Brookdale Q2 RevPAR $4,544 exceeds pre-pandemic; Adj EBITDA +61% to $81.4M

Brookdale Senior Living Inc.

2023-Q2 EPS reported -$0.22 revenue$1,504,055,000

RevPAR $4,544, occupancy 76.5% (+190 bps YoY), RevPOR $5,939 (+8.8% YoY).
Net loss improved 94.6% to $4.5M from $84.3M; Adjusted EBITDA $81.4M (+60.5%).
Resident fee revenue $710.2M, up 10.9% YoY; facility operating expense +3.4%.
CEO Baier notes nearly doubled Adjusted EBITDA in first half 2023 vs 2022.
Net cash from operations and Adjusted Free Cash Flow improved meaningfully YoY.

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