Brookdale Senior Living (BKD) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Brookdale Senior Living published the results on November 6, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Brookdale reports one per-share figure, basic and diluted net income (loss) per share, and no adjusted EPS. Its non-GAAP measures are Adjusted EBITDA and Adjusted Free Cash Flow.
• Revenue fell mainly because Brookdale has shed communities, mostly through lease terminations in the second half of 2025; total average units were 42,383, down 15.3% from 50,012. Same community figures cover 515 communities held in both periods.

Source: Brookdale Q3 2026 results, November 6, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Brookdale Senior Living splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Brookdale Senior Living's Assisted Living and Memory Care revenue was $514 million in Q3 2026, down 3% from $532 million in Q3 2025, 72% of total revenue.
• Brookdale Senior Living's Independent Living revenue was $123 million in Q3 2026, down 22% from $157 million in Q3 2025, 17% of total revenue.
• Brookdale Senior Living's CCRCs revenue was $70.4 million in Q3 2026, down 18% from $86.2 million in Q3 2025, 10% of total revenue.
• Brookdale Senior Living's Management fees revenue was $0.4 million in Q3 2026, down 85% from $2.7 million in Q3 2025, under 1% of total revenue.
• Brookdale Senior Living's Reimbursed costs incurred on behalf of managed communities revenue was $4.3 million in Q3 2026, down 88% from $35.3 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Brookdale lowered both ranges from its previous guidance of $502 million to $516 million of Adjusted EBITDA and RevPAR growth of 8.0% to 9.0%.

In its Q3 2026 release, Brookdale Senior Living said:

“Updated full year 2026 guidance to $495 million to $502 million of Adjusted EBITDA and RevPAR year-over-year growth of 7.4% to 7.9%.”

“Current estimates of the fourth quarter revenue and expense impact of the recent fire at the Company's 97-unit Clinton, Mississippi community, which is currently vacant.”

Source: Brookdale Q3 2026 release, Nov 6, 2026.

This is the company's own guidance as of Nov 6, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the BKD forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenue in millions and net income (loss) per diluted share attributable to Brookdale common stockholders, each as first reported in that quarter's release. Brookdale also files an 8-K early each month with the prior month's occupancy; those are not earnings releases.

We do not hold a confirmed date for Brookdale Senior Living's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 6, 2026

Brookdale Senior Living's Q3 2026 total revenue was $712.1 million, against $813.2 million a year earlier. Resident fees, the monthly rent and care charges paid by residents, were $707.3 million, down 8.7%. Brookdale said the decline came from communities disposed of since the start of 2025, mostly through lease terminations in the second half of 2025, which cost $106.4 million of resident fees in the quarter. (Brookdale Q3 2026 release, Nov 6, 2026)

Assisted Living and Memory Care is most of the business, with revenue of $514.3 million across 458 communities. Independent Living brought in $122.7 million from 54 communities and CCRCs (continuing care retirement communities) $70.4 million from 13. Reimbursed costs for communities Brookdale manages for others fell to $4.3 million from $35.3 million as management agreements ended. (Brookdale Q3 2026 supplemental information, Nov 6, 2026; Brookdale Q3 2026 release, Nov 6, 2026)

On the communities held in both periods, Brookdale grew. Same community resident fees rose 5.3% to $693.0 million, and same community RevPAR rose 5.4% to $5,602, made up of a 4.8% increase in RevPOR and a 50 basis point increase in weighted average occupancy to 83.6%. Consolidated RevPAR rose 7.5% to $5,546. (Brookdale Q3 2026 release, Nov 6, 2026)

Brookdale's revenue is almost all private pay. In 2025 it generated 93.9% of resident fee revenue from private pay residents and 4.8% from government reimbursement programs, primarily Medicaid and Medicare. Owned communities produced 66.5% of resident fee revenue and leased communities 33.5%. (Brookdale Form 10-K, 2025, Feb 19, 2026)

Brookdale Senior Living's net loss per share was $0.06 in Q3 2026, against $0.48 a year earlier, on a net loss attributable to common stockholders of $13.9 million. It reports no adjusted EPS. Brookdale attributed the smaller loss mainly to a $58.2 million decrease in non-cash impairment charges and a $20.5 million decrease in depreciation and amortization from disposed communities. (Brookdale Q3 2026 release, Nov 6, 2026)

Adjusted EBITDA, the measure Brookdale guides on, was $124.3 million, up 12.0% from $111.1 million, because same community resident fees grew faster than same community facility operating expense, which rose 4.5% on wage rates, insurance, bad debt, utilities and maintenance. (Brookdale Q3 2026 release, Nov 6, 2026)

Weighted average shares were 239,144 thousand, against 237,487 thousand a year earlier. Interest expense on debt was $57.8 million. In October 2026 Brookdale paid $23.3 million in cash and delivered 0.9 million shares to settle its 2.00% convertible notes due 2026, and received $45.9 million in cash and 0.4 million shares from settling the related capped calls. (Brookdale Q3 2026 release, Nov 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Brookdale Senior Living gives full-year guidance for Adjusted EBITDA and RevPAR growth. In the Q3 2026 release it cut 2026 Adjusted EBITDA guidance to $495 million to $502 million from $502 million to $516 million, and RevPAR growth to 7.4% to 7.9% from 8.0% to 9.0%. The CEO said Brookdale met its quarterly Adjusted EBITDA plan but fell short of its RevPAR goal on slower occupancy growth, particularly late in the quarter, and cited added marketing spending and a fire at its 97-unit Clinton, Mississippi community. (Brookdale Q3 2026 release, Nov 6, 2026)

In October 2026 Brookdale agreed to buy 30 communities it currently leases (1,152 units) for $290.0 million, which it expects to cut 2027 annual cash rent payments by approximately $17.8 million, with closing expected in Q4 2026. (Brookdale Q3 2026 release, Nov 6, 2026)

A consensus figure is the average of the models published by the analysts who cover Brookdale Senior Living, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Brookdale Senior Living's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning BKD is on is BKD a buy or a sell?, what analysts expect next is on the BKD forecast, and what the company does is on the Brookdale Senior Living (BKD) stock page.

Every number on this page can be traced to a document Brookdale Senior Living published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.