Brookdale Senior Living reports Q2 EPS (18c), consensus (14c)

Reports Q2 revenue $812.94M, consensus $817.63M. “As a result of our continued operational execution and strong occupancy performance, we were able to raise our annual guidance ranges for a second consecutive quarter,” said Denise Warren, Brookdale’s Interim CEO. “Our occupancy performance accelerated during the second half of the quarter and we continued that momentum into July, as we’ve now surpassed the important 80% occupancy mark that is a critical inflection point for cash flow generation. As we move forward, we remain intensely focused on delivering continued profitable occupancy and operating income growth to drive durable and sustainable shareholder value.”