Brookdale Q3 revenue up 10.3% to $717.1M; net loss widens to $48.8M, adjusted EBITDA falls 24.9%

Brookdale Senior Living Inc.

2023-Q3 EPS reported -$0.43 revenue$2,261,346,000

Resident fee revenue $717.1M, up 10.3% YoY; net loss of $48.8M vs $28.4M loss a year ago.
Adjusted EBITDA $80.2M, down 24.9% YoY; other operating income fell to $2.6M from $66.8M.
Weighted average occupancy 77.6%, up 110 bps sequentially and 120 bps YoY; RevPAR $4,596 (+10.7% YoY).
CEO Cindy Baier cites strong execution on strategic priorities and seven consecutive months of occupancy growth.
Leadership retention and associate turnover improved meaningfully during the quarter.

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 1.0

Brookdale Senior Living Inc. reported third quarter 2023 results: revenue $717.1, net income $(48.8).

Period: third quarter 2023
Revenue: $717.1
Net income: $(48.8)
Result: reported results

Exact text from the filing

Increase / (Decrease) Sequential Increase / (Decrease) ($ in millions, except RevPAR and RevPOR) 3Q 2023 3Q 2022 Amount Percent 2Q 2023 Amount Percent Resident fee revenue $ 717.1 $ 650.2 $ 66.9 10.3% $ 710.2 $ 6.9 1.0% Other operating income 2.6 66.8 (64.2) (96.1)% 4.1 (1.5) (36.4)% Facility operating expense 537.4 525.5 11.9 2.3% 531.1 6.3 1.2% Cash

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Source: SEC EDGAR

accession 0001332349-23-000101

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