earnings
confidence high
sentiment positive
materiality 0.80
Sonida Q3 net loss narrows to $13.8M; Adjusted EBITDA up 9%; acquires 10 communities in Q4
SONIDA SENIOR LIVING, INC.
2024-Q3 EPS reported
-$0.05
revenue$212,395,000
- Net loss attributable to stockholders narrowed to $13.8M from $18.4M YoY; Adjusted EBITDA rose 8.7% to $10.1M.
- Same-store occupancy up 210 bps to 87.0%; RevPAR +7.1% to $3,692; Community NOI margin 26.7%.
- Acquired 8 senior living communities for $102.9M in Oct; 2 Atlanta communities for $29M in Nov; portfolio expanded 30%.
- Raised $130.4M gross equity in Aug; closed $150M revolving credit facility with BMO/RBC.
- Fannie Mae loan extension on $220.1M to Jan 2029; $18.3M Texas DPO at 36% discount.