Quarterly ResultAug 10, 2026, 04:24 PM
Brookdale Q2 Net Income $23M vs. $43M Loss; RevPAR +8.2%
AI Summary
Brookdale Senior Living Inc. announced strong second quarter 2026 financial results, with net income reaching $23 million, a significant improvement from a $43 million net loss in the prior year. Adjusted EBITDA increased 4.3% to $122 million, driven by an 8.2% rise in consolidated RevPAR and a 230 basis point improvement in weighted average occupancy to 82.4%. The company also made strategic moves, agreeing to acquire 17 leased communities for approximately $157 million and successfully refinancing all remaining 2027 mortgage debt maturities, pushing them out to 2028.
Key Highlights
- Net income for Q2 2026 was $23 million, compared to a $43 million net loss in Q2 2025.
- Adjusted EBITDA for Q2 2026 increased 4.3% year-over-year to $122 million.
- Consolidated revenue per available unit (RevPAR) grew 8.2% year-over-year to $5,497.
- Consolidated weighted average occupancy improved 230 basis points year-over-year to 82.4%.
- Agreed to acquire 17 currently leased communities for approximately $157 million.
- Refinanced all remaining 2027 mortgage debt maturities, extending them until 2028.
- Sold six owned communities for $125.3 million in cash proceeds during Q2 2026.
- Reiterated full year 2026 guidance for RevPAR growth of 8.0% to 9.0% and Adjusted EBITDA of $502 million to $516 million.
Price Impact
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