Welcome to our dedicated page for Sonida Senior Living news (Ticker: SNDA), a resource for investors and traders seeking the latest updates and insights on Sonida Senior Living stock.
Sonida Senior Living, Inc. operates as an owner, operator and investor in senior housing communities across the United States. The company’s news centers on independent living, assisted living and memory care communities; occupancy, RevPAR, RevPOR and community NOI trends; portfolio acquisitions and rationalization; and balance sheet and capital allocation priorities.
Company updates also cover earnings releases, investor presentations, annual meeting materials and integration of the CNL Healthcare Properties merger, which expanded Sonida’s owned, managed and invested senior housing footprint under the SNDA ticker on the NYSE.
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Sonida Senior Living, Inc. (NYSE: SNDA) announced its Q4 and full-year 2022 results, revealing significant operational improvements despite a net loss of $16.6 million.
Weighted average occupancy rose by 310 basis points year-over-year to 62 communities, while resident revenue increased by 8.1% compared to Q4 2021. Adjusted EBITDA surged by 71.3% to $4.6 million, driven by improved operations.
However, the company faced challenges, including rising expenses and a substantial net loss margin of 27.8% for the quarter. Future outlook remains cautious due to economic pressures and debt obligations.
Sonida Senior Living (NYSE: SNDA) will release its fourth quarter and full year 2022 earnings on March 30, 2023, before the market opens. A conference call to discuss the earnings will follow at 2:30 p.m. Eastern Time on the same day. Investors can access the conference call via phone at 877-407-0989 or through a webcast link provided in the press release. The company will also file its 2022 Form 10-K on March 30, 2023. Sonida operates 72 senior housing communities across 18 states, focusing on independent, assisted living, and memory care services for approximately 8,000 residents.
Sonida Senior Living reported a net loss of $13.7 million for Q3 2022, compared to a net income of $36.5 million last year. Despite challenges, the company’s weighted average occupancy improved by 230 basis points year-over-year, reaching 83.7%. Resident revenue rose 7.2% to $52.5 million, while Adjusted EBITDA increased by 41% to $4.4 million. The company faced higher operating expenses, mainly due to labor costs. The management emphasizes ongoing operational improvements and growth in revenue from enhanced team expertise.
Sonida Senior Living (NYSE: SNDA) will release its Third Quarter 2022 earnings before the market opens on November 14, 2022. A conference call to discuss the earnings will occur on the same day at 1:30 p.m. Eastern Time, with a call-in number of 877-407-0989. The call will be recorded for replay until November 29, 2022. Sonida operates 72 communities across 18 states, providing care for approximately 7,800 residents and aims to facilitate comfortable aging for seniors.
Sonida Senior Living reported its Q2 2022 results, showing a 460 basis point increase in weighted average occupancy year-over-year. Resident revenue rose 11.6% to $52 million. Nonetheless, the company experienced a net loss of $8.5 million. Adjusted EBITDAR improved significantly by 1,370 basis points quarter-over-quarter, reaching $4.2 million, aided by a 41% reduction in contract labor costs. The NOI margin decreased slightly by 90 basis points to 20.6% amidst ongoing challenges from the COVID pandemic.
Sonida Senior Living (NYSE: SNDA) announced the resignation of CEO Kimberly Lody after eight years. Brandon Ribar, the former COO, has been promoted to CEO effective September 2, 2022. Lody leaves after leading a significant turnaround plan to stabilize the company, which included exiting unprofitable assets and a recapitalization in November 2021. The company operates 76 communities with a capacity for approximately 9,500 residents. Lody’s departure signals a transition in leadership as the company aims for further growth post-pandemic.