Brookdale Senior Living Inc. reported a 27% increase in Adjusted EBITDA for the first quarter compared to the previous year, showcasing significant growth in their financial performance. The company also achieved a positive Adjusted Free Cash Flow in a period that is historically negative, improving by $30 million over the prior year. The first quarter saw a consolidated weighted average occupancy growth of 140 basis points over the previous year, marking a notable acceleration from fourth-quarter performance. Brookdale experienced 12% more move-ins and 3% fewer move-outs than the historical average for communities in a comparable group. The company reported a net loss of $65.0 million for the first quarter of 2025. However, Brookdale highlighted its continued capital structure simplification through early settlement of Tangible Equity Unit purchase contracts. The company was also recognized by U.S. News & World Report for having more communities listed as 'best of' than any other senior living provider for the fourth consecutive year. Additionally, Brookdale was named a Most Loved Workplace by Newsweek for the second consecutive year. The company indicates significant growth potential through continued occupancy increases and improved fixed-cost leverage, supported by ongoing productivity improvements. Brookdale aims to own 75% of consolidated units by the end of 2025, enhancing its intrinsic value through substantial real estate assets.
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