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Brookdale Senior Living (BKD)

Brookdale Senior Living Inc. is the leading operator of senior living communities throughout the United States. The Company is committed to providing senior living solutions primarily within properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. Brookdale operates and manages independent living, assisted living, memory care and continuing care retirement communities, with 726 communities in 44 states and the ability to serve approximately 65,000 residents as of September 30, 2020. The Company also offers a range of home health, hospice and outpatient therapy services to over 17,000 patients as of that date. Brookdale's stock is traded on the New York Stock Exchange under the ticker symbol BKD.

Company profile

Ticker
BKD
Exchange
CEO
Lucinda Baier
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Abingdon Place of Gastonia Limited Partnership • AH Battery Park Owner, LLC • AH Illinois Huntley Member, LLC • AH Illinois Huntley Owner, LLC • AH Illinois Owner, LLC • AH North Carolina Owner, LLC • AH Ohio Columbus Owner, LLC • AH Pennsylvania Owner, LP • AH Texas CGP, Inc. • AH Texas Owner Limited Partnership ...
IRS number
203068069

BKD stock data

Analyst ratings and price targets

Last 3 months

Calendar

8 Aug 22
26 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 328.54M 328.54M 328.54M 328.54M 328.54M 328.54M
Cash burn (monthly) 16.65M 4.78M 27.7M 8.39M (no burn) 7.16M
Cash used (since last report) 48.04M 13.79M 79.91M 24.21M n/a 20.64M
Cash remaining 280.5M 314.75M 248.63M 304.34M n/a 307.9M
Runway (months of cash) 16.8 65.8 9.0 36.3 n/a 43.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 May 22 Jaclyn C Pritchett Common Stock Payment of exercise Dispose F No No 5.48 375 2.06K 51,952
1 Mar 22 Lucinda M Baier Common Stock Sell Dispose S No No 6.7559 73,991 499.88K 1,717,661
27 Feb 22 George T Hicks Common Stock Payment of exercise Dispose F No No 7 8,964 62.75K 262,117
27 Feb 22 Dawn L Kussow Common Stock Payment of exercise Dispose F No No 7 9,699 67.89K 96,311
92.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 159 159
Opened positions 25 15 +66.7%
Closed positions 25 10 +150.0%
Increased positions 49 42 +16.7%
Reduced positions 60 67 -10.4%
13F shares Current Prev Q Change
Total value 264.3M 227.7M +16.1%
Total shares 26.93M 24.3M +10.8%
Total puts 66.2K 63.8K +3.8%
Total calls 324.1K 296.7K +9.2%
Total put/call ratio 0.2 0.2 -5.0%
Largest owners Shares Value Change
BLK Blackrock 5.53M $54.21M +0.3%
Vanguard 2.7M $26.5M -0.2%
STT State Street 1.68M $16.49M +2.8%
Soviero Asset Management 1.11M $10.89M +14.4%
1060 Capital Opportunity Fund 1.1M $10.75M NEW
1060 Capital 1.1M $10.75M +91.0%
LSV Asset Management 803.38K $7.88M +2.1%
LDR Capital Management 622.56K $6.11M +106.5%
MS Morgan Stanley 584.33K $5.73M +234.2%
Geode Capital Management 580.31K $5.69M -6.4%
Largest transactions Shares Bought/sold Change
1060 Capital Opportunity Fund 1.1M +1.1M NEW
BMO Bank of Montreal 566.7K +547.32K +2823.8%
1060 Capital 1.1M +522.39K +91.0%
Parametric Portfolio Associates 0 -455.08K EXIT
MS Morgan Stanley 584.33K +409.5K +234.2%
LDR Capital Management 622.56K +321.05K +106.5%
EAM Investors 247.46K +247.46K NEW
BAM Brookfield Asset Management 93.08K -218.01K -70.1%
Natixis 550K +200K +57.1%
D. E. Shaw & Co. 57.58K -182.79K -76.0%

Financial report summary

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Management Discussion
  • We use the operating measures described below in connection with operating and managing our business and reporting our results of operations.
  • •Senior housing operating results and data presented on a same community basis reflect results and data of a consistent population of communities by excluding the impact of changes in the composition of our portfolio of communities. The operating results exclude natural disaster expense and related insurance recoveries. We define our same community portfolio as communities consolidated and operational for the full period in both comparison years. Consolidated communities excluded from the same community portfolio include communities acquired or disposed of since the beginning of the prior year, communities classified as assets held for sale, certain communities planned for disposition, certain communities that have undergone or are undergoing expansion, redevelopment, and repositioning projects, and certain communities that have experienced a casualty event that significantly impacts their operations. Our management uses same community operating results and data for decision making, and we believe such results and data provide useful information to investors, because it enables comparisons of revenue, expense, and other operating measures for a consistent portfolio over time without giving effect to the impacts of communities that were not consolidated and operational for the comparison periods, communities acquired or disposed during the comparison periods (or planned for disposition), and communities with results that are or likely will be impacted by completed or in-process development-related capital expenditure projects.
  • •RevPAR, or average monthly senior housing resident fee revenue per available unit, is defined as resident fee revenue for the corresponding portfolio for the period (excluding revenue from our former Health Care Services segment, revenue for private duty services provided to seniors living outside of our communities, and entrance fee amortization), divided by the weighted average number of available units in the corresponding portfolio for the period, divided by the number of months in the period. We measure RevPAR at the consolidated level, as well as at the segment level with respect to our Independent Living, Assisted Living and Memory Care, and CCRCs segments. Our management uses RevPAR for decision making, and we believe the measure provides useful information to investors, because the measure is an indicator of senior housing resident fee revenue performance that reflects the impact of both senior housing occupancy and rate.

Content analysis

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Positive
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Legalese
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Readability
H.S. junior Avg
New words: bps, workforce
Removed: assessing, booster, decline, eligibility, fourth, hedging, imposed, initial, permissible, Prevention, seeking, sequential, Update, vaccine