Sonida Senior Living Q4 RevPOR Up 5.9%, EBITDA Up 28%, 10% Portfolio Pruning
Sonida Senior Living posted a 5.9% RevPOR increase in Q4 2025 and net operating income growth of 22%, with adjusted EBITDA up 28%. Shareholders approved the CHP acquisition with 95% support, and management will prune 10% of its portfolio within 6–12 months to deleverage and reinvest.
1. Q4 2025 Financial Results
Sonida Senior Living achieved a 5.9% increase in RevPOR for Q4 2025 versus last year, driving full-year net operating income growth of 22% and a 28% jump in adjusted EBITDA. These gains reflect strong rate management and operational efficiencies ahead of integrating new acquisitions.
2. CHP Acquisition Approval
The proposed acquisition of CHP secured 95% shareholder approval, signaling robust investor confidence. Financial statements for Q4 do not yet include CHP contributions, introducing potential upside as the merger metrics are consolidated.
3. Portfolio Pruning and Capital Deployment
Management plans to divest 10% of its portfolio over the next 6–12 months, targeting mature or noncore assets. Proceeds will be used primarily to reduce leverage and fund high-growth, newer senior living communities in key markets.
4. Pro Forma NOI and Rate Increase Details
Sonida projects same-store NOI on a pro forma basis at a 16%–17% run rate, supported by stabilized rates and labor costs. A 7.9% rate hike applies to the legacy portfolio from March 1, with comprehensive pro forma metrics expected in Q1 disclosures.