0001332349false00013323492025-04-082025-04-08
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
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FORM |
8-K |
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CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 |
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| Date of Report (Date of earliest event reported) |
April 8, 2025 |
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| Brookdale Senior Living Inc. |
| (Exact name of registrant as specified in its charter) |
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| Delaware |
001-32641 |
20-3068069 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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| 105 Westwood Place, |
Suite 400, |
Brentwood, |
Tennessee |
37027 |
| (Address of principal executive offices) |
(Zip Code) |
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| Registrant's telephone number, including area code |
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(615) |
221-2250 |
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| (Former name or former address, if changed since last report.) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
| Common Stock, $0.01 Par Value Per Share |
BKD |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 2 - Financial Information
Item 2.02 Results of Operations and Financial Condition.
On April 8, 2025, Brookdale Senior Living Inc. (the "Company") issued a press release announcing its consolidated occupancy for March 2025 and certain other information regarding the quarter ended March 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1.
The information furnished pursuant to this Current Report on Form 8-K (including the exhibit hereto) shall not be considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth by specific reference in such filing that such information is to be considered "filed" or incorporated by reference therein.
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure.
The information set forth in Item 2.02 of this report is incorporated herein by reference.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 Cover Page interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BROOKDALE SENIOR LIVING INC. |
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| Date: |
April 8, 2025 |
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By: |
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/s/ Dawn L. Kussow |
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Name: |
Dawn L. Kussow |
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Title: |
Executive Vice President and Chief Financial Officer |
EX-99.1
2
march2025occupancy.htm
EX-99.1
march2025occupancy
Exhibit 99.1 Brookdale Reports March 2025 Occupancy Nashville, Tenn., April 8, 2025 – Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for March 2025. 2024 2025 Occupancy Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Wtd. avg. 77.9% 77.9% 78.1% 78.2% 78.6% 78.9% 79.2% 79.4% 79.5% 79.3% 79.2% 79.3% 79.5% Month end 79.1% 79.2% 79.5% 79.7% 79.9% 80.4% 80.5% 80.8% 80.4% 80.5% 80.6% 80.8% 80.9% March 2025 Observations: • March weighted average occupancy increased 160 basis points year‐over‐year to 79.5% and grew 20 basis points sequentially from February, reflecting another month of counter‐seasonal strength. • March month end occupancy also improved sequentially to 80.9%, marking the highest month end occupancy in five years. • First quarter weighted average occupancy growth accelerated to 140 basis points year‐over‐year to 79.3% in 2025. • Sequentially, first quarter weighted average occupancy performance was significantly better than normal seasonality. • For comparable communities, move‐in volume exceeded historical average for the first quarter by 12% while move‐out volume was 3% better than historical average. About Brookdale Senior Living Brookdale Senior Living Inc. is the nation’s premier operator of senior living communities. With 647 communities across 41 states and the ability to serve approximately 58,000 residents as of March 31, 2025, Brookdale is committed to its mission of enriching the lives of seniors through compassionate care, clinical expertise, and exceptional service. The Company, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities, offering tailored solutions that help empower seniors to live with dignity, connection, and purpose. Leveraging deep expertise in healthcare, hospitality, and real estate, Brookdale creates opportunities for wellness, personal growth, and meaningful relationships in settings that feel like home. Guided by its four cornerstones of passion, courage, partnership, and trust, Brookdale is committed to delivering exceptional value and redefining senior living for a brighter, healthier future. 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. Jessica Hazel, VP Investor Relations • 615‐564‐8104 • email: Jessica.Hazel@brookdale.com 75% 77% 79% 81% Mar 2024 Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2025 Feb Mar Weighted average Month end Wtd. Avg. 1Q 2025 79.3% 4Q 2024 79.4% 3Q 2024 78.9% 2Q 2024 78.1% 1Q 2024 77.9% 4Q 2023 78.4% 3Q 2023 77.6% 2Q 2023 76.5% 1Q 2023 76.3% Brookdale’s Consolidated Occupancy
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