Sonida Senior Living Q3 net loss $18.4M; adjusted EBITDA rises to $9.3M, occupancy up 150 bps

SONIDA SENIOR LIVING, INC.

2023-Q3 EPS reported -$1.54 revenue$189,602,000

Resident revenue $59.1M, up 12.6% YoY; weighted average occupancy 84.9% (vs 83.4% YoY).
Adjusted EBITDA $9.3M, up from $4.4M YoY; community NOI margin improved to 24.8% from 19.0%.
RevPAR $3,446 (+13.7% YoY) and RevPOR $4,061 (+11.7% YoY) both increased.
Net cash provided by operations $10.6M year-to-date vs $2.9M for same period 2022.
Net loss includes $6.0M long-lived asset impairment; no EPS or forward guidance provided.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SONIDA SENIOR LIVING, INC. reported third quarter ended September 30, 2023 results: revenue $59,117, net income Net loss for the third quarter was $18.4 million.

Period: third quarter ended September 30, 2023
Revenue: $59,117
Net income: Net loss for the third quarter was $18.4 million
Result: reported results

Exact text from the filing

THREE MONTHS ENDED SEPTEMBER 30, 2023 (in thousands) Three Months Ended September 30, Three Months Ended June 30, 2023 2022 2023 Consolidated results Resident revenue (1) $ 59,117 $ 52,485 $ 56,960 Management fees 569 608 531 Operating expenses 44,486 43,123 44,662 General and administrative expenses 8,615 5,851 6,574 Long-lived asset impairment 5,965 — —

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

SONIDA SENIOR LIVING, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-038753

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