Brookdale Senior Living rises on higher Q1 forecast

Brookdale Senior Living

11/04/2023 13:40

** Shares of retirement home operator Brookdale Senior
Living Inc  BKD.N  rise 4% to $3.10 premarket
    ** Co now sees Q1 RevPAR growth of ~12.9% y-o-y vs prior
expectation of 11% to 12% 
    ** BKD also sees Q1 adj EBITDA meaningfully above the
previously issued guidance range of $70 mln to $75 mln
    ** Says favorable updates to its Q1 2023 financial
expectations based upon preliminary, unaudited results
    ** Up to last close, stock had risen 9.2% this year

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))