Reports Q4 revenue $700.58M, consensus $695.97M. Reports FY22 consolidated RevPAR increased 10.1% year-over-year. "I believe 2022 was a year of growth and continued recovery for Brookdale in several areas of the business," said Lucinda Baier, Brookdale’s President and CEO. "We delivered RevPAR growth of just over 10% and continued our positive occupancy momentum. We are optimistic that our recovery will continue in 2023 and in January have seen stronger than expected move-in results. As I think about 2023, we have many improvement opportunities and will be taking an extremely focused approach to improve our operating results, while continuing to provide high quality care and personalized service, and earn our residents’ trust and satisfaction as we further drive our occupancy recovery."
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BKD:
- Brookdale Announces Fourth Quarter and Full Year 2022 Results
- Brookdale Senior Living downgraded to Hold from Buy at Stifel
- Brookdale expects 2022 revenue, operating income to exceed expectations
- Brookdale Senior Living CFO Steven Swain to depart, Dawn Kussow to succeed
- Brookdale Announces Leadership Changes and Provides Preliminary Views on the Full Year 2022 Financial Expectations
