Brookdale Senior Living reported third quarter 2026 total revenue of $712.1 million, missing analyst estimates primarily due to the impact of community dispositions. While the net loss narrowed significantly to $13.9 million from $114.7 million in the prior-year period, management lowered full-year 2026 Adjusted EBITDA guidance to a range of $495 million to $502 million, citing slower occupancy growth late in the quarter.

Key Highlights

  • Adjusted EBITDA grew 12.0% year-over-year to $124.3 million, supported by organic rate growth and improved labor productivity.
  • Consolidated weighted average occupancy reached 83.1%, representing a 130 basis point improvement over the third quarter of 2025.
  • Same-community RevPAR increased 5.4% to $5,602, driven by a 4.8% increase in RevPOR and a 50 basis point gain in same-community occupancy.
  • The company completed the acquisition of 17 previously leased communities and entered an agreement to purchase 30 more for $290 million to reduce future rent obligations.