Published on 10 May 2024 on Zacks via Yahoo Finance
Brookdale (BKD) Down 3% Post Q1 Earnings: What Lies Ahead?
Brookdale Senior Living Inc.’s BKD shares have declined 2.6% since it reported first-quarter 2024 results on May 7, 2024. Despite a narrower-than-expected loss, which resulted from higher resident fees and increased occupancy rates, investors may have been worried about an elevated expense level. Overall costs took a hit from persistent inflationary pressures.
Revenue per available unit (“RevPAR”) is anticipated to witness 6.25-6.75% growth on a year-over-year basis in the second quarter of 2024 while the metric recorded 11.6% growth in the prior-year quarter. The expected decline in the growth rate of the metric may have further concerned investors since healthy RevPAR growth provides an impetus for the company to grow organically.