Sonida Senior Living (SNDA) Reports Q1 Net Loss of $16.7M

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Go back to Sonida Senior Living (SNDA) Reports Q1 Net Loss of $16.7M

Sonida Senior Living, Inc. Announces First Quarter 2022 Results

May 23, 2022 6:00 AM EDT

DALLAS--(BUSINESS WIRE)-- Sonida Senior Living, Inc. (the Company, we, our, or us) (NYSE: SNDA) announced results for the first quarter ended March 31, 2022.

First Quarter Highlights

Net loss attributable to common stockholders for the three months ended March 31, 2022, was $17.8 million, compared to net income attributable to common stockholders for the three months ended March 31, 2021, of $38.8 million. The change was primarily due to a $47.0 million gain on extinguishment of debt and $8.7 million of CARES Act income in 2021. Quarterly same-store weighted average occupancy increased to 82.3% for the three months ended March 31, 2022,... More