🔴 Brookdale Senior Living is trading 13.5% down today after lowering full-year Adjusted EBITDA outlook

Brookdale Senior Living is trading at $9.36, down 13.46% during the November 6 session after lowering its full-year Adjusted EBITDA outlook.

• Adjusted EBITDA outlook is now $495–$502 million, down from $502–$516 million; RevPAR growth guidance was cut to 7.4%–7.9% from 8.0%–9.0%.
• Management cited slower occupancy growth late in Q3, added marketing investment, and the expected impact of a fire at its Clinton, Mississippi community. Q3 revenue was $712.1 million.