Sonida Senior Living, Inc. develops, owns, operates, and manages senior housing communities in the United States. The company provides independent living services, which include daily meals, transportation, social and recreational activities, laundry, housekeeping, and 24-hour staffing; and access to health screenings, periodic special services, and dietary and similar programs, as well as exercise and fitness classes. It also offers assisted living services consist of personal care services, such as assistance with activities of daily living, including ambulation, bathing, dressing, eating, grooming, personal hygiene, and monitoring or assistance with medications; support services, including meals, assistance with social and recreational activities, laundry, general housekeeping, maintenance, and transportation services; and supplemental services, which include extra transportation, personal maintenance, and extra laundry, as well as special care services for residents with various forms of dementia. In addition, the company provides memory care services; and home care services through third-party providers. As of December 31, 2020, it operated 101 senior housing communities in 22 states with an aggregate capacity of approximately 13,000 residents, including 60 owned and 12 leased senior housing communities. The company was formerly known as Capital Senior Living Corporation and changed its name to Sonida Senior Living, Inc. in November 2021. Sonida Senior Living, Inc. was founded in 1990 and is headquartered in Dallas, Texas.
IPO Year:
Exchange: NYSE
Website: sonidaseniorliving.com
Sonida Senior Living, Inc. (the "Company," "Sonida," "we," "our," or "us") (NYSE:SNDA) a leading owner, operator and investor of senior housing communities, today announced its results for the third quarter ended September 30, 2024. "Sonida's emphasis on its results-driven operational, financial and capital allocation strategies yielded another quarter of meaningful performance and portfolio expansion. Same-store revenue, community net operating income, resident rates and occupancy demonstrated continuing gains year-over-year. On the external growth front, we have expanded our portfolio by 30% in just the last six months by acquiring 19 senior living communities (including 10 in the fourt
Completes previously disclosed purchase of two senior living communities in Atlanta market for $29.0 million Brings total year-to-date acquired properties to 19 and total operating portfolio to 93 communities Completes previously disclosed discounted payoff of two mortgage loans representing $28.7 million of outstanding principal for $18.5 million, a 36% discount Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in senior living communities, announced today the closing of its latest acquisition, as the Company continues to execute on its capital allocation and inorganic, accretive growth strategy, which aims to further expand and u
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in communities and services for seniors, today announced that it will issue its third quarter 2024 earnings results before the market opens for trading on Wednesday, November 13, 2024. The Company will then host a conference call and webcast to review its financial performance and operating results at 11:00 a.m. Eastern Time. The dial-in number for the conference call is (800) 715-9871 (or +1 (646) 307-1963 for international callers), and the participant passcode is 4619110. A live webcast can be accessed here. All participants are asked to connect 10 minutes prior to the start of the
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in senior living communities, announced today that Tabitha Bailey will be appointed senior vice president and chief legal officer, effective January 1, 2025, reporting to President and Chief Executive Officer, Brandon Ribar. Ms. Bailey will succeed David Brickman, who will be stepping down from his current role to pursue other opportunities after a distinguished, 32-year career with Sonida. In the interim, Mr. Brickman and Ms. Bailey will be working closely together to ensure a seamless transition. To assist through this period, the Company and Mr. Brickman have entered into a six-mont
Completes previously announced acquisition of eight senior living communities in the Southeast for $103 million, bringing total year-to-date acquired properties to 17 and total operating portfolio to 91 communities Enters into agreement to acquire two new communities in Atlanta, GA for $29 million Closes additional $75 million commitment on senior secured revolving credit facility, expanding total capacity to $150 million Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in communities and services for seniors, today provided an update on its recently closed acquisitions and capital markets activity. "Both of these transactions co
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in communities and services for seniors, announced today that Brandon Ribar, President and Chief Executive Officer, and Max Levy, Chief Investment Officer, will participate in the BofA Securities 2024 Global Real Estate Conference on September 12, 2024, at the Bank of America Tower in New York. Hosted by BofA Global Research, the conference features company roundtable discussions, thematic panel talks with global leaders on emerging trends in the industries and one-on-one/small group meetings with over 140 global issuers. Management will be available for one-on-one meetings during
New pending acquisition of eight-asset senior housing portfolio for $103 million to grow Sonida's total senior living operating portfolio to 91 communities Raised $130 million in gross proceeds through upsized public offering of common stock in August 2024 to fund pending acquisitions $150 million commitment on new senior secured revolving credit facility to support growth Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in communities and services for seniors, today provided a summary on its recent capital markets activity and pending acquisitions. "On the heels of strong second quarter operating results, which demonstrated
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in senior housing communities, announced today that it has priced an underwritten public offering of 4,300,000 shares of its common stock upsized from 4,000,000 shares at launch. The price to the public of the offering is $27.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 645,000 shares of the Company's common stock. The offering is expected to close on August 19, 2024, subject to customary closing conditions. The Company intends to use $102.9 million of the net proceeds from the offering to fund the purchase price for the propo
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in senior housing communities, announced today that it has commenced an underwritten public offering of 4,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase 600,000 additional shares of the Company's common stock. The Company intends to use $102.9 million of the net proceeds, including any net proceeds from the underwriter's exercise of their option to purchase additional shares, from the offering to fund the purchase price for the proposed acquisition of eight senior living communities and for other general corporate purpose
Portfolio will continue to strengthen Sonida's asset mix with the addition of newer vintage, high-quality real estate at significant discounts to replacement cost Solidifies presence in the Southeast in submarkets with strong demographic tailwinds and limited supply growth New planned acquisition, combined with recently closed acquisitions, will total 17 communities added to Sonida's owned senior living portfolio in 2024 Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in communities and services for seniors, today announced that the Company is under contract to acquire eight senior living communities strategically located in a
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Max Levy appointed Chief Investment Officer in newly created role Lilly H. Donohue, a long-time senior living industry executive, to join Board of Directors Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner-operator and investor in communities and services for seniors, today announced the appointment of Max Levy to the newly created role of Chief Investment Officer ("CIO"). In addition, the Company also announced today that Lilly H. Donohue will be appointed to the Board. As CIO and a member of the executive committee, Mr. Levy, who is transitioning to Sonida from his role as a Principal at Conversant Capital ("Conversant"), the Company's largest shar
Expands Sonida's Leadership Team with Robust Clinical Operations Expertise Sonida Senior Living, Inc. (the "Company" or "Sonida Senior Living") (NYSE:SNDA), a leading owner-operator of senior living communities and services, announced the appointment of Tabitha Obenour as Vice President and Chief Clinical Officer, effective November 1, 2023. Obenour joins Sonida from senior living provider Enlivant where she served as the company's Vice President of Clinical Quality and Compliance. "As our company continues to look for growth opportunities, operational excellence and resident care remain our highest priorities. A clinical leader with 20 years' experience, Tabitha has a deep understandin
CEO Kim Lody to step down after eight years with the Company Brandon Ribar promoted from COO to CEO Sonida Senior Living, Inc. (the "Company" or "Sonida") (NYSE:SNDA), one of the nation's leading senior living owner-operators, announced that Kimberly S. Lody has decided to step down after an eight-year tenure with the Company, including approximately three and a half years as Chief Executive Officer (CEO). In accordance with the Company's succession plan, Brandon M. Ribar, the Company's Chief Operating Officer (COO), has been appointed President and CEO, effective September 2, 2022. Lody will continue to serve in her current role through September 2, 2022, to ensure a smooth transition. Ri
Sonida Senior Living, Inc. (the "Company" or "Sonida Senior Living") (NYSE:SNDA), one of the nation's leading senior living owner-operators, announced the appointment of Tim Cober, CPA, as Chief Accounting Officer, effective July 1, 2022. Cober joins Sonida Senior Living from Spire Hospitality, a national third-party hospitality management company, where he most recently served as Vice President of Accounting. Cober will succeed Howard Garfield whose last day with the Company will be July 1, 2022. "Tim is a hands-on and results-driven accounting and finance executive with extensive experience leading large teams through organizational change to improve internal processes and systems. Tim h
Deepens Sonida's Leadership Team with Significant Corporate Finance and Accounting Expertise Sonida Senior Living Corporation (NYSE:SNDA), one of the nation's leading senior living owner-operators, announced the appointment of Kevin Detz, CPA, as Chief Financial Officer, effective May 1, 2022. Detz joins Sonida from Aimbridge Hospitality, the leading third-party global hotel management company, where he most recently served as Executive Vice President and Operational Chief Financial Officer. "Kevin is a transformational leader with 20 years' experience instilling financial accountability and creating scalability and labor efficiencies for global operating companies and financial services
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in communities and services for seniors, today announced that it will issue its third quarter 2024 earnings results before the market opens for trading on Wednesday, November 13, 2024. The Company will then host a conference call and webcast to review its financial performance and operating results at 11:00 a.m. Eastern Time. The dial-in number for the conference call is (800) 715-9871 (or +1 (646) 307-1963 for international callers), and the participant passcode is 4619110. A live webcast can be accessed here. All participants are asked to connect 10 minutes prior to the start of the
Sonida Senior Living, Inc. (the "Company," "Sonida," "we," "our," or "us") (NYSE:SNDA) a leading owner, operator and investor of senior housing communities, today announced its results for the second quarter ended June 30, 2024. "Continued momentum through focused execution on our operational, financial and strategic growth initiatives resulted in another quarter of exceptional performance. In the second quarter, revenue, community net operating income, resident rates and occupancy all exhibited meaningful and accelerating gains both year-over-year and quarter-over-quarter. In addition to its strong operating performance, Sonida continued leaning into its strategic expansion goals by acqu
Sonida Senior Living, Inc. ("Sonida" or "the Company") (NYSE:SNDA), a leading operator, owner and investor in communities and services for seniors, today announced that it will issue its second quarter 2024 earnings results before the market opens for trading on Monday, August 12, 2024. The Company will host a conference call and webcast to review its financial performance and operating results on Monday, August 12, 2024, at 11:00 a.m. Eastern Time. Please visit the Investor Relations website to view the earnings release before the conference call. The participant toll-free dial-in number for the conference call is (877) 407-0989 (no passcode required). All phone participants are asked
Sonida Senior Living, Inc. (the "Company," "we," "our," or "us") (NYSE:SNDA), a leading owner-operator and investor in communities and services for seniors, today announced its results for the first quarter ended March 31, 2024. "We achieved strong across-the-board results during the first quarter of 2024, executing on our key financial and operational priorities with year-over-year occupancy, revenue and community net operating income all demonstrating continued growth. With our recent balance sheet and liquidity advancements, Sonida has meaningfully positioned itself for strategic expansion and continued momentum, with an eye on shareholder value creation into the second quarter and bey
Sonida Senior Living, Inc. ("Sonida" or "the Company") (NYSE:SNDA), a leading owner-operator and investor in communities and services for seniors, today announced that it will issue its first quarter 2024 earnings results before the market opens for trading on Friday, May 10, 2024. The Company will host a conference call and webcast to review its financial performance and operating results on Friday, May 10, 2024, at 12:30 p.m. Eastern Time. Please visit the Investor Relations website to view the earnings release before the conference call. The participant toll-free dial-in number for the conference call is (877) 407-0989 (no passcode required). All phone participants are asked to dial
Sonida Senior Living, Inc. (the "Company," "we," "our," or "us") (NYSE:SNDA) announced results for the fourth quarter and for the full year ended December 31, 2023. "2023 was a transformational year for Sonida. We achieved significant performance milestones while accomplishing key strategic objectives and delivering industry-leading care and services to our residents. These achievements included balance sheet optimization through the comprehensive restructuring of our debt culminating in the $47.8 million equity private placement that closed in the first quarter of 2024. The operational developments and greatly strengthened balance sheet establish Sonida as a differentiated operator, owne
Sonida Senior Living, Inc. (NYSE:SNDA) ("Sonida" or "the Company") announced today that it will issue its fourth quarter and full year 2023 earnings release before the market opens for trading on the New York Stock Exchange on Wednesday, March 27, 2024. A conference call to discuss those earnings will be held on the same day, Wednesday, March 27, 2024, at 12:30 p.m. Eastern Time. The Company will file its 2023 Form 10-K on Wednesday, March 27, 2024. The call-in number for the conference call is 877-407-0989 (no passcode required). A link to a simultaneous webcast of the teleconference will be available here through Windows Media Player or RealPlayer. The conference call will be recorded
Sonida Senior Living, Inc. (the "Company," "we," "our," or "us") (NYSE:SNDA) announced results for the third quarter ended September 30, 2023. "We continue to see growth in both year-over-year occupancy and revenue that is surpassing industry trends. This strong financial performance combined with our improved debt structure has Sonida firmly positioned for strategic expansion within the marketplace," said Brandon Ribar, President and CEO. "As we close out the year and prepare for 2024, we look forward to bringing our signature programs and services to more seniors and to pursuing new avenues of growth and shareholder value creation." Third Quarter Highlights Weighted average occupan
Sonida Senior Living, Inc. (NYSE:SNDA) ("Sonida" or "the Company") announced today that it will issue its Third Quarter 2023 earnings release before the market opens for trading on the New York Stock Exchange on Tuesday, November 14, 2023. A conference call to discuss those earnings will be held on Tuesday, November 14, 2023, at 4:00 p.m. Eastern Time. The call-in number for the conference call is 877-407-0989 (no passcode required). A link to a simultaneous webcast of the teleconference will be available here through Windows Media Player or RealPlayer. The conference call will be recorded and available for replay starting November 15, 2023, through November 29, 2023. To access the conf
Sonida Senior Living, Inc. (the "Company," "we," "our," or "us") (NYSE:SNDA) announced results for the second quarter ended June 30, 2023. "The Company's consistent occupancy and revenue growth year-over-year and the additional financial flexibility created by successful agreements with our two largest lending partners enable us to continue building on our strong operational momentum and prepare for strategic expansion," said Brandon Ribar, CEO and President. "Demand for senior housing continues to accelerate, and inventory supply remains slow. With our strong, stable leadership across the portfolio and dedication to operational excellence, Sonida is well positioned to serve the growing a
- SEC Filing
Sonida Senior Living (NYSE:SNDA) reported quarterly earnings of $2.16 per share. This is a 21.74 percent decrease over earnings of $2.76 per share from the same period last year. The company reported $67.44 million in sales this quarter. This is a 8.64 percent increase over sales of $62.07 million the same period last year.
Recently completed acquisition in Ohio bringing total U.S. senior living portfolio to 72 communitiesIn process of acquiring an additional eight geographically strategic communities alongside joint venture partners with anticipated closings in second quarter 2024In process of broadening management footprint with 3 new communities scheduled to transition to Sonida in June 2024Raised approximately $10.3 million in net proceeds through At-the-Market (ATM) equity offering program in April 2024 to fund identified acquisitionsSonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner-operator and investor in communities and services for seniors, today announced the recent c
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Sonida Senior Living (NYSE:SNDA) reported quarterly losses of $(2.17) per share. This is a 22.22 percent increase over losses of $(2.79) per share from the same period last year. The company reported $65.72 million in sales this quarter. This is a 10.41 percent increase over sales of $59.52 million the same period last year.
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