a1q26supplemental

Supplemental Information 1st Quarter 2026 Exhibit 99.2

2 Overview 3 Segment Overview 6 Senior Housing 7 General and Administrative ("G&A") Expense 12 Capital Expenditures 13 Cash Facility Lease Payments 14 Capital Structure 15 Definitions 16 Appendix: Non-GAAP Financial Measures 18 Table of Contents

3 Managed 4,293 Owned 32,879 Leased 10,456 Managed 29 Owned 363 Leased 176 568 communities 47,628 units Important Note Regarding Non-GAAP Financial Measures • Adjusted EBITDA and Adjusted Free Cash Flow are financial measures that are not calculated in accordance with GAAP. See "Definitions" and "Non-GAAP Financial Measures" for the definitions of such measures and other important information regarding such measures, including reconciliations to the most comparable GAAP measures. 2025 2026 1Q26 vs 1Q25 1Q26 vs 4Q25 ($ in 000s, except RevPAR and RevPOR) 1Q 2Q 3Q 4Q Full Year 1Q Better B (Worse) (W) B(W) RevPAR $ 5,090 $ 5,080 $ 5,158 $ 5,219 $ 5,134 $ 5,506 8.2 % 5.5 % Weighted average occupancy 79.3% 80.1% 81.8% 82.5% 80.9% 82.1% 280 bps (40) bps RevPOR $ 6,416 $ 6,343 $ 6,307 $ 6,324 $ 6,347 $ 6,705 4.5 % 6.0 % Total Average Units 50,840 50,812 50,012 45,526 49,297 43,637 (14.2) % (4.1) % Resident fees $ 777,454 $ 775,614 $ 775,140 $ 714,504 $ 3,042,712 $ 722,456 $ 722,456 (7.1) % 1.1 % Net income (loss) $ (64,993) $ (43,039) $ (114,738) $ (39,976) $ (262,746) $ (6,904) 89.4 % 82.7 % Net cash provided by operating activities $ 23,402 $ 83,564 $ 76,525 $ 34,539 $ 218,030 $ 20,887 (10.7) % (39.5) % Adjusted EBITDA $ 124,139 $ 117,050 $ 111,071 $ 105,559 $ 457,819 $ 131,052 5.6 % 24.2 % Adjusted Free Cash Flow $ 3,780 $ 19,908 $ 21,794 $ (22,659) $ 22,823 $ (12,225) NM 46.0 % 1Q 2026 weighted average occupancy (consolidated communities) Occupancy Band Community Count % of Period End Communities Greater than 95% 83 15% 90% > 95% 85 16% 85% > 90% 80 15% 80% > 85% 72 13% 75% > 80% 81 15% 70% > 75% 51 10% Less than 70% 87 16% Total 539 100% Overview As of March 31, 2026 Consolidated: 43,335 Consolidated: 539

4 2025 2026 1Q26 vs 1Q25 ($ in 000s) 1Q 2Q 3Q 4Q Full Year 1Q B(W) Resident fees $ 777,454 $ 775,614 $ 775,140 $ 714,504 $ 3,042,712 $ 722,456 (7.1) % Management fees 2,620 2,623 2,698 2,912 10,853 5,373 105.1 % Facility operating expense (556,987) (562,317) (566,985) (529,727) (2,216,016) (511,470) 8.2 % Combined Segment Operating Income 223,087 215,920 210,853 187,689 837,549 216,359 (3.0) % General and administrative expense (1) (42,221) (41,371) (43,104) (38,422) (165,118) (40,606) 3.8 % Cash facility operating lease payments (see page 14) (56,727) (57,499) (56,678) (43,708) (214,612) (44,701) 21.2 % Adjusted EBITDA 124,139 117,050 111,071 105,559 457,819 131,052 5.6 % Transaction, Legal, and Organizational Restructuring Costs (2) (1,674) (10,513) (5,129) (770) (18,086) (771) 53.9 % Interest expense, net (see page 14) (56,611) (56,479) (56,833) (56,032) (225,955) (54,257) 4.2 % Payment of financing lease obligations (289) (297) (304) (305) (1,195) (296) (2.4) % Changes in working capital (3) (21,535) 17,378 11,769 (29,137) (21,525) (39,132) (81.7) % Non-Development Capital Expenditures, net (4) (41,127) (48,814) (38,441) (42,318) (170,700) (48,380) (17.6) % Property and casualty insurance proceeds 1,415 2,072 204 184 3,875 140 (90.1) % Other (538) (489) (543) 160 (1,410) 3 2 (581) (8.0) % Adjusted Free Cash Flow $ 3,780 $ 19,908 $ 21,794 $ (22,659) $ 22,823 $ (12,225) NM Adjusted EBITDA and Adjusted Free Cash Flow (1) Excludes non-cash stock-based compensation expense and Transaction, Legal, and Organizational Restructuring Costs, see page 12. (2) Transaction, Legal, and Organizational Restructuring Costs includes transaction costs for stockholder relations advisory matters of $8.0 million and organizational restructuring costs of $9.3 million for the full year 2025. (3) Excludes changes in prepaid insurance premiums financed with notes payable and lessor capital expenditure reimbursements under operating leases. (4) Amounts are presented net of lessor reimbursements, see page 13.

5 (1) All Other primarily includes communities operated by the Company pursuant to management agreements. (2) Resident fee revenue excluded from definitions of RevPAR and RevPOR is $1.7 million. (3) Excludes non-cash stock-based compensation expense and Transaction, Legal, and Organizational Restructuring Costs, see page 12. (4) Excludes changes in prepaid insurance premiums financed with notes payable and lessor capital expenditure reimbursements under operating leases. 1Q 2026 ($ in 000s) Total Senior Housing Owned Portfolio Senior Housing Leased Portfolio Corporate All Other (1) Resident fee revenue (2) $ 722,456 $ 525,127 $ 197,329 $ — $ — Management fees 5,373 — — — 5,373 Facility operating expense (511,470) (379,699) (131,771) — — Combined Segment Operating Income 216,359 145,428 65,558 — 5,373 Combined segment operating margin 29.7 % 27.7 % 33.2 % — % 100.0 % General and administrative expense (3) (40,606) (27,340) (10,273) — (2,993) Cash facility operating lease payments (44,701) — (44,365) (336) — Adjusted EBITDA 131,052 118,088 10,920 (336) 2,380 Transaction, Legal, and Organizational Restructuring Costs (771) — — (771) — Interest expense, net (54,257) (55,670) (1,473) 2,886 — Payment of financing lease obligations (296) — (91) (205) — Changes in working capital (4) (39,132) — — (39,132) — Non-Development Capital Expenditures, net (48,380) (30,992) (9,072) (8,316) — Property and casualty insurance proceeds 140 — — 140 — Other (581) — — (581) — Adjusted Free Cash Flow $ (12,225) $ 31,426 $ 284 $ (46,315) $ 2,380 Adjusted EBITDA and Adjusted Free Cash Flow Distribution

6 2025 2026 1Q26 vs 1Q25 ($ in 000s, except RevPAR and RevPOR) 1Q 2Q 3Q 4Q Full Year 1Q B(W) Total Senior Housing and All Other Revenue (1) $ 780,074 $ 778,237 $ 777,838 $ 717,416 $ 3,053,565 $ 727,829 (6.7) % Combined Segment Operating Income $ 223,087 $ 215,920 $ 210,853 $ 187,689 $ 837,549 $ 216,359 (3.0) % Combined segment operating margin 28.6 % 27.7 % 27.1 % 26.2 % 27.4 % 29.7 % 110 bps Senior Housing Segments (see page 7) Revenue $ 777,454 $ 775,614 $ 775,140 $ 714,504 $ 3,042,712 $ 722,456 (7.1) % Senior Housing Operating Income $ 220,467 $ 213,297 $ 208,155 $ 184,777 $ 826,696 $ 210,986 (4.3) % Operating margin 28.4 % 27.5 % 26.9 % 25.9 % 27.2 % 29.2 % 80 bps Number of communities (period end) 619 617 593 548 548 539 (12.9) % Total Average Units 50,840 50,812 50,012 45,526 49,297 43,637 (14.2) % RevPAR $ 5,090 $ 5,080 $ 5,158 $ 5,219 $ 5,134 $ 5,506 8.2 % Weighted average occupancy 79.3 % 80.1 % 81.8 % 82.5 % 80.9 % 82.1 % 280 bps RevPOR $ 6,416 $ 6,343 $ 6,307 $ 6,324 $ 6,347 $ 6,705 4.5 % All Other All Other Segment Operating Income (comprised solely of management fees) $ 2,620 $ 2,623 $ 2,698 $ 2,912 $ 10,853 $ 5,373 105.1 % Resident fee revenue under management (2) $ 53,560 $ 53,264 $ 54,635 $ 52,701 $ 214,160 $ 57,522 7.4 % Segment Overview (1) Excludes reimbursed costs on behalf of managed communities. (2) Not included in consolidated reported amounts.

7 2025 2026 1Q26 vs 1Q25 ($ in 000s, except RevPAR and RevPOR) 1Q 2Q 3Q 4Q Full Year 1Q B(W) Independent Living Revenue $ 157,117 $ 158,135 $ 156,996 $ 121,565 $ 593,813 $ 120,330 (23.4) % Segment Operating Income $ 54,232 $ 53,598 $ 51,503 $ 38,213 $ 197,546 $ 43,212 (20.3) % Segment operating margin 34.5 % 33.9 % 32.8 % 31.4 % 33.3 % 35.9 % 140 bps Number of communities (period end) 68 68 66 53 53 53 (22.1) % Total Average Units 12,582 12,584 12,337 9,754 11,814 9,138 (27.4) % RevPAR $ 4,162 $ 4,189 $ 4,242 $ 4,154 $ 4,189 $ 4,389 5.5 % Weighted average occupancy 81.2 % 82.0 % 83.8 % 84.5 % 82.8 % 84.1 % 290 bps RevPOR $ 5,127 $ 5,109 $ 5,063 $ 4,917 $ 5,061 $ 5,217 1.8 % Assisted Living and Memory Care Revenue $ 533,379 $ 531,318 $ 531,941 $ 506,665 $ 2,103,303 $ 523,188 (1.9) % Segment Operating Income $ 149,553 $ 142,707 $ 140,685 $ 130,465 $ 563,410 $ 150,316 0.5 % Segment operating margin 28.0 % 26.9 % 26.4 % 25.7 % 26.8 % 28.7 % 70 bps Number of communities (period end) 534 532 510 480 480 472 (11.6) % Total Average Units 33,524 33,494 32,941 31,043 32,750 30,415 (9.3) % RevPAR $ 5,292 $ 5,276 $ 5,370 $ 5,422 $ 5,338 $ 5,716 8.0 % Weighted average occupancy 78.7 % 79.6 % 81.4 % 82.4 % 80.5 % 81.5 % 280 bps RevPOR $ 6,720 $ 6,627 $ 6,595 $ 6,583 $ 6,632 $ 7,011 4.3 % CCRCs Revenue $ 86,958 $ 86,161 $ 86,203 $ 86,274 $ 345,596 $ 78,938 (9.2) % Segment Operating Income $ 16,682 $ 16,992 $ 15,967 $ 16,099 $ 65,740 $ 17,458 4.7 % Segment operating margin 19.2 % 19.7 % 18.5 % 18.7 % 19.0 % 22.1 % 290 bps Number of communities (period end) 17 17 17 15 15 14 (17.6) % Total Average Units 4,734 4,734 4,734 4,729 4,733 4,084 (13.7) % RevPAR $ 6,123 $ 6,067 $ 6,070 $ 6,081 $ 6,085 $ 6,443 5.2 % Weighted average occupancy 78.5 % 78.5 % 79.2 % 79.6 % 78.9 % 82.0 % 350 bps RevPOR $ 7,798 $ 7,729 $ 7,669 $ 7,644 $ 7,709 $ 7,859 0.8 % Senior Housing Segments

8 2025 2026 1Q26 vs 1Q25 1Q26 vs 4Q25 ($ in 000s, except RevPAR and RevPOR) 1Q 2Q 3Q 4Q Full Year 1Q B(W) B(W) Revenue $ 654,682 $ 652,833 $ 658,102 $ 656,641 $ 2,622,258 $ 690,939 5.5 % 5.2 % Community Labor Expense (293,247) (300,782) (306,122) (310,774) (1,210,925) (308,088) (5.1) % 0.9 % % of revenue 44.8 % 46.1 % 46.5 % 47.3 % 46.2 % 44.6 % 20 bps 270 bps Other facility operating expense (160,926) (159,504) (163,545) (163,899) (647,874) (173,032) (7.5) % (5.6) % % of revenue 24.6 % 24.4 % 24.9 % 25.0 % 24.7 % 25.0 % (40) bps 0 bps Facility operating expense (2) (454,173) (460,286) (469,667) (474,673) (1,858,799) (481,120) (5.9) % (1.4) % Same Community Operating Income $ 200,509 $ 192,547 $ 188,435 $ 181,968 $ 763,459 $ 209,819 4.6 % 15.3 % Same Community operating margin 30.6 % 29.5 % 28.6 % 27.7 % 29.1 % 30.4 % (20) bps 270 bps Total Average Units 41,272 41,273 41,275 41,275 41,274 41,273 — % — % RevPAR $ 5,288 $ 5,272 $ 5,315 $ 5,303 $ 5,294 $ 5,580 5.5 % 5.2 % Weighted average occupancy 81.0 % 81.7 % 83.1 % 83.5 % 82.4 % 82.7 % 170 bps (80) bps RevPOR $ 6,526 $ 6,452 $ 6,396 $ 6,348 $ 6,429 $ 6,745 3.4 % 6.3 % Senior Housing: Same Community (1) Same Community RevPAR / Weighted Average Occupancy $5,288 $5,272 $5,315 $5,303 $5,580 81.0% 81.7% 83.1% 83.5% 82.7% RevPAR Weighted Average Occupancy 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 (1) Same Community portfolio reflects 516 communities which represents 95.7% of the Company's total consolidated communities. The same community portfolio excludes 23 communities, including 22 communities (1,983 units) that the Company sold subsequent to March 31, 2026 or plans to sell. (2) Excludes natural disaster expense, consisting primarily of remediation of storm damage, net of related insurance recoveries, of $1.1 million for the full year 2025.

9 2025 2026 1Q26 vs 1Q25 1Q26 vs 4Q25 ($ in 000s, except RevPAR and RevPOR) 1Q 2Q 3Q 4Q Full Year 1Q B(W) B(W) Independent Living Revenue $ 110,644 $ 111,381 $ 112,163 $ 112,184 $ 446,372 $ 118,706 7.3 % 5.8 % Community Labor Expense (40,116) (41,588) (42,243) (42,961) (166,908) (42,745) (6.6) % 0.5 % Other facility operating expense (31,514) (31,452) (32,368) (32,499) (127,833) (33,418) (6.0) % (2.8) % Facility operating expense (71,630) (73,040) (74,611) (75,460) (294,741) (76,163) (6.3) % (0.9) % Same Community Operating Income $ 39,014 $ 38,341 $ 37,552 $ 36,724 $ 151,631 $ 42,543 9.0 % 15.8 % Same Community operating margin 35.3 % 34.4 % 33.5 % 32.7 % 34.0 % 35.8 % 50 bps 310 bps Total Average Units 8,940 8,940 8,940 8,940 8,940 8,941 — % — % RevPAR $ 4,125 $ 4,153 $ 4,182 $ 4,183 $ 4,161 $ 4,426 7.3 % 5.8 % Weighted average occupancy 82.8 % 83.5 % 84.8 % 85.1 % 84.1 % 84.4 % 160 bps (70) bps RevPOR $ 4,984 $ 4,972 $ 4,930 $ 4,915 $ 4,950 $ 5,242 5.2 % 6.7 % Assisted Living and Memory Care Revenue $ 476,310 $ 474,371 $ 479,405 $ 477,385 $ 1,907,471 $ 501,849 5.4 % 5.1 % Community Labor Expense (218,564) (224,532) (228,773) (233,121) (904,990) (230,139) (5.3) % 1.3 % Other facility operating expense (111,647) (111,029) (113,934) (113,453) (450,063) (121,454) (8.8) % (7.1) % Facility operating expense (330,211) (335,561) (342,707) (346,574) (1,355,053) (351,593) (6.5) % (1.4) % Same Community Operating Income $ 146,099 $ 138,810 $ 136,698 $ 130,811 $ 552,418 $ 150,256 2.8 % 14.9 % Same Community operating margin 30.7 % 29.3 % 28.5 % 27.4 % 29.0 % 29.9 % (80) bps 250 bps Total Average Units 28,722 28,723 28,725 28,725 28,724 28,722 — % — % RevPAR $ 5,528 $ 5,505 $ 5,563 $ 5,540 $ 5,534 $ 5,824 5.4 % 5.1 % Weighted average occupancy 80.5 % 81.3 % 82.8 % 83.3 % 82.0 % 82.2 % 170 bps (110) bps RevPOR $ 6,865 $ 6,775 $ 6,720 $ 6,653 $ 6,751 $ 7,086 3.2 % 6.5 % CCRCs Revenue $ 67,728 $ 67,081 $ 66,534 $ 67,072 $ 268,415 $ 70,384 3.9 % 4.9 % Community Labor Expense (34,567) (34,662) (35,106) (34,692) (139,027) (35,204) (1.8) % (1.5) % Other facility operating expense (17,765) (17,023) (17,243) (17,947) (69,978) (18,160) (2.2) % (1.2) % Facility operating expense (52,332) (51,685) (52,349) (52,639) (209,005) (53,364) (2.0) % (1.4) % Same Community Operating Income $ 15,396 $ 15,396 $ 14,185 $ 14,433 $ 59,410 $ 17,020 10.5 % 17.9 % Same Community operating margin 22.7 % 23.0 % 21.3 % 21.5 % 22.1 % 24.2 % 150 bps 270 bps Total Average Units 3,610 3,610 3,610 3,610 3,610 3,610 — % — % RevPAR $ 6,254 $ 6,194 $ 6,143 $ 6,193 $ 6,196 $ 6,499 3.9 % 4.9 % Weighted average occupancy 80.7 % 80.8 % 81.2 % 81.9 % 81.2 % 82.8 % 210 bps 90 bps RevPOR $ 7,745 $ 7,661 $ 7,562 $ 7,559 $ 7,631 $ 7,848 1.3 % 3.8 % Senior Housing Segments: Same Community (1) (1) Same Community portfolio reflects 52 Independent Living communities, 451 Assisted Living and Memory Care communities, and 13 CCRCs.

10 2025 2026 1Q26 vs 1Q25 ($ in 000s, except RevPAR and RevPOR) 1Q 2Q 3Q 4Q Full Year 1Q B(W) Revenue $ 503,870 $ 503,611 $ 508,502 $ 506,615 $ 2,022,598 $ 525,127 4.2 % Facility operating expense (368,894) (371,718) (379,016) (380,076) (1,499,704) (379,699) (2.9) % Owned Portfolio Operating Income $ 134,976 $ 131,893 $ 129,486 $ 126,539 $ 522,894 $ 145,428 7.7 % Owned Portfolio operating margin 26.8 % 26.2 % 25.5 % 25.0 % 25.9 % 27.7 % 90 bps Additional Information Interest expense: debt $ (54,659) $ (57,648) $ (58,089) $ (57,144) $ (227,540) $ (55,670) (1.8) % Community level capital expenditures, net (see page 13) $ (26,803) $ (32,810) $ (29,266) $ (36,220) $ (125,099) $ (30,992) (15.6) % Number of communities (period end) 383 382 372 370 370 363 (5.2) % Total Average Units 33,768 33,764 33,635 33,440 33,651 33,080 (2.0) % RevPAR $ 4,962 $ 4,960 $ 5,027 $ 5,033 $ 4,995 $ 5,275 6.3 % Weighted average occupancy 78.9 % 80.0 % 81.7 % 82.3 % 80.7 % 81.7 % 280 bps RevPOR $ 6,288 $ 6,202 $ 6,156 $ 6,115 $ 6,189 $ 6,458 2.7 % Senior Housing Owned Portfolio(1) Interest Coverage for the twelve months ended March 31, 2026 1.8x Net Debt as of March 31, 2026 (see page 15) $4,028,726 (1) In February 2025, the Company acquired 30 previously leased communities. The results of operations of the previously leased communities are included within the Senior Housing Owned Portfolio beginning with the full first quarter of 2025.

11 2025(2) 2026 1Q26 vs 1Q25 ($ in 000s, except RevPAR and RevPOR) 1Q 2Q 3Q 4Q Full Year 1Q B(W) Revenue $ 273,584 $ 272,003 $ 266,638 $ 207,889 $ 1,020,114 $ 197,329 (27.9) % Facility operating expense (188,093) (190,599) (187,969) (149,651) (716,312) (131,771) 29.9 % Leased Portfolio Operating Income $ 85,491 $ 81,404 $ 78,669 $ 58,238 $ 303,802 $ 65,558 (23.3) % Leased Portfolio operating margin 31.2 % 29.9 % 29.5 % 28.0 % 29.8 % 33.2 % 200 bps Additional Information Cash facility lease payments on leased portfolio (see page 14) $ (58,244) $ (58,987) $ (57,898) $ (44,932) $ (220,061) $ (45,929) 21.1 % Community level capital expenditures, net (see page 13) $ (9,783) $ (6,822) $ (4,165) $ 1,534 $ (19,236) $ (9,072) 7.3 % Number of communities (period end) 236 235 221 178 178 176 (25.4) % Total Average Units 17,072 17,048 16,377 12,086 15,646 10,557 (38.2) % RevPAR $ 5,342 $ 5,318 $ 5,427 $ 5,734 $ 5,433 $ 6,231 16.6 % Weighted average occupancy 80.2 % 80.3 % 82.0 % 83.1 % 81.3 % 83.5 % 330 bps RevPOR $ 6,664 $ 6,621 $ 6,615 $ 6,896 $ 6,686 $ 7,463 12.0 % Lease Coverage for the three months ended March 31, 2026 1.20x Operating and financing lease obligations as of March 31, 2026 (see page 19) $ 1,177,338 Facility Lease Maturity Information (Leased Portfolio as of March 31, 2026) Initial Lease Maturities Community Count Total Units Lease Payments (3) 2026 — — $ — 2027 — — $ — 2028 1 116 $ 648 2029 17 735 $ 2,576 2030 — — $ — Thereafter 158 9,605 $ 42,424 Total 176 10,456 $ 45,648 Senior Housing Leased Portfolio(1) (1) During the six months ended December 31, 2025, the Company completed terminations of leases on 57 communities (6,294 units), which included terminations of leases on 55 communities provided in the December 2024 lease amendment with Ventas, Inc. (2) In February 2025, the Company acquired 30 previously leased communities. The results of operations of the previously leased communities are excluded from the Senior Housing Leased Portfolio beginning with the full first quarter of 2025. (3) Cash facility lease payments for the three months ended March 31, 2026.

12 (1) G&A allocations are calculated based on the proportional amount of resident fee revenue (consolidated and under management) attributable to the segment or portfolio. G&A allocations presented herein exclude non-cash stock-based compensation expense and Transaction, Legal, and Organizational Restructuring Costs. (2) Not included in consolidated reported amounts. Consolidated, unless otherwise noted 2025 2026 1Q26 vs 1Q25 ($ in 000s) 1Q 2Q 3Q 4Q Full Year 1Q B(W) G&A expense allocations (1) Senior Housing Owned Portfolio allocation $ 25,599 $ 25,136 $ 26,415 $ 25,372 $ 102,522 $ 27,340 (6.8) % Senior Housing Leased Portfolio allocation 13,899 13,576 13,851 10,411 51,737 10,273 26.1 % All Other allocation 2,723 2,659 2,838 2,639 10,859 2,993 (9.9) % Subtotal G&A expense allocations 42,221 41,371 43,104 38,422 165,118 40,606 3.8 % Non-cash stock-based compensation expense 3,979 3,089 2,633 2,236 11,937 3,680 7.5 % Transaction, Legal, and Organizational Restructuring Costs (see page 4) 1,674 10,513 5,129 770 18,086 771 53.9% General and administrative expense $ 47,874 $ 54,973 $ 50,866 $ 41,428 $ 195,141 $ 45,057 5.9 % 2025 2026 1Q26 vs 1Q25 1Q 2Q 3Q 4Q Full Year 1Q B(W) Resident fee revenue $ 777,454 $ 775,614 $ 775,140 $ 714,504 $ 3,042,712 $ 722,456 (7.1) % Resident fee revenue under management (2) 53,560 53,264 54,635 52,701 214,160 57,522 7.4 % Total (consolidated and under management) $ 831,014 $ 828,878 $ 829,775 $ 767,205 $ 3,256,872 $ 779,978 (6.1) % G&A Expense as a Percentage of Resident Fee Revenue (Consolidated and Under Management) G&A expense (excluding non-cash stock-based compensation expense and Transaction, Legal, and Organizational Restructuring Costs) 5.1% 5.0% 5.2% 5.0% 5.1% 5.2% (10) bps G&A expense (including non-cash stock-based compensation expense and Transaction, Legal, and Organizational Restructuring Costs) 5.8% 6.6% 6.1% 5.4% 6.0% 5.8% 0 bps G&A Expense

13 Capital Expenditures (1) Amounts are presented net of lessor reimbursements. ($ in 000s, except for community level capital expenditures, per average unit) 2025 2026 1Q26 vs 1Q25 1Q 2Q 3Q 4Q Full Year 1Q B(W) Community level capital expenditures, including allocations (1) Senior Housing Owned Portfolio $ 26,803 $ 32,810 $ 29,266 $ 36,220 $ 125,099 $ 30,992 (15.6) % Senior Housing Leased Portfolio 9,783 6,822 4,165 (1,534) 19,236 9,072 7.3 % Community level capital expenditures, net (A) 36,586 39,632 33,431 34,686 144,335 40,064 (9.5) % Corporate capital expenditures 4,541 9,182 5,010 7,632 26,365 8,316 (83.1) % Non-Development Capital Expenditures, net (1) $ 41,127 $ 48,814 $ 38,441 $ 42,318 $ 170,700 $ 48,380 (17.6) % Property and casualty insurance proceeds (1,415) (2,072) (204) (184) (3,875) (140) (90.1) % Non-Development capital expenditures, net of property and casualty insurance proceeds received (1) $ 39,712 $ 46,742 $ 38,237 $ 42,134 $ 166,825 $ 48,240 (21.5) % Capital Expenditures Reconciliation to Statements of Cash Flow Non-Development Capital Expenditures, net (1) $ 41,127 $ 48,814 $ 38,441 $ 42,318 $ 170,700 $ 48,380 Lessor reimbursements: non-development capital expenditures 2,013 9,324 8,741 12,497 32,575 4,775 Change in related payables (1,332) (3,675) (5,594) 8,838 (1,763) (6,679) Development Capital Expenditures, net 9 3 1 — 13 — Total cash paid for capital expenditures $ 41,817 $ 54,466 $ 41,589 $ 63,653 $ 201,525 $ 46,476 (11.1) % Senior Housing Total Average Units (B) 50,840 50,812 50,012 45,526 49,297 43,637 (14.2) % Community level capital expenditures, net, per average unit (A/B) $ 720 $ 780 $ 668 $ 762 $ 2,928 $ 918 (27.5) %

14 (1) Includes cash lease payments for leases of community support centers and information technology systems and equipment. 2025 2026 1Q26 vs 1Q25 ($ in 000s) 1Q 2Q 3Q 4Q Full Year 1Q B(W) Operating Lease Obligations Facility operating lease expense $ 52,874 $ 52,653 $ 51,993 $ 42,743 $ 200,263 $ 43,981 Operating lease expense adjustment 3,853 4,846 4,685 965 14,349 720 Cash facility operating lease payments 56,727 57,499 56,678 43,708 214,612 44,701 21.2 % Financing Lease Obligations Interest expense: financing lease obligations 5,600 1,750 1,764 1,683 10,797 1,700 Payment of financing lease obligations 289 297 304 305 1,195 296 Cash financing lease payments 5,889 2,047 2,068 1,988 11,992 1,996 66.1 % Total cash facility lease payments (1) $ 62,616 $ 59,546 $ 58,746 $ 45,696 $ 226,604 $ 46,697 25.4 % Interest Expense Reconciliation to Income Statement Interest expense: financing lease obligations $ 5,600 $ 1,750 $ 1,764 $ 1,683 $ 10,797 $ 1,700 69.6 % Interest income (3,648) (2,919) (3,020) (2,795) (12,382) (3,113) (14.7) % Interest expense: debt 54,659 57,648 58,089 57,144 227,540 55,670 (1.8) % Interest expense, net 56,611 56,479 56,833 56,032 225,955 54,257 4.2 % Amortization of deferred financing costs 3,630 3,712 3,747 3,686 14,775 3,483 Change in fair value of derivatives 1,142 (29) (26) 93 1,180 (1,301) Interest income 3,648 2,919 3,020 2,795 12,382 3,113 Interest expense per income statement $ 65,031 $ 63,081 $ 63,574 $ 62,606 $ 254,292 $ 59,552 8.4 % Cash Facility Lease Payments

15 Variable rate debt - unhedged $40 (1) Amount excludes $45.4 million in deferred financing costs, net. (2) Reflects rates as of March 31, 2026. (3) Fixed rate maturities are comprised of $23.3 million of 2.00% convertible senior notes ("2026 Notes"). (4) Fixed rate maturities include $369.4 million of 3.50% convertible senior notes ("2029 Notes"). (5) Excludes convertible senior notes. (6) Includes the carrying amount of debt of which 89.3%, or $3.9 billion, represented non-recourse property-level mortgage financings. (7) Excludes operating lease obligations related to certain non-facility leases for which the related lease expense is included in Adjusted EBITDA. Important Note Regarding Non-GAAP Financial Measures. Adjusted EBITDA, Adjusted EBITDA after cash financing lease payments, Net Debt, and Adjusted Net Debt are financial measures that are not calculated in accordance with GAAP. See "Definitions" and "Non-GAAP Financial Measures" for the definitions of such measures and other important information regarding such measures, including reconciliations to the most comparable GAAP measures. $306 $350 $352 $378 $457 $88 03/31/2025 06/30/2025 09/30/2025 12/31/2025 03/31/2026 Total Liquidity ($ in millions) Leverage Ratio ($ in 000s) Twelve Months Ended March 31, 2026 Cash facility operating lease payments (see page 14) $ (202,586) Adjusted EBITDA 464,732 Cash financing lease payments (see page 14) (8,099) Adjusted EBITDA after cash financing lease payments (A) $ 456,633 As of March 31, 2026 Debt (net of $45.4 million in deferred financing costs) (6) $ 4,306,985 Cash and cash equivalents (265,204) Marketable securities (4,939) Restricted cash held as collateral against existing debt (8,116) Net Debt (B) 4,028,726 Operating and financing lease obligations (see page 19) (7) 1,182,027 Adjusted Net Debt $ 5,210,753 Annualized Leverage (B/A) 8.8 x Debt Principal (1) ($ in millions) Fixed Rate Maturities Variable Rate Maturities Recurring Principal Payments Total Weighted Rate (2) 2026 (3) $ 23 $ — $ 53 $ 76 4.04 % 2027 374 59 47 480 4.81 % 2028 333 575 41 949 5.60 % 2029 (4) 714 78 35 827 4.30 % 2030 518 291 22 831 4.29 % Thereafter 1,128 24 37 1,189 5.87 % Total $ 3,090 $ 1,027 $ 235 $ 4,352 5.06 % Capital Structure Line of credit available to draw ($99 million as of March 31, 2026) Cash and cash equivalents and marketable securities ($270 million as of March 31, 2026) Pro forma liquidity for community sales that occurred subsequent to March 31, 2026 Variable rate debt with interest rate caps and swaps $1,024 Fixed rate convertible senior notes $393 67% 24% As of March 31, 2026 Weighted Rate Fixed rate debt (5) 4.91 % Variable rate debt 6.07 % 2026 Notes 2.00 % 2029 Notes 3.50 % Total debt 5.06 % 9% Fixed rate debt (5) $2,895

16 Adjusted EBITDA is a non-GAAP performance measure that the Company defines as net income (loss) excluding: benefit/provision for income taxes, non-operating income/ expense items, and depreciation and amortization; and further adjusted to exclude income/expense associated with non-cash, non-operational, transactional, legal, cost reduction, or organizational restructuring items that management does not consider as part of the Company’s underlying core operating performance and that management believes impact the comparability of performance between periods. For the periods presented herein, such other items include non-cash impairment charges, operating lease expense adjustment, non-cash stock-based compensation expense, gain/loss on sale of communities, gain/loss on facility operating lease termination, and Transaction, Legal, and Organizational Restructuring Costs. Adjusted Free Cash Flow is a non-GAAP liquidity measure that the Company defines as net cash provided by (used in) operating activities before: distributions from unconsolidated ventures from cumulative share of net earnings, changes in prepaid insurance premiums financed with notes payable, changes in operating lease assets and liabilities for lease termination, cash paid/received for gain/loss on facility operating lease termination, and lessor capital expenditure reimbursements under operating leases; plus: property and casualty insurance proceeds; less: Non- Development Capital Expenditures and payment of financing lease obligations. Adjusted Net Debt is a non-GAAP financial measure that the Company defines as Net Debt, plus operating and financing lease obligations. Operating and financing lease obligations exclude operating lease obligations related to certain non-facility leases for which the related lease expense is included in Adjusted EBITDA. Combined Segment Operating Income is defined by the Company as resident fee and management fee revenue of the Company, less facility operating expense. Combined Segment Operating Income does not include general and administrative expense or depreciation and amortization. Community Labor Expense is a component of facility operating expense that includes regular and overtime salaries and wages, bonuses, paid-time-off and holiday wages, payroll taxes, contract labor, employee benefits, and workers' compensation. Development Capital Expenditures means capital expenditures for community expansions, major community redevelopment and repositioning projects, and the development of new communities. Amounts of Development Capital Expenditures are presented net of lessor reimbursements. Interest Coverage is calculated based on the trailing-twelve months Owned Portfolio Operating Income adjusted for an implied 5% management fee and capital expenditures at $350/unit, divided by the trailing-twelve months debt interest expense. Lease Coverage is calculated based on the Leased Portfolio Operating Income, excluding resident fee revenue and facility operating expense of previously leased communities acquired and communities disposed during such period, adjusted for an implied 5% management fee and capital expenditures at an annualized rate of $350/ unit, divided by the cash facility lease payments for both operating leases and financing leases, excluding cash lease payments for leases of previously leased communities acquired and of communities disposed, community support centers, information technology systems and equipment, vehicles, and other equipment. Leased Portfolio Operating Income is defined by the Company as resident fee revenue less facility operating expense for the Company’s Senior Housing Leased Portfolio. Leased Portfolio Operating Income does not include general and administrative expense or depreciation and amortization. Net Debt is a non-GAAP financial measure that the Company defines as the total of its debt and the outstanding balance on the line of credit, less unrestricted cash, marketable securities, and cash held as collateral against existing debt. NM means not meaningful. Non-Development Capital Expenditures is comprised of corporate and community- level capital expenditures, including those related to maintenance, renovations, upgrades, and other major building infrastructure projects for the Company’s communities. Non-Development Capital Expenditures does not include capital expenditures for community expansions, major community redevelopment and repositioning projects, and the development of new communities (i.e. Development Capital Expenditures). Amounts of Non-Development Capital Expenditures are presented net of lessor reimbursements. Owned Portfolio Operating Income is defined by the Company as resident fee revenue less facility operating expense for the Company’s Senior Housing Owned Portfolio. Owned Portfolio Operating Income does not include general and administrative expense or depreciation and amortization. Definitions

17 RevPAR, or average monthly senior housing resident fee revenue per available unit, is defined by the Company as resident fee revenue for the corresponding portfolio for the period (excluding revenue for private duty services provided to seniors living outside of the Company's communities), divided by the weighted average number of available units in the corresponding portfolio for the period, divided by the number of months in the period. RevPOR, or average monthly senior housing resident fee revenue per occupied unit, is defined by the Company as resident fee revenue for the corresponding portfolio for the period (excluding revenue for private duty services provided to seniors living outside of the Company's communities), divided by the weighted average number of occupied units in the corresponding portfolio for the period, divided by the number of months in the period. Same Community information reflects operating results and data of a consistent population of communities by excluding the impact of changes in the composition of the Company's portfolio of communities. The operating results exclude natural disaster expense and related insurance recoveries. The Company defines its same community portfolio as communities consolidated and operational for the full period in both comparison years. Consolidated communities excluded from the same community portfolio include communities acquired or disposed of since the beginning of the prior year, communities classified as assets held for sale, certain communities planned for disposition including through asset sales or lease terminations, certain communities that have undergone or are undergoing expansion, redevelopment, and repositioning projects, and certain communities that have experienced a casualty event that significantly impacts their operations. Same Community Operating Income is defined by the Company as resident fee revenue less facility operating expense (excluding natural disaster expense and related insurance recoveries) for the Company's Same Community portfolio. Same Community Operating Income does not include general and administrative expense or depreciation and amortization. Segment Operating Income is defined by the Company as segment revenue less segment facility operating expense. Segment Operating Income does not include general and administrative expense or depreciation and amortization. All Other Segment Operating Income consists primarily of the previously reported Management Services segment and excludes revenue for reimbursements for which the Company is the primary obligor of costs incurred on behalf of managed communities, and there is no facility operating expense associated with the All Other category. See the Segment Information note to the Company’s consolidated financial statements for more information regarding the Company’s segments. Senior Housing Leased Portfolio represents Brookdale leased communities and does not include owned or managed communities. Senior Housing Operating Income is defined by the Company as segment revenue less segment facility operating expense for the Company’s Independent Living, Assisted Living and Memory Care, and CCRCs segments on an aggregate basis. Senior Housing Operating Income does not include general and administrative expense or depreciation and amortization. Senior Housing Owned Portfolio represents Brookdale owned communities and does not include leased or managed communities. Total Average Units represents the average number of units operated during the period. Transaction, Legal, and Organizational Restructuring Costs are general and administrative expenses. Transaction costs include those directly related to acquisition, disposition, financing, and leasing activity and stockholder relations advisory matters, and are primarily comprised of legal, finance, consulting, professional fees, and other third-party costs. Legal costs include charges associated with putative class action litigation. Organizational restructuring costs include those related to the Company’s efforts to reduce general and administrative expense and its senior leadership changes, including severance. Definitions

18 2025 2026 Twelve Months Ended March 31, 2026($ in 000s) 1Q 2Q 3Q 4Q Full Year 1Q Net income (loss) $ (64,993) $ (43,039) $ (114,738) $ (39,976) $ (262,746) $ (6,904) $ (204,657) Provision (benefit) for income taxes (676) (271) 167 (1,171) (1,951) (429) (1,704) Loss (gain) on debt modification and extinguishment, net 35,220 115 326 4,426 40,087 2,786 7,653 Other non-operating (income) loss (1,358) (2,060) (144) (240) (3,802) (115) (2,559) Interest expense 65,031 63,081 63,574 62,606 254,292 59,552 248,813 Interest income (3,648) (2,919) (3,020) (2,795) (12,382) (3,113) (11,847) Income (loss) from operations 29,576 14,907 (53,835) 22,850 13,498 51,777 35,699 Depreciation and amortization 90,976 92,853 94,792 76,906 355,527 73,463 338,014 Asset impairment 1,787 577 62,696 6,289 71,349 6,115 75,677 Loss (gain) on sale of communities, net — (43) (139) (2,186) (2,368) (4,034) (6,402) Loss (gain) on facility operating lease termination, net — — 4,480 (341) 4,139 — 4,139 Operating lease expense adjustment (3,853) (4,846) (4,685) (965) (14,349) (720) (11,216) Non-cash stock-based compensation expense 3,979 3,089 2,633 2,236 11,937 3,680 11,638 Transaction, Legal, and Organizational Restructuring Costs 1,674 10,513 5,129 770 18,086 771 17,183 Adjusted EBITDA $ 124,139 $ 117,050 $ 111,071 $ 105,559 $ 457,819 $ 131,052 $ 464,732 Interest expense: financing lease obligations (5,600) (1,750) (1,764) (1,683) (10,797) (1,700) (6,897) Payment of financing lease obligations (289) (297) (304) (305) (1,195) (296) (1,202) Adjusted EBITDA after cash financing lease payments $ 118,250 $ 115,003 $ 109,003 $ 103,571 $ 445,827 $ 129,056 $ 456,633 Adjusted EBITDA and Adjusted EBITDA after Cash Financing Lease Payments Reconciliations Appendix: Non-GAAP Financial Measures This Supplemental Information contains the financial measures Adjusted EBITDA, Adjusted EBITDA after cash financing lease payments, Adjusted Free Cash Flow, Net Debt, and Adjusted Net Debt (each as defined in the "Definitions" section), which are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). Presentations of these non- GAAP financial measures are intended to aid investors in better understanding the factors and trends affecting the Company’s performance and liquidity. However, investors should not consider these non-GAAP financial measures as a substitute for financial measures determined in accordance with GAAP, including net income (loss), income (loss) from operations, net cash provided by (used in) operating activities, short-term debt, long-term debt less current portion, or current portion of long-term debt. Investors are cautioned that amounts presented in accordance with the Company’s definitions of these non-GAAP financial measures may not be comparable to similar measures disclosed by other companies because not all companies calculate non-GAAP measures in the same manner. Investors are urged to review the reconciliations set forth in this Appendix of these non-GAAP financial measures from the most comparable financial measures determined in accordance with GAAP and to review the information under "Non-GAAP Financial Measure" in the Company’s earnings release dated May 6, 2026 for additional information regarding the Company’s use and the limitations of Adjusted EBITDA.

19 Net Debt and Adjusted Net Debt Reconciliations Appendix: Non-GAAP Financial Measures (continued) ($ in 000s) As of March 31, 2026 Long-term debt (including current portion) $ 4,306,985 Cash and cash equivalents (265,204) Marketable securities (4,939) Cash held as collateral against existing debt (8,116) Net Debt 4,028,726 Operating and financing lease obligations 1,207,790 Operating lease obligations related to certain non-facility leases for which the related lease expense is included in Adjusted EBITDA (25,763) Adjusted Net Debt $ 5,210,753 Operating and financing lease obligations $ 1,207,790 Operating lease obligations related to certain non-facility leases for which the related lease expense is included in Adjusted EBITDA (25,763) Adjusted operating and financing lease obligations 1,182,027 Operating and financing lease obligations related to community support centers and information technology leases (4,689) Operating and financing lease obligations for Leased Portfolio $ 1,177,338

20 2025 2026 ($ in 000s) 1Q 2Q 3Q 4Q Full Year 1Q Net cash provided by operating activities $ 23,402 $ 83,564 $ 76,525 $ 34,539 $ 218,030 $ 20,887 Net cash provided by (used in) investing activities (326,755) (50,399) (34,195) (44,602) (455,951) (29,734) Net cash provided by (used in) financing activities 239,669 (25,759) (34,565) 21,744 201,089 (508) Net increase (decrease) in cash, cash equivalents and restricted cash $ (63,684) $ 7,406 $ 7,765 $ 11,681 $ (36,832) $ (9,355) Net cash provided by operating activities $ 23,402 $ 83,564 $ 76,525 $ 34,539 $ 218,030 $ 20,887 Changes in prepaid insurance premiums financed with notes payable 22,392 (7,298) (7,484) (7,610) — 20,199 Changes in operating lease assets and liabilities for lessor capital expenditure reimbursements (2,013) (9,319) (8,706) (12,149) (32,187) (4,775) Changes in operating lease assets and liabilities for lease termination — — — 5,000 5,000 — Non-development capital expenditures, net (41,127) (48,814) (38,441) (42,318) (170,700) (48,380) Property and casualty insurance proceeds 1,415 2,072 204 184 3,875 140 Payment of financing lease obligations (289) (297) (304) (305) (1,195) (296) Adjusted Free Cash Flow $ 3,780 $ 19,908 $ 21,794 $ (22,659) $ 22,823 $ (12,225) The Company believes that presentation of Adjusted Free Cash Flow as a liquidity measure is useful to investors because (i) it is one of the metrics used by the Company’s management for budgeting and other planning purposes, to review the Company’s historic and prospective sources of operating liquidity, and to review the Company’s ability to service its outstanding indebtedness, pay dividends to stockholders, engage in share repurchases, and make capital expenditures, including development capital expenditures; and (ii) it provides an indicator to management to determine if adjustments to current spending decisions are needed. Adjusted Free Cash Flow has material limitations as a liquidity measure, including: (i) it does not represent cash available for dividends, share repurchases, or discretionary expenditures since certain non-discretionary expenditures, including mandatory debt principal payments, are not reflected in this measure; (ii) the cash portion of non- recurring charges related to gain/loss on facility lease termination generally represent charges/gains that may significantly affect the Company’s liquidity; and (iii) the impact of timing of cash expenditures, including the timing of non-development capital expenditures, limits the usefulness of the measure for short-term comparisons. Adjusted Free Cash Flow Reconciliation Appendix: Non-GAAP Financial Measures (continued) Brookdale Senior Living Inc. 105 Westwood Place Brentwood, TN 37027 (615) 221-2250 brookdale.com