Senior Housing News May 16, 2024
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Last week, Brookdale Senior Living (NYSE: BKD) reported that the company had reached its highest operating margins since the pandemic began.
The company’s adjusted operating margin was 27.6% as of the first quarter of the year, which is higher than the 25.6% operating margin the company reported for the same quarter in 2023. Higher revenue per available room was a big reason why, according to CEO Cindy Baier.
“This represents an important milestone on our road to pre-pandemic margins,” Baier said this week during the company’s first-quarter earnings call.
Other publicly traded senior living companies also reported margins have grown since the start of the year. REITs Welltower (NYSE: WELL) and Ventas...
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