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Brookdale Senior Living Inc (BKD.N)

BKD.N on New York Stock Exchange

7.71USD
23 Jul 2019
Change (% chg)

$0.12 (+1.58%)
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Latest Key Developments (Source: Significant Developments)

Brookdale Senior Living Reports Q4 Same Store Sales Rise of 0.3 Pct
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - Brookdale Senior Living Inc ::BROOKDALE MAKES FURTHER PROGRESS ON TURNAROUND STRATEGY ANNOUNCED IN EARLY 2018; ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 REVENUE $1.07 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.07 BILLION.Q4 SAME STORE SALES ROSE 0.3 PERCENT.SEES 2019 ADJUSTED EBITDA, EXCLUDING TRANSACTION COSTS $400 TO $425 MILLION.QTRLY BASIC AND DILUTED NET INCOME PER SHARE $ 0.70.QTRLY RESIDENT FEES DECREASED 11.0% FROM Q4 OF 2017 TO $806.8 MILLION..  Full Article

Brookdale Senior Living Reports Qtrly Shr Of $0.70
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - Brookdale Senior Living Inc ::BROOKDALE MAKES FURTHER PROGRESS ON TURNAROUND STRATEGY ANNOUNCED IN EARLY 2018; ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 REVENUE $1.07 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.07 BILLION.SEES 2019 ADJUSTED EBITDA, EXCLUDING TRANSACTION COSTS $400 TO $425 MILLION.QTRLY BASIC AND DILUTED NET INCOME PER SHARE $0.70.QTRLY RESIDENT FEES DECREASED 11.0% FROM Q4 OF 2017 TO $806.8 MILLION..Q4 SAME COMMUNITY REVENUE & REVPAR FOR CONSOLIDATED SENIOR HOUSING PORTFOLIO ROSE 0.3 PERCENT.  Full Article

Brookdale Completes Financing Transactions Extends Maturities And Lowers Credit Facility Borrowing Costs
Wednesday, 12 Dec 2018 

Dec 11 (Reuters) - Brookdale Senior Living Inc ::BROOKDALE COMPLETES FINANCING TRANSACTIONS; EXTENDS MATURITIES AND LOWERS CREDIT FACILITY BORROWING COSTS.BROOKDALE SENIOR LIVING - ON DEC 5, ENTERED INTO AMENDED & RESTATED CREDIT AGREEMENT.BROOKDALE SENIOR LIVING - AMENDED AGREEMENT REPLACED CO'S FORMER CREDIT AGREEMENT & EXTENDED MATURITY DATE FROM JAN 3, 2020 TO JAN 3, 2024.BROOKDALE SENIOR LIVING - AMENDED AGREEMENT PROVIDES COMMITMENTS FOR $250 MILLION REVOLVING CREDIT FACILITY.BROOKDALE SENIOR LIVING - AMENDED AGREEMENT ALSO PROVIDES AN ACCORDION OPTION TO INCREASE REVOLVING CREDIT FACILITY BY ADDITIONAL $100 MILLION.  Full Article

Ventas To Acquire Distinctive Seniors Housing Community In Manhattan
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Ventas Inc ::VENTAS TO ACQUIRE DISTINCTIVE SENIORS HOUSING COMMUNITY IN MANHATTAN.VENTAS INC - DEAL FOR APPROXIMATELY $194 MILLION.VENTAS INC - TO ACQUIRE PREMIER SENIORS HOUSING COMMUNITY FROM BROOKDALE SENIOR LIVING.VENTAS INC - BROOKDALE SENIOR LIVING TO OPERATE COMMUNITY UNDER MANAGEMENT CONTRACT ON CLOSING OF DEAL.  Full Article

Brookdale To Sell Brookdale Battery Park
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Brookdale Senior Living Inc ::PRESS RELEASE - BROOKDALE AGREES TO SELL BROOKDALE BATTERY PARK; WILL CONTINUE TO MANAGE THE PREMIER MANHATTAN COMMUNITY FOLLOWING CLOSING.BROOKDALE SENIOR LIVING INC - TO SELL BROOKDALE BATTERY PARK INDEPENDENT LIVING COMMUNITY FOR ABOUT $194 MILLION TO VENTAS INC.BROOKDALE SENIOR LIVING INC - COMPANY EXPECTS PROCEEDS FROM SALE OF THIS COMMUNITY TO BE APPROXIMATELY $140 MILLION.BROOKDALE SENIOR LIVING INC - VENTAS HAS SELECTED BROOKDALE TO MANAGE COMMUNITY UNDER A SEPARATE MANAGEMENT AGREEMENT FOLLOWING CLOSING OF SALE.  Full Article

Land & Buildings Urges Brookdale Senior Shareholders To "Press For Substantial Real Estate Monetization"
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Brookdale Senior Living Inc ::LAND & BUILDINGS SENDS OPEN LETTER TO BROOKDALE SENIOR LIVING SHAREHOLDERS.LAND AND BUILDINGS INVESTMENT MANAGEMENT SAYS URGES BROOKDALE SENIOR SHAREHOLDERS TO "PRESS FOR SUBSTANTIAL REAL ESTATE MONETIZATION".LAND & BUILDINGS SAYS BROOKDALE'S REAL ESTATE IS LIKELY VALUED AT $7-$8 BILLION, $16-$19 PER SHARE NET.LAND & BUILDINGS SAYS BROOKDALE'S BOARD SHOULD "AGGRESSIVELY" SELL ASSETS.LAND & BUILDINGS SAYS BROOKDALE SHOULD "IMMEDIATELY" SELL PORTFOLIOS OF $500 MILLION TO $1 BILLION.LAND & BUILDINGS SAYS URGE BROOKDALE SHAREHOLDERS TO PRESS BOARD FOR ANNUAL MEETING TO INCLUDE &/OR REFLECT MORE SHAREHOLDER-FRIENDLY GOVERNANCE CHANGES.LAND & BUILDINGS SAYS BROOKDALE'S BOARD SHOULD ALSO PURSUE SENIOR HOUSING REIT FOR ITS REAL ESTATE.  Full Article

Land & Buildings Sends Letter To Brookdale Senior Living Shareholders
Monday, 9 Jul 2018 

July 9 (Reuters) - Brookdale Senior Living Inc ::LAND & BUILDINGS SENDS LETTER TO BROOKDALE SENIOR LIVING SHAREHOLDERS.LAND AND BUILDINGS INVESTMENT MANAGEMENT LLC SAYS RECOMMENDED REFRAIN FROM EXPANDING SIZE OF BROOKDALE'S BOARD BEYOND 9 MEMBERS.LAND AND BUILDINGS INVESTMENT MANAGEMENT SAYS RECOMMENDED APPOINTMENT OF NEW FINANCE-ORIENTED BOARD MEMBER TO INVESTMENT COMMITTEE OF BROOKDALE'S BOARD.LAND AND BUILDINGS SAYS BROOKDALE SHOULD APPOINT AT LEAST 2 FRESH MEMBERS TO ITS BOARD AND ASK 2 LONG-STANDING MEMBERS TO RESIGN.  Full Article

Welltower And Brookdale Senior Living Enter Into Broad Collaborative Relationship Restructuring
Thursday, 28 Jun 2018 

June 27 (Reuters) - Welltower Inc ::WELLTOWER AND BROOKDALE SENIOR LIVING ENTER INTO BROAD COLLABORATIVE RELATIONSHIP RESTRUCTURING.WELLTOWER INC - BROOKDALE WILL PAY WELLTOWER A $58.0 MILLION TERMINATION FEE.WELLTOWER INC - BROOKDALE WILL CONTINUE TO OPERATE PROPERTIES UNTIL THEY ARE ABLE TO BE TRANSITIONED TO REPLACEMENT OPERATORS.WELLTOWER INC - CO'S OVERALL BROOKDALE CONCENTRATION IS EXPECTED TO DECREASE FROM 7.6% TO 2.9% OF IN-PLACE NOI.WELLTOWER INC - RESTRUCTURING OF BROOKDALE PORTFOLIO INCLUDES TOTAL OF 63 ASSETS TO BE TRANSITIONED AS PART OF RESTRUCTURING.WELLTOWER INC - ESTIMATED YEAR 1 INCOME LOSS WILL BE APPROXIMATELY $5 MILLION RELATED TO RESTRUCTURED LEASES.  Full Article

Brookdale And Welltower Enter Into Mutually-Beneficial Agreements
Thursday, 28 Jun 2018 

June 27 (Reuters) - Brookdale Senior Living Inc ::BROOKDALE AND WELLTOWER ENTER INTO MUTUALLY-BENEFICIAL AGREEMENTS.BROOKDALE SENIOR LIVING - CO, WELLTOWER HAVE AGREED TO EARLY TERMINATION OF CO'S TRIPLE-NET LEASE OBLIGATIONS ON 37 COMMUNITIES EFFECTIVE JUNE 30.BROOKDALE SENIOR LIVING - HAS AGREED TO SELL ITS 20% EQUITY INTEREST IN ITS EXISTING RIDEA JOINT VENTURE WITH WELLTOWER.BROOKDALE SENIOR LIVING - HAS ELECTED NOT TO RENEW TWO MASTER LEASES WITH WELLTOWER SCHEDULED TO MATURE ON SEPTEMBER 30, 2018.BROOKDALE SENIOR LIVING - AFTER CONCLUSION OF DEALS WITH WELLTOWER, CO WILL CONTINUE TO OPERATE 74 COMMUNITIES UNDER TRIPLE-NET LEASES WITH WELLTOWER.BROOKDALE SENIOR LIVING - AGREED TO SELL ITS 20% EQUITY INTEREST IN ITS EXISTING WELLTOWER RIDEA JV TO WELLTOWER FOR NET PROCEEDS OF ABOUT $35 MILLION.  Full Article

Brookdale Senior Living Says Board Reduced Number Of Directors Constituting Board To 7 From 9
Wednesday, 7 Mar 2018 

March 7 (Reuters) - Brookdale Senior Living Inc ::BROOKDALE SENIOR LIVING SAYS ON MARCH 2, BOARD REDUCED NUMBER OF DIRECTORS CONSTITUTING BOARD TO 7 FROM 9 - SEC FILING.  Full Article