Education
About Us
Working with TipRanks
Follow Us
Brookdale Senior Living (BKD)
NYSE:BKD
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.28Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear positives: RevPAR growth beat guidance, adjusted EBITDA grew strongly (+19% to $458M) and occupancy recovered above the pivotal 80% mark with sustained operational initiatives (new COO, regional structure, centralized pricing/CapEx). The company returned to positive adjusted free cash flow and is actively optimizing its portfolio with expected proceeds (~$200M) and continued CapEx investment focused on high-ROI projects. Key headwinds include a miss on free cash flow versus target, Q4 cash outflow tied to tax and working capital timing, revenue pressure from unit reductions, a meaningful cohort of under-70% occupancy communities that remain to be resolved, and elevated leverage (8.9x) that still poses near-term financial risk. Overall the positives — tangible operating momentum, strong EBITDA expansion, occupancy gains, strategic organizational changes and credible 2026 guidance — significantly outweigh the lowlights, while management acknowledges the remaining execution risks.Company Guidance
RevPAR Growth Exceeds Guidance
Full-year 2025 RevPAR grew 5.7%, finishing at the top end of initial guidance (4.75%–5.75%). Fourth-quarter same-community RevPAR increased 5% YoY; consolidated Q4 RevPAR rose ~7.1% (offsetting unit reductions). Company guides to 8%–9% RevPAR growth for 2026.
Strong Adjusted EBITDA Expansion
Adjusted EBITDA for 2025 increased 19% YoY to $458 million (fourth consecutive year of double-digit EBITDA growth). Fourth-quarter adjusted EBITDA was $106 million, up 7% YoY. 2026 adjusted EBITDA guidance is $502–$516 million (mid-teens growth from baseline).
Occupancy Recovery and Momentum
Consolidated weighted average occupancy for Q4 2025 was 82.5% (same-community 83.5%), a 310 basis-point improvement YoY and ~70 bps sequential improvement. End-of-quarter consolidated occupancy closed at 83.7% (84.3% same-community). Full-year consolidated weighted average occupancy was 80.9%.
Return to Positive Adjusted Free Cash Flow
Brookdale generated $23 million of adjusted free cash flow in 2025, its first positive adjusted free cash flow since 2020 (despite missing the $30–$50 million target due to timing issues).
Portfolio Optimization and Expected Proceeds
Completed lease terminations and dispositions in 2025 (exited 58 leased communities / 6,466 units). As of 12/31/2025 the consolidated portfolio was 548 communities (370 owned, 178 leased). Company expects to sell 29 owned communities in 2026 for approximately $200 million of proceeds, targeting a stabilized ongoing portfolio of ~517 communities.
CapEx Prioritization and Increased Investment
Nondevelopment CapEx for 2025 was $170.7 million. For 2026 company projects nondevelopment CapEx of $175–$195 million, with a strategic shift toward larger, ROI-focused projects ("first impressions") prioritized by a new centralized asset/capital decision function.
Leverage Improvement and 2028 Target
Adjusted annualized leverage improved to 8.9x at year-end 2025 from 9.9x at prior year-end. Management reiterated a plan to reduce leverage to under 6x by 2028, primarily through EBITDA expansion and continued portfolio optimization.
Operational Leadership & Organizational Changes
Hired a dedicated Chief Operating Officer (first in >10 years), implemented a six-region operating structure, and created a Senior VP of Strategic Operations to centralize pricing, labor management and CapEx decisioning to accelerate operational improvements.
Quality & Health Initiatives
Net Promoter Score (NPS) improved by 19 points since 2022. Brookdale Health Plus expanded into 58 additional communities in 2025 (now serving >180 communities), with reported benefits including fewer avoidable ER visits/hospitalizations and improved resident and associate satisfaction.
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 |
|---|---|---|---|
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% |
May 06, 2025 | $6.75 | $6.61 | -2.07% |
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 (BKD) report earnings?
Brookdale Senior Living (BKD) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Brookdale Senior Living (BKD) earnings time?
Brookdale Senior Living (BKD) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKD EPS forecast?
BKD EPS forecast for the fiscal quarter 2026 (Q1) is -0.02.