--- title: "Sonida Senior Living | 8-K: FY2026 Q2 Revenue: USD 207.65 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295400248.md" datetime: "2026-08-10T11:38:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295400248.md) - [en](https://longbridge.com/en/news/295400248.md) - [zh-HK](https://longbridge.com/zh-HK/news/295400248.md) generator: "portal-rs" --- # Sonida Senior Living | 8-K: FY2026 Q2 Revenue: USD 207.65 M Revenue: As of FY2026 Q2, the actual value is USD 207.65 M. EPS: As of FY2026 Q2, the actual value is USD -0.52, missing the estimate of USD -0.48. EBIT: As of FY2026 Q2, the actual value is USD 16.73 M. #### Second Quarter 2026 Financial Highlights - Net Loss Attributable to Common Shareholders: - $24.5 million, or - $0.52 per share . - Normalized Funds from Operations (FFO): $23.7 million, or $0.48 per share . - Adjusted EBITDA: $50.0 million, an increase of 30.0% over Adjusted EBITDA (pro forma) for Q2 2025 . - Same-Store Net Operating Income (NOI): $51.5 million, an increase of 16.9% compared to the prior year . - Same-Store Weighted Average Occupancy: 87.8%, an increase of 240 basis points year-over-year . - RevPOR (Revenue Per Occupied Unit): $5,372, representing an increase of 4.9% from the same pro forma measures in the prior year . #### Revenues (in thousands) | Category | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | | --------------------------------------- | -------------------------------- | -------------------------------- | ------------------------------ | ------------------------------ | | Resident revenue | $188,023 | $81,845 | $296,450 | $161,100 | | Rental income | $7,506 | — | $9,201 | — | | Management fee income | $1,185 | $1,134 | $2,330 | $2,195 | | Managed community reimbursement revenue | $10,934 | $10,546 | $22,299 | $22,153 | | **Total revenues** | **$207,648** | **$93,525** | **$330,280** | **$185,448** | #### Expenses (in thousands) | Category | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | | ----------------------------------------------- | -------------------------------- | -------------------------------- | ------------------------------ | ------------------------------ | | Operating expense | $135,030 | $61,420 | $217,706 | $121,834 | | General and administrative expense | $14,351 | $9,729 | $24,814 | $18,201 | | Transaction, transition and restructuring costs | $4,775 | $461 | $30,869 | $1,071 | | Depreciation and amortization expense | $43,183 | $13,646 | $63,143 | $27,332 | | Managed community reimbursement expense | $10,934 | $10,546 | $22,299 | $22,153 | | Third-party property management fees | $4,836 | — | $5,884 | — | | **Total expenses** | **$213,109** | **$95,802** | **$364,715** | **$190,591** | #### Other Income (Expense) (in thousands) - Interest income: $321 (three months ended June 30, 2026) and $540 (six months ended June 30, 2026) . - Interest expense: - $22,508 (three months ended June 30, 2026) and - $35,341 (six months ended June 30, 2026) . - Gain on extinguishment of debt, net: $3,871 (three and six months ended June 30, 2026) . - Loss from equity method investment: - $604 (three months ended June 30, 2026) and - $812 (six months ended June 30, 2026) . - Other income (expense), net: - $15 (three months ended June 30, 2026) and $539 (six months ended June 30, 2026) . - Loss before provision for income taxes: - $24,396 (three months ended June 30, 2026) and - $65,638 (six months ended June 30, 2026) . - Provision for income taxes: - $325 (three months ended June 30, 2026) and - $533 (six months ended June 30, 2026) . - Net loss: - $24,721 (three months ended June 30, 2026) and - $66,171 (six months ended June 30, 2026) . - Net loss attributable to Sonida shareholders: - $24,464 (three months ended June 30, 2026) and - $65,692 (six months ended June 30, 2026) . - Net loss attributable to common shareholders: - $24,464 (three months ended June 30, 2026) and - $85,854 (six months ended June 30, 2026) . #### Cash Flows (in thousands) - Net cash provided by (used in) operating activities: - $27,169 (six months ended June 30, 2026) . - Net cash used in investing activities: - $922,932 (six months ended June 30, 2026) . - Net cash provided by financing activities: $985,285 (six months ended June 30, 2026) . - Increase (decrease) in cash, cash equivalents, and restricted cash: $35,184 (six months ended June 30, 2026) . - Cash, cash equivalents, and restricted cash at end of period: $65,456 (six months ended June 30, 2026) . #### Total Portfolio Metrics - Net Operating Income (NOI): $64.0 million, a +15.7% year-over-year (YoY) increase . - SHOP NOI Margin: 29.9% . - Weighted Average Occupancy: 86.6%, an increase of 170 basis points (bps) YoY . - Resident Revenue: $189.0 million, a +9.4% YoY increase . - Adjusted Operating Expenses: $132.5 million, a +6.3% YoY increase . - NNN Lease Income: $7.5 million, a +4.2% YoY increase compared to $7.2 million in Q2 2025 . #### Same-Store SHOP Portfolio Metrics - NOI Margin: 32.6%, an increase of 250 bps YoY . - Incremental Flow Through: +63.4% YoY . - Resident Revenue: $158.1 million, a +8.0% YoY increase . - Adjusted Operating Expenses: $106.6 million, a +4.1% YoY increase . #### Other Key Financial and Operational Metrics - Enterprise Value: $3.5 billion . - Owned Properties: 152 properties . - Owned Units: Approximately 14,800 units . - Private Pay: 93.7% (excluding NNN Portfolio) . - Labor Costs: Declined 130 bps year-over-year to 40.4% as a percent of revenue . - RevPOR-to-ExpPOR Spread: Expanded 410 bps . - CHP Integration: Six communities transitioned in May delivered YoY NOI improvement exceeding 60% and expanded NOI Margin by 850 bps vs. Q2 2025 . - Unrestricted cash: $48.7 million as of June 30, 2026 . - Equity Distribution Agreement: Sonida Senior Living, Inc. sold 671,732 shares for $27.3 million in net proceeds . - Debt Refinancing: Secured an Ally Term Loan of up to $380 million in August 2026, drawing $372.5 million to repay existing debt and reduce its secured revolving credit facility . This fully repaid the Bridge Loan Facility (- $170 million) and an existing Ally term loan (- $122 million; SOFR +265) . - Acquisitions Under Contract: Approximately $88 million . - Total Consolidated Debt: $1,593.9 million with a weighted average interest rate of 5.43% as of June 30, 2026, pro forma for Ally Bank financing . - Debt Maturity: 97.3% of debt matures in 2029 or after . #### Outlook / Guidance Sonida Senior Living, Inc. aims to drive sustained strong Net Operating Income (NOI) growth in its existing portfolio, supported by organic growth and disciplined pipeline development . The company plans to fund this growth with an increasingly flexible balance sheet and a return-driven capital allocation framework, targeting double-digit unlevered returns and per-share free cash flow accretion . Furthermore, Sonida intends to scale its national platform to achieve incremental NOI Margins greater than 50% on a sequential basis and optimize its balance sheet to target mid-6x leverage through selective asset recycling . ### Related Stocks - [SNDA.US](https://longbridge.com/en/quote/SNDA.US.md) ## Related News & Research - [Sonida Senior Living director Benjamin P. Harris disposes of 6,269 common shares worth $249,450.72](https://longbridge.com/en/news/296397518.md) - [Sonida Senior Living issues 41,250 Series B preferred shares in unregistered sale under exchange deal](https://longbridge.com/en/news/295453004.md) - [Skye Bio amends 8-K to set Aug. 24 effective date for reverse stock split](https://longbridge.com/en/news/296471274.md) - [Vital Farms amends 8-K to add missing Item 5.03 in EDGAR header](https://longbridge.com/en/news/296122466.md) - [Getty Realty amends 8-K to detail Eugene Shnayderman separation, including $300,000 cash payment](https://longbridge.com/en/news/296534890.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**