earnings
confidence high
sentiment negative
materiality 0.75
Brookdale Q2 net loss widens to $37.7M; RevPAR up 6.4%, occupancy up 160 bps
Brookdale Senior Living Inc.
2024-Q2 EPS reported
-$0.30
revenue$1,560,372,000
- Net loss of $37.7M vs $4.5M loss in Q2 2023; Adjusted EBITDA rose 20.2% to $97.8M.
- Resident fees $739.7M (+4.2% YoY); RevPAR $4,835 (+6.4%).
- Weighted average occupancy 78.1%, up 160 bps YoY.
- Same community operating margin (ex-grant income) improved 160 bps.
- Leadership retention and associate turnover improved significantly.