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Sonida Senior Living, Inc. (SNDA)
NYSE:SNDA
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.71Last Year’s EPS
-2.17Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -5.78%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call highlights strong acquisition and financial performance, including significant growth in occupancy and net operating income, successful capital events, and effective debt management. While there are some challenges related to seasonal rate declines and utility costs, the overall strategic growth and financial achievements create a positive outlook.Company Guidance
During the Sonida Senior Living Q3 2024 earnings call, the company outlined several key metrics and strategic initiatives. Sonida completed the acquisition of 14 new communities valued at over $160 million and secured a $150 million line of credit, alongside raising $130 million through an overnight equity offering at $27 per share. The company extended $220 million in mortgages with Fannie Mae to a new maturity date of January 1, 2029. Operational highlights included a 30% increase in the operating portfolio, reaching a weighted average occupancy of 87%, up 210 basis points year-over-year, and an 18% increase in community net operating income. Looking forward, Sonida aims to achieve a 90% occupancy target and expects to deliver further NOI growth and margin expansion through ongoing acquisitions and operational improvements.Acquisition and Expansion Success
Completed acquisitions of 14 new communities with more than $160 million in total asset value, increasing the total number of communities added this year to 22, amounting to nearly 2,000 units or a 30% increase in the operating portfolio over the past 6 months.
Financial and Capital Milestones
Completed a $150 million secured line of credit on advantageous terms, and a public equity offering resulting in $130 million of new capital at $27 per share. Successfully extended $220 million of outstanding mortgages with Fannie Mae to a maturity date of January 1, 2029.
Occupancy and Margin Growth
Same-store portfolio achieved 14th consecutive quarter of occupancy growth, reaching a new weighted average quarterly high at 87%, with a 210 basis points increase year-over-year. Community net operating income increased more than 18% year-over-year when removing prior year nonrecurring grant income.
Resident and Employee Engagement
Improved resident engagement through Joyful Living programs and increased employee retention in community leadership and staff levels. Sales and marketing efforts led to a 7.5% increase in lead volume year-over-year, with a higher percentage from organic channels.
Balance Sheet and Debt Management
Completed a discounted payoff of $18.5 million on a $28.7 million loan, representing a $10 million or 36% discount on the loan principal balance, addressing legacy debt effectively.
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SNDA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNDA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $23.86 | $22.59 | -5.32% |
| Aug 12, 2024 | $29.36 | $29.01 | -1.19% |
| May 10, 2024 | $32.99 | $32.27 | -2.18% |
| Mar 27, 2024 | $32.30 | $28.99 | -10.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sonida Senior Living, Inc. (SNDA) report earnings?
Sonida Senior Living, Inc. (SNDA) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Sonida Senior Living, Inc. (SNDA) earnings time?
Sonida Senior Living, Inc. (SNDA) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNDA EPS forecast?
SNDA EPS forecast for the fiscal quarter 2024 (Q4) is -0.71.
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