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Dec 31, 2020
Brookdale Q4 2020 Earnings Report
Brookdale reported a net loss in Q4 2020, but liquidity increased due to government funding and strategic transactions.
Key Takeaways
Brookdale Senior Living Inc. announced fourth-quarter results, highlighting increased liquidity and progress in COVID-19 vaccinations for residents and associates. The company focused on navigating the pandemic, advocating for senior living funding, and initiating vaccine clinics. Financial results were impacted by the pandemic, with resident fee revenue decreasing, but were partially offset by government grants and cost management efforts.
Completed first dose COVID-19 vaccine clinics at 100% of communities and approximately 85% of second dose clinics as of February 22, 2021.
Liquidity increased to $575.5 million at December 31, 2020, including government funding.
Fourth quarter RevPOR increased by 3.9% year-over-year on a same community basis.
Entered into definitive agreements to sell 80% of the Company’s equity in its Health Care Services segment.
Revenue by Segment
Forward Guidance
Given the unprecedented nature of COVID-19 and rapidly changing developments, the Company will continue to be agile and focus its local community response to help protect its residents, associates, and patients.
Positive Outlook
- The Company expects to continue to publish monthly occupancy until it returns to providing financial guidance.
- Most annual price increases took effect in January and are expected to help offset labor rate increases.
Challenges Ahead
- The Company cannot predict the ultimate impact of the duration, severity, and breadth of the pandemic for the United States.
- Key factors that may impact the Company's financial performance and liquidity for 2021 include Senior Housing Occupancy and Senior Housing RevPOR.
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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