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Stock impact report

Brookdale Senior Living Q2 affected by transactions as part of turnaround [Seeking Alpha]

Brookdale Senior Living Inc. (BKD) 
Last brookdale senior living inc. earnings: 2/18 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
Brookdale Senior Living (NYSE: BKD ) Q2 loss per share widenst to 88 cents vs loss 25 cents a year ago. Q2 total revenue fell to $1.16B from $1.19B a year ago. The quarter's net loss included a $146.5M loss on lease termination and modification for lease restructuring and termination transactions completed during the quarter. Q2 same-community revenue per occupied unit increased 0.9% Y/Y. Excluding transaction and organizational restructuring costs, adjusted EBITDA was $147.2M, a slight increase from Q1. In the second quarter, we announced mutually beneficial agreements with Ventas and Welltower and continued to advance our owned real estate strategy. Operationally, I am especially pleased that we reduced controllable move outs and we saw occupancy turn slightly positive from May into June, says President and CEO Lucinda Baier. BKD  in after-hours trading. Guidance adjusted: Brookdale is adjusting full-year 2018 guidance for adjusted EBITDA--excluding transaction a Show less Read more
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