secwatch.observer — SEC 8-K summary
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Issuer:     Brookdale Senior Living Inc. (BKD)
CIK:        0001332349
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001332349-23-000073
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brookdale Q1 beat: RevPAR +12.9%, Adj EBITDA surged 138% to $88.6M, loss narrowed
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- Resident fee revenue $713.4M, up 12% YoY; RevPAR $4,551 (+12.9%), RevPOR $5,963 (+8.6%).
- Weighted average occupancy 76.3%, up 290 bps YoY but down 80 bps sequentially from Q4 2022.
- Net loss improved to $44.6M from $100.0M in Q1 2022; Adjusted EBITDA $88.6M vs $37.2M.
- No mortgage debt maturities until September 2024; management highlights improved financial position.
- CEO cites scale and clinical expertise; expects to benefit from demographic tailwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1332349/000133234923000073/0001332349-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1332349/000133234923000073/bkd-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001332349-23-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer