Sonida Senior Living(NYSE) CSU

Sonida Senior Living, Inc. provides housing for older adults. These communities offer meals, medical help, and social activities. They help seniors live safely while staying independent.

Caring for the Golden Years

• Independent Living: Residential options including meal services, scheduled transportation, and social programs for seniors who require minimal daily assistance.
• Assisted Living: Personal care support for daily activities such as bathing, dressing, and medication management for residents requiring more help.
• Memory Care: Specialized programs and secure facilities designed for residents living with Alzheimer’s or other forms of dementia.
• Triple-Net Leases: Senior housing properties owned by the company but leased to tenants who pay all operating and maintenance costs.

Expanding the National Footprint

• Purchased CNL Healthcare Properties in March 2026 for approximately $1.8 billion.
• Added 69 senior housing communities to the portfolio through the CNL Healthcare Properties merger.
• Acquired the remaining 49% interest in a joint venture property in Georgia in March 2026.
• Sold 671,732 shares of common stock after June 30, 2026, to raise $27.3 million in net proceeds.

How Sonida Serves Seniors

Sonida operates as a pure-play owner and investor in 152 senior living communities across 35 states. The company uses a continuum of care model that allows residents to change service levels as their needs age.

Performance in the Second Quarter

• Resident revenue rose 129.7% year over year to $188.0 million in the three months ended June 30, 2026.
• Adjusted EBITDA reached $48.8 million for the three-month period ended June 30, 2026, up 246.6% year over year.
• Average monthly revenue per available unit increased 17.7% in the same-store portfolio during the three months ended June 30, 2026.
• Net loss was $24.7 million for the three months ended June 30, 2026, compared to $2.0 million in the prior year.
• Available unrestricted cash was $48.7 million as of June 30, 2026.

Bottom Line

Sonida has transformed its scale through a major merger while increasing occupancy and rental rates in its existing communities. The company has evolved from a smaller regional operator into a significant owner-operator in the senior housing market.