Brookdale Senior Living reports Q3 EPS (48c) vs. (22c) last year

Reports Q3 revenue $813.65M, consensus $827.37M. “Brookdale’s solid Q3 results highlight the underlying strength of our company amidst the accelerating tailwind from increasing demand for senior living coupled with suppressed inventory growth,” said CEO Nick Stengle. “Our Q3 weighted average consolidated occupancy of 81.8% was our highest since the onset of the pandemic in Q1 of 2020, and our occupancy exhibited positive momentum during the quarter and into October. I am excited to join the Brookdale team at this inflection point, and we remain laser focused on delivering shareholder value via profitable occupancy and Adjusted EBITDA growth.”