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Investing.com -- Brookdale Senior Living Inc. (NYSE:BKD) reported first quarter 2025 results that fell short of analyst expectations, sending shares down 5.2% in after-hours trading.
The senior living facility operator posted a loss of -$0.28 per share, wider than the -$0.13 loss analysts had forecast. Revenue came in at $813.86 million, slightly below the consensus estimate of $814.73 million but up 4.5% YoY.
Despite missing estimates, Brookdale highlighted some positive trends in the quarter. Same community weighted occupancy rose to 80.0%, up 130 basis points YoY. The company also reported a 7.6% increase in same community operating income compared to the prior year period.
"Our solid first quarter results and annual guidance raise are a testament to the significant momentum underway at Brookdale," said Interim CEO Denise Warren.
Net cash provided by operating activities improved by $24.5 million YoY to $23.4 million. Adjusted Free Cash Flow turned positive at $3.8 million, a $30.1 million improvement from last year.
Looking ahead, Brookdale raised its full year 2025 guidance. The company now expects RevPAR growth of 5.00% to 5.75%, up from its previous range of 4.75% to 5.75%. Adjusted EBITDA guidance was increased to $440-$450 million from $430-$445 million previously.
While the raised outlook signals confidence from management, investors appeared focused on the earnings miss, as reflected in the after-hours stock decline. Brookdale will need to demonstrate continued operational improvements to regain investor confidence in the coming quarters.
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