The numbers, decoded.

Brookdale Senior Living reported Q2 2026 consolidated RevPAR of $5,497, up 8.2% year-over-year, with weighted average occupancy reaching 82.4% — a 230 basis point improvement. Net income was $23 million, reversing a $43 million loss in Q2 2025. Same-community RevPOR grew 4.1% to $6,714. The company reaffirmed full-year guidance of 8–9% RevPAR growth and $502–$516 million in Adjusted EBITDA.

Ventas reported Q2 2026 SHOP same-store cash NOI growth of 16.3% year-over-year, with same-store cash operating revenue up 8.6% and NOI margin expanding 210 basis points. U.S. SHOP same-store NOI grew 18% with 360 basis points of average occupancy growth. The company raised its full-year investment volume target to $4.5 billion from $3 billion.

Welltower's Q2 2026 earnings release shows same-store Seniors Housing Operating NOI grew 20.5% year-over-year, driven by 330 basis points of average occupancy growth and 5.2% RevPOR expansion. Normalized FFO hit $1.60 per diluted share, up 25% over the prior year. The board declared a 15% dividend increase.