BKD · Brookdale Senior Living Inc.

Brookdale Senior Living Inc. disclosed strong occupancy performance in its March 2026 monthly update via Exhibit 99.1 press release. Consolidated weighted average occupancy for the first quarter ended March 31, 2026 reached 82.1%, reflecting a 280 basis point improvement from 79.3% in the prior year first quarter. This growth underscores effective operational execution amid seasonal pressures. March specifically delivered 82.0% weighted average occupancy, up 250 basis points year-over-year from 79.5%, with month-end occupancy advancing sequentially to 83.3%. Same community results were also positive, with March weighted average occupancy at 82.5%, a 130 basis point gain from 81.2% last year. The sequential first quarter decline of 40 basis points was milder than the historical average of 60 basis points, attributed to annual factors like winter weather, illnesses, rate changes, and holidays. Management notes the strongest historical growth period occurs from May through September. As of March 31, 2026, Brookdale operates 568 communities across 41 states with capacity for approximately 51,000 residents, positioning it as a leading senior living operator. These occupancy gains signal improving demand and pricing power, critical for revenue growth in the sector. Investors should monitor continuation into the peak season, though forward-looking statements highlight risks including financing challenges and market disruptions detailed in SEC filings.