NYSE$BKD

Brookdale Senior Living Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Brookdale's Q4 2021 performance was marked by revenue growth and strategic financial transactions.

Brookdale Senior Living Inc. reported a 4% increase in fourth-quarter revenue per available unit (RevPAR) compared to the prior year quarter, driven by an 80 basis point increase in occupancy. The company's liquidity was strengthened by two significant financing transactions during the quarter. Ten months of sequential weighted average occupancy growth was achieved and rate growth and discipline was maintained.

  • Fourth quarter revenue per available unit (RevPAR) increased approximately 4% compared to the prior year quarter, including an 80 basis point increase in occupancy.
  • Fourth quarter consolidated weighted average occupancy grew 100 basis points sequentially.
  • Liquidity of $537 million strengthened by two significant fourth quarter financing transactions.
  • Completed one or more booster clinics for each of communities, which can provide residents incremental protection.

Headline financials

Total Revenue

$644M

Previous: $852M-24.4%
EPS (adj)

-$0.44

Previous: -$0.24-83.3%
Adjusted EBITDA

$35.8M

No prior period
Capital Expenditures

$50.8M

Previous: $45.2M+12.5%
Free Cash Flow

-$132M

Previous: $28.3M-566.9%
Net Income

-$81.7M

Previous: -$44.1M-85.1%
Operating Income

-$54M

Previous: $2.5M-2258.1%
Gross Profit

$121M

Previous: $111M+8.7%
Cash & Equivalents

$347M

Previous: $380M-8.8%
Total Assets

$6.41B

Previous: $6.9B-7.1%
Stock-Based Comp

$3.39M

Previous: $2.54M+33.8%

Revenue & EPS history

Brookdale · Revenue · Quarterly

$644M

Q4 2021-24.4%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Brookdale · $2.57M total across 1 segment · Q3 2023

  • Management fees
    $2.57M-13.5%

Forward guidance

For the full year 2022, the Company is providing RevPAR growth of 10% - 12% and Adjusted EBITDA of $240 million - $260 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.4%

Avg return

Earnings day

+1.0%

Avg return

5 days after

-2.3%

Avg return

30 days after

42%

27 / 64 earnings

Positive

+22.1%

Q2 2023

Best reaction

-23.4%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%-8.6%-13.0%
Q4 2025-9.7%-7.2%-17.0%
Q3 2025-1.5%+10.1%+16.3%
Q1 2025-2.4%+1.3%-1.0%
Q4 2024+2.6%+6.4%+13.6%
Q3 2024-8.9%-8.5%-11.3%
Q2 2024-5.2%-2.6%-6.3%
Q1 2024-4.1%-3.3%-9.3%
Q4 2023-10.9%-14.4%+5.3%
Q3 2023+6.5%+1.0%+25.4%
Q2 2023+22.1%+12.0%+5.9%
Q1 2023+0.3%-5.6%+1.8%
Q4 2022+8.8%+7.2%-23.5%
Q3 2022-0.2%+11.9%-31.2%
Q2 2022+8.9%+16.9%+3.5%
Q1 2022-3.9%-5.1%-11.4%
Q4 2021+15.3%+16.8%+23.9%
Q3 2021+14.2%+8.3%-12.4%
Q2 2021-2.8%-7.9%-3.5%
Q1 2021+10.9%+8.2%+2.9%
Q4 2020+17.8%+15.4%+23.3%
Q3 2020-14.3%+21.5%+38.3%
Q2 2020-3.0%-6.6%-8.6%
Q1 2020-5.9%+1.6%+30.5%
Q4 2019+21.1%+15.3%-70.6%
Q3 2019-3.5%-2.4%-3.7%
Q2 2019+2.8%+5.3%+4.5%
Q1 2019+9.8%+9.6%-3.1%
Q4 2018-13.3%-11.9%-14.8%
Q3 2018+4.2%-0.3%-5.5%
Q2 2018-4.0%-7.7%+12.5%
Q1 2018+6.7%+4.9%+21.5%
Q4 2017-23.4%-23.5%-23.3%
Q3 2017-15.7%-2.1%-2.3%
Q2 2017-1.7%-4.6%-12.0%
Q1 2017-0.1%+8.6%+3.7%
Q4 2016-1.4%-5.1%-19.0%
Q3 2016-17.3%-13.4%-21.9%
Q2 2016+4.3%-1.3%+3.3%
Q1 2016+0.0%
Q4 2015-21.0%
Q3 2015+3.0%
Q2 2015-7.5%
Q1 2015+3.0%
Q4 2014-0.7%
Q3 2014+1.3%
Q2 2014-1.2%
Q1 2014-1.0%
Q4 2013+6.8%
Q3 2013+6.2%
Q2 2013-0.3%
Q1 2013+9.3%
Q4 2012-3.1%
Q3 2012+2.1%
Q2 2012+2.3%
Q1 2012-3.1%
Q4 2011-1.8%
Q3 2011-6.7%
Q2 2011-6.1%
Q1 2011+3.8%
Q4 2010+1.3%
Q3 2010-5.7%
Q2 2010-2.2%
Q1 2010-8.7%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro