Why Brookdale May Not Be a Safe Bet Despite 34-Month Occupancy Growth
BKDBrookdale Senior Living(BKD) ZACKS·2024-09-13 01:50

Brookdale Senior Living Inc. (BKD) recently announced that its August 2024 weighted average occupancy grew 130 basis points (bps) from the year-ago level to 78.9%. This marks a new high for the company since it started on the recovery path in March 2021. The weighted average occupancy for the first and second quarters increased 160 bps year over year each. Third quarter-to-date, the metric rose 140 bps year over year. Greater than pre-pandemic average move-in volumes and lower move-outs are expected to have ...