secwatch.observer — SEC 8-K summary
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Issuer:     SONIDA SENIOR LIVING, INC. (SNDA)
CIK:        0001043000
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001628280-24-022391
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043000/000162828024022391/0001628280-24-022391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043000/000162828024022391/snda-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022391

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer