Sonida Senior Living (SNDA) Tops Q2 EPS by $2.77
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Sonida Senior Living, Inc. Announces Second Quarter 2022 Results
August 12, 2022 6:00 AM EDTDALLAS--(BUSINESS WIRE)-- Sonida Senior Living, Inc. (the Company, we, our, or us) (NYSE: SNDA) announced results for the second quarter ended June 30, 2022.
Second Quarter Highlights
Weighted average occupancy for the Companys consolidated owned portfolio increased 460 basis points year-over-year. Resident revenue increased 11.6% year-over-year. Net loss attributable to common stockholders for the second quarter was $8.5 million. Adjusted EBITDAR increased 1,370 basis points quarter-over-quarter to $4.2 million, driven primarily by continued improvement in operations. Contract labor decreased 41% quarter-over-quarter through the Companys focus on recruiting,... More