Brookdale Senior Living Investor Day: 2026 EBITDA guide tops $500M as occupancy climbs back toward 85%

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Sat, January 31, 2026 astatine 12:33 PM CST 7 min read

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Brookdale guided 2026 to $502–516 cardinal adjusted EBITDA with RevPAR maturation of 8–9%, gathering connected preliminary 2025 results of conscionable implicit $3 cardinal gross and $458 cardinal adjusted EBITDA portion same‑community occupancy ended 2025 astatine 83.5% (spot 84.5% year‑end); absorption expects to surpass pre‑COVID 84.5% occupancy successful 2026.
Management projects mid‑teen annualized adjusted EBITDA maturation for the ongoing portfolio and aims to chopped balance‑sheet nett leverage to below 6x by end‑2028, highlighting a absorption connected currency procreation and deleveraging.
Brookdale has reset its operating exemplary into six regions and is investing successful staffing and signature attraction programs (HealthPlus, Optimum Life, Clare Bridge) to amended execution, portion citing demographic tailwinds and expected senior‑housing proviso constraints arsenic request drivers.
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Brookdale Senior Living (NYSE:BKD) utilized its 2026 Investor Day to outline multi-year maturation targets tied to occupancy recovery, pricing discipline, and a revamped operating operation aimed astatine improving execution astatine the section level. Company leaders highlighted preliminary 2025 results, 2026 guidance, and what they described arsenic favorable manufacture supply-and-demand dynamics arsenic the archetypal question of Baby Boomers turns 80.

Chief Executive Officer Nick Stengle said Brookdale generated “just implicit $3 billion” of gross successful 2025 and $458 cardinal of adjusted EBITDA, which helium said bushed the midpoint of upgraded guidance. Same-community occupancy ended 2025 astatine a 83.5% weighted mean for the 4th quarter, with a spot occupancy of 84.5% astatine year-end. Stengle emphasized the company’s “stabilized, consolidated” go-forward footprint of 517 communities, a fig helium said should beryllium reached by mid-2026 pursuing lease exits, renegotiations, and plus dispositions.

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Chief Financial Officer Dawn Kussow said the company’s 2025 adjusted EBITDA roseate 19% twelvemonth implicit twelvemonth and that Brookdale achieved adjusted escaped currency travel positivity for the twelvemonth “for the archetypal clip since the pandemic,” with some the owned and leased portfolios generating affirmative currency flow. Kussow besides said consolidated RevPAR accrued 5.7% successful 2025, driven by 230 ground points of weighted mean occupancy gains and a 2.7% year-over-year summation successful RevPOR (pricing).

For 2026, absorption guided to RevPAR maturation of 8% to 9% and adjusted EBITDA of $502 cardinal to $516 million. Stengle and Kussow besides pointed to a multi-year projection of “mid-teen annualized growth” successful adjusted EBITDA for the ongoing portfolio, with a nett leverage people of beneath 6x by the extremity of 2028. Kussow said the leverage people is based connected equilibrium expanse nett indebtedness and excludes off-balance-sheet operating leases.