Brookdale Senior Living Posts $40M Q4 Loss, 7.1% RevPAR Growth
Brookdale Senior Living posted a fourth-quarter net loss of $40 million, or $0.17 per share, on $754.1 million in revenue while improving adjusted EBITDA 7.1% to $105.6 million. Full-year 2025 results showed a $262.7 million loss on $3.19 billion revenue, 7.1% RevPAR growth and refinancing $550 million of mortgage debt.
1. Fourth Quarter Financial Results
Brookdale recorded a fourth-quarter net loss of $40 million, or $0.17 per share, on revenue of $754.1 million. Adjusted EBITDA rose 7.1% to $105.6 million, driven by a 310 basis-point occupancy gain to 82.5% and a 7.1% increase in RevPAR to $5,219.
2. Full Year Performance
For full-year 2025, the company reported a net loss of $262.7 million on $3.19 billion in revenue, with Adjusted EBITDA reaching $458 million. Consolidated RevPAR rose 5.7%, surpassing the midpoint of guidance and reflecting strong move-in volume.
3. Operational Metrics and Occupancy Trends
In same-community operations, RevPAR increased 5.0% to $5,295 and weighted average occupancy climbed 250 basis points to 83.5%. January 2026 weighted average occupancy slightly declined to 82.3%, influenced by normal seasonal trends and winter storm–related move-in delays.
4. Balance Sheet and Refinancing
Brookdale refinanced approximately $350 million of 2026 mortgage maturities and $200 million of 2027 maturities, bolstering its balance sheet. The reduced near-term debt obligations support the company’s guidance for mid-teens Adjusted EBITDA growth in 2026.