Brookdale Senior Living Inc. PP&E Disclosure
| Asset Category | Estimated Useful Life (in years) | |||||||
| Buildings and improvements | 40 | |||||||
| Furniture and equipment | 3 – 15 | |||||||
| Resident in-place lease intangibles | 1 – 3 | |||||||
| As of December 31, | |||||||||||
| (in thousands) | 2025 | 2024 | |||||||||
| Land | $ | 544,824 | $ | 532,719 | |||||||
| Buildings and improvements | 5,799,937 | 5,667,855 | |||||||||
| Furniture and equipment | 1,259,410 | 1,182,026 | |||||||||
| Resident in-place lease intangibles | 260,389 | 281,041 | |||||||||
| Construction in progress | 35,788 | 32,965 | |||||||||
| Assets under financing leases and leasehold improvements | 586,496 | 1,245,791 | |||||||||
| Property, plant and equipment and leasehold intangibles | 8,486,844 | 8,942,397 | |||||||||
| Accumulated depreciation and amortization | (4,214,147) | (4,347,996) | |||||||||
| Property, plant and equipment and leasehold intangibles, net | $ | 4,272,697 | $ | 4,594,401 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 15, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 19, 2020 | |
| 2018 | Feb 14, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 15, 2017 | |
| 2015 | Feb 12, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.