Sonida Senior Living Q2 same-store NOI rises

Sonida Senior Living

10/08/2026 12:41

Overview
US senior housing operator's Q2 revenue declined slightly, missing the sole analyst estimate
Same-store net operating income rose 16.9% yr/yr, helped by occupancy and margin gains
Company refinanced debt with new $380 mln term loan to boost financial flexibility

Outlook
Company did not provide specific financial guidance for upcoming quarters or the full year

Result Drivers
OCCUPANCY GAINS - Co said same-store portfolio occupancy expanded 240 basis points yr/yr to 87.8%, supporting NOI growth
OPERATING PLATFORM - Co attributed results to strengthening of its operating platform and deliberate execution of growth strategy, per CEO Brandon Ribar
CAPITAL ALLOCATION - Co said disciplined pipeline development and return-driven capital allocation framework supported organic growth and acquisitions

Company press release: ID:nBw5PPM7ka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$207.65 mln
$209.38 mln (1 Analyst)
Q2 Loss Per Share
 
$0.52
 
Q2 Net Loss
 
$24.72 mln
 
Q2 Loss Per Basic Share
 
$0.52
 
Q2 Operating Expenses
 
$135.03 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy"
Wall Street's median 12-month price target for Sonida Senior Living, Inc. is $42.00, about 4.2% above its August 7 closing price of $40.30

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)