Brookdale Senior Living Inc. (NYSE:BKD) announced results for the quarter and the year ending 2025, consistent with preliminary figures shared in January. The company highlighted stronger occupancy, improved revenue per available unit, and progress on refinancing and portfolio optimization.
Fourth quarter highlights
- Consolidated revenue per available unit (RevPAR) increased 7.1 percent year‑over‑year.
- Weighted average occupancy rose 310 basis points to 82.5 percent.
- Net loss narrowed to $40.0 million from $83.9 million in the prior year quarter.
- Adjusted EBITDA grew 7.1 percent to $105.6 million.
Same community results showed resident fees up 5.0 percent, with occupancy climbing 250 basis points to 83.5 percent.
Full‑year 2025 results
- Consolidated RevPAR increased 5.7 percent, above guidance midpoint.
- Weighted average occupancy improved 230 basis points to 80.9 percent.
- Net loss was $263 million, compared to $202 million in 2024.
- Adjusted EBITDA rose 18.5 percent to $458 million.
CEO Nick Stengle noted that Brookdale delivered positive momentum throughout 2025, positioning the company to capitalize on rising demand in a low‑supply environment. Guidance for 2026 calls for mid‑teens Adjusted EBITDA growth and 8–9 percent RevPAR growth.
Strategic and financial updates
Brookdale refinanced approximately $350 million of 2026 mortgage debt maturities and $200 million of 2027 maturities, strengthening its balance sheet. The company also terminated leases on 42 communities with Ventas, Inc., completed the sale of two owned communities, and plans to sell 29 additional properties in 2026, targeting $200 million in proceeds.
Liquidity
As of December 31, 2025, Brookdale reported total liquidity of $377.7 million, including $279.1 million in cash and equivalents and $98.6 million in credit facility availability.
About Brookdale Senior Living
Brookdale Senior Living Inc. is the nation’s premier operator of senior living communities, with 584 communities across 41 states serving approximately 51,000 residents. Brookdale offers independent living, assisted living, memory care, and continuing care retirement communities, guided by its mission to enrich the lives of seniors through compassionate care and exceptional service.
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