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• Same-Store Adjusted Community NOI Growth: 19% year-over-year increase in 2024.

• Adjusted EBITDA Growth: 27% year-over-year increase in 2024.

• Occupancy Improvement: 180 basis points increase in same-store occupancy in 2024.

• RevPOR Growth: Nearly 6% year-over-year increase in 2024.

• Portfolio Expansion: 30% increase in total units with the integration of 20 owned and 3 managed communities.

• NOI Margin: 21.7% for Q4 2024 acquisition communities.

• Debt Transactions: $18.3 million discounted payoff on a $28.4 million loan and extension of $220 million debt maturity to January 2029.

• Same-Store Revenue Increase: Over $14 million annualized increase, driven by a 5.1% rate increase and 70 basis points occupancy growth.

• Pro Forma NOI Growth: 9.6% increase in Q4 2024, excluding non-recurring credits.

• Annual Revenue Growth: 7.5% increase from occupancy gain and RevPOR increase.

• Annual Adjusted Community NOI Increase: 21% or $11.4 million, excluding non-recurring state grants.

• Occupancy Rate: 86.6% weighted average in Q4 2024.

• Annual Rate Increase: 6.3% in 2024.

• Level of Care Revenue Increase: $1.1 million or 8.3% year-over-year increase.

• Labor Expense Trends: Average annual total employee count increased by 2.1%.

• Non-Labor Expense Reduction: Decreased 60 basis points as a percentage of revenue.

• Debt Composition: 61% fixed rate debt with a weighted average interest rate of 4.7%.

• NOI Growth Potential: Additional $9 million of NOI from Q4 2024 acquisitions, with potential for $22 million more.

• Warning! GuruFocus has detected 4 Warning Signs with SNDA.

Release Date: March 17, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Sonida Senior Living Inc (NYSE:SNDA) achieved significant year-over-year growth in same-store adjusted community NOI and adjusted EBITDA, with increases of 19% and 27%, respectively.

• The company successfully integrated 20 owned and three managed communities, representing a near 30% increase in total units to the portfolio.

• Sonida Senior Living Inc (NYSE:SNDA) executed six transactions totaling more than $250 million in gross asset value, enhancing its capital allocation strategy.

• Employee turnover decreased nearly 10% in 2024, reflecting successful investment in employee experience and retention strategies.

• The company reported a 15% year-over-year increase in lead volume and an 11% increase in tour volume, indicating strong demand and effective marketing strategies.

Negative Points

• Q4 2024 was the first quarter since the pandemic where Sonida Senior Living Inc (NYSE:SNDA) did not realize occupancy growth from the previous quarter, with a slight decline in occupancy.

• The company faced challenges with Medicaid-related aging in Indiana, leading to an increase in bad debt expense.

• Despite improvements, the company still relies on third-party sales referral partners, which could impact cost efficiency.

• Sonida Senior Living Inc (NYSE:SNDA) has a significant debt maturity of $113 million due in March 2027, which may require strategic financial planning.

• The company anticipates no significant one-time real estate tax credits in the future, which could impact financial performance compared to previous years.