---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-017404"
form_type: "8-K"
ticker: "SNDA"
cik: "0001043000"
company_name: "SONIDA SENIOR LIVING, INC."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:23:42.325228+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001628280-23-017404
- form_type: 8-K
- ticker: SNDA
- cik: 0001043000
- company_name: SONIDA SENIOR LIVING, INC.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043000/000162828023017404/0001628280-23-017404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043000/000162828023017404/snda-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-017404
- JSON: https://secwatch.observer/filing/0001628280-23-017404.json
- Plain text: https://secwatch.observer/filing/0001628280-23-017404.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000162828023017404/0001628280-23-017404-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.