Sonida Q1 net income $27M; occupancy rises to 85.9%, RevPAR +8.3% YoY

SONIDA SENIOR LIVING, INC.

2024-Q1 EPS reported $2.16 revenue$67,438,000

Net income $27.0M includes $38.1M gain on debt extinguishment; adjusted EBITDA $9.5M (+21.5% YoY).
Resident revenue $60.7M (+7.3% YoY); weighted avg occupancy 85.9% (+200 bps YoY).
RevPAR $3,557 (+8.3% YoY); Community NOI $14.9M (+$1.5M YoY), margin 24.6%.
Private placement of 5.03M shares at $9.50 grossed $47.8M; ATM program raised $10.3M in April.
Bought $74.4M Protective Life loan principal for $40.2M, reducing notes payable by $49.6M.

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 0.95

SONIDA SENIOR LIVING, INC. reported financial results for first quarter ended March 31, 2024.

Period: first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 10, 2024, Sonida Senior Living, Inc. (the “Company”) announced its financial results for the first quarter ended March 31, 2024 by issuing a press release. The full text of the press release issued in connection with the announcement is attached hereto as Exhibit 99.1.

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SONIDA SENIOR LIVING, INC. filing history →

Source: SEC EDGAR

accession 0001628280-24-022391

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