Senior living operator Brookdale Q3 adj EBITDA beats; cuts FY forecast
Overview
U.S. senior living operator's Q3 adjusted EBITDA grew 12% and slightly beat analyst expectations
Net loss for Q3 narrowed sharply year-over-year
Company revised 2026 guidance lower due to slower occupancy growth and fire impact
Outlook
Brookdale cuts 2026 Adjusted EBITDA outlook to $495 mln-$502 mln from $502 mln-$516 mln
Company lowers 2026 RevPAR growth forecast to 7.4%-7.9% from 8.0%-9.0%
Result Drivers
COMMUNITY DISPOSITIONS - Co said lower resident fees and facility operating expenses were mainly due to selling and terminating leases of communities since prior year
SAME COMMUNITY GROWTH - Higher same community RevPAR and occupancy contributed to increased resident fees and adjusted EBITDA
RISING OPERATING COSTS - Same community facility operating expenses rose due to higher wage rates, insurance, utilities, and maintenance costs, partly offset by productivity improvements
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Loss | $13.90 mln | ||
Q3 Adjusted EBITDA | Slight Beat* | $124.30 mln | $124.11 mln (5 Analysts) |
Q3 RevPAR | $5,550 |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)