Brookdale Q4 Adj. EBITDA up 83% to $85.3M; occupancy 78.4% (+130 bps YoY)

Brookdale Senior Living Inc.

2023-FY EPS reported -$0.84 revenue$3,015,829,000

Full-year same community occupancy +190 bps; RevPAR +11.4% and RevPOR +8.6% YoY.
Q4 resident fee revenue $716.6M (+8.9% YoY); net loss $(91.2)M vs. $(25.7)M in Q4 2022.
FY 2023 adjusted EBITDA $309.6M; cash from operations increased $160M YoY.
Same community operating income grew 25.9% YoY; adjusted (ex-grants) +43.4%.
CEO cites strong execution in 2023 laying foundation for continued recovery in 2024.

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. reported the quarter and full year ended December 31, 2023 results: revenue $716.6, net income (91.2).

Period: the quarter and full year ended December 31, 2023
Revenue: $716.6
Net income: (91.2)
Result: reported results

Exact text from the filing

Increase / (Decrease) Sequential Increase / (Decrease) ($ in millions, except RevPAR and RevPOR) 4Q 2023 4Q 2022 Amount Percent 3Q 2023 Amount Percent Resident fee revenue $ 716.6 $ 657.9 $ 58.7 8.9% $ 717.1 $ (0.5) (0.1)% Facility operating expense 530.5 531.7 (1.2) (0.2)% 537.4 (6.9) (1.3)% Cash facility operating lease payments 64.5 50.4 14.1 28.0% 64.6

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Source: SEC EDGAR

accession 0001332349-24-000007

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