Brian Tanquilut

Joanna Gajuk

Joshua Raskin

Tao Qiu

Andrew Mok

Benjamin Hendrix

Ben Hendrix

Michael Murray

- 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**.  **[1332349_a0fc192cc4f0450ea2e0c9ac09d648c1]** 
- 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**.  **[1332349_a0fc192cc4f0450ea2e0c9ac09d648c1]** 
- 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**.  **[1332349_a0fc192cc4f0450ea2e0c9ac09d648c1]** 
- 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**.  **[1332349_a0fc192cc4f0450ea2e0c9ac09d648c1]**

Brookdale Senior Living Reports Occupancy Gains and Forecasts 2025 EBITDA Growth

- Brookdale Senior Living Inc. reported a **consolidated weighted average occupancy of 82.5% for September 2025**, representing a **330 basis point increase year-over-year** and a **70 basis point sequential increase**.  **[1332349_0001332349-25-000138_september2025occupancy.htm:0]** 
- For the **third quarter of 2025**, the company's **weighted average consolidated occupancy reached 81.8%**, which is a **290 basis point increase year-over-year** and a **170 basis point sequential growth**.  **[1332349_0001332349-25-000138_september2025occupancy.htm:0]** 
- **Month-end consolidated occupancy for September 2025 was 83.8%**, increasing **60 basis points sequentially**.  **[1332349_0001332349-25-000138_september2025occupancy.htm:0]** 
- **Same community weighted average occupancy for September 2025 was 82.7%**, up **270 basis points year-over-year** and **40 basis points sequentially**, driven by higher move-in and lower move-out activity.  **[1332349_0001332349-25-000138_september2025occupancy.htm:0]**

Brookdale Senior Living Inc. Reports Strong September and Q3 2025 Occupancy

- Brookdale Senior Living Inc. reported that its September **consolidated** weighted average occupancy reached **82.5%**, an increase of **330 basis points year-over-year** and **70 basis points sequentially**.  **[1332349_20251008NY92824:0]** 
- The company's **third quarter** weighted average consolidated occupancy was **81.8%**, marking a **290 basis point year-over-year** increase and **170 basis point sequential** growth.  **[1332349_20251008NY92824:0]** 
- September **same community** weighted average occupancy stood at **82.7%**, up **270 basis points year-over-year** and **40 basis points sequentially**.  **[1332349_20251008NY92824:0]** 
- **Third quarter** weighted average same community occupancy was **82.3%**, reflecting a **260 basis point year-over-year** increase and **150 basis point sequential** growth, which is the highest sequential growth since 2022.  **[1332349_20251008NY92824:0]**

Brookdale Senior Living Reports September 2025 Occupancy

- Brookdale Senior Living achieved an **80% occupancy inflection point in Q2 2025**, resulting in **cash flow positive results for both Q1 and Q2 2025**, with August occupancy further increasing to **81.5%**.  **[1332349_2162312_1]** **[1332349_2162312_2]**  The company anticipates returning to its pre-pandemic occupancy of **89%** and expects to achieve pre-pandemic margins.  **[1332349_2162312_3]** **[1332349_2162312_5]** 
- The company is actively focused on delevering its balance sheet, with current guidance projecting leverage at **low nine times**, a significant reduction from nearly **20 times post-COVID**.  **[1332349_2162312_7]**  This deleveraging is primarily driven by **Adjusted EBITDA growth** and the planned disposition of **14 assets this year** and **28 additional assets over the next 12-18 months**.  **[1332349_2162312_7]** 
- Brookdale is rationalizing its portfolio, reducing the number of communities from **645 in Q2 2025** to an expected **550 by mid-2026**, and is shifting its asset base to be **70% owned by mid-2026**, up from over 50% leased historically.  **[1332349_2162312_1]** **[1332349_2162312_2]** 
- The senior housing market benefits from a **favorable supply-demand imbalance**, characterized by new construction at an all-time low and an anticipated **one million baby boomers turning 80 annually through 2026**, creating strong tailwinds for the industry.  **[1332349_2162312_1]**

Brookdale Senior Living (BKD)