The company reported an 8.2% year-over-year increase in consolidated revenue per available unit, while weighted average occupancy rose to 82.4%. CEO Nick Stengle attributed these gains to the firm's ongoing efforts to optimize performance as the baby boom generation enters the senior housing market. Adjusted EBITDA reached $122 million, a 4.3% increase over the previous year, keeping the company on track to meet its full-year guidance of $502 million to $516 million.
Brookdale Senior Living Swings to Profit as Occupancy Climbs
Brookdale Senior Living posted a net income of $23 million for the second quarter of 2026, marking a sharp recovery from the $43 million loss recorded during the same period last year. The Brentwood-based operator credited the turnaround to improved community occupancy and a strategic shift in its real estate portfolio.
Brookdale is aggressively reshaping its holdings to bolster its balance sheet. The company recently refinanced all mortgage debt maturing in 2027 and announced plans to acquire 17 previously leased communities for $157 million. These moves are designed to increase the firm's owned portfolio at prices below replacement cost, which executives believe will provide a long-term boost to earnings. Despite these capital-intensive acquisitions, the company maintains a strong liquidity position, reporting $565.8 million in total liquidity as of June 30.
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