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NASHVILLE - Brookdale Senior Living Inc. (NYSE: BKD), a leading operator of senior living communities in the United States with a market capitalization of $1.03 billion and annual revenue of nearly $3 billion, announced an increase in its consolidated occupancy rates for March 2025. According to InvestingPro data, the company's revenue grew 4.02% over the last twelve months, though it operates with significant debt obligations. The company reported a weighted average occupancy of 79.5%, a significant 160 basis point increase from the previous year and a 20 basis point rise from February 2025. The month-end occupancy for March also showed improvement, reaching 80.9%, marking the highest rate in five years.
The first quarter of 2025 exhibited a robust growth in weighted average occupancy, accelerating 140 basis points year-over-year to 79.3%. This performance surpasses typical seasonal expectations. With the next earnings report scheduled for May 13, 2025, investors are watching closely to see if this occupancy growth translates into improved financial performance. InvestingPro analysis reveals several additional insights about Brookdale's financial health, with their comprehensive Pro Research Report showing an overall financial health score of GOOD. For communities comparable in size and service, Brookdale observed a 12% increase in move-in volume over the historical average for the first quarter, along with a 3% decrease in move-out volume compared to historical averages.
Brookdale Senior Living, headquartered in Nashville, Tennessee, is the nation's premier operator of senior living communities. As of March 31, 2025, the company operates 647 communities across 41 states and serves approximately 58,000 residents. Brookdale offers a range of services including independent living, assisted living, memory care, and continuing care retirement communities. The company's mission is to enrich the lives of seniors through compassionate care and exceptional service.
The organization emphasizes its commitment to providing value and redefining senior living by focusing on wellness, personal growth, and meaningful relationships in settings that offer a sense of home. Brookdale Senior Living's stock is publicly traded on the New York Stock Exchange with the ticker symbol BKD. Despite generating $420.8 million in EBITDA, InvestingPro analysts note that the company faces profitability challenges, with six additional key insights available to subscribers.
This report is based on a press release statement and provides a snapshot of Brookdale's occupancy rates, reflecting the company's current performance in the senior living industry.
In other recent news, Brookdale Senior Living Inc. has announced the early settlement of its prepaid stock purchase contracts. These contracts are part of the 7.00% tangible equity units issued in November 2022. The settlement is scheduled for March 31, 2025, where each contract holder will receive 12.9341 shares of Brookdale common stock per contract, alongside cash for any fractional shares. This decision was communicated to all holders of the tangible equity units and those with separated purchase contracts and notes. Furthermore, holders have until April 23, 2025, to require Brookdale to repurchase their notes, which includes accrued and unpaid interest, if they meet specified conditions. The final trading day for the tangible equity units will be March 28, 2025. Brookdale has clarified that this move is not an offer for the sale or purchase of securities in any jurisdiction where it would be unlawful. These developments reflect the company's current expectations and are subject to risks and uncertainties as noted in their recent press release.
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