Sonida Senior Living Q3 adjusted EBITDA rises on occupancy gains
SNDA•Sonida Senior Living’s third-quarter adjusted EBITDA rose 26% year over year on higher occupancy and revenue per occupied unit. The company reported a $34.53 million net loss and acquired seven senior living communities in Florida and other states in the third quarter and October.
1. Quarterly results
Sonida Senior Living said its third-quarter adjusted EBITDA rose 26% year over year, as higher occupancy and average revenue per occupied unit drove margin and net operating income growth. The company reported a $34.53 million net loss attributable to common shareholders, or $0.72 per share.
2. Acquisitions and liquidity
The company acquired seven senior living communities in Florida and other states in the third quarter and October. It said future liquidity will depend on operating performance and prevailing economic conditions, and that it expects to rely on operations, debt and equity offerings to support liquidity.
