Brookdale Senior Living Inc. (NYSE:BKD) Q3 2022 Earnings Conference Call November 8, 2022 9:00 AM ET

Company Participants

Kathy MacDonald - Investor Relations

Cindy Baier - President and Chief Executive Officer

Steve Swain - Executive Vice President and Chief Financial Officer

Conference Call Participants

Brian Tanquilut - Jefferies

Marco Criscuolo - Nephron Research

Steven Valiquette - Barclays

Tao Qiu - Stifel

Joanna Gajuk - Bank of America

Ben Hendrix - RBC

Operator

Welcome to the Brookdale Senior Living Third Quarter 2022 Earnings Call. My name is Irene. I will be coordinating your call today. [Operator Instructions] I would now like to hand over to Kathy MacDonald to begin. Kathy, please go ahead.

Kathy MacDonald

Thank you and good morning. I’d like to welcome you to the third quarter earnings call for Brookdale Senior Living. Joining us today are Cindy Baier, our President and Chief Executive Officer; and Steve Swain, our Executive Vice President and Chief Financial Officer.

All statements today, which are not historical facts, maybe deemed to be forward-looking statements within the meaning of the federal securities laws. These statements are made as of today’s date and we expressly disclaim any obligation to update these statements in the future. Actual results and performance may differ materially from forward-looking statements. Certain of the factors that could cause actual results to differ are detailed in the earnings release we issued yesterday, as well as in the reports we file with the SEC from time to time, including the risk factors contained in our annual report on Form 10-K and quarterly report on Form 10-Q. I direct you to the release for the full Safe Harbor statement.

Also, please note that during this call, we will present non-GAAP financial measures. For reconciliations of each non-GAAP measure from the most comparable GAAP measure, I direct you to the release and supplemental information which maybe found at brookdale.com/investor and was furnished on an 8-K yesterday.

Now, I will turn the call over to Cindy.

Cindy Baier

Thank you, Kathy. Good morning to all of our shareholders, analysts and other participants. I hope you and your loved ones are healthy and happy. Welcome to our third quarter 2022 earnings call. We appreciate you joining us today.

We are pleased to report that we saw a number of operational improvements during the third quarter despite numerous challenges from Hurricane Ian. Our senior housing revenue growth was strong for the third quarter as RevPAR increased 10% for the quarter and year-to-date compared to the prior year periods. Weighted average occupancy grew at nearly the same sequential rate as last year even with Hurricane Ian impacting the last week of the quarter.