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EarningsQ2 2026 Earnings Report
BKD Q2 2026 EPS Results
Actual EPS$0.10
Consensus EPS-$0.06
Beat/MissBeat by +$0.16
One Year Ago EPS-$0.18
BKD Q2 2026 Revenue Results
Actual Revenue$718.58M
Expected Revenue$735.63M
Beat/MissMissed by -$17.05M
YoY Revenue Growth-11.61%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeAfter Close
Conference CallMonday, August 10, 2026
BKD Upcoming Earnings
Brookdale Senior Living's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
BKD Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call was constructive and cautiously optimistic. Management reported solid RevPAR (+8.2% YoY), modest adjusted EBITDA growth (+4.3% YoY in Q2) and positive adjusted free cash flow, while proactively strengthening liquidity and refinancing near-term maturities. They reaffirmed full‑year guidance and outlined clear execution actions (sales leadership hire, First Impressions reinvestments, selective acquisitions, and cost actions) to accelerate results in H2. Key challenges remain — occupancy growth lagged internal expectations in Q2, resident fees declined due to unit base reductions, some operating expenses were elevated, and leverage, though improved, is still above target. On balance, the positives and execution plans materially outweigh the near-term operational headwinds.Company Guidance
Strong RevPAR Growth and Guidance Reaffirmed
Consolidated RevPAR increased 8.2% in Q2 2026 (in line with company pacing). Management reaffirmed full-year RevPAR guidance of 8%–9% and expects RevPAR acceleration in H2 2026.
Adjusted EBITDA Improvement and 2026 Guidance
Q2 adjusted EBITDA of $122.1 million, up 4.3% year-over-year and slightly ahead of consensus. Company reiterated 2026 adjusted EBITDA guidance of $502 million to $516 million and expects sequential EBITDA acceleration (low double-digit YoY growth in Q3 and above mid-teens YoY growth in Q4).
Occupancy Momentum (July Acceleration)
Consolidated occupancy of 82.4% in Q2, up 230 basis points YoY; same-community occupancy 82.9% (up 110 bps YoY). July showed sequential acceleration with same-community up ~30 bps and consolidated month-end up ~40 bps sequentially, representing the 57th consecutive month of YoY occupancy growth.
Rate Strength (RevPOR) and Pricing Discipline
Consolidated RevPOR rose 5.2% YoY (same-community RevPOR ~4.1%). Management emphasized disciplined in-place and market rate increases supporting RevPAR and expects RevPOR to remain firm through H2.
Labor Productivity and Expense Control
Same-community labor expense improved to 45.2% of revenue from 46.1% year-ago (company cited a 90 bps YoY improvement in labor as a percentage of revenue). Management expects further sequential labor % improvement in Q3 and Q4 driven by operational efficiencies.
Stronger Liquidity and Proactive Balance Sheet Management
Total liquidity increased to $566 million (from $369 million prior quarter). Annualized leverage improved to 8.4x from 8.8x. Company completed financings to address 2027 maturities (new non‑recourse mortgages, increased $200M revolver, later $249M fixed-rate financing to retire remaining 2027 maturities); no remaining maturities until 2028.
Positive Adjusted Free Cash Flow
Q2 adjusted free cash flow was +$38.2 million; company is meaningfully positive for the year and expects FY adjusted free cash flow materially above prior year ($23 million in 2025).
Targeted Portfolio Actions: Acquisitions and Reinvestment
Acquired Brookdale Galleria (244 units) for ~$23.4M (substantially below replacement cost, < $100k/unit) and announced planned acquisition of 17 leased communities (735 units) for ~$157M (~$214k/unit) expected to close in Q4 and add roughly $11M to 2027 adjusted EBITDA. Increased community reinvestment (First Impressions program: ~30 projects in 2026, average $500k–$600k each; H2 pace ~2x H1).
BKD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed