SNDA
Sonida Senior Living, Inc.31.53
-0.06-0.19%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
591.82MP/E (TTM)
-Basic EPS (TTM)
-2.99Dividend Yield
0%Recent Filings
8-K
8-K
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.
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