Brookdale Announces Third Quarter 2018 Results
Brookdale Senior Living Inc. (BKD)
Last brookdale senior living inc. earnings: 2/18 04:15 pm
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phx.corporate-ir.net/phoenix.zhtml?c=193337&p=irol-irhome
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Source: PR Newswire
NASHVILLE, Tenn., Nov. 5, 2018 /PRNewswire/ -- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced results for the quarter ended September 30, 2018.Third Quarter 2018 Highlights:Same community Revenue per Occupied Unit (RevPOR) increased 1.3% and same community Revenue per Available Unit (RevPAR) increased 0.2% compared to the third quarter of 2017. Same community weighted average occupancy improved 20 basis points on a sequential basis, which was slightly better than the industry, as reported by NIC. The Company made significant progress on its real estate strategy by completing the sale of Brookdale Battery Park at an approximate 5% cap rate subsequent to quarter end. The Company will continue to manage the community under a management agreement.Lucinda ("Cindy") Baier, Brookdale's President and CEO, said "For the third quarter on a sequential basis, we were pleased to have outperformed the industry in occupancy growth. On a year-over-year basis, senior
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