Don Cuso

“Yeah, it's a great question, Brian, and we are currently in the process of going through our 2027 budgets and targets and looking exactly at those rates because we'll give our in-place rate increase every January 1st to our in-place residents, and we usually have to give 30, 60, 90 days notice.”

“This morning, I'll review four key areas. Brookdale's second quarter financial performance, recent improvements to our balance sheet, progress we're making on our ongoing portfolio transition, and our outlook for the remainder of 2026, starting with our financial performance.”

“Yeah, if you look at our REVPOR, our same-store REVPOR increase here over year, the 3.4 percent. But really, if you look at the sequential fourth quarter of last year to first quarter of this year, our rev poor on a same-star basis increased 6.3%.”

“I think that there's three things that I would point out. Our occupancy, our rev poor to export spread, and the fact that we have more communities kind of above that 80% occupancy level where we expect to see more of the flow through from that spread.”

“This morning, I first want to recap Brookdale's performance against 2025 targets, then turn to a deeper dive into the fourth quarter, followed by a discussion of our recently issued 2026 guidance and the assumptions that underpin that guidance.”