Sonida Senior Living | 8-K: FY2025 Q3 Revenue: USD 98.04 M

Revenue: As of FY2025 Q3, the actual value is USD 98.04 M.

EPS: As of FY2025 Q3, the actual value is USD -1.56.

EBIT: As of FY2025 Q3, the actual value is USD -5.952 M.

Segment Revenue

• Resident revenue for Q3 2025 was reported as $84.6 million, marking a 26.3% increase from Q3 2024, driven by higher average rent rates, increased occupancy, and the acquisition of 19 additional operating communities in 2024 and 2025.
• Another source reported total resident revenue for Q3 2025 as $85.2 million, a 26.2% increase from Q3 2024.

Operational Metrics

• Net loss attributable to Sonida shareholders for Q3 2025 was $26.9 million, compared to a net loss of $13.8 million in Q3 2024.
• Adjusted EBITDA for Q3 2025 was $13.2 million, up from $10.1 million in Q3 2024, representing a 30.7% increase year-over-year.
• Community NOI for Q3 2025 was $21.0 million, reflecting a 20.7% increase from Q3 2024, though the Community NOI Margin decreased by 120 basis points YoY to 24.6%.
• Operating expenses for Q3 2025 were $65.1 million, an increase of $14.6 million or 28.9% from Q3 2024.
• General and administrative expenses increased by $0.8 million to $10.5 million in Q3 2025.

Cash Flow

• Cash flows from operations totaled $24.8 million for the nine months ended September 30, 2025, an increase of $23.4 million year-over-year.
• Net cash used in investing activities was - $61.973 million for the nine months ended September 30, 2025.
• Net cash provided by financing activities was $34.042 million for the nine months ended September 30, 2025.

Unique Metrics

• Revenue Per Available Unit (RevPAR) for the same-store portfolio increased 5.4% to $3,817 in Q3 2025 compared to Q3 2024.
• Revenue Per Occupied Unit (RevPOR) increased 4.7% to $4,353 in Q3 2025 compared to Q3 2024.
• Year-to-date 2025 RevPOR growth was 10.0% for the same-store community portfolio.
• Q3 2025 weighted average occupancy was 87.7%, with a spot occupancy of 89.0% as of October 31, 2025.

Outlook / Guidance

• Sonida Senior Living, Inc. announced a strategic merger with CNL Healthcare Properties, Inc., expected to close late in Q1 or early Q2 2026, valued at approximately $1.8 billion.
• The merger is anticipated to create a $3 billion pure-play senior housing company, expected to be immediately accretive to Normalized FFO per share, with expected annual corporate synergies of approximately $16 to $20 million.
• The merger is expected to enhance the balance sheet and improve free cash flow conversion, allowing for investment in high-ROI growth opportunities.