Quarterly ResultAug 10, 2026, 04:29 PM
Brookdale Senior Living Q2 Net Income $23.3M; Acquires 17 Communities
AI Summary
Brookdale Senior Living Inc. reported a significant turnaround in profitability for the second quarter and first half of 2026, moving from substantial net losses to positive net income. The company posted $23.3 million in net income for Q2 2026 and $16.4 million for H1 2026, despite a decrease in total revenue. Additionally, Brookdale announced a strategic agreement to acquire 17 communities it currently leases for $157.0 million, further strengthening its owned portfolio.
Key Highlights
- Q2 2026 net income attributable to common stockholders was $23.3 million, up from a $43.0 million loss in Q2 2025.
- H1 2026 net income attributable to common stockholders was $16.4 million, up from a $108.0 million loss in H1 2025.
- Q2 2026 total revenue was $718.6 million, compared to $812.9 million in Q2 2025.
- H1 2026 diluted EPS was $0.07, a significant improvement from $(0.46) in H1 2025.
- Net cash provided by operating activities increased to $112.8 million for H1 2026 from $107.0 million in H1 2025.
- Subsequent to Q2, the company agreed to acquire 17 currently leased communities for $157.0 million.
- Amended revolving credit facility to $200.0 million, maturing in April 2029.
- Sold three owned communities for $2.5 million net proceeds subsequent to Q2 2026.
Price Impact
More from BKD