Brookdale Announces Third Quarter 2026 Results
Key Highlights
- ➤Adjusted EBITDA $124.3 million, up 12.0% year-over-year
- ➤Net loss narrowed to $13.9 million from $114.7 million
- ➤2026 guidance cut to $495-$502 million Adjusted EBITDA
- ➤2026 RevPAR growth guidance reduced to 7.4%-7.9%
- ➤$290 million agreement signed for 30 leased communities
- ➤Completed $157.4 million acquisition of 17 communities
Expert Statements
Nick Stengle, Chief Executive Officer of Brookdale Senior Living
“During the third quarter, we continued to make significant progress against our key objectives, and we experienced improvement in occupancy, rate, net loss, and Adjusted EBITDA.”
Nick Stengle, Chief Executive Officer of Brookdale Senior Living
“While we achieved our quarterly plan for Adjusted EBITDA, we fell short of our RevPAR goal due to slower occupancy growth, particularly late in the quarter.”
Nick Stengle, Chief Executive Officer of Brookdale Senior Living
“Based primarily on third quarter occupancy carryover, additional marketing investments to bolster internal lead generation, and the expected revenue and expense impact of the recent fire at our 97-unit Clinton, Mississippi community, we are revising our 2026 guidance to Adjusted EBITDA of $495 million to $502 million and RevPAR growth of 7.4% to 7.9%.”
Nick Stengle, Chief Executive Officer of Brookdale Senior Living
“We remain excited about our ability to address the compelling senior housing opportunity ahead of us, and we believe we remain well-positioned for longer-term Adjusted EBITDA growth in the mid-teens range.”
BRENTWOOD, Tenn., Nov. 6, 2026 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced results for the quarter ended September 30, 2026.
* Net loss for the third quarter of 2026 was $13.9 million compared to $114.7 million for the third quarter of 2025. Adjusted EBITDA((1)()) of $124.3 million for the third quarter of 2026 grew 12.0% over the third quarter of 2025. * Increased third quarter 2026 consolidated revenue per available unit (RevPAR) by 7.5% year-over-year. * Improved third quarter 2026 consolidated weighted average occupancy by 130 basis points year-over-year to 83.1%. * Completed acquisition of 17 communities and announced agreement to purchase an additional 30 leased communities. * Received approximately $180 million of cash proceeds for communities sold in 2026 to date. * Updated full year 2026 guidance to $495 million to $502 million of Adjusted EBITDA and RevPAR year-over-year growth of 7.4% to 7.9%. "During the third quarter, we continued to make significant progress against our key objectives, and we experienced improvement in occupancy, rate, net loss, and Adjusted EBITDA," said Nick Stengle, Brookdale's Chief Executive Officer. "While we achieved our quarterly plan for Adjusted EBITDA, we fell short of our RevPAR goal due to slower occupancy growth, particularly late in the quarter. Based primarily on third quarter occupancy carryover, additional marketing investments to bolster internal lead generation, and the expected revenue and expense impact of the recent fire at our 97-unit Clinton, Mississippi community, we are revising our 2026 guidance to Adjusted EBITDA of $495 million to $502 million and RevPAR growth of 7.4% to 7.9%. We remain excited about our ability to address the compelling senior housing opportunity ahead of us, and we believe we remain well-positioned for longer-term Adjusted EBITDA growth in the mid-teens range."
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