Brookdale Senior Living reports June occupancy

Brookdale Senior Living reported its consolidated occupancy for June. June 2024 Observations: June weighted average occupancy increased 140 basis points over the prior year to 78.2%; June year-over-year growth was supported by move-in volumes above pre-pandemic average and comparable to the prior year period, and move-outs below the prior year period, as adjusted for dispositions; Sequentially, June weighted average occupancy grew 10 basis points while June month end occupancy grew 20 basis points, supporting a second quarter 2024 weighted average sequential occupancy increase of 20 basis points compared to the Q1; Both June and second quarter weighted average occupancy results reflected a continued outperformance versus pre-pandemic normal seasonality; Q2 weighted average occupancy increased 160 basis points compared to the prior year quarter.