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Sonida Senior Living, Inc. (SNDA) is a premier operator of independent living, assisted living, and memory care communities designed for senior adults. With a network of 75 communities housing nearly 7,000 residents across 18 states, Sonida Senior Living focuses on creating comfortable, safe, and affordable living environments. The company's mission is to provide residents with personalized care, opportunities to form friendships, and engaging new experiences.
As an owner-operator of senior housing communities in the United States, Sonida Senior Living offers a range of services including independent living, assisted living, respite care, temporary care programs, home care services, and memory care services. Each community is staffed 24/7 with dedicated team members who treat residents like family, ensuring a high quality of life.
The company’s core offerings include essential services such as meals, housekeeping, laundry, transportation, social and recreational activities, and healthcare monitoring. Sonida Senior Living aims to provide value through quality senior housing services at reasonable prices, making it a significant player in the senior living sector.
Recent achievements and projects reflect Sonida's commitment to enhancing resident experiences. The company continually invests in state-of-the-art facilities and innovative care solutions, positioning itself as a leader in the industry.
Stay tuned for the latest news and updates from Sonida Senior Living, Inc. to keep informed about their performance, events, and developments.
Sonida Senior Living (NYSE: SNDA) reported its Q2 2024 results, showcasing robust performance and strategic growth. Key highlights include a 230 basis points increase in average occupancy to 86.2%, a $5.7 million (10%) year-over-year rise in same-store resident revenue, and a $2.4 million reduction in net loss to $9.8 million.
Adjusted EBITDA rose by 50.6% year-over-year to $11.4 million, driven by operational improvements. Sonida acquired one community in Ohio and entered joint ventures to acquire eight more in the Midwest and Texas.
Additionally, Sonida raised $17.4 million through ATM Sales and filed a prospectus for a potential $500 million securities issuance. The company also secured an $8.7 million loan from BMO Bank and completed a $40.2 million loan repurchase.
Overall, revenue grew by 10.7% to $63.1 million, while operating expenses increased by 2.9% to $46 million. General and administrative expenses rose by 39.5% to $9.2 million.
Sonida Senior Living (NYSE: SNDA) has announced the date for its second quarter 2024 earnings release and conference call. The company, a leading operator, owner, and investor in senior living communities and services, will release its Q2 2024 earnings results before market open on Monday, August 12, 2024. A conference call and webcast to discuss the financial performance and operating results will follow at 11:00 a.m. Eastern Time on the same day.
Investors can access the earnings release on Sonida's Investor Relations website prior to the call. The conference call's toll-free dial-in number is (877) 407-0989, with no passcode required. Participants are advised to dial in 10 minutes early. A live webcast will be available, and a replay can be accessed through the same link following the call. The conference call recording will be available for replay from August 13 to August 26, 2024, by calling 877-660-6853 with passcode 13743708.
Sonida Senior Living announced significant strategic developments, including joint ventures and acquisitions, adding nine senior living communities to its portfolio in 2024. This includes 790 units across Texas, Ohio, Georgia, Missouri, and Kentucky. These acquisitions align with Sonida's strategy to acquire high-quality assets and leverage market knowledge for operational efficiency.
In Q2 2024, Sonida raised $18.9 million through an ATM equity offering to fund these acquisitions. The company also entered management agreements for two new properties in Minnesota and Wisconsin. Furthermore, Sonida has been added to the Russell 3000® Index effective July 1, 2024, which is expected to enhance investor awareness and broaden its shareholder base.
Sonida Senior Living, Inc. announces Max Levy as Chief Investment Officer and Lilly H. Donohue as a new Board member. Levy, transitioning from Conversant Capital, will lead investment strategy, while Donohue, with vast industry experience, will bring valuable insights to the Board. The company aims to enhance its portfolio through acquisitions and densification for operational efficiency.
Sonida Senior Living, Inc. announced strong Q1 2024 results with increased liquidity, revenue, and net income. The company's consolidated portfolio saw growth in occupancy, revenue, and net operating income. The Private Placement and Protective Life Loan Purchase significantly improved the company's financial position. Sonida is well-positioned for strategic expansion and value creation for shareholders.
Sonida Senior Living, Inc. (SNDA) completes acquisition in Ohio, raising total U.S. senior living properties to 72. Anticipates closing 8 more strategic communities in Q2 2024. Raises $10.3 million through equity offering program. Plans to enhance shareholder return through strategic acquisitions and operational growth.
Sonida Senior Living, Inc. (NYSE: SNDA) disclosed the date for its first quarter 2024 earnings release and conference call. The company will release its results on May 10, 2024, and conduct a conference call at 12:30 p.m. Eastern Time on the same day. Investors can access the earnings release on the Investor Relations website. The call will be recorded and available for replay until May 24, 2024.
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