After quarter-end, Sonida signed an Ally Bank term loan for up to USD 380 million, drawing USD 372.5 million to repay existing debt and pay down its revolver.
Quarterly results and operating metrics
Sonida Senior Living posted a GAAP net loss attributable to common shareholders of USD 24.5 million, or USD 0.52 per share.
Non-GAAP adjusted EBITDA rose 30% year over year to USD 50 million.
Same-store NOI climbed 16.9% from a year earlier to USD 51.5 million; same-store occupancy increased 240 basis points to 87.8%.
RevPOR increased 4.9% year over year to USD 5,372.
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