earnings
confidence high
sentiment positive
materiality 0.80
Brookdale Q3 RevPAR +9.7%, occupancy +390 bps YoY; completes $220M refinancing
Brookdale Senior Living Inc.
2022-Q3 EPS reported
-$1.14
revenue$2,124,794,000
- Same community RevPAR $4,151 (+9.9% YoY); weighted avg occupancy 76.5% (+400 bps YoY).
- Consolidated resident fee revenue $650.2M (+8.3% YoY); net loss $(28.4)M vs prior year income $174.3M.
- Adjusted EBITDA $106.9M vs $34.6M YoY, up $72.3M.
- Completed $220.0M debt refinancing in October 2022.
- Reduced contract labor over 40% sequentially; 11th consecutive month of positive net hires in Sep.