Sonida Senior Living Announces December 2021 Occupancy

Rhea-AI Summary

Sonida Senior Living, Inc. (NYSE: SNDA) announced a notable increase in occupancy for December 2021, achieving 81.6%, up 40 basis points from November. Year-over-year, occupancy rose by 500 basis points from 76.6% in December 2020. The fourth quarter average occupancy increased sequentially by 31.25 basis points to 81.3% compared to the third quarter. CEO Kimberly S. Lody expressed satisfaction with the growth while emphasizing continued safety measures against COVID-19.

Positive

• December 2021 average occupancy rose to 81.6%, highest in 2021.
• Year-over-year occupancy increased 500 bps from December 2020.
• Fourth quarter occupancy grew 31.25 bps compared to the third quarter.
• Year-over-year quarterly occupancy increased 392 bps over the fourth quarter 2020.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- Sonida Senior Living, Inc. (the “Company” or “Sonida Senior Living”) (NYSE: SNDA), a leading owner-operator of senior living communities and services announced its December 2021 occupancy.

Sonida Senior Living Occupancy Chart

December Highlights

• December average occupancy increased 40 bps sequentially – in a typically slow seasonal period—from November 2021 to 81.6%—its highest point in 2021.
• Year-over-year average monthly occupancy increased 500 bps compared to 76.6% in December of 2020.
• For the fourth quarter 2021, average occupancy increased sequentially 31.25 bps to 81.3% as compared to the third quarter.
• Year-over-year quarterly average occupancy grew 392 bps compared to the fourth quarter 2020.

“We are pleased with the Company’s continued occupancy growth and solid finish to 2021,” said Kimberly S. Lody, President and CEO. “We remain diligent in our activities to keep residents and employees safe from COVID-19 while staying laser focused on continuous and sustainable improvement in the fundamentals of the business.”

About the Company

Dallas-based Sonida Senior Living is one of the nation’s leading operators of independent living, assisted living and memory care communities for senior adults. The Company operates 75 communities that are home to nearly 7,000 residents across 18 states providing comfortable, safe, affordable communities where residents can form friendships, enjoy new experiences and receive personalized care from dedicated team members who treat them like family.

For more information, visit www.sonidaseniorliving.com or connect with the Company on Facebook, Twitter or LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005591/en/

Kimberly Lody (972) 308-8323, klody@sonidaliving.com

 

Source: Sonida Senior Living, Inc

FAQ

What is the average occupancy for Sonida Senior Living as of December 2021?

As of December 2021, Sonida Senior Living's average occupancy increased to 81.6%.

How does December 2021 occupancy compare to previous years for SNDA?

December 2021 occupancy increased by 500 bps year-over-year from 76.6% in December 2020.

What was the occupancy change for Sonida Senior Living in the fourth quarter of 2021?

In the fourth quarter of 2021, the average occupancy rose to 81.3%, an increase of 31.25 bps from the third quarter.

Who is the CEO of Sonida Senior Living?

The CEO of Sonida Senior Living is Kimberly S. Lody.