Sonida Senior Living Inc
NYSE:SNDA
Sonida Senior Living Inc
Sonida Senior Living, Inc. engages in the operation of senior housing communities. The company is headquartered in Addison, Texas. The firm operates communities that are home to residents across states where residents can receive personalized care from team members. The company develops tailored care plans and coordinate supplemental services to help ensure their needs are being met, and it offers meals and daily fitness and wellness classes to help them. The company offers a continuum of care at its communities, which means residents can tailor their accommodations and care only paying for what they need. The company supports with day-to-day tasks from 24-hour staff alongside services, amenities and programming that foster independence. Through engaging programming, the Company creates opportunities for its residents. Its independent living communities are designed for seniors who want to live independently in community living.
Sonida Senior Living, Inc. engages in the operation of senior housing communities. The company is headquartered in Addison, Texas. The firm operates communities that are home to residents across states where residents can receive personalized care from team members. The company develops tailored care plans and coordinate supplemental services to help ensure their needs are being met, and it offers meals and daily fitness and wellness classes to help them. The company offers a continuum of care at its communities, which means residents can tailor their accommodations and care only paying for what they need. The company supports with day-to-day tasks from 24-hour staff alongside services, amenities and programming that foster independence. Through engaging programming, the Company creates opportunities for its residents. Its independent living communities are designed for seniors who want to live independently in community living.
CHP Acquisition: Sonida announced a $1.8 billion merger to acquire CNL Healthcare Properties, expected to close in late Q1 or early Q2 2026, aiming to improve real estate quality, boost AFFO per share, and reduce leverage.
Occupancy Gains: Same-store occupancy rose 90 basis points sequentially to 87.7% in Q3, reaching a record 88% in October and a spot occupancy of 89% by the end of the month.
Strong NOI & EBITDA: Total portfolio NOI grew 21% year-over-year, and Adjusted EBITDA improved over 30% driven by effective operations and acquisitions.
Acquisition Outperformance: Communities acquired in 2024 achieved occupancy growth from 76.3% to 83.7% and a 10% yield on acquisition costs within 12 months—well ahead of expectations.
Labor Stabilization: Labor trends normalized after internal restructuring, with increased focus on technology and staffing efficiency to support further margin expansion.
Debt Profile & Liquidity: 80% of debt now matures in 2029 or later, with $64 million available under the facility and a weighted average interest rate of 5.5%.
Merger Costs: Transaction costs related to the merger are expected to continue accruing, with $6.2 million incurred this quarter as part of an estimated $75 million total.
