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Brookdale Reports December 2024 Occupancy

1. BKD's occupancy rose 100 basis points year-over-year to 79.3%. 2. Fourth quarter 2024 move-in volume exceeded pre-pandemic levels by 8%. 3. Overall occupancy increase suggests recovery in senior living market. 4. BKD operates 647 communities, catering to approximately 58,000 residents. 5. Adapting to demand trends indicates strong operational performance.

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FAQ

Why Bullish?

Increased occupancy is a positive indicator for revenue potential, similar to previous recoveries.

How important is it?

Broader market recovery signals positive trends for BKD, influencing investment interest.

Why Short Term?

Occupancy improvements likely to influence stock performance in upcoming quarters.

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SRZLNDLIN
Resources Blog Journalists Log In Sign Up Data Privacy Send a Release News Products Contact , /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for December 2024.December 2024 Observations: Supported by favorable move-in and move-out levels, December weighted average occupancy increased 100 basis points year-over-year, from 78.3% in 2023 to 79.3% in 2024. Fourth quarter 2024 weighted average occupancy also increased 100 basis points compared to the prior year quarter. Sequentially, fourth quarter 2024 weighted average occupancy increased 50 basis points compared to the third quarter, exceeding normal pre-pandemic seasonality for this period. Fourth quarter 2024 move-in volume surpassed the prior year and exceeded the pre-pandemic average for this period by 8%. About Brookdale Senior Living Brookdale Senior Living Inc. is the nation's premier operator of senior living communities. The Company is committed to its mission of enriching the lives of the people it serves with compassion, respect, excellence, and integrity. The Company, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities. Through its comprehensive network, Brookdale helps to provide seniors with care, connection, and services in an environment that feels like home. The Company's expertise in healthcare, hospitality, and real estate provides residents with opportunities to improve wellness, pursue passions, make new friends, and stay connected with loved ones. Brookdale, through its affiliates, operates and manages 647 communities in 41 states as of December 31, 2024, with the ability to serve approximately 58,000 residents. 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.SOURCE Brookdale Senior Living Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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