Sonida Senior Living Inc Stock Price, News & Analysis

Sonida Senior Living (NYSE: SNDA) will release its First Quarter 2022 earnings on May 23, 2022, before the market opens. A conference call to discuss these results is scheduled for the same day at 1:30 p.m. ET. The company has hired new financial leadership effective May 1, 2022, necessitating the filing of a Form 12b-25 for a late filing of its Quarterly Report on Form 10-Q for the quarter ending March 31, 2022. Sonida operates 76 communities nationwide, serving nearly 7,000 residents.

Sonida Senior Living (NYSE: SNDA) has appointed new members to its finance team, with Howard Garfield as Chief Accounting Officer and Debbie Milligan as Director of Financial Reporting, effective May 1, 2022. Garfield previously held senior finance roles at CorePoint Lodging and Monogram Residential Trust, while Milligan served as the Senior Director of Financial Reporting at CorePoint. The appointments aim to strengthen the company's financial expertise following a strategic capital raise in November, enhancing its operational capabilities to support growth.

Sonida Senior Living (NYSE: SNDA) reported its 2021 financial results, highlighting a strategic investment and rights offering that raised $154.8 million. The company showed a 5.3% increase in revenue per available unit (REVPAR) and improved occupancy rates, but overall resident revenue dropped significantly to $190.2 million from $357.1 million in 2020. The net income for 2021 was $125.6 million, rebounding from a $295.4 million loss in 2020, largely due to a gain on extinguishment of debt. The company concluded it can continue as a going concern following its refinancing efforts in March 2022.

Sonida Senior Living (NYSE: SNDA) has appointed Kevin Detz as Chief Financial Officer, effective May 1, 2022. With over 20 years of experience, including a notable tenure at Aimbridge Hospitality, Detz aims to enhance financial accountability and operational efficiency at Sonida. His leadership is expected to support the company's strategic growth amid rising demand for senior living solutions. Sonida operates 77 communities serving nearly 7,000 residents across 18 states, positioning itself as a key player in the senior living sector.

Sonida Senior Living (NYSE: SNDA) will release its fourth-quarter and full-year 2021 earnings on April 18, 2022, before market open. The company's 2021 Form 10-K will be filed on April 15, 2022. A conference call is scheduled for the same day at 1:30 p.m. Eastern Time, and it will be accessible via phone or webcast. Sonida operates 77 communities across 18 states, serving nearly 7,000 residents by providing independent living, assisted living, and memory care services. For further inquiries, contact Kimberly Lody at 972-308-8323.

Sonida Senior Living (NYSE:SNDA) announced it will file a Form 12b-25 for an extension on its Annual Report for the year ended December 31, 2021. The delay is attributed to a recapitalization transaction with Conversant Capital and changes in its accounting department. In Q4 2021, REVPAR rose 5.3% year-over-year, aided by a 390 basis point increase in occupancy. Average monthly occupancy improved to 82.2% in February 2022. Recently, the company acquired two independent living communities for $12.3 million and secured an $80 million refinancing to support growth.

Sonida Senior Living (NYSE: SNDA) has announced a new term loan agreement to refinance existing mortgage debt. This transaction includes an initial loan of $80 million and up to $50 million for growth initiatives. The refinancing will reduce total debt by $38.5 million and lower the blended interest rate for ten communities by approximately 63 basis points. The term loan also secures funding through mid-2024 and provides opportunities for performance-based rate reductions.

Sonida Senior Living, Inc. (NYSE: SNDA) has announced the acquisition of two renovated senior living communities, Northfield and Southfield Senior Living, for approximately $12.3 million. These properties, located near Indianapolis, add 157 independent living units to its portfolio, marking the first acquisition since November 2016. With a purchase price of about $79,000 per unit, the company aims to enhance occupancy from the current 55.5% to higher levels, targeting a 9% stabilized NOI yield. This acquisition follows a $154.8 million capital raise.

Sonida Senior Living Corporation (SNDA) announced its participation in the Virtual Stifel Seniors Housing & Healthcare Real Estate Conference on January 27, 2022. President Kimberly S. Lody and COO Brandon Ribar will hold virtual meetings, while Ribar will also join the Healthcare Operators Panel discussing post-COVID strategies. Recent strategic moves include a $154.8 million investment from Conversant Capital, aimed at improving liquidity and positioning the company for growth. Sonida operates 75 communities across 18 states, serving almost 7,000 residents.