Loading...
•
Sep 30, 2022
Brookdale Q3 2022 Earnings Report
Brookdale's Q3 2022 performance reflected growth in revenue per available unit (RevPAR) and weighted average occupancy, while also reducing contract labor and achieving positive net hires.
Key Takeaways
Brookdale Senior Living Inc. reported an increase in third quarter consolidated revenue per available unit (RevPAR) by 9.7% year-over-year and an increase in consolidated weighted average occupancy by 390 basis points year-over-year. The company also completed a $220.0 million debt refinancing in October 2022.
Third quarter consolidated revenue per available unit (RevPAR) increased 9.7% year-over-year.
Third quarter consolidated weighted average occupancy increased 390 basis points year-over-year.
The company's weighted average occupancy grew 750 basis points since the start of the positive turn in March 2021.
Contract labor was sequentially reduced for the third quarter by over 40%.
Revenue by Segment
Forward Guidance
The Company updated its full year 2022 RevPAR growth and Adjusted EBITDA guidance to incorporate year-to-date results and revised expectations for the remainder of 2022.
Positive Outlook
- Full Year 2022 RevPAR growth ~10%
- Full Year 2022 Adjusted EBITDA $250 million - $260 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
Loading earnings performance data...
Loading earnings reaction data...