Brookdale Senior Living Inc. reported a total revenue of $3.19 billion for the fiscal year ending December 31, 2025, marking a 2.2% increase from $3.13 billion in 2024. The company's resident fees rose to $3.04 billion, up from $2.97 billion, driven by a 5.1% increase in same-community revenue per available room (RevPAR). However, the company also experienced a net loss of $262.7 million, compared to a loss of $202 million in the previous year, largely due to increased impairment charges and operational costs.
In terms of operational metrics, Brookdale managed 584 communities across 41 states, with a capacity to serve approximately 51,000 residents. The company owned 370 communities, leased 178, and managed 36. The weighted average occupancy rate improved to 82.2% from 80.0% in 2024, reflecting a recovery in demand post-pandemic. The company also reported a significant increase in Adjusted EBITDA, which rose by 18.5% to $457.8 million, attributed to higher resident fees and reduced cash facility operating lease payments.
Strategically, Brookdale has been active in acquisitions and dispositions. In 2025, the company completed the acquisition of 25 senior living communities from Diversified Healthcare Trust for $135 million and five communities from Welltower for $175 million. Additionally, Brookdale executed a capital recycling program, selling 12 owned communities for $26.1 million and terminating leases on 58 communities. The company plans to sell 29 more communities in 2026, which it estimates will generate approximately $200 million in proceeds.
The company’s workforce comprised around 33,000 associates as of December 31, 2025, with efforts ongoing to reduce turnover and enhance employee engagement. Brookdale's financial health remains under scrutiny, particularly due to its significant debt load of $4.3 billion, with a weighted average interest rate of 5.06%. The company is focused on maintaining liquidity, which stood at $377.7 million at year-end, and is committed to managing its capital expenditures effectively to support ongoing operations and strategic initiatives.
Looking ahead, Brookdale anticipates continued growth in occupancy and revenue, driven by favorable demographic trends and a lower supply of new senior living communities. However, the company acknowledges potential risks, including economic downturns that could affect residents' ability to pay fees, regulatory changes, and increased competition in the senior living market. The company remains committed to enhancing its healthcare and wellness offerings, leveraging technology, and exploring further growth opportunities through acquisitions and expansions.
About Brookdale Senior Living Inc.
Brookdale Senior Living Inc. operates and manages a nationwide network of senior living communities across 41 states, offering independent living, assisted living, memory care, and continuing care retirement communities. Serving primarily seniors aged 75 and older, Brookdale provides a broad continuum of personalized care and services that enable aging in place. Its large-scale, geographically diverse portfolio and integrated healthcare approach support operational efficiencies and partnerships with healthcare providers, enhancing resident wellness and experience.
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