Brookdale Senior Living Reports FY25 Preliminary Revenue ~$3.2B

Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced preliminary results for the year ended December 31, 2025 and introduced full year 2026 annual guidance that will be discussed during the Company's Investor Day event on January 30, 2026 in Nashville, Tennessee.

• Revenue for the year ended December 31, 2025 is expected to be approximately $3.2 billion, impacted by the previously announced dispositions and lease transitions, compared to $3.1 billion for the year ended December 31, 2024.
• RevPAR year-over-year growth for the year ended December 31, 2025 is expected to be approximately 5.7%, which is above the midpoint of the Company's previously announced guidance range.
• Net income (loss) for the year ended December 31, 2025 is expected to be a net loss of approximately $263 million, including non-cash impairment charges of approximately $71 million primarily related to planned dispositions, compared to a $202 million net loss for the year ended December 31, 2024, which includes non-cash impairment charges of approximately $8 million.
• Adjusted EBITDA(1) for the year ended December 31, 2025 is expected to be approximately $458 million, which is an approximate 19% increase from the year ended December 31, 2024, and is above the midpoint of the Company's previously announced guidance range.
• Adjusted Free Cash Flow(2) for the year ended December 31, 2025, while still significantly positive for the full year, is expected to be below the previously provided guidance range of $30 million to $50 million(2) due to changes in working capital.