200 million of its 2027 mortgage debt maturities.
These transactions resulted in a higher proportion of fixed-rate debt, mitigating future interest rate risk, and are not expected to significantly impact annual net interest expense.
The financing included a $245.8 million Fannie Mae mortgage loan, $146.1 million Freddie Mac mortgage loans, and a $205.0 million Capital One mortgage loan.

Jan 8, 2026, 11:17 PM

Press Release

Brookdale Reports November 2025 Occupancy

BKD

Demand Weakening

Revenue Acceleration/Inflection

Brookdale Senior Living reported consolidated occupancy of 82.5% for November 2025, which represents a 300 basis point increase year-over-year but a 10 basis point sequential decrease.
Fourth quarter-to-date occupancy reached 82.6%, an 80 basis point increase over the full third quarter of 2025.
Same community occupancy for November 2025 was 82.8%, reflecting a 250 basis point increase year-over-year and a 20 basis point sequential decrease.

Dec 8, 2025, 9:15 PM

Press Release

Brookdale Senior Living Appoints Chief Operating Officer

BKD

Management Change

Hiring

Brookdale Senior Living Inc. (BKD) has appointed Mary Sue Patchett as its new Chief Operating Officer (COO), effective December 1st.
Ms. Patchett brings 40 years of senior living operations experience to the role, having previously served as Interim Executive Vice President – Community and Field Operations.
This appointment is significant as it is the first time Brookdale has formally appointed a COO in over 10 years, with a stated focus on improving operating performance.

Nov 18, 2025, 9:15 PM

Press Release

Brookdale reports strong Q3 2025 results and raises full-year EBITDA guidance

BKD

Earnings

Guidance Update

CEO Change

Brookdale (BKD) reported strong Q3 2025 financial results, with consolidated weighted average occupancy reaching 81.8% and adjusted EBITDA increasing 20% year-over-year to $111.1 million.
The company raised its full-year 2025 adjusted EBITDA guidance to a revised range of $455-$460 million.
Mike was appointed as the new CEO in October 2025, and the company continues its portfolio optimization, aiming for approximately 550 communities by mid-2026.
Adjusted annualized leverage improved to 9.0 times adjusted EBITDA at the end of Q3 2025 and is projected to fall below six times in the coming years.
Brookdale also began disclosing FFO, emphasizing its role as the third-largest owner of senior living real estate.

Nov 7, 2025, 2:00 PM

Transcript

Brookdale Reports Strong Q3 2025 Results and Raises 2025 Guidance

BKD

Earnings

Guidance Update

Revenue Acceleration/Inflection

Brookdale reported strong Q3 2025 financial and operational results, including a 20% increase in Adjusted EBITDA over the prior year third quarter and 290 basis points consolidated weighted average occupancy growth.
The company's consolidated occupancy reached 83.8% by September 2025 month-end, marking the tenth consecutive month of sequential growth.
Brookdale positively revised its 2025 Adjusted EBITDA guidance to a range of $455 to $460 million, an increase of $7.5 million at the midpoint.
Adjusted Free Cash Flow for Q3 2025 was $21.8 million, an improvement of $7.9 million from $13.9 million in Q3 2024.
The company expects to reduce its annualized leverage to $1,500 million by year-end 2025, a significant decrease from $4,500 million at year-end 2022.

Nov 7, 2025, 2:00 PM

Presentation

Brookdale Senior Living Inc. Announces Q3 2025 Results and Increased Adjusted EBITDA Guidance

BKD

Earnings

Guidance Update

Management Change

Brookdale Senior Living Inc. reported a net loss of $114.7 million for the third quarter of 2025, which includes a $62.7 million non-cash impairment charge related to anticipated dispositions.
Adjusted EBITDA grew 20.4% over the prior year period to $111.1 million in Q3 2025.
Consolidated weighted average occupancy for Q3 2025 was 81.8%, an increase of 290 basis points year-over-year, marking its highest since the first quarter of 2020.
The company increased its full year 2025 Adjusted EBITDA guidance to a range of $455 million to $460 million.
Nick Stengle joined as Brookdale's Chief Executive Officer.

Nov 6, 2025, 9:27 PM

8-K

Brookdale Senior Living Announces Third Quarter 2025 Results and Increases Adjusted EBITDA Annual Guidance

BKD

Earnings

Guidance Update

Revenue Acceleration/Inflection

Brookdale Senior Living reported a net loss of $114.7 million for the third quarter of 2025, which included a $62.7 million non-cash impairment charge related to anticipated dispositions.
The company's Adjusted EBITDA grew 20.4% over the prior year period to $111.1 million in the third quarter of 2025.
Consolidated weighted average occupancy for the third quarter of 2025 was 81.8%, an increase of 290 basis points year-over-year.
Brookdale raised its full-year 2025 Adjusted EBITDA guidance to a range of $455 million to $460 million, up from the previous range of $445 million to $455 million.
The company reiterated its expectation for positive Adjusted Free Cash Flow in the range of $30 million to $50 million for the full year 2025.

Nov 6, 2025, 9:15 PM

Press Release

Brookdale Senior Living Reports Occupancy Gains and Forecasts 2025 EBITDA Growth

BKD

Revenue Acceleration/Inflection

Guidance Update

Brookdale Senior Living Inc. reported a significant 330 basis point year-over-year increase in its weighted average consolidated occupancy rate to 82.5% for September 2025, with the third quarter weighted average at 81.8%, a 290 basis point year-over-year gain.
These occupancy gains are expected to boost resident fee revenues, which comprise nearly 96% of total revenues, supporting a forecasted 16.5% increase in adjusted EBITDA for 2025, projected to be between $445 million and $455 million.
Despite operational improvements, the company faces significant financial challenges including high debt levels, negative profitability margins, and valuation concerns, with its stock trading near historical highs and a negative earnings per share.
Analysts provide a mixed outlook, noting operational momentum but cautioning about the company's financial health and valuation risks, leading to a 'Sell' rating with a $6.00 price target.