Quarterly ResultMay 6, 2026, 04:26 PM
Brookdale Q1 Net Loss $7M; Adjusted EBITDA $131M, RevPAR +8.2%
AI Summary
Brookdale Senior Living Inc. announced its first quarter 2026 financial results, reporting a significant reduction in net loss to $7 million from $65 million year-over-year. The company achieved a 5.6% increase in Adjusted EBITDA to $131 million, driven by an 8.2% rise in consolidated RevPAR and a 280 basis point improvement in occupancy to 82.1%. Brookdale also beneficially refinanced a substantial portion of its 2027 debt maturities and received over $100 million from community sales, while reiterating its positive full-year 2026 guidance.
Key Highlights
- Q1 2026 net loss significantly improved to $7 million from $65 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 increased 5.6% year-over-year to $131 million.
- Consolidated revenue per available unit (RevPAR) grew 8.2% year-over-year.
- Consolidated weighted average occupancy improved by 280 basis points year-over-year to 82.1%.
- Refinanced $190.6 million of 2027 debt maturities with new loans at 5.38% fixed rate maturing in April 2033.
- Received over $100 million in cash proceeds from community sales in 2026 to date.
- Reiterated full year 2026 guidance for RevPAR growth of 8.0% to 9.0% and Adjusted EBITDA of $502M to $516M.
- Same community resident fees increased 5.5% year-over-year to $690.9 million.