Brookdale Q1 preliminary RevPAR +12.9% YoY; Adj. EBITDA meaningfully above guidance

Brookdale Senior Living Inc.

2023-Q1 EPS reported -$0.20 revenue$753,263,000

Preliminary Q1 RevPAR growth of ~12.9% year-over-year.
Weighted average occupancy 76.3%, down 80bps sequentially but up 290bps YoY.
Adjusted EBITDA expected to be meaningfully above prior guidance range.
March 2023 weighted average occupancy 76.1%, up 250bps YoY (17th consecutive monthly YoY increase).
Total revenue and other operating income expected to exceed previous expectations due to RevPAR favorability.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Brookdale Senior Living Inc. updated its first quarter 2023 guidance (raised).

Period: first quarter 2023
Guidance: raised
Result: preliminary results

Exact text from the filing

Brookdale Senior Living Inc. (NYSE: BKD) today announced favorable updates to its first quarter 2023 financial expectations based upon preliminary, unaudited results.

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Brookdale Senior Living Inc. filing history →

Source: SEC EDGAR

accession 0001332349-23-000071

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