Brookdale Q3 Earnings Miss on Marketing Cost Hike, Shares Decline 18%
Brookdale Senior Living(BKD) ZACKS·2024-11-16 03:25
Brookdale Senior Living Inc.’s (BKD) shares lost 17.5% since it reported third-quarter 2024 results on Nov. 6, 2024. The quarterly results were hurt by elevated marketing expenses, reduced property insurance proceeds and a decline in interest income, all of which contributed to a wider net loss.Nevertheless, the downside was partly offset by higher resident fees, driven by increased revenue per occupied unit (RevPOR) and occupancy rates. BKD incurred a third-quarter adjusted loss of 22 cents per share, wide ...