PR Newswire·Nov 6, 2026, 6:30 AM ET

Brookdale Announces Third Quarter 2026 Results

BKD

Brookdale Senior Living Inc. reported a net loss of $13.9 million for the third quarter of 2026, a significant improvement from the $114.7 million loss in the same period of 2025.
Adjusted EBITDA for the quarter reached $124.3 million, representing a 12.0% increase compared to the third quarter of 2025.
Consolidated revenue per available unit (RevPAR) grew by 7.5% year-over-year, while weighted average occupancy increased by 130 basis points to 83.1%.
The company completed the acquisition of 17 leased communities for $157.4 million in September 2026 and announced an agreement to purchase an additional 30 leased communities.
Brookdale received approximately $180 million in cash proceeds from the sale of 35 owned communities (24 in the first half of the year plus 11 in the second half) to date.
The company revised its full-year 2026 guidance for Adjusted EBITDA to a range of $495 million to $502 million and RevPAR growth to 7.4% to 7.9% due to slower occupancy growth late in the quarter.
A recent fire at the 97-unit Clinton, Mississippi community, which is currently vacant, contributed to the downward revision of the 2026 guidance.
In September 2026, Brookdale secured $108 million in debt secured by first-priority mortgages on 17 communities with a variable rate based on SOFR plus 215 basis points.
In July 2026, the company obtained $248.9 million in fixed-rate debt on 45 communities to repay $244.1 million of debt maturing in 2027, resulting in no mortgage debt maturities until 2028.
The company settled its $23.3 million outstanding 2026 convertible notes in October 2026 using a combination of cash and 0.9 million shares of common stock.
Total liquidity stood at $523.6 million as of September 30, 2026, consisting of $323.4 million in unrestricted cash, $24.7 million in marketable securities, and $175.6 million available on the secured credit facility.
Resident fees decreased by 8.7% year-over-year to $707.3 million primarily due to the disposition of communities, while facility operating expenses fell by 11.2% to $503.5 million.
Brookdale plans to sell five additional owned communities (270 units) during 2026, subject to regulatory approvals and other closing conditions.

Company: Brookdale Senior Living Inc.
Keywords: Brookdale Senior Living Inc.