Brookdale Senior Living Reports Q1 Earnings with Occupancy Growth and Revised Outlook
Brookdale Senior Living announced its first-quarter financial results, highlighting a strategic pivot toward operational efficiency despite a 7.1% decline in resident fees to $722 million. The revenue drop was primarily attributed to a 14.2% reduction in consolidated average units, partially offset by an 8.2% increase in Revenue Per Available Room (RevPAR). Consolidated occupancy reached 82.1%, marking the 17th consecutive quarter of year-over-year growth. However, early-year performance faced headwinds from winter storms, which added $3-4 million in costs, and seasonal factors. Adjusted EBITDA rose 5.6% to $131 million. CEO Nick Stengle emphasized that organizational changes are beginning to yield benefits, evidenced by stronger April occupancy trends. The company reiterated its 2026 guidance, projecting 8% to 9% RevPAR growth and adjusted EBITDA between $502 million and $516 million. Management also maintained a long-term outlook for mid-teens annual adjusted EBITDA growth through 2028. Labor costs remain the largest expense, though efficiency improvements were noted. The earnings call underscored confidence in the full-year outlook as the company balances rate increases with occupancy management.
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Brookdale Senior Living Reports Q1 Earnings with Occupancy Growth and Revised Outlook
Brookdale Senior Living announced its first-quarter financial results, highlighting a strategic pivot toward operational efficiency despite a 7.1% decline in resident fees to $722 million. The revenue drop was primarily attributed to a 14.2% reduction in consolidated average units, partially offset by an 8.2% increase in Revenue Per Available Room (RevPAR). Consolidated occupancy reached 82.1%, marking the 17th consecutive quarter of year-over-year growth. However, early-year performance faced headwinds from winter storms, which added $3-4 million in costs, and seasonal factors. Adjusted EBITDA rose 5.6% to $131 million. CEO Nick Stengle emphasized that organizational changes are beginning to yield benefits, evidenced by stronger April occupancy trends. The company reiterated its 2026 guidance, projecting 8% to 9% RevPAR growth and adjusted EBITDA between $502 million and $516 million. Management also maintained a long-term outlook for mid-teens annual adjusted EBITDA growth through 2028. Labor costs remain the largest expense, though efficiency improvements were noted. The earnings call underscored confidence in the full-year outlook as the company balances rate increases with occupancy management.
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