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Jun 30, 2024
Brookdale Q2 2024 Earnings Report
Brookdale reported second quarter results, demonstrating progress in key areas and sustainable growth.
Key Takeaways
Brookdale Senior Living Inc. reported results for the quarter ended June 30, 2024, with consolidated revenue per available unit (RevPAR) increasing 6.4% over the prior year quarter and consolidated weighted average occupancy growing 160 basis points over the prior year quarter.
Second quarter consolidated revenue per available unit (RevPAR) increased 6.4% over the prior year quarter.
Second quarter consolidated weighted average occupancy grew 160 basis points over the prior year quarter, representing a continuation of better than pre-pandemic growth trends.
Same community operating margin, when excluding prior period grant income, increased 160 basis points over the prior year second quarter on 6.0% revenue growth and 3.6% facility operating expense growth.
Delivered meaningful improvements in both leadership retention and associate turnover.
Revenue by Segment
Forward Guidance
For the third quarter 2024, the Company is providing the following guidance: RevPAR year-over-year growth of 6.25% - 6.75% and Adjusted EBITDA of $90 million to $95 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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