Want to see BKD full AI Analyst Report?
Top Page
Brookdale Senior Living
(NYSE:BKD)
Select Model
Select Model
Rating:52Neutral
Price Target:
$15.00
▼(-0.99% Downside)
Action:Reiterated
Date:07/10/26
The score is primarily constrained by weak financial fundamentals—especially negative equity/high leverage and ongoing net losses—despite steady operating cash flow. Technicals are a meaningful offset, with the stock trading above major moving averages and positive momentum. Valuation remains challenged due to negative earnings and no stated dividend, while the latest earnings call was moderately supportive thanks to reaffirmed guidance and improving occupancy/RevPAR, tempered by still-elevated leverage.
Positive Factors
Improving occupancy and RevPAR momentum
Sustained occupancy and RevPAR gains reflect improving demand and pricing power across Brookdale’s communities. Higher occupancy and RevPAR support more durable resident-service revenues, improve operating leverage on fixed costs, and underpin multi-quarter EBITDA recovery and cash generation prospects.
Negative Factors
Negative equity and elevated leverage
Negative equity and elevated debt materially restrict financial flexibility and increase refinancing and covenant sensitivity. This structural capital weakness raises long-term cost of capital, limits strategic optionality, and forces reliance on asset sales and favorable operating recoveries to restore balance-sheet health.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving occupancy and RevPAR momentum
Sustained occupancy and RevPAR gains reflect improving demand and pricing power across Brookdale’s communities. Higher occupancy and RevPAR support more durable resident-service revenues, improve operating leverage on fixed costs, and underpin multi-quarter EBITDA recovery and cash generation prospects.
Read all positive factors
Brookdale Senior Living (BKD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.49B
Dividend YieldN/A
Average Volume (3M)5.02M
Price to Earnings (P/E)―
Beta (1Y)0.03
Revenue Growth-0.36%
EPS Growth16.69%
CountryUS
Employees33,000
SectorHealthcare
Sector Strength45
IndustryMedical - Care Facilities
Share Statistics
EPS (TTM)-0.86
Shares Outstanding238,789,800
10 Day Avg. Volume4,846,902
30 Day Avg. Volume5,022,925
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)-56.50
Price to Sales (P/S)0.81
P/FCF Ratio153.19
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$19.60Price Target Upside29.37% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-0.13
Revenue Forecast (FY)$2.97B
Brookdale Senior Living Business Overview & Revenue Model
Company Description
Brookdale Senior Living Inc. (BKD) is a U.S.-based operator of senior living communities, providing housing and care services to older adults. The company’s offerings span independent living, assisted living, and memory care, and it also provides ...
How the Company Makes Money
Brookdale primarily makes money by charging residents recurring monthly fees for living accommodations and care-related services at its senior living communities. The company’s key revenue stream is resident service revenue, which typically includ...
Brookdale Senior Living Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
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.Positive Updates
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.
Negative Updates
Unit Count and Revenue Decline (Disposition Impact)
Weighted average consolidated unit count declined 14.2% YoY, reflecting planned dispositions; resident fees declined 7.1% YoY to $722M. Dispositions reduced scale and suppressed reported top‑line growth in the near term.
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Brookdale reaffirmed full‑year 2026 guidance calling for 8%–9% RevPAR growth and $502–$516 million of adjusted EBITDA (with mid‑teens annual adjusted EBITDA growth targeted through 2028 off a $445M baseline), and reiterated a goal to reduce annualized leverage to below 6.0x by 2028; other financial assumptions include full‑year G&A of ~$157M (down from $162M), cash facility operating lease payments of ~ $180M, management fees of ~ $1M for the remainder of 2026, planned dispositions of 29 communities (2,364 units) targeting ~$200M of proceeds, CapEx of $175M–$195M, and continued confidence in second‑half accelerated EBITDA flow‑through. Recent Q1 metrics that underpin the guidance: adjusted EBITDA of $131M (up 5.6% YoY despite a ~14% decline in weighted average unit count), consolidated occupancy 82.1% (+280 bps YoY; same‑community 82.7% +170 bps), April occupancy +30 bps sequentially, consolidated RevPAR +8.2% (same‑community RevPAR +5.5%), RevPOR +4.5% YoY, EXPOR +3.2% YoY, storm‑related direct costs ~$3–4M, quarter‑end leverage 8.8x, liquidity $369M, and adjusted free cash flow seasonal outflow of $12M in Q1.Brookdale Senior Living Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
18
Very Negative
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.11B | 3.12B | 2.98B | 2.87B | 2.74B | 2.75B |
| Gross Profit | 445.33M | 645.02M | 807.43M | 744.71M | 513.94M | 488.58M |
| EBITDA | 389.07M | 347.65M | 420.80M | 369.29M | 319.92M | 425.07M |
| Net Income | -204.60M | -262.69M | -201.94M | -189.01M | -238.43M | -99.29M |
Balance Sheet | ||||||
| Total Assets | 5.90B | 5.95B | 6.34B | 5.57B | 5.94B | 6.41B |
| Cash, Cash Equivalents and Short-Term Investments | 270.14M | 279.12M | 328.80M | 307.73M | 447.53M | 529.42M |
| Total Debt | 5.51B | 6.66B | 5.65B | 4.73B | 4.89B | 5.23B |
| Total Liabilities | 5.95B | 6.00B | 6.12B | 5.17B | 5.35B | 5.71B |
| Stockholders Equity | -55.94M | -44.75M | 212.47M | 403.66M | 582.61M | 697.40M |
Cash Flow | ||||||
| Free Cash Flow | 9.32M | 16.50M | -34.44M | -70.28M | -193.64M | -271.29M |
| Operating Cash Flow | 215.51M | 218.03M | 166.18M | 162.92M | 3.28M | -94.63M |
| Investing Cash Flow | -158.93M | -455.95M | -278.07M | -113.36M | -67.43M | 181.46M |
| Financing Cash Flow | -39.09M | 201.09M | 142.06M | -174.44M | 100.38M | -113.66M |
Brookdale Senior Living Technical Analysis
Neutral
15.15
Price Trends
14.16
Positive
13.97
Positive
12.91
Positive
Market Momentum
0.19
Positive
55.60
Neutral
47.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BKD, the sentiment is Neutral. The current price of 15.15 is above the 20-day moving average (MA) of 14.91, above the 50-day MA of 14.16, and above the 200-day MA of 12.91, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 55.60 is Neutral, neither overbought nor oversold. The STOCH value of 47.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BKD.
Brookdale Senior Living Risk Analysis
Brookdale Senior Living disclosed 37 risk factors in its most recent earnings report. Brookdale Senior Living reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Brookdale Senior Living Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $3.58B | 28.32 | 11.68% | 1.15% | 11.40% | 13.96% | |
77 Outperform | $2.18B | 21.35 | 9.34% | ― | 19.55% | 21.54% | |
71 Outperform | $1.43B | 45.30 | 9.23% | ― | 36.76% | 11.22% | |
69 Neutral | $2.11B | 7.41 | 241.47% | ― | 20.49% | 4335.46% | |
68 Neutral | $1.82B | 57.58 | 3.88% | ― | 56.69% | -15.92% | |
52 Neutral | $3.49B | -17.00 | 9999.00% | ― | -0.36% | 16.69% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
BKD
Brookdale Senior Living
14.60
6.87
88.87%
ADUS
Addus Homecare
115.48
8.52
7.97%
NHC
National Healthcare
226.03
132.87
142.61%
ASTH
Astrana Health
35.56
13.68
62.52%
PNTG
Pennant Group
40.32
18.16
81.95%
AVAH
Aveanna Healthcare Holdings
9.39
5.57
145.81%
Brookdale Senior Living Corporate Events
Business Operations and StrategyFinancial Disclosures
Brookdale Senior Living Reports Continued Occupancy Improvement
Positive
Jul 9, 2026
Brookdale Senior Living Inc., a major U.S. operator of senior living communities, runs 541 communities in 41 states and can serve about 46,000 residents, with a portfolio spanning independent living, assisted living, memory care, and continuing ca...
Executive/Board ChangesShareholder Meetings
Brookdale Senior Living Announces Board Leadership Transition
Neutral
Jun 24, 2026
At Brookdale Senior Living Inc.’s annual meeting of stockholders held on June 22, 2026, the term of director Jordan R. Asher expired after he chose not to stand for re-election, a decision the company said did not stem from any disagreement ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Brookdale Senior Living Reports Strong Q1 2026 Performance
Positive
May 6, 2026
Brookdale Senior Living reported first quarter 2026 results on May 6, 2026, showing an 8.2% year-over-year increase in consolidated revenue per available unit and a 280-basis-point gain in occupancy to 82.1%. Net loss narrowed sharply to $7 millio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.