Sonida Senior Living, Inc.
- Open
- 39.75
- Day high
- 41.91
- Day low
- 39.51
- Prev close
- 39.67
- Volume
- 485K
- Mkt cap
- $2.0B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 2.2
- P/S
- 4.8
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$94K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Sonida Senior Living, Inc. (SNDA) is a Healthcare company listed on NYSE. The stock is up 69% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Sonida Senior Living, Inc. (SNDA) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SNDA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $-1.67 | $-2.39 | -43.1% | $123M | +16.8% |
| Mar 11, 2026 | $-1.24 | $-1.72 | -39.5% | $98M | — |
| Mar 17, 2025 | $-0.71 | $-0.83 | -16.9% | $92M | — |
| Nov 13, 2024 | — | $-0.98 | — | $75M | — |
| May 10, 2024 | — | $-0.69 | — | $67M | — |
| Nov 14, 2023 | $-2.01 | $-1.94 | +3.5% | $65M | — |
| Aug 14, 2023 | $-1.76 | $-2.11 | -19.9% | $63M | — |
| May 11, 2023 | $-2.32 | $-1.25 | +46.1% | $62M | — |
| Nov 14, 2022 | $-2.03 | $-2.34 | -15.3% | $61M | — |
| Aug 12, 2022 | $-4.11 | $-1.34 | +67.4% | $60M | — |
| May 23, 2022 | $-4.84 | $-2.81 | +41.9% | $58M | +0.0% |
| Nov 10, 2021 | $-4.24 | $17.48 | +512.3% | $58M | — |
SNDA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 15, 2026 | Harris Benjamin Pdirector | Grant | 7,124 | — |
| Jun 15, 2026 | Martin J Chandlerdirector | Grant | 4,132 | — |
| Jun 15, 2026 | Harris Benjamin Pdirector | Sell | 2,500 | $37.46 |
| Jun 15, 2026 | Mauldin Stephen Hdirector | Grant | 4,132 | — |
| Jun 15, 2026 | Levinson Samdirector | Grant | 6,412 | — |
| Jun 15, 2026 | KRUEGER JILL Mdirector | Grant | 4,132 | — |
| Jun 15, 2026 | Donohue Lillydirector | Grant | 4,132 | — |
| Jun 8, 2026 | Levy Maxofficer: SVP & Chief Investment Officer | Tax | 1,405 | $36.94 |
| Jun 8, 2026 | Levy Maxofficer: SVP & Chief Investment Officer | Tax | 1,785 | $32.75 |
| May 21, 2026 | Bailey Tabithaofficer: SVP & Chief Legal Officer | Tax | 432 | $36.94 |
| May 21, 2026 | Detz Kevinofficer: EVP & Chief Financial Officer | Tax | 1,952 | $36.94 |
| May 21, 2026 | Levy Maxofficer: SVP & Chief Investment Officer | Tax | 1,363 | $36.94 |
| May 21, 2026 | Cober Timothyofficer: SVP & Chief Accounting Officer | Tax | 346 | $36.94 |
| May 21, 2026 | Ribar Brandondirector, officer: President & CEO | Tax | 3,067 | $36.94 |
| Apr 22, 2026 | Detz Kevinofficer: EVP & Chief Financial Officer | Tax | 4,461 | $32.18 |
Source: SNDA SEC Form 4 filings, latest Jun 15, 2026. For informational purposes only — not investment advice.
See the full SNDA insider & 13F page →Sonida Senior Living, Inc. company profile
Overview
Sonida Senior Living, Inc. (NYSE:SNDA) is a healthcare real estate investment and operating company that develops, owns, operates, and manages senior housing communities across the United States. Founded in 1990 and originally known as Capital Senior Living Corporation until its rebranding in November 2021, the company has grown to become a significant player in the senior living industry. The company went public in 1997 and is headquartered in Addison, Texas. As of recent reports, Sonida operates 75 senior housing communities across 18 states with capacity for approximately 9,500 residents, focusing primarily on independent living, assisted living, and memory care services.
Business
Sonida Senior Living operates in the senior housing industry, which provides residential care and services for older adults who need varying levels of assistance with daily activities. The senior living industry serves as a bridge between independent home living and nursing home care, catering to the growing population of aging Baby Boomers who require some support but want to maintain their independence and quality of life. The company operates three primary service segments that generate revenue in roughly equal proportions: Independent Living Services represent approximately one-third of the business and cater to seniors who can live independently but prefer the convenience and social aspects of a community setting. These services include daily meals, transportation, social and recreational activities, laundry, housekeeping, and 24-hour staffing. Residents also have access to health screenings, dietary programs, exercise classes, and periodic special services. This segment typically serves the most active seniors who choose community living for lifestyle reasons rather than care needs. Assisted Living Services form another significant portion of the revenue base, providing personal care assistance for residents who need help with activities of daily living such as bathing, dressing, eating, medication management, and mobility assistance. Beyond personal care, these services include meals, social activities, housekeeping, maintenance, and transportation. The company also offers supplemental services like extra transportation and specialized care, allowing for customized care plans based on individual resident needs. Memory Care Services represent the specialized, highest-acuity segment, designed specifically for residents with various forms of dementia and Alzheimer's disease. These secure environments provide structured programming, specialized staff training, and therapeutic activities designed to support cognitive function and ensure resident safety. Memory care typically commands premium pricing due to the specialized nature of care and higher staffing requirements. The company also facilitates home care services through third-party providers, allowing residents to receive additional care while remaining in their community apartments. This service helps extend the continuum of care and can delay or prevent the need for residents to move to higher levels of care.
Revenue model
Sonida Senior Living generates revenue primarily through monthly rental and service fees paid by residents across its three main service levels. The business model is subscription-based, where residents pay monthly fees that typically range from $3,000 to $6,000 depending on the level of care, apartment size, and geographic location. Independent living commands the lowest fees, assisted living represents the middle tier, and memory care services command premium pricing due to specialized staffing and programming requirements. The company's revenue streams include base monthly rent, additional service fees for enhanced care levels, and ancillary services such as extra housekeeping, transportation, or specialized therapies. Residents typically pay privately, though some communities accept Medicaid for certain services. The company has been strategically reducing its Medicaid exposure, as private-pay residents generate significantly higher margins. Several factors influence the company's profitability margins. Occupancy rates represent the most critical driver, as senior living communities have high fixed costs including property maintenance, utilities, and base staffing levels. Higher occupancy allows these fixed costs to be spread across more residents, dramatically improving margins. The company has demonstrated this effect, with same-store occupancy improvements of 180-220 basis points driving significant margin expansion. Labor costs represent the largest variable expense, typically accounting for 50-60% of revenues. The company has focused heavily on reducing employee turnover, which decreased nearly 10% in 2024, as high turnover drives up recruitment, training, and contract labor costs. Contract labor, which can cost 40-50% more than permanent staff, has been a particular focus area. Pricing power significantly impacts margins, with the company achieving annual rate increases of 6-8% in recent years. This pricing power stems from limited new supply in many markets and the essential nature of senior care services. However, pricing must be balanced against occupancy, as excessive rate increases can drive resident turnover. External factors that could pressure margins include increased minimum wage requirements, healthcare cost inflation, insurance premium increases, and utility cost fluctuations. Conversely, the demographic tailwind of aging Baby Boomers, limited new supply construction, and the company's operational improvements support margin expansion over time.
Competitive moat
Sonida Senior Living operates in an industry with moderate barriers to entry but faces significant competitive pressures that limit its defensive moat. The company's primary competitive advantages stem from operational scale, local market knowledge, and regulatory compliance expertise rather than strong structural moats. The senior living industry benefits from regulatory barriers that create some protection from new entrants. Operating senior communities requires various licenses, health department approvals, and compliance with complex regulations governing care standards, staffing ratios, and safety requirements. These regulatory hurdles require expertise and time to navigate, providing some defensive positioning for established operators. Location advantages provide moderate moat strength in certain markets. Well-located communities in desirable areas with limited available land for new development can maintain pricing power and occupancy advantages. However, this advantage is location-specific and can be eroded by new supply or demographic shifts. The company's scale advantages in operations, purchasing, and systems provide some cost benefits, but these advantages are not overwhelming given the fragmented nature of the industry. Larger operators like Brookdale Senior Living and Sunrise Senior Living maintain similar or greater scale advantages. Competitive threats come from multiple directions. Large national operators compete for acquisitions and can often outbid smaller players. Home healthcare services and aging-in-place solutions provide alternative care options that could reduce demand for residential senior living. Additionally, the industry faces ongoing pressure from new supply, though construction has slowed significantly due to development costs and financing challenges. The company's weakest defensive position relates to its high leverage and recent financial distress, which limits its ability to compete effectively for acquisitions or invest in community improvements. Unlike companies with stronger balance sheets, Sonida cannot easily weather occupancy downturns or pursue growth opportunities, making it vulnerable to well-capitalized competitors. Overall, Sonida operates in an industry with modest structural advantages but lacks the financial strength or market position to establish a strong competitive moat. The company's success depends more on operational execution and market recovery than on sustainable competitive advantages.
Risks & safety
Sonida Senior Living presents significant financial risk with limited margin of safety for equity investors. • Solvency concerns: Current ratio of 0.76 indicates potential liquidity stress, with current liabilities exceeding current assets by approximately $17 million as of Q1 2025 • High leverage: Debt-to-equity ratio of 11.1x represents extreme leverage, though this has improved from over 34x in mid-2024 following equity raises • Cash position: $14 million in cash provides minimal cushion given quarterly cash burn and debt service requirements • Negative free cash flow: -$4.5 million in Q1 2025, though improving from -$26.9 million for full year 2024 • Debt maturities: Extended Fannie Mae loans to January 2029 provides some breathing room, but company remains highly levered • Valuation metrics: Trading at 26x EV/EBITDA based on Q1 2025 run-rate, which appears expensive given financial risks • Operating leverage: High fixed costs mean occupancy declines could quickly turn positive EBITDA negative • Equity dilution risk: Company raised $200 million in equity in 2024, significantly diluting existing shareholders, and may need additional capital
Recent development
Over the past two years, Sonida Senior Living has undergone a significant transformation focused on operational recovery and strategic repositioning following pandemic-related challenges. The company's primary strategic pivot has been aggressive external growth through acquisitions, adding 22 communities in 2024 alone and increasing its senior living real estate units by 30%. This expansion strategy has been funded through substantial equity raises totaling $200 million, which significantly diluted existing shareholders but provided necessary capital for growth. The company has implemented comprehensive operational improvements including the introduction of specialized care programs like Magnolia Trails memory care and Joyful Living independent living programs. Technology investments have been substantial, with $12 million deployed in 2024 for clinical health information systems, fall detection, nurse call systems, and digital marketing enhancements. These investments have contributed to improved operational metrics, including a nearly 10% reduction in employee turnover and digital marketing leads now representing 56% of total lead volume. Financial restructuring has been another critical focus area. The company successfully extended $220 million in Fannie Mae loan maturities to January 2029 and executed debt transactions with significant discounts, including a 36% discount on loan principal for certain properties. The debt restructuring provided crucial breathing room and deferred principal payments for minimum three years. A key strategic initiative has been portfolio optimization, including the repositioning of five communities in Indiana to reduce Medicaid exposure and appeal to higher-paying private-pay residents. This repositioning involves capital investments of $4-5 million with projected returns exceeding 30%. The company has also focused on reducing its overall Medicaid exposure across the portfolio to improve margins and reduce regulatory complexity. Recent quarters have shown strong operational momentum with same-store net operating income growing 19% year-over-year in 2024, occupancy improvements of 180-220 basis points, and margin expansion to over 27%. The company is targeting $100 million in net operating income and has achieved $12 million in annualized NOI growth in Q1 2025 alone, demonstrating the effectiveness of its operational improvements and acquisition strategy.
SNDA company profile · for informational purposes only — not investment advice.
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