Brookdale Senior Living Inc. has recently released its 10-Q report, providing an insight into the company's financial condition and results of operations. Brookdale Senior Living Inc. operates and manages senior living communities in the United States, offering a broad continuum of services across various sectors of the senior living industry, including independent living, assisted living, memory care, and continuing care retirement communities (CCRCs). As of June 30, 2024, the company owned 342 communities, leased 277 communities, and managed 30 communities, with the capacity to serve approximately 59,000 residents.
In the "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" section of the 10-Q report, Brookdale Senior Living Inc. provides a comprehensive overview of its operations, including community transactions and results of operations. Subsequent to the three months ended June 30, 2024, the company amended the existing master lease with Omega Healthcare Investors, Inc., through which it continues to lease 24 communities from Omega. The amended master lease has an initial term to expire on December 31, 2037, with Omega making available up to $80.0 million to fund costs associated with capital expenditures for the communities through December 31, 2037. The report also discusses the results of operations, presenting various operating measures and non-GAAP performance measures, such as RevPAR (average monthly senior housing resident fee revenue per available unit), RevPOR (average monthly senior housing resident fee revenue per occupied unit), and weighted average occupancy, to provide insights into the company's revenue performance and occupancy rates.
The report further includes a comparison of the company's overall operating results for the three months ended June 30, 2024, and 2023, highlighting the financial performance during the specified period. The detailed discussion in the 10-Q report offers investors and stakeholders a comprehensive understanding of Brookdale Senior Living Inc.'s financial condition and operational performance, facilitating informed decision-making regarding the company's position in the senior living industry. The market has reacted to these announcements by moving the company's shares -7.0% to a price of $6.81. If you want to know more, read the company's complete 10-Q report here.
