Brookdale Senior Living Inc. (BKD)
NYSE:BKD
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Brookdale Senior Living
(NYSE:BKD)
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Rating:47Neutral
Price Target:
$13.00
▼(-5.39% Downside)
Action:Reiterated
Date:05/09/26
The score is primarily held back by weak financial fundamentals—negative equity/high leverage, ongoing net losses, and volatile free cash flow—plus weak technical momentum. Offsetting this, the latest earnings call was constructive with reaffirmed guidance and improving operating metrics, but execution and deleveraging remain key risks.
Positive Factors
Stable operating cash flow
Brookdale’s consistent operating cash flow (~$163–$216M 2023–TTM) provides a durable internal liquidity source to fund working capital, maintenance CapEx and targeted investments. That recurring cash generation supports refinancing flexibility and execution of strategic actions over the next several quarters.
Negative Factors
High leverage and negative equity
Negative shareholders’ equity and elevated debt burdens materially constrain Brookdale’s financial flexibility. Persistent negative equity increases refinancing and covenant sensitivity, making deleveraging a multi‑year operational and financing objective and limiting discretionary capital allocation in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable operating cash flow
Brookdale’s consistent operating cash flow (~$163–$216M 2023–TTM) provides a durable internal liquidity source to fund working capital, maintenance CapEx and targeted investments. That recurring cash generation supports refinancing flexibility and execution of strategic actions over the next several quarters.
Read all positive factors
Brookdale Senior Living (BKD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.18B
Dividend YieldN/A
Average Volume (3M)3.27M
Price to Earnings (P/E)―
Beta (1Y)0.10
Revenue Growth-0.36%
EPS Growth16.69%
CountryUS
Employees24,480
SectorHealthcare
Sector Strength45
IndustryMedical - Care Facilities
Share Statistics
EPS (TTM)-0.86
Shares Outstanding238,789,800
10 Day Avg. Volume3,441,184
30 Day Avg. Volume3,273,199
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)-56.50
Price to Sales (P/S)0.81
P/FCF Ratio-8.58
Enterprise Value/Market Cap2.65
Enterprise Value/Revenue2.71
Enterprise Value/Gross Profit18.92
Enterprise Value/Ebitda21.66
Forecast
1Y Price Target
$19.10Price Target Upside39.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.18
Revenue Forecast (FY)$3.01B
Brookdale Senior Living Business Overview & Revenue Model
Company Description
Brookdale Senior Living Inc. owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The In...
How the Company Makes Money
Brookdale primarily makes money by charging residents recurring fees to live in and receive services at its senior living communities. The core revenue stream is resident fees, which generally include (1) monthly rental or occupancy charges for th...
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 | -294.52M | -35.07M | -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
13.74
Price Trends
13.72
Negative
13.81
Negative
11.40
Positive
Market Momentum
-0.17
Negative
45.61
Neutral
69.28
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 13.74 is above the 20-day moving average (MA) of 13.55, above the 50-day MA of 13.72, and above the 200-day MA of 11.40, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 45.61 is Neutral, neither overbought nor oversold. The STOCH value of 69.28 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.73B | 17.26 | 9.34% | ― | 19.55% | 21.54% | |
76 Outperform | $3.06B | 17.30 | 11.68% | 1.80% | 11.40% | 13.96% | |
71 Outperform | $1.18B | 31.06 | 9.23% | ― | 36.76% | 11.22% | |
71 Outperform | $1.60B | 8.22 | 241.47% | ― | 20.49% | 4335.46% | |
68 Neutral | $1.88B | 20.74 | 3.88% | ― | 56.69% | -15.92% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
47 Neutral | $3.18B | -118.16 | 9999.00% | ― | -0.36% | 16.69% |
* Healthcare Sector Average
BKD
Brookdale Senior Living
13.30
6.89
107.49%
ADUS
Addus Homecare
92.65
-19.51
-17.39%
NHC
National Healthcare
196.00
95.67
95.36%
ASTH
Astrana Health
37.85
13.56
55.83%
PNTG
Pennant Group
33.92
6.15
22.15%
AVAH
Aveanna Healthcare Holdings
7.33
1.88
34.50%
Brookdale Senior Living Corporate Events
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...
Executive/Board Changes
Brookdale Senior Living Announces Planned Board Member Departure
Neutral
Apr 20, 2026
On April 17, 2026, Brookdale Senior Living Inc. announced that board member Dr. Jordan R. Asher has informed the company he will not stand for re-election at its 2026 annual meeting of stockholders. He will remain on the board until his term expir...
Business Operations and StrategyFinancial Disclosures
Brookdale Senior Living Reports Solid First-Quarter Occupancy Gains
Positive
Apr 8, 2026
On April 8, 2026, Brookdale Senior Living Inc. reported that its consolidated weighted average occupancy for the first quarter of 2026 rose 280 basis points year over year to 82.1 percent, despite a seasonal sequential decline of 40 basis points f...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Brookdale Senior Living Reports Strong 2025 Results, Refinances Debt
Positive
Feb 18, 2026
Brookdale Senior Living reported its fourth-quarter and full-year 2025 results on February 18, 2026, showing a 5.7% increase in full-year consolidated RevPAR and a 310-basis-point improvement in fourth-quarter weighted average occupancy versus a y...
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.