Sonida Senior Living Q1 net income $19.8M on $36.3M debt-extinguishment gain; Adj. EBITDA up 109%

SONIDA SENIOR LIVING, INC.

2023-Q1 EPS reported $2.76 revenue$62,073,000

Resident revenue $56.6M, up 11.4% YoY; ex-grants up 7.4%.
Net income attributable to common stockholders $19.8M vs net loss of $16.7M in Q1 2022.
Adjusted EBITDA $7.8M, +109.1% YoY, +69.1% sequentially.
Weighted average owned occupancy 84.0%, +220 bps YoY; same-store RevPAR +11.4%.
Adjusted Community NOI (ex-state grants) $11.4M vs $9.5M in Q1 2022; margin 21.2% vs 19.1%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SONIDA SENIOR LIVING, INC. reported first quarter ended March 31, 2023 results: revenue $56,606, net income $19.8 million.

Period: first quarter ended March 31, 2023
Revenue: $56,606
Net income: $19.8 million
Result: reported results

Exact text from the filing

FINANCIAL RESULTS FIRST QUARTER ENDED MARCH 31, 2023 (in thousands) Quarters Ended March 31, Quarter ended December 31, 2023 2022 2022 Consolidated results Resident revenue $ 56,606 $ 50,834 $ 53,388 Management fees 505 628 523 Operating expenses 43,808 41,929 45,073 General and administrative expenses 7,063 8,273 6,723 Gain (loss) on extinguishment of debt

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SONIDA SENIOR LIVING, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-017404

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