Business
Brookdale Announces Fourth Quarter and Full Year 2024 Results
Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced results for the quarter and full year ended December 31, 2024.
About this update from Brookdale Senior Living Inc.
[{"type":"text","content":"NASHVILLE, Tenn., Feb. 18, 2025 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced results for the quarter and full year ended December 31, 2024.","length":217,"tagName":"p"},{"type":"image","alt":"Brookdale Announces Date of Second Quarter Earnings Release and Conference Call (PRNewsfoto/Brookdale Senior Living Inc.)","displaySize":"","headline":null,"caption":"Brookdale Announces Date of Second Quarter Earnings Release and Conference Call (PRNewsfoto/Brookdale Senior Living Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":105,"url":"https://media.zenfs.com/en/prnewswire.com/239adc078e3613630cf197832bd65640"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NcEd8YsWHjlRO7DNIgtwHQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/239adc078e3613630cf197832bd65640","width":400,"height":105}},"href":"https://mma.prnewswire.com/media/687685/Brookdale_Senior_Living_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fourth quarter consolidated revenue per available unit (RevPAR) increased 5.5% over the prior year quarter and was at the top end of the previously provided guidance range.","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"Fourth quarter consolidated weighted average occupancy grew 100 basis points over the prior year quarter on strong move-in volume which also supported January's sequential occupancy outperformance versus pre-pandemic normal seasonality.","length":240,"tagName":"p"}]},{"val":[{"type":"text","content":"Through consistent execution of strategic priorities and commitment to growth, fourth quarter net income (loss) improved nearly 8% and Adjusted EBITDA(1) improved nearly 16% year-over-year and exceeded the previously provided guidance range.","length":241,"tagName":"p"}]},{"val":[{"type":"text","content":"Net cash provided by operating activities increased 54% and Adjusted Free Cash Flow(1) improved 46% for the fourth quarter compared to the prior year quarter.","length":158,"tagName":"p"}]},{"val":[{"type":"text","content":"Entered into a lease amendment with Ventas, Inc., including non-renewal of 55 communities,...