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Sonida Senior Living
(NYSE:SNDA)
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Rating:52Neutral
Price Target:
$40.00
▲(0.83% Upside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by weak financial performance (TTM losses and cash burn, with still-elevated leverage). This is partially offset by a constructive earnings-call readthrough showing improving operating metrics and proactive refinancing/liquidity management. Technicals and valuation are mixed, with neutral-to-soft momentum and a loss-driven negative P/E.
Positive Factors
Occupancy and NOI improvement
Higher occupancy and strong same-store NOI growth indicate improving demand and operating leverage across the core portfolio. Margin expansion and better revenue flow-through can support more durable earnings improvement as communities mature.
Negative Factors
Deep losses and negative cash generation
The company is not currently self-funding, making continued execution dependent on refinancing, asset recycling or external capital. Persistent losses and cash burn could constrain reinvestment, weaken flexibility and increase exposure to adverse operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Occupancy and NOI improvement
Higher occupancy and strong same-store NOI growth indicate improving demand and operating leverage across the core portfolio. Margin expansion and better revenue flow-through can support more durable earnings improvement as communities mature.
Read all positive factors
Sonida Senior Living (SNDA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.81B
Dividend YieldN/A
Average Volume (3M)499.69K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth49.37%
EPS Growth-171.65%
CountryUS
Employees5,140
SectorHealthcare
Sector Strength45
IndustryMedical - Care Facilities
Share Statistics
EPS (TTM)-7.02
Shares Outstanding48,047,990
10 Day Avg. Volume570,937
30 Day Avg. Volume499,693
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)11.51
Price to Sales (P/S)1.55
P/FCF Ratio-66.12
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$49.50Price Target Upside24.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-3.22
Revenue Forecast (FY)$728.11M
Sonida Senior Living Business Overview & Revenue Model
Company Description
Sonida Senior Living, Inc. is a company dedicated to the senior housing sector within the United States, actively involved in the development, ownership, management, and operation of various communities. Their independent living options provide re...
How the Company Makes Money
Sonida Senior Living primarily makes money by operating senior living communities and charging residents recurring monthly fees. The core revenue stream is resident service revenue (often referred to as resident fees), which typically includes (1)...
Sonida Senior Living Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Positive
The call conveyed clear operational momentum: strong same-store and total-portfolio NOI growth, meaningful occupancy gains, margin expansion driven by labor and non-labor efficiencies, successful early integrations, an improving acquisition pipeline, and strategic refinancing that extends maturities and preserves liquidity. Key risks include ongoing stabilization of recently acquired cohorts (notably the 2025 cohort at ~70% occupancy), a set of transitional/non-core assets to recycle, dependence on flawless execution of CHP integrations and SPIN adoption, and some near-term visibility limitations due to guidance timing and market-dependent recycling decisions. On balance the fundamentals and capital actions dominated the discussion, showing compounding improvement with manageable execution risks.Positive Updates
Same-Store Occupancy Gains
Weighted average same-store occupancy increased 240 basis points year-over-year to 87.8%; percentage of same-store communities above 90% occupancy rose from 43% to 54%, while communities below 80% declined from 30% to 20%. Sequential momentum continued with total portfolio occupancy up 40 basis points in July versus June.
Negative Updates
Stabilization Needs — 2025 Cohort
The 2025 acquisition cohort remains early in stabilization, with occupancy at ~70.4% as of June, implying meaningful remaining upside but current low starting occupancy and contribution to consolidated results.
Read all updates
Q2-2026 Updates
Positive
Negative
Same-Store Occupancy Gains
Weighted average same-store occupancy increased 240 basis points year-over-year to 87.8%; percentage of same-store communities above 90% occupancy rose from 43% to 54%, while communities below 80% declined from 30% to 20%. Sequential momentum continued with total portfolio occupancy up 40 basis points in July versus June.
Read all positive updates
Company Guidance
Management said it will begin issuing full‑year 2027 guidance as portfolio integrations complete and highlighted specific financial/operating targets and expectations: a near‑term leverage target of 6.0x–6.5x (with ongoing deleveraging via capital recycling), ~ $88M of assets under contract expected to deliver mid‑teens unlevered IRR and be accretive to normalized FFO and NAV on a stabilized basis, and use of recent capital actions (672k ATM shares at $41.05 raising $27.3M; a $380M Ally term loan) to fund pipeline equitization and extend maturities. They cited supporting Q2 metrics — normalized FFO/share $0.48; same‑store weighted occupancy +240 bps YoY to 87.8% (total portfolio occupancy +170 bps YoY to 86.6%, July vs June +40 bps sequential); same‑store NOI +16.9% with NOI margin 32.6% (+250 bps YoY); total SHOP NOI +17.5% with margin 29.9%; RevPAR/RevPOR +4.9% YoY; labor costs down 130 bps to 40.4% of revenue with a 100 bp direct labor improvement; 63.4% flow‑through on revenue increases; a 410 bp spread between RevPOR and ExPOR; 2025 cohort occupancy 70.4% (NOI margin from −1% to 15%) and 2024 cohort yielding ~11.5% vs cost; pro forma total debt ≈ $1.6B at a 5.43% weighted average rate (86% fixed/hedged), revolver commitment $455M with ≈$166M available, and 97% of debt maturing 2029+ (43% in 2031+).Sonida Senior Living Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
35
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 525.97M | 381.14M | 304.33M | 255.32M | 238.43M | 234.72M |
| Gross Profit | -82.94M | -30.37M | 271.23M | 234.22M | 211.06M | 193.82M |
| EBITDA | 25.26M | 23.24M | 78.00M | 55.15M | 17.16M | 201.29M |
| Net Income | -122.38M | -70.78M | -2.06M | -21.11M | -54.40M | 125.61M |
Balance Sheet | ||||||
| Total Assets | 2.55B | 844.85M | 841.92M | 621.46M | 661.27M | 728.55M |
| Cash, Cash Equivalents and Short-Term Investments | 48.71M | 11.01M | 16.99M | 4.08M | 16.91M | 78.69M |
| Total Debt | 1.57B | 689.74M | 651.39M | 629.42M | 671.03M | 683.68M |
| Total Liabilities | 1.68B | 788.59M | 712.31M | 688.01M | 719.43M | 734.11M |
| Stockholders Equity | 861.59M | 51.24M | 123.03M | -66.55M | -58.16M | -5.56M |
Cash Flow | ||||||
| Free Cash Flow | -52.71M | -8.92M | -26.95M | -7.25M | -27.14M | -39.24M |
| Operating Cash Flow | -15.56M | 24.36M | -1.78M | 10.68M | -2.58M | -28.80M |
| Investing Cash Flow | -956.15M | -70.69M | -208.92M | -16.56M | -36.90M | -10.44M |
| Financing Cash Flow | 1.00B | 37.51M | 232.04M | -7.11M | -22.65M | 99.42M |
Sonida Senior Living Technical Analysis
Negative
39.67
Price Trends
40.00
Negative
38.07
Negative
35.49
Positive
Market Momentum
-0.59
Positive
42.11
Neutral
17.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNDA, the sentiment is Negative. The current price of 39.67 is above the 20-day moving average (MA) of 39.11, below the 50-day MA of 40.00, and above the 200-day MA of 35.49, indicating a neutral trend. The MACD of -0.59 indicates Positive momentum. The RSI at 42.11 is Neutral, neither overbought nor oversold. The STOCH value of 17.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SNDA.
Sonida Senior Living Risk Analysis
Sonida Senior Living disclosed 36 risk factors in its most recent earnings report. Sonida Senior Living reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Sonida Senior Living Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.42B | 24.21 | 12.94% | 1.18% | 7.19% | 32.91% | |
62 Neutral | $1.33B | 40.43 | 9.51% | ― | 37.90% | 15.84% | |
52 Neutral | $1.81B | -5.37 | -26.06% | ― | 49.37% | -171.65% | |
52 Neutral | $2.81B | -20.33 | 405.63% | ― | -4.42% | 44.67% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
42 Neutral | $407.52M | -1.28 | 20.91% | 0.70% | -5.25% | ― |
* Healthcare Sector Average
SNDA
Sonida Senior Living
39.06
13.23
51.22%
BKD
Brookdale Senior Living
12.09
4.47
58.66%
CYH
Community Health
2.84
-0.16
-5.33%
NHC
National Healthcare
220.97
108.86
97.10%
PNTG
Pennant Group
39.31
14.48
58.32%
Sonida Senior Living Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
Sonida Senior Living Completes CNL Healthcare Properties Acquisition
Positive
Aug 17, 2026
On March 11, 2026, Sonida Senior Living completed the acquisition of CNL Healthcare Properties, indirectly obtaining 100% of CHP’s shares and converting CHP’s stock into a mix of cash and Sonida common stock. The deal terminated CHP...
Business Operations and StrategyPrivate Placements and Financing
Sonida Senior Living Secures New $380 Million Term Loan
Positive
Aug 13, 2026
On August 7, 2026, Sonida Senior Living, Inc. entered into a new $380.0 million senior secured term loan with Ally Bank that amends and restates its prior term loan agreement. The facility carries a 0.75% closing fee, a five-year maturity with two...
Business Operations and StrategyLegal ProceedingsPrivate Placements and FinancingRegulatory Filings and Compliance
Sonida Senior Living Resolves Preferred Stock Conversion Issues
Positive
Aug 10, 2026
On March 11, 2026, Sonida Senior Living agreed with Conversant Dallas Parkway funds to lower the conversion price on its Series A convertible preferred stock to $32 per share, extend the maturity of 1,031,250 common stock warrants to November 3, 2...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Sonida Senior Living Reports Strong Q2 2026 Momentum
Positive
Aug 10, 2026
On August 10, 2026, Sonida Senior Living reported second-quarter 2026 results showing strong operating momentum, with same-store occupancy rising 240 basis points year over year to 87.8% and same-store NOI increasing 16.9%, driving margin expansio...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Sonida Shareholders Approve Board, Auditor and Incentive Plan
Positive
Jun 12, 2026
At its June 11, 2026 annual meeting, Sonida Senior Living stockholders re-elected Brandon M. Ribar, J. Chandler Martin and Sam Levinson to three-year board terms and ratified BDO USA, P.C. as the company’s independent auditor for the 2026 fi...
Business Operations and StrategyExecutive/Board Changes
Sonida Senior Living Appoints New Chief Operating Officer
Positive
Jun 1, 2026
On June 1, 2026, Sonida Senior Living’s board appointed veteran hospitality executive Anton Nikodemus as executive vice president and chief operating officer, effective June 15, 2026, creating a new C-suite role to oversee end-to-end operati...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.