NASHVILLE, Tenn., March 8, 2024 /PRNewswire/ — Brookdale Senior Living Inc. (NYSE:BKD) reported today its consolidated occupancy for February 2024.
February 2024 Observations:
February’s weighted average occupancy increased 160 basis points year-over-year to 77.9% in 2024.
Achieved twenty-eight consecutive months of year-over-year weighted average occupancy growth.
Demonstrating an improvement from normal pre-pandemic seasonality, first quarter-to-date 2024 weighted average occupancy decreased (40) basis points compared to the full fourth quarter 2023.
The Company anticipates reporting first quarter results in the top-half of its previously provided first quarter 2024 RevPAR and Adjusted EBITDA guidance ranges.
Safe Harbor
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to various risks and uncertainties and include all statements that are not historical statements of fact and those regarding the Company’s intent, belief, or expectations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “could,” “would,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “project,” “predict,” “continue,” “plan,” “target,” or other similar words or expressions, and include statements regarding the Company’s expected financial and operational results. These forward-looking statements are based …