Brookdale Senior Living Sees 100 Basis Point Increase in Occupancy

By Tamara Parker • Friday, January 10 10:20 • Permanent Link

Brookdale Senior Living Inc. (NYSE: BKD) reported its consolidated occupancy for December 2024, showcasing some noteworthy changes compared to the same period in 2023.

In December 2024, the weighted average occupancy increased by 100 basis points year-over-year, rising from 78.3% in 2023 to 79.3% in 2024. This indicates a positive trend in the company's occupancy levels.

The fourth quarter of 2024 also saw a significant increase in weighted average occupancy, rising by 100 basis points compared to the prior year quarter. Moreover, compared to the third quarter of 2024, the weighted average occupancy increased by 50 basis points, surpassing the normal pre-pandemic seasonality for this period.

Additionally, the move-in volume for the fourth quarter of 2024 surpassed the previous year and even exceeded the pre-pandemic average for this period by 8%, showcasing a strong performance in this aspect.

Brookdale Senior Living Inc. operates and manages 647 communities in 41 states as of December 31, 2024, with the ability to serve approximately 58,000 residents. The company's stock trades on the New York Stock Exchange under the ticker symbol BKD. Following these announcements, the company's shares moved -1.8%, and are now trading at a price of $4.79. Check out the company's full 8-K submission here.

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