Sonida Senior Living (SNDA) Stock Overview
Owns and operates senior housing communities in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
SNDA Community Fair Values
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Analyst Price Targets
Sonida Senior Living, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$36.64 |
| 52 Week High | US$39.66 |
| 52 Week Low | US$23.78 |
| Beta | 0.78 |
| 1 Month Change | -1.00% |
| 3 Month Change | 17.36% |
| 1 Year Change | 49.37% |
| 3 Year Change | 301.75% |
| 5 Year Change | -26.71% |
| Change since IPO | -85.42% |
Recent News & Updates
Analysis Article • Jun 20
Sonida Senior Living (SNDA) Stock Looks 5.8% Overvalued After $613 Million Shelf Filing
How Sonida Senior Living’s Shelf Registration Frames the Latest Stock Story Sonida Senior Living (SNDA) has filed a shelf registration to offer up to $613.4 million in common stock, covering 17,109,184 shares. For investors, this focuses attention on potential capital raising and dilution risk. See our latest analysis for Sonida Senior Living. The shelf registration lands after a period of mixed momentum for Sonida Senior Living, with a 1-day share price return of 3.69% and a 90-day share...Seeking Alpha • Jun 05
Sonida Senior Living: The Turnaround Is Over, Now Comes The Compounding
Summary Sonida Senior Living has completed its turnaround, with occupancy at 87.2% and NOI margins at 31.2%, post-pandemic recovery. The $1.8B CNL Healthcare acquisition doubles SNDA’s scale, with management targeting $16–20M in annual G&A synergies and further operational efficiencies. Key risks include high leverage ($1.57B net debt) and successful integration of CNL. Deleveraging and operational execution are critical to the Buy thesis. Read the full article on Seeking AlphaRecent updates
Analysis Article • Jun 20
Sonida Senior Living (SNDA) Stock Looks 5.8% Overvalued After $613 Million Shelf Filing
How Sonida Senior Living’s Shelf Registration Frames the Latest Stock Story Sonida Senior Living (SNDA) has filed a shelf registration to offer up to $613.4 million in common stock, covering 17,109,184 shares. For investors, this focuses attention on potential capital raising and dilution risk. See our latest analysis for Sonida Senior Living. The shelf registration lands after a period of mixed momentum for Sonida Senior Living, with a 1-day share price return of 3.69% and a 90-day share...Seeking Alpha • Jun 05
Sonida Senior Living: The Turnaround Is Over, Now Comes The Compounding
Summary Sonida Senior Living has completed its turnaround, with occupancy at 87.2% and NOI margins at 31.2%, post-pandemic recovery. The $1.8B CNL Healthcare acquisition doubles SNDA’s scale, with management targeting $16–20M in annual G&A synergies and further operational efficiencies. Key risks include high leverage ($1.57B net debt) and successful integration of CNL. Deleveraging and operational execution are critical to the Buy thesis. Read the full article on Seeking Alpha
New Narrative • May 14
Expanded Scale And Data Platform Will Reshape Long Term Senior Housing Demand
Catalysts About Sonida Senior Living Sonida Senior Living owns and operates senior housing communities with a focus on care, occupancy and operating efficiency across its portfolio. What are the underlying business or industry changes driving this perspective?Analysis Article • May 14
Analysts' Revenue Estimates For Sonida Senior Living, Inc. (NYSE:SNDA) Are Surging Higher
Celebrations may be in order for Sonida Senior Living, Inc. ( NYSE:SNDA ) shareholders, with the analysts delivering a...
New Narrative • Mar 28
Acquisition Synergies And Portfolio Pruning Will Reshape Senior Housing Platform Over Time
Catalysts About Sonida Senior Living Sonida Senior Living owns and operates senior housing communities, with a focus on assisted living and related care services. What are the underlying business or industry changes driving this perspective?Analysis Article • Nov 26
After Leaping 27% Sonida Senior Living, Inc. (NYSE:SNDA) Shares Are Not Flying Under The Radar
Sonida Senior Living, Inc. ( NYSE:SNDA ) shareholders have had their patience rewarded with a 27% share price jump in...Seeking Alpha • Mar 18
Sonida Senior Living Q4 Earnings Highlight The Need To Report Better Growth Rates
Summary Sonida Senior Living's high debt and significant share dilution hinder its growth despite recent debt maturity extensions and early debt payments. Fiscal 2024 saw revenue growth to $300 million and a 27% increase in adjusted EBITDA, but free cash flow worsened. Profitability improvements are not as strong as they appear, with operating profit only slightly improving and GAAP income containing non-cash items. Reiterating a 'Hold' rating due to high debt, ongoing dilution, and technical resistance, despite some positive financial trends and investor optimism. Read the full article on Seeking AlphaSeeking Alpha • Oct 08
Sonida Senior Living: Soaring Demand, Limited New Supply, And A Low Valuation
Summary Sonida shares have dropped 31% from their recent high, and now trade at a 7.4% cap rate, a significant discount to major senior housing REITs. The senior housing market is poised for improved profitability due to increasing demand from the aging population and constrained new supply, boosting occupancy and rents. 2Q24 results showed 31% year-over-year growth in NOI as occupancy, rents, and margins improved. Despite higher financial leverage and lack of REIT status, SNDA's favorable supply demand dynamics and deep discount make it an attractive investment opportunity. The senior housing industry is consolidating, and Sonida could be an attractive acquisition target for larger competitors or private equity. Read the full article on Seeking AlphaSeeking Alpha • Jul 19
Sonida Senior Living: Leverage Declining But Remains At High Levels
Summary Sonida Senior Living continues to acquire assets at an accelerated pace in the US senior living market. The company's unique 'in-house' setup aims to take advantage of struggling competitors and drive growth through acquisitions and organic expansion. Despite high debt levels and negative profitability, Sonida's revenue and occupancy metrics are showing positive trends, but market conditions will be crucial for future growth and valuation. Read the full article on Seeking AlphaAnalysis Article • Jun 11
Sonida Senior Living, Inc.'s (NYSE:SNDA) Popularity With Investors Under Threat As Stock Sinks 26%
Sonida Senior Living, Inc. ( NYSE:SNDA ) shareholders won't be pleased to see that the share price has had a very rough...Analysis Article • Mar 27
There's Reason For Concern Over Sonida Senior Living, Inc.'s (NYSE:SNDA) Massive 164% Price Jump
Despite an already strong run, Sonida Senior Living, Inc. ( NYSE:SNDA ) shares have been powering on, with a gain of...Analysis Article • Mar 27
Optimistic Investors Push Sonida Senior Living, Inc. (NYSE:SNDA) Shares Up 164% But Growth Is Lacking
Despite an already strong run, Sonida Senior Living, Inc. ( NYSE:SNDA ) shares have been powering on, with a gain of...Analysis Article • Sep 29
Sonida Senior Living, Inc.'s (NYSE:SNDA) Shares Lagging The Industry But So Is The Business
Sonida Senior Living, Inc.'s ( NYSE:SNDA ) price-to-sales (or "P/S") ratio of 0.3x might make it look like a buy right...Seeking Alpha • Aug 10
Sonida Senior Living: Debt Restructuring Yet To Drive Inflows, Reiterate Hold
Summary U.S. senior living bankruptcies have increased during the pandemic, impacting Sonida Senior Living's equity stock. The company's debt restructuring is indeed noted, but uncertainty remains about its ability to turn around operations. Market returns haven't responded to news of the debt restructuring announcement. Net-net, reiterate hold. Read the full article on Seeking AlphaSeeking Alpha • Dec 15
Sonida Senior Living: No Change To Hold Thesis Following Latest Developments
Summary Reasonable growth period last quarter but not enough to get the market biting. Shares underperforming with many themes consistent from previous analysis. Underlying market robust but SNDA not growing at pace. Reaffirm hold thesis. Investment Summary We revisited our thesis on Sonida Senior Living, Inc. (SNDA) after remaining neutral on the stock since the last publication. There is much to like about the company on face value, however this hasn't pulled through to share price performance in FY22. Following its latest numbers last month, we're back today to reiterate our negative findings. Before we proceed, as a reminder, our last analysis on the company uncovered the following data points: GAAP measures of quarterly operating performance had fallen off on a sequential basis since FY17. Vertically down the P&L from revenue down income had narrowed substantially and had with investors then realizing a substantial negative FCF yield. This matched the erosion in shareholder value that had been exhibited during the same time. Investors were then expected to pay ~4x TTM sales and 129x TTM EV/EBITDA for a series of long-term operating losses, and a $366 million retained deficit (versus retained earnings). This also bought negative working capital of $35 million, ongoing NOPAT losses, a Q2 FY22 FCF loss of $11 million and a negative tangible book value of equity of $69 million. The loss on FCF and book value would have been acceptable and perhaps even preferred if return on investment exceeded the company's return on investment beat the WACC hurdle, and capital was easily accessible. We also note it had $41.25 million in preferred equity on its balance sheet and debt of $668 million including minority interests. Alas, and unfortunately, we retain our hold rating on SNDA. Latest numbers not enough to get the market biting We'd note it was a fairly tight period of growth for SNDA. For example, looking at Q3 metrics like revenue per available unit, increased by 6.3% and revenue per occupied unit increased by 2.9%, bringing in $3,682. Adjusted EBITDA increased by 41.0% YoY and by 5.0% in sequential quarters, due to continued improvement in operations. Despite this, the community net operating income decreased by $100,000. We also observed the number of open community leadership positions decreased from 33 to 14, indicating stability in the community workforce. As a result, the company expects a wind-back in its reliance on contract labor looking ahead, and this could be a potential tailwind. As with the broad industry, average wages also increased during the quarter, and net hires increased by 7.9% since the year-end. It pulled this down to a net loss of $13.7mm, compared to a net loss of $7.4mm last year. The difference between these two time periods can be largely attributed to the $9.1mm of CARES Act income recognized during Q2 2022. As you can see below, our findings also demonstrate the company has a large recovery period ahead of itself to return to previous revenue clips. This would explain the lack of investor attention in our opinion. We would also note that core EBITDA has note shown the growth of pre-pandemic times either. Exhibit 1. SNDA long-term operating performance, per quarter Data: Refinitiv, Koyfin Deeper market analysis to guide positioning for SNDA It was important for us to share our findings of the broad assisted living facilities market. There are differentiating factors about the space that are worth noting. When we performed our macro-deep dive on the sector, we focused on two main fragments of the market: the first being the demand for these services, the supply of facilities, and the financial aspects of the industry. One study on the demand for assisted living facilities found that the number of Americans over the age of 85 is expected to more than double by 2050, resulting in increased demand for long-term care services such as assisted living. Another study found that seniors are increasingly preferring assisted living facilities over nursing homes, with the number of seniors choosing assisted living facilities increasing by nearly 50% from 2000 to 2010. On the supply side, the number of assisted living facilities has also been increasing in recent years. The number of assisted living units in the United States increased by 45% from 2002 to 2012. However, the growth of the industry has not been evenly distributed across the country, with some states experiencing much faster growth than others. In terms of the financial aspects of the assisted living facility market, recent analysis has shown that the industry is highly fragmented, with the majority of facilities being owned by small, privately-held companies. Research from the start of the millennium noted the top 25 assisted living companies in the United States only account for about 15% of the market. Additionally, the cost of assisted living varies widely depending on location, with some states having much higher median costs than others.Seeking Alpha • Nov 14
Sonida Senior Living GAAP EPS of -$2.34, revenue of $60.78M
Sonida Senior Living press release (NYSE:SNDA): Q3 GAAP EPS of -$2.34. Revenue of $60.78M (+4.9% Y/Y).Seeking Alpha • Aug 28
Sonida Senior Living: Unattractive Operating Metrics Mitigate Buy Rating
Summary Sonida Senior Living presents with a loose affinity to the kind of equity premia we are positioning against in H2 FY22. Quarterly operating metrics have remained unattractive on a sequential basis since FY17. Second quarter earnings were mixed and exhibited some signs of growth activity. Nonetheless, investors are expected to pay exorbitant multiples for a substantial asymmetrical risk profile in the risk/reward calculus. On these bases, we rate SNDA a hold. Investment Summary Equity and cross-asset managers are seeking to step up in quality and resiliency to position for the distribution of potential outcomes in the global economy. This increasingly includes prospects of economic recession and/or persistent inflation. Note, the deflationary drivers of the past decade [globalization of supply chains, labour migration, technology, etc.] are starting to diminish, and we are in uncharted waters in the real economy. Exhibit 1. SNDA 6-month price action followed by 5-year action Data: Updata Data: Updata As such, we are considering paying fair value for only the highest quality earnings and equity value that is on offer in the healthcare universe. In that vein, our findings indicate that Sonida Senior Living, Inc. (SNDA) displays a loose affinity to this kind of equity premia we are seeking exposure too. Investors are asked to pay ~129x EV/EBITDA for a set of undesirable investment characteristics, when there is ample quality available in other sections of the market. With this in mine, we rate SNDA a hold. Q2 earnings mixed, but not terrible Second quarter earnings give unique insights into expected financial performance for FY22. Total revenue came in at $59.6 million, a gain of ~360bps YoY, with the 87% of turnover stemming from resident revenue, up from 81%. Management fees and community reimbursement revenue each narrowed YoY. Meanwhile, OPEX lifted ~10.5% YoY to $41.5 million, and total expenses to $67 million, resulting in an operating loss of ~$8 million. However, with SNDA it's all about occupancy, given the bolus of its turnover is acquired from resident revenue. Weighted average occupancy [days occupied divided by total available days] was 83.2% for the quarter – up 510bps YoY, but still ~50bps behind pre-pandemic rates. Unit capacity reduced 20bps to 5,617 and this was offset by a $154,000 YoY gain in average monthly rate. Exhibit 2. Occupancy trends normalizing back towards pre-pandemic levels Data: SNDA 10-K August 2022 As a result of the momentum in occupancy rates, same-store revenue per available room ("REVPAR") saw an ~11.5% gain whilst revenue per occupied room ("REVPOR") gained ~440bps YoY. Each of these gained 200bps and 80bps from Q1 FY22, respectively. Same store NOI therefore gained 204% YoY to $3.4 million, producing a net operating margin of 660bps from 240bps in Q2 FY21. Underpinning these trends was a 41% decrease in contract labour, a step further to management's goal of completely eliminating contract labour entirely from the portfolio. Sequential decline in performance Rate growth is a key driver of corporate profit (measures via EPS) for SNDA and has underpinned earnings growth this YTD. The company believes there's further capacity to stretch rates even higher in FY22, but we aren't so sure on the validity of this, particularly on a comparative basis. We are arguably heading into a weaker period of economic growth that's marred by pressures from inflation and interest rates. Therefore, residential living is at the forefront of the debate, and the pricing environment will become less benign and more competitive as a result, by our estimate. As seen below, NOI margin has tightened since FY19, despite growth trends in resident revenue. Exhibit 3. Whilst resident revenue has curled up since FY20, NOI margin continues to tighten This isn't the kind of combination we'd like to see – ideally, NOI margins remain steady or decompress with higher revenue volumes. Data: SNDA 10-K August 2022 Moreover, as seen in Exhibit 4, GAAP measures of quarterly operating performance has fallen off on a sequential basis since FY17. Vertically down the P&L from revenue down income has narrowed substantially and has with investors now realizing a substantial negative FCF yield. This matches the erosion in shareholder value that's been exhibited during the same time. Investors are now expected to pay ~4x TTM sales and 129x TTM EV/EBITDA for a series of long-term operating losses, and a $366 million retained deficit (versus retained earnings). This also buys negative working capital of $35 million, ongoing NOPAT losses, a Q2 FY22 FCF loss of $11 million and a negative tangible book value of equity of $69 million. The loss on FCF and book value would be acceptable and perhaps even preferred if return on investment exceeds the company's return on investment beat the WACC hurdle, and capital is easily accessible. Here we checked how much NOPAT SNDA generated from the previous period's invested capital. It also raised ~$155 million for investment into the business last quarter. We also note it has $41.25 million in preferred equity on its balance sheet and debt of $668 million including minority interests. Exhibit 4. Operating metrics continue to narrow on a sequential basis Data : HB Insights; SNDA SEC Filings As such, return on invested capital continued its downtrend last quarter and came in at a negative 10bps. These are less than desirable characteristics and paying a relative premium to peers suggests the value proposition mightn't be worth it with SNDA at this stage. We are seeking exposure to long-term cash compounders who regularly beat the WACC hurdle, and SNDA doesn't fit the bill here. On this ground in particular we remain neutral on its outlook. Exhibit 5. Return on investment continues to narrow and fails to justify a negative FCF schedule Data: HB Insights, SNDA SEC Filings SNDA are nonetheless confident of further rate pass-throughs; per president and CEO, Kimberly Lody on the Q2 earnings call: "Rate growth has been a positive driver for our business, starting at a lower level earlier in the year and gaining momentum each month with market rate increases and in-place renewals. We believe there is still opportunity to push rates higher in 2022 given positive supply and demand dynamics as well as the tangible value provided by our care teams and resident programs."Shareholder Returns
| SNDA | US Healthcare | US Market | |
|---|---|---|---|
| 7D | 5.1% | 0.07% | -2.3% |
| 1Y | 49.4% | 19.3% | 21.2% |
Return vs Industry: SNDA exceeded the US Healthcare industry which returned 19.8% over the past year.
Return vs Market: SNDA exceeded the US Market which returned 23.3% over the past year.
Price Volatility
| SNDA volatility | |
|---|---|
| SNDA Average Weekly Movement | 5.3% |
| Healthcare Industry Average Movement | 6.9% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SNDA has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: SNDA's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 4,282 | Brandon Ribar | www.sonidaseniorliving.com |
Sonida Senior Living, Inc. owns and operates senior housing communities in the United States. The company provides independent living services, which include daily meals, transportation, social and recreational activities, laundry, housekeeping, and 24-hour staffing; and access to health screenings, periodic special services, and dietary and similar programs, as well as exercise and fitness classes. It offers assisted living services consist of personal care services, such as assistance with activities of daily living, including ambulation, bathing, dressing, eating, grooming, personal hygiene, and monitoring or assistance with medications; support services, such as meals, assistance with social and recreational activities, laundry, general housekeeping, maintenance, and transportation services; and supplemental services, which include extra transportation, personal maintenance, and extra laundry services, as well as special care services for residents with various forms of dementia.
Sonida Senior Living, Inc. Fundamentals Summary
| SNDA fundamental statistics | |
|---|---|
| Market cap | US$1.71b |
| Earnings (TTM) | -US$123.87m |
| Revenue (TTM) | US$367.34m |
4.7x
P/S Ratio-13.8x
P/E RatioIs SNDA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SNDA income statement (TTM) | |
|---|---|
| Revenue | US$367.34m |
| Cost of Revenue | US$275.48m |
| Gross Profit | US$91.86m |
| Other Expenses | US$215.72m |
| Earnings | -US$123.87m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -2.65 |
| Gross Margin | 25.01% |
| Net Profit Margin | -33.72% |
| Debt/Equity Ratio | 182.5% |
How did SNDA perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/23 04:21 |
| End of Day Share Price | 2026/06/23 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sonida Senior Living, Inc. is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Steven Valiquette | Barclays |
| Joanna Sylvia Gajuk | BofA Global Research |
| Richard Anderson | Cantor Fitzgerald & Co. |