Sonida Senior Living Inc

NYSE:SNDAUnited States

Mar 27, 2024

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• -- Earnings Flash (SNDA) SONIDA SENIOR LIVING Posts Q4 Revenue $65.7M, from 5:41AM ET on Wednesday Mar 27, 2024 by MT Newswires

  5:41AM ET on Wednesday Mar 27, 2024 by MT Newswires
  Companies Mentioned: SNDA
  05:41 AM EDT, 03/27/2024 (MT Newswires) -- ...

• Sonida Senior Living, Inc. Announces Fourth Quarter and Full Year 2023 Results, from 5:00AM ET on Wednesday Mar 27, 2024 by Dow Jones

  5:00AM ET on Wednesday Mar 27, 2024 by Dow Jones
  Companies Mentioned: SNDA
  ------- ------- ------- ------- ------- Consolidated Community Net Operating Income Net loss $(14,629) $(16,574) $(18,411) $(21,107) $(54,401) General and administrative expense 9,946 6,723 8,615 32,198 30,286 Depreciation and amortization expense 10,137 9,508 9,943 39,888 38,448 Long-lived asset impairment -- 1,588 5,965 5,965 1,588 Interest income (87) (188) (139) (608) (235) Interest expense 9,673 9,297 9,020 36,118 33,025 (Gain) loss on extinguishment of debt, net -- -- -- (36,339) 641 Other (income) expense, net 480 (1,348) 124 532 (10,011) Provision (benefit) for income taxes 48 (168) 83 253 86 Settlement (income) fees and expense, net (1) 692 1,486 (510) 999 1,991 ------- ------- ------- ------- ------- Consolidated community net operating income 16,260 10,324 14,690 57,899 41,418 Resident revenue $ 59,349 $ 53,388 $ 59,117 $232,032 $208,703 ------- ------- ------- ------- ------- Consolidated community net operating income margin 27.4% 19.3% 24.8% 25.0% 19.8% COVID-19 state relief grants (2) -- -- 478 2,926 1,213 Adjusted resident revenue 59,349 53,388 58,639 229,106 207,490 Adjusted community net operating income $ 16,260 $ 10,324 $ 14,212 $ 54,973 $ 40,205 ======= ======= ======= ======= ======= Adjusted community net operating income margin 27.4% 19.3% 24.2% 24.0% 19.4% (1) Settlement fees and expenses relate to non-recurring settlements with third parties for contract terminations, insurance claims, and related fees. (2) COVID-19 relief revenue are grants and other funding received from third parties to aid in the COVID-19 response and includes state relief funds received.
  

• Press Release: Sonida Senior Living, Inc. Announces Fourth Quarter and Full Year 2023 Results, from 5:00AM ET on Wednesday Mar 27, 2024 by Dow Jones

  5:00AM ET on Wednesday Mar 27, 2024 by Dow Jones
  Companies Mentioned: SNDA

• Sonida Senior Living, Inc. Announces Fourth Quarter and Full Year 2023 Results, from 5:00AM ET on Wednesday Mar 27, 2024 by Business Wire

  5:00AM ET on Wednesday Mar 27, 2024 by Business Wire
  Companies Mentioned: SNDA

  Sonida Senior Living, Inc. (the "Company," "we," "our," or "us") (NYSE: SNDA) announced results for the fourth quarter and for the full year ended December 31, 2023.

  "2023 was a transformational year for Sonida. We achieved significant performance milestones while accomplishing key strategic objectives and delivering industry-leading care and services to our residents. These achievements included balance sheet optimization through the comprehensive restructuring of our debt culminating in the $47.8 million equity private placement that closed in the first quarter of 2024. The operational developments and greatly strengthened balance sheet establish Sonida as a differentiated operator, owner, and investor in Senior Living and position the Company to capitalize on near-term dislocation, which will drive the next chapter of value creation for our shareholders," said Brandon Ribar, President and CEO.