📈 Price History

Ratio Health

— Excellent

— Good

— Average

— Poor

By Category

📊 Sector Averages

About

Sonida Senior Living, Inc. owns and operates 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 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, such as 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 services, as well as special care services for residents with various forms of dementia. In addition, it offers memory care services; and home care services through third-party providers, such as customized physician, dentistry, podiatry, and other health-related rehabilitation and therapy services. Further, it provides respite care and temporary care and therapy programs. 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 based in Dallas, Texas.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

See full financials →

📊 Quick Scorecard

Loading…

⭐ Superinvestors Holding SNDA

View All Superinvestors →

Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	134.8K	$4.3M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management uses phrases like 'remain on track', 'record high occupancy', and 'strong summer growth'. They provide specific figures (26.1% EBITDA growth, 5% sequential NOI growth, 88.2% July same-store occupancy) and directly address challenges (move-outs, technology costs) with concrete responses.

Q3 2025

Confident Specific

Management repeatedly cites precise percentages (90 bps occupancy increase, 21% NOI growth, 30% EBITDA improvement, 4.7% rate increase) and details operational improvements without deflection. The tone is forward-looking and assured, especially regarding the CHP merger and acquisition portfolio performance.

Q4 2025

Confident Specific

Management used precise figures (95% vote support, 8M fewer shares, NOI +22%, EBITDA +28%, RevPOR +5.9%) and repeatedly emphasized momentum, strong execution, and clear synergy targets.

Q1 2026 latest

Confident Specific

Management used phrases like 'pleased with both the results', 'strong year-over-year growth', 'encouraged by the momentum', provided specific metrics (e.g., occupancy up 220 bps, NOI margin up 170 bps).

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is strengthened this call. Strong same-store occupancy (+220 bps) and rate growth (+5% RevPOR) translated into a 14% NOI increase and 170 bps margin expansion, demonstrating operating leverage. The integration of CHP is on track with first six communities transitioned and eleven more scheduled, confirming management's ability to execute at scale. The refined capital allocation framework provides clear priorities: internalization of management, recycling non-core assets, and disciplined acquisitions. Key risks to watch are the pace of occupancy recovery in newly acquired/transitioned communities and the timing of deleveraging to the mid-6x target. Next quarter focus: margin progression in transitioning assets and any update on the bridge loan refinancing.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Sonida reports same-store NOI up 14%, occupancy 87.2%, launches phase III compounding

Revenue & Profitability

Same-store resident revenue increased 7.6% year-over-year, RevPOR rose 5%, and occupancy expanded 220 basis points to 87.2%. Same-store community NOI grew 14% to $48 million, with NOI margin expanding 170 basis points to 31.2%. Total SHOP NOI was $51.3 million, up 11.3% year-over-year, with total SHOP occupancy of 85.7%. The 2024 acquisition cohort achieved an 11.5% annualized yield on cost.

Outlook

Management expressed confidence in continued demographic demand, noting their portfolio is concentrated in markets with 75+ population growth 300 bps above national average. They see sustained pricing power and occupancy upside. The transition of added communities and internalization of third-party management are expected to drive further margin expansion.

Growth Drivers

Key growth drivers include internalizing management of SHOP communities previously managed by third parties (targeting majority of 54 communities over time), acquiring assets at attractive yields (targeting high single to low double digits), and capital recycling through disposition of non-core assets (~10% of portfolio). Platform density and regional clustering compound operating leverage.

Balance Sheet & CapEx

Not discussed explicitly in terms of CapEx guidance. The company continues to invest in SPIN's capabilities, including AI advancements for advanced analytics. The rollout of SPIN across the enlarged portfolio is a priority. They also selectively invest in targeted CapEx for communities with the clearest return visibility.

Margins

Same-store NOI margins expanded 170 bps year-over-year to 31.2%, driven by labor efficiency (labor costs declining 100 bps as a % of revenue) and controlled non-labor costs. The spread between RevPOR and non-labor expenses improved 320 bps. As occupancy ramps, incremental margin gains are expected from wider spreads and internalized management fee savings.

Key Risks

Risks mentioned include near-term dilution from newly acquired and transitioning communities as they progress towards stabilization. Execution risk in internalizing third-party management and integrating acquisitions. Leverage target and bridge loan refinancing dependency on market conditions. Also, forward-looking statements caution about actual results differing due to various factors.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

🔍

🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-10

Q2 2026 saw strong growth in occupancy, NOI, and margins, driven by successful integration of acquisitions, operational improvements, and the SPIN platform. Financial flexibility improved with new debt financing and capital recycling, while management targets further margin and occupancy gains as integration continues.

Q1 2026 Q1 2026 2026-05-11

Q1 2026 saw strong year-over-year growth in occupancy, revenue, and NOI, driven by the successful integration of the CHP acquisition and operational improvements. The company is focused on disciplined capital allocation, margin expansion, and expects further synergies and asset dispositions in the second half of 2026.

Q4 2025 Q4 2025 2026-03-11

Completed a transformative $1.8B acquisition, driving 22% NOI and 28% adjusted EBITDA growth year-over-year. Integration and portfolio optimization are expected to accelerate growth, with a focus on deleveraging and reinvestment in high-quality assets.

Q3 2025 Q3 2025 2025-11-10

Announced a $1.8B merger to acquire CHP, driving portfolio quality, AFFO accretion, and reduced leverage. Q3 saw 21% NOI growth, 30%+ adjusted EBITDA increase, and record occupancy. Labor and rate trends support margin expansion, with strong acquisition performance and robust capital position.

Q2 2025 Q2 2025 2025-08-11

Q2 2025 delivered 26.1% adjusted EBITDA growth, record occupancy, and strong revenue gains, driven by operational improvements and strategic acquisitions. The company remains on track for its $100 million NOI target, with robust demand and disciplined capital deployment supporting future growth.

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯

Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.

📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.