NASHVILLE, Tenn.,
July 9,
2024 /PRNewswire/ -- Brookdale Senior Living Inc.
(NYSE: BKD) reported today its consolidated occupancy for
June 2024.
June 2024 Observations:
- June 2024 weighted average
occupancy increased 140 basis points over the prior year to
78.2%.
- June year-over-year growth was supported by move-in volumes
above pre-pandemic average and comparable to the prior year period,
and move-outs below the prior year period, as adjusted for
dispositions.
- Sequentially, June weighted average occupancy grew 10 basis
points while June month end occupancy grew 20 basis points,
supporting a second quarter 2024 weighted average sequential
occupancy increase of 20 basis points compared to the first quarter
2024.
- Both June and second quarter weighted average occupancy results
reflected a continued outperformance versus pre-pandemic normal
seasonality.
- Second quarter weighted average occupancy increased 160 basis
points compared to the prior year quarter.
About Brookdale Senior Living
Brookdale Senior Living
Inc. is the nation's premier operator of senior living communities.
The Company is committed to its mission of enriching the lives of
the people it serves with compassion, respect, excellence, and
integrity. The Company, through its affiliates, operates
independent living, assisted living, memory care, and continuing
care retirement communities. Through its comprehensive network,
Brookdale helps to provide seniors with care, connection, and
services in an environment that feels like home. The Company's
expertise in healthcare, hospitality, and real estate provides
residents with opportunities to improve wellness, pursue passions,
make new friends, and stay connected with loved ones. Brookdale,
through its affiliates, operates and manages 649 communities in 41
states as of June 30, 2024, with the
ability to serve approximately 59,000 residents. Brookdale's stock
trades on the New York Stock Exchange under the ticker symbol
BKD. For more information, visit brookdale.com or connect with
Brookdale on Facebook or YouTube.
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SOURCE Brookdale Senior Living Inc.