Brookdale (BKD) Down 3% Post Q1 Earnings: What Lies Ahead?
BKDBrookdale Senior Living(BKD) Zacks Investment Research·2024-05-11 02:01

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 ...