Brookdale Senior Living reported second quarter 2026 total revenue of $718.6 million, missing analyst estimates of $805.2 million, primarily due to the strategic disposition of communities which reduced resident fees by $106.4 million. Despite the top-line miss, the company delivered a significant beat on occupancy and profitability, reporting a net income of $23.3 million ($0.10 per share) compared to a loss in the prior-year period. Operational efficiency remained strong as consolidated RevPAR grew 8.2% year-over-year, supported by favorable supply-demand dynamics.
Key Highlights
- Consolidated weighted average occupancy improved 230 basis points year-over-year to 82.4%, significantly exceeding the 80.2% estimate.
- Net income of $23.3 million was bolstered by a $45.4 million gain on the sale of six owned communities.
- Management reiterated full-year 2026 guidance, targeting RevPAR growth of 8.0% to 9.0% and Adjusted EBITDA between $502 million and $516 million.
- The company agreed to acquire 17 currently leased communities for $157 million and refinanced all remaining 2027 mortgage debt maturities.