Brookdale Senior Living Inc. · NYSE:BKD
Brookdale Senior Living — Proxy Contest (September 2019)
9 slides from Brookdale Senior Living's proxy contest presentation, Sep 19, 2019
Slide 1: Historical operational underperformance in same-store occupancy
We believe the Company’s historical operational underperformance is clearly displayed by its consistent lower level of same-store senior housing occupancy relative to the Healthcare REIT SHOP portfolios. Quarter-by-quarter, Brookdale has experienced lower occupancy than the Healthcare REIT peer aver
Slide 2: Rate growth underperformance and lack of credibility on guidance
5 Source: Brookdale August 5, 2019 Investor Presentation. Brookdale’s lower levels of occupancy have not been compensated for with stronger rate growth (“revenue per occupied room”). The Company has materially underperformed the Healthcare REIT peers. The Company has stated that a 1% increase in rat
Slide 3: Elevated leverage and the way forward: Vote BLUE
The Company’s misguided dual commitment to growth and reluctance to shrink has allowed Brookdale to operate at elevated leverage levels for far too long. Brookdale has and continues to operate with a higher percentage of debt than its Healthcare REIT peers, and the Company has articulated no clear p
Slide 4: Fix Brookdale website: recent press releases
FIX (BROOKDALE Home Shareholder Presentations Press Releases ProxyStatement Contact RECENT PRESS RELEASES September 19, 2019 Land & Buildings Issues Letter to Brookdale Stockholders Press Releases August 13, 2019 Land & Buildings Issues Letter to Brookdale Shareholders —_ *ss Releases July 30, 2019
Slide 5: Shareholder Presentations
1K BROOKDALE Shareholder Presentations 13 Green Street Advisors’ Brookdale Analysis AUG
Slide 6: Press Releases
1K BROOKDALE Press Releases 19 SEP 13 AUG 30 JUL 16 JUL Land & Buildings Issues Letter to Brookdale Stockholders Land & Buildings Issues Letter to Brookdale Shareholders Land & Buildings Issues Letter Detailing Brookdale Senior Living’s History of Underperformance Land & Buildings Sends Open Letter
Slide 7: Proxy Statement
FIX BROOKDALE Home Shareholder Presentations Press Releases ProxyStatement Contact Proxy Statement + AutomaticZoom = ‘UNITED STATES SECURITIES AND EXCHANGE COMMISSION ‘Washington, D.C. 20549 SCHEDULE 148 ‘Rule 142-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 144 INFORMATION Proxy Statement
Slide 8: Contact Us
FIX (BROOKDALE Contact Us Ed Mccarthy Robert Winkler Dan Zacchei DF. King Land & Buildings Sloane & Company 212-493-6952 203-987-5827 212-486-9500 emccarthy@dfking.com FixBrookdale@landandbuildings.com Dzacchei@sloanepr.com If you have any questions or comments, feel free to contact us at FixBrookda
Slide 9: Terms and Conditions: Disclaimer
FIX (BROOKDALE , Home Shareholder Presentations PressReleases ProxyStatement Contact Terms and Conditions DISCLAIMER The views expressed on this website represent the opinions of Land & Buildings Investment Management, LLC and its affiliates (collectively, “L&B"), which beneficially own shares of Br
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