Brookdale Senior Living Inc. Q1 FY2026 earnings call

Associate turnover and key leader turnover improved to lowest since COVID. First quarter financial results discussed, including occupancy, revenue, REVPAR. Progress on portfolio optimization with community dispositions and lease terminations. G&A expense reduced for 2026.

First quarter consolidated occupancy grew 280 basis points to 82.1%, same community occupancy grew 170 basis points to 82.7%. Resident fees were $722 million, down 7.1% year-over-year. REVPAR increased 8.2% year-over-year. Senior housing operating income grew 14% sequentially with margin expansion of 330 basis points.

2026 RevPAR expected to grow 8%-9%. Adjusted EBITDA mid-teens growth from 2025 baseline. G&A expense estimate reduced to $157 million.

Winter storms impacted first quarter occupancy. Risks related to remaining community dispositions.

Q: Brian Tankwilit's question on quarterly growth ramp; A: Nick's response on organizational changes and April occupancy.

Q: Ben Hendricks' question on RFPAR acceleration; A: Response on occupancy and rev pour trends.

Q: Joanna Gadzik's question on acquisitions; A: Response on strategic acquisition strategy.

Q: Andrew Mock's question on same store rev pour; A: Response on rev pour trends and winter storms impact.

Q: Raj Kumar's question on CapEx and HealthPlus; A: Response on CapEx programs and HealthPlus integration.