1. Brookdale achieved positive adjusted free cash flow in late 2024. 2. Resident fees increased by 4% to $2.97 billion in 2024. 3. Brookdale's adjusted EBITDA rose 15% to $386.2 million last year. 4. The company set 2025 RevPAR growth guidance at 4.75% to 5.75%. 5. Recent acquisitions and lease amendments aim to boost long-term profitability.
Positive cash flow and revenue growth signal financial health, enhancing investor confidence. Similar financial recoveries in past quarters led to stock price increases.
The article discusses significant financial improvements and future guidance, which are crucial for investors considering BKD's stability and growth potential.
The strategic acquisitions and operational improvements suggest sustained growth over several quarters, impacting long-term valuation positively.
"Brookdale" or the "Company" announced results for the quarter and full year ended December 31, 2024.
"In 2024, Brookdale made significant progress to achieving its long-term potential. We are proud of the meaningful improvements across many financial, operational, and resident satisfaction metrics. We are grateful for being recognized externally for our workplace culture, leading clinical programming, and being a 'best of' in hundreds of our local markets. Importantly, we delivered positive Adjusted Free Cash Flow in the back half of the year and have positioned the business to generate meaningful Adjusted Free Cash Flow in 2025 through continued focus on profitable occupancy growth and appropriate expense management, completed and pending acquisitions of leased portfolios, and beneficial negotiation of recent lease amendments," said Lucinda ("Cindy") Baier, Brookdale's President and CEO. "As we look to 2025 and beyond, we remain committed to enriching the lives of even more seniors who choose Brookdale to call home, to ensuring that we remain an attractive place for associates to work and to grow their careers, and to creating additional value for our shareholders in the near and long term."
Consolidated summary of operating results and metrics:
| Metric | 4Q 2024 | 4Q 2023 | Amount | Percent |
|---|---|---|---|---|
| Resident fees | $744.4 | $716.6 | $27.8 | 3.9% |
| Facility operating expense | $554.9 | $530.5 | $24.4 | 4.6% |
| General and administrative expense | $48.5 | $41.9 | $6.6 | 15.9% |
| Net income (loss) | $(83.9) | $(91.2) | $7.3 | (7.9)% |
Brookdale Senior Living Inc. is the nation's premier operator of senior living communities. With 647 communities across 41 states and the ability to serve approximately 58,000 residents as of December 31, 2024, Brookdale is committed to its mission of enriching the lives of seniors through compassionate care, clinical expertise, and exceptional service. The Company, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities, offering tailored solutions that help empower seniors to live with dignity, connection, and purpose. Leveraging deep expertise in healthcare, hospitality, and real estate, Brookdale creates opportunities for wellness, personal growth, and meaningful relationships in settings that feel like home. Guided by its four cornerstones of passion, courage, partnership, and trust, Brookdale is committed to delivering exceptional value and redefining senior living for a brighter, healthier future. Brookdale's stock trades on the New York Stock Exchange under the ticker symbol BKD. For more information, visit brookdale.com or connect with Brookdale on Facebook or YouTube.