Sonida Senior Living, Inc. (SNDA)

Sonida Senior Living's stock has experienced notable activity in the past six months. As of November 6, 2025, the stock price had increased by 22% over the last quarter and showed a 30% gain over the past six months. On November 10, 2025, Sonida Senior Living reported its third-quarter 2025 earnings, and while the company missed earnings per share (EPS) expectations, the stock demonstrated resilience, rising by 2.43% to $32.85 post-earnings, nearing its 52-week high. A significant event was the announcement of a $1.8 billion merger with CNL Healthcare Properties, intended to reduce leverage and accelerate the company's acquisition pace. In the second quarter of 2025, Sonida reported an 18% year-over-year increase in resident move-outs, partly due to rising resident acuity and a higher rate of resident deaths, and in response, the company focused on boosting operations, enhancing resident risk assessments, and improving sales, marketing, and training efforts, which led to normalized move-out rates and increased occupancy by August 2025. Sonida continued its inorganic growth strategy, with acquisitions contributing to occupancy improvements, and the company aims to acquire 23 assets over the next 18 months.

The demand for Sonida Senior Living's products and services is primarily driven by long-term demographic trends rather than significant short-term seasonality. The senior housing market is experiencing increasing demand due to the aging population, particularly the number of seniors turning 80, which is projected to dramatically increase until approximately 2030. While the overall demand trend is positive, there can be some operational seasonality, such as a seasonal impact on the communities' utilities expense.

Sonida Senior Living, Inc. (SNDA) is a prominent owner, operator, and investor in senior housing communities across the United States, operating within the Healthcare sector, specifically in the Medical Care Facilities industry, focusing on senior living. Sonida Senior Living provides a comprehensive range of services, including independent living, assisted living, memory care, and temporary stay options. They also offer home care services through third-party providers and emphasizes resident-centric care and engaging programming, aiming to sustain residents' autonomy and independence.

As of September 30, 2025, Sonida Senior Living operated 97 senior housing communities across 20 states, with an approximate aggregate capacity of 10,250 residents, including 84 owned communities and 13 communities managed on behalf of third parties. The company has recently expanded its presence through acquisitions in regions such as northern Florida, South Carolina, Georgia (Atlanta market), and Cincinnati, Ohio.

Sonida Senior Living has maintained a positive brand reputation over the past year, marked by industry recognition and strategic community engagement. Sonida received several "Best of 2025 Senior Living Awards" from the senior living referral company A Place for Mom, and 35 Sonida Senior Living communities were recognized as top-rated on U.S. News & World Report's Best Senior Living list for 2023-2024, based on resident and family satisfaction surveys. In May 2025, Sonida hosted grand opening celebrations in the greater Atlanta region to mark the rebranding of three recently acquired senior housing communities. In 2025, Sonida Senior Living has been actively shifting away from a heavy reliance on third-party referral partners towards more locally sourced leads and direct marketing efforts.

Sonida Senior Living, Inc. has a diverse ownership structure, with significant institutional and insider holdings. Major institutional shareholders include Conversant Capital LLC, Hazelview Securities Inc., Alyeska Investment Group, L.P., Solas Capital Management, LLC, Vanguard Group Inc, BlackRock, Inc., Clayton Partners LLC, Gotham Asset Management, LLC, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, and Arbiter Partners Capital Management LLC. Arbiter Partners Capital Management LLC is noted as the largest individual shareholder, owning 12.33 million shares, representing 65.70% of the company. Insiders collectively own a substantial portion of the company's stock, approximately 67.99%.