Brookdale keeps 2026 EBITDA outlook, leverage goal intact

Brookdale Senior Living said it is maintaining its 2026 adjusted EBITDA guidance of $502 million to $516 million and is continuing to work toward leverage below 6.0x by the end of 2028. Officials restated both targets during the company’s second-quarter earnings call, describing debt reduction as the company’s top financial priority.

The company tied its leverage objective to a multi-year capital plan, signaling that management views the effort as an extended program rather than a near-term change in direction. A market reaction was not available at the time of the update.

2026 adjusted EBITDA range reiterated on the Q2 2026 adjusted EBITDA range reiterated on the Q2 call Brookdale Senior Living On the call, officials again presented the same 2026 adjusted EBITDA outlook of $502 million to $516 million. Brookdale also said it will treat adjusted EBITDA as the primary metric for tracking progress toward its leverage target. Management pointed to occupancy and revenue-per-available-room trends as near-term factors that can affect cash flow and, by extension, the pace of balance-sheet improvement. However, the company did not provide updated numerical figures for either RevPAR or occupancy in this update, even while describing both as key operating indicators. Because refreshed operating metrics were not disclosed, investors seeking new signals on operating momentum may need to wait for later quarterly reporting. Brookdale said those figures are typically provided in future earnings releases and filings. Leverage target set for December 31, 2028 Brookdale said it intends to bring leverage below 6.0x by December 31, 2028, officials said. Management framed the capital structure effort as multi-year in nature and reiterated that debt paydown sits at the top of its financial priorities. Alongside deleveraging, the company said it will continue to evaluate acquisitions selectively when valuations are attractive. Brookdale did not provide additional detail on the expected pace or size of potential acquisition activity. Capital allocation depends on where EBITDA lands in the range Brookdale outlined how performance relative to its 2026 adjusted EBITDA framework could shape capital decisions. If adjusted EBITDA reaches the midpoint of the guidance range, the company said its current cash generation could support continued deleveraging without asset sales. If adjusted EBITDA falls below the guidance range If adjusted EBITDA falls below the guidance range, officials said Brookdale may need to reduce acquisition activity or consider other balance-sheet actions. Management did not specify what those additional steps could include.

In upcoming quarterly reports, analysts and investors are expected to watch for evidence that the stated trajectory is developing, including changes in leverage measures and performance against the adjusted EBITDA approach Brookdale emphasized. For now, the update largely restated previously communicated targets without adding new operating disclosures.