Brookdale Senior Living Q1 Earnings Call Highlights

Brookdale Senior Living (NYSE:BKD) said it remains assured successful its full-year 2026 outlook aft first-quarter results showed higher occupancy and RevPAR growth, adjacent arsenic wintertime storms, portfolio changes and interior restructuring weighed connected early-quarter performance.

On the company’s first-quarter net call, Chief Executive Officer Nick Stengle said Brookdale is continuing a “transformational pivot” toward being “first and foremost an operating company,” portion besides emphasizing the worth of its elder lodging existent property base. Stengle, who has been CEO for conscionable implicit 7 months, said organizational changes made implicit the past twelvemonth temporarily disrupted fourth-quarter and aboriginal 2026 results but are opening to amusement benefits successful March and April.

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Brookdale reiterated its 2026 guidance for 8% to 9% RevPAR growth and adjusted EBITDA of $502 cardinal to $516 million. The institution besides maintained its multi-year outlook for mid-teens yearly adjusted EBITDA maturation done 2028.

Occupancy Improves Year Over Year, April Shows Momentum

Brookdale reported first-quarter consolidated occupancy of 82.1%, up 280 ground points from the prior-year period. Same-community occupancy was 82.7%, an summation of 170 ground points from 81.0% a twelvemonth earlier.

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Chief Financial Officer Dawn Kussow said the 4th marked the 17th consecutive 4th successful which Brookdale delivered astatine slightest 100 ground points of year-over-year consolidated occupancy growth. Sequentially, however, consolidated occupancy declined 40 ground points from the 4th fourth of 2025, which Kussow said was accordant with seasonal unit from wintertime illness, weather, vacation timing and yearly complaint increases.