earnings
confidence high
sentiment positive
materiality 0.75
Sonida Senior Living Q2 net loss narrows to $9.8M; Adj EBITDA rises 51% to $11.4M
SONIDA SENIOR LIVING, INC.
2024-Q2 EPS reported
$1.08
revenue$137,645,000
- Net loss of $9.8M improved $2.4M YoY; revenue $63.1M (+10.8% ex-grants).
- Same-store occupancy 86.2% (+230bps); RevPAR +11.3% to $3,673.
- Acquired/ JV'd nine communities in Q2/post-Q2; 51% stake in Palatine JV (4 assets) for $6.4M.
- Texas loan modification allows discounted payoff of $18.5M vs $28.7M principal (36% discount).
- Raised $17.4M net via ATM in Q2; filed $500M shelf; new BMO loan of $8.7M.