Sonida Senior Living Announces November 2021 Occupancy

Rhea-AI Summary

Sonida Senior Living (NYSE: SNDA) reported its November 2021 occupancy rate at 81.2%, a significant 590 basis point increase from the pandemic low of 75.3% in February 2021. The year-over-year growth is 370 basis points compared to November 2020. Strong leading indicators include a substantial rise in lead volume and tours, with tours up over 400% year-over-year and nearly 40% higher than November 2019. The company operates 75 communities across 18 states, housing nearly 7,000 residents.

Positive

• Occupancy steady at 81.2%, reflecting recovery post-pandemic.
• 590 basis points increase from February 2021 low of 75.3%.
• Year-over-year occupancy growth of 370 basis points.
• Monthly lead volume and tours nearly at pre-pandemic levels.

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 November 2021 occupancy.

Sonida Senior Living Occupancy Chart November 2021 (Graphic: Business Wire)

November Highlights

• Occupancy steady at 81.2%
• Increase of 590 basis points from the pandemic low average monthly occupancy of 75.3% in February of 2021
• Year-over-year occupancy growth of 370 basis points compared to November 2020

Leading indicators, such as leads and tours, continue to be strong. Monthly lead volume has improved steadily from November 2020 and is nearly at pre-pandemic levels. Tours are more than four times higher year-over-year, compared to November of 2020, and nearly 40% higher than the same month in 2019.

About the Company

Dallas-based Sonida Senior Living, Inc. 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/20211214005580/en/

Kimberly Lody

(972) 308-8323

klody@sonidaliving.com

Source: Sonida Senior Living, Inc.

FAQ

What is the current occupancy rate for Sonida Senior Living (SNDA) as of November 2021?

The current occupancy rate for Sonida Senior Living (SNDA) is 81.2% as of November 2021.

How much has the occupancy rate increased since the pandemic low for SNDA?

The occupancy rate has increased by 590 basis points from the pandemic low of 75.3% in February 2021.

What is the year-over-year occupancy growth for SNDA in November 2021?

The year-over-year occupancy growth for SNDA in November 2021 is 370 basis points compared to November 2020.

How do the lead volume and tours compare year-over-year for SNDA?

Lead volume has improved significantly, and tours are more than four times higher year-over-year compared to November 2020.