Brookdale Senior Living Inc. (BKD)
NYSE:BKD
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.18Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call largely conveyed a constructive operational and strategic narrative: core operating metrics (RevPAR, occupancy, NPS, turnover) improved, adjusted EBITDA grew despite fewer units, guidance was reaffirmed, portfolio optimization and refinancing actions strengthened liquidity and maturity profile, and management outlined targeted CapEx with demonstrated ROI. Near‑term headwinds include intentional unit dispositions (reducing revenue scale), temporary operational disruption from reorganization and ERP rollout, storm‑related costs (~$3M–$4M), and elevated leverage (8.8x) that will take time to reduce. On balance, the company presented measurable progress on execution and credible plans to realize margin and leverage improvements over 2026–2028.Company Guidance
RevPAR Growth and Guidance Reaffirmed
Consolidated RevPAR increased 8.2% year-over-year (YoY) in Q1 2026 and same‑community RevPAR rose 5.5% YoY. Management reaffirmed full‑year 2026 RevPAR guidance of 8%–9% and reiterated mid‑teens adjusted EBITDA annual growth through 2028.
Occupancy Momentum
Consolidated occupancy was 82.1% in Q1, up 280 basis points YoY; same‑community occupancy was 82.7%, up 170 basis points YoY. April sequential occupancy strengthened +30 bps to 82.3% consolidated (+30 bps same‑community to 82.8%). This marks 17 consecutive quarters of ≥100 bps YoY consolidated occupancy growth.
Adjusted EBITDA Growth
Adjusted EBITDA expanded by $7 million to $131 million in Q1, a 5.6% YoY increase, achieved despite a 14% reduction in weighted average consolidated units. Full‑year adjusted EBITDA guidance is $502M–$516M (based on a $445M adjusted baseline).
Portfolio Optimization and Proceeds
Ongoing portfolio transition: exited over 100 communities since start of 2025. In 2026 management expects to sell 29 communities (~2,364 units) for ~ $200 million total proceeds. Q1 closings: seven communities (330 units) for $22M net; early Q2 closings: three communities (545 units) for $88M net. Exited two communities (152 units) via lease terminations.
Balance Sheet and Liquidity Actions
Total liquidity of $369M as of 3/31/2026. Annualized leverage improved to 8.8x. Management refinanced a portion of near‑term mortgages, extending maturities to April 2033, obtaining $185M of non‑recourse debt and repaying $191M. Target to reduce leverage to below 6x by 2028.
G&A and Cost Discipline
Q1 G&A (ex non‑cash stock comp and restructuring) declined 3.8% YoY to $40.6M. Full‑year G&A guidance reduced to $157M from $162M (a $5M improvement), with most savings expected in H2 2026.
Operational & Service Recognition
294 communities recognized by U.S. News & World Report (fifth consecutive year with the most awards). Trailing‑12‑month NPS (Feb 2026) reached highest levels since monthly surveys resumed post‑COVID. Associate and key leader turnover are the lowest since the pandemic began.
CapEx Program with Targeted ROI
2026 CapEx guidance reaffirmed at $175M–$195M, prioritizing larger community refresh projects with demonstrated ROIs (pipeline of dozens of projects). HealthPlus deployed in ~180 communities as part of service and clinical enhancements.
Leased Portfolio Cash Flow Improvement
Cash facility operating lease payments declined to $44.7M in Q1 from $56.7M prior‑year (down ~$12M), reflecting prior lease dispositions and contractual adjustments; management characterized the leased portfolio as adjusted free cash flow positive with margin growth.
BKD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BKD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $14.18 | $13.56 | -4.37% |
Feb 18, 2026 | $16.56 | $14.95 | -9.72% |
Nov 06, 2025 | $9.11 | $9.43 | +3.51% |
Aug 06, 2025 | $7.80 | $7.13 | -8.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Brookdale Senior Living Inc. (BKD) report earnings?
Brookdale Senior Living Inc. (BKD) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Brookdale Senior Living Inc. (BKD) earnings time?
Brookdale Senior Living Inc. (BKD) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is BKD EPS forecast?
BKD EPS forecast for the fiscal quarter 2026 (Q2) is -0.07.