Sonida Senior Living, Inc.
25.73-0.44 (-1.68%)
Oct 29, 4:00:02 PM EDT · NYSE · SNDA · USD
Key Stats
Market Cap
484.32MP/E (TTM)
-Basic EPS (TTM)
-2.62Dividend Yield
0%Recent Filings
8-K
Sonida amends $137M Ally loan
Sonida Senior Living amended its $137 million senior secured term loan with Ally Bank on August 7, 2025, restating the prior agreement to include an initial $122 million advance on 19 communities—adding the Alpharetta acquisition—while retaining $15 million in delayed draws tied to debt yield and coverage thresholds. The facility matures in 36 months at SOFR plus 2.65%, with potential step-downs to 2.45% based on performance, extending runway beyond the original March 2026 deadline and unlocking up to $40 million more for future properties. Lenders waived prior defaults, but covenants demand tight debt metrics to avoid cash sweeps.
10-Q
Q2 FY2025 results
Sonida Senior Living boosted resident revenue 29.6% year-over-year to $81.8M in Q2 FY2025 ended June 30, 2025, fueled by higher rents and 18 new communities, while total revenue climbed 33.2% to $93.5M; yet operating expenses rose 33.5% to $61.4M, yielding a $2.0M net loss versus $9.8M last year, narrowed by $8.8M in employee retention credits. Gross margin held steady around 35% amid labor pressures, with community NOI up 20.5% to $21.2M. Acquisitions in Florida and Georgia added $22M in assets, financed by $9M debt; cash dipped to $14.1M but revolver offers $32.9M availability against $681M total debt at 5.5% average rate. Free cash flow turned positive at $2.6M (derived) from $12.8M operating cash minus $15.3M capex. Diluted EPS of -$0.16 reconciles to 18.1M shares with no anti-dilution. Elevated labor costs from skilled worker shortages pose ongoing risks.
8-K
Sonida Q2 revenue surges 29.7%
Sonida Senior Living reported Q2 2025 results with resident revenue up 29.7% to $81.8 million year-over-year, driven by acquisitions and 5.0% RevPAR growth in same-store communities at 86.5% occupancy. Adjusted EBITDA rose 23.7% to $14.1 million, while net loss narrowed to $1.6 million from $9.8 million. Acquisitions added two communities in May and June; a $137 million term loan closed August 7, but rising labor costs squeezed NOI margins to 28.0%. Momentum builds.
8-K
Annual meeting approvals passed
Sonida Senior Living stockholders approved key governance items at their June 10, 2025 annual meeting. They elected Lilly H. Donohue, Benjamin P. Harris, and David W. Johnson to three-year board terms, with overwhelming support exceeding 16.9 million 'FOR' votes each. The meeting ratified BDO USA as auditors for 2025 and endorsed executive pay on an advisory basis. Strong backing signals investor confidence in leadership direction.
8-K
Sonida closes $22M acquisitions
Sonida Senior Living closed two senior living acquisitions on May 30 and June 1, 2025, buying upscale communities in Tampa and Atlanta submarkets for $11 million each, totaling $22 million at discounts to replacement cost. These deals densify portfolios to eight Florida and four Atlanta assets, funded by cash, credit facility, and a $9 million non-recourse mortgage at SOFR + 0% initially. Sonida eyes double-digit cap rates post-stabilization. Deals sharpen regional efficiencies amid favorable demographics.
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