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. (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, 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.
FAQ
What is the current stock price of Sonida Senior Living (SNDA)?
What is the market cap of Sonida Senior Living (SNDA)?
What does Sonida Senior Living, Inc. do?
How many communities does Sonida Senior Living, Inc. operate?
What services are provided by Sonida Senior Living?
How many residents live in Sonida Senior Living communities?
What is the primary goal of Sonida Senior Living, Inc.?
Are there any recent achievements by Sonida Senior Living?
What are the core services offered by Sonida Senior Living?
How does Sonida Senior Living ensure quality care?
How can I stay updated with the latest news from Sonida Senior Living?
Where is Sonida Senior Living, Inc. listed?
