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.
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.
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