Brookdale expects 2022 revenue, operating income to exceed expectations

Based on the Company’s preliminary, unaudited 2022 financial results, the Company expects: Full-year guidance for RevPAR growth will be achieved; Full-year Adjusted EBITDA will be modestly below the previously issued guidance range. Compared to the Company’s previous estimates, the Company now expects: Total revenue and other operating income to exceed expectations; Facility operating expenses to increase slightly above 1% in the fourth quarter relative to the third quarter, which compares to the Company’s prior expectation for slight sequential improvement versus the third quarter.