Published on 20 Feb 2024 on GuruFocus.com via Yahoo Finance
Brookdale Senior Living Inc. Reports Substantial Growth in 2023, Boosted by Higher Occupancy ...
Revenue Growth: Full-year resident fee revenue increased by 10.5% to $2.857 billion in 2023.Occupancy and Rates: Same community weighted average occupancy grew by 190 basis points year-over-year, with RevPAR and RevPOR rising by 11.4% and 8.6%, respectively.Operating Income: Same community operating income surged by 25.9% compared to the previous year.Adjusted EBITDA: Full-year Adjusted EBITDA improved by 39.1%, reaching $335.5 million.Free Cash Flow: Adjusted Free Cash Flow saw a remarkable increase of 76.3%, amounting to an improvement of $154 million.Liquidity: Total liquidity stood at $340.7 million as of December 31, 2023, including cash, marketable securities, and credit facility availability.
Warning! GuruFocus has detected 7 Warning Signs with BKD.
On February 20, 2024, Brookdale Senior Living Inc (NYSE:BKD) released its 8-K filing, announcing its fourth quarter and full year results for the period ending December 31, 2023. The company, a leading operator of senior living communities in the United States, reported significant growth in revenue and occupancy, reflecting the success of its strategic initiatives aimed at recovering from the pandemic's impact and enhancing value for stakeholders.