Sonida Senior Living, Inc. (SNDA)

Sonida Senior Living's stock (SNDA) has experienced several notable events in the past six months. The company's shares dropped 31% from a recent high by October 2024, despite positive operating results and continued acquisitions. Sonida reported strong Q1 2025 results, with resident revenue increasing 30.6% year-over-year to $79.3 million and same-store portfolio occupancy rising 100 basis points to 86.8%, but reported a net loss of $12.5 million. In Q2 2025, resident revenue increased 29.7% to $81.8 million, and the net loss improved to $1.6 million. An 18% year-over-year increase in resident move-outs in its same-store portfolio during Q2 2025, with nearly half attributed to a higher rate of resident deaths, led to enhanced resident risk assessments and adjusted operating divisions, resulting in normalized move-out rates and a rise in same-store occupancy by August 2025. The company also announced a partnership with August Health in February 2025 to enhance clinical operations.

The demand for Sonida Senior Living's products and services is primarily driven by the increasing aging population in the United States. The number of seniors turning 80 is projected to increase dramatically until approximately 2030, leading to a growing need for senior housing. This demographic trend, coupled with a constrained new supply of senior living facilities, creates a favorable supply/demand dynamic for the industry. The company anticipates industry occupancy to exceed 90% in the coming years, supported by rising rents and moderating operating expenses.

Sonida Senior Living, Inc. operates in the senior living industry, providing residential housing and services to individuals aged 55 and older, focusing on those 75 years and older. Its services include independent living, assisted living, and memory care, encompassing daily meals, housekeeping, 24-hour staffing, transportation, social activities, and healthcare monitoring. The company aims to sustain residents' autonomy through an integrated approach that adapts to their physical and cognitive abilities.

As of September 4, 2025, Sonida Senior Living spans 97 senior housing communities across 20 states, with a capacity of approximately 10,260 residents. The company owns 84 of these communities and manages 13 for third parties. In 2024, Sonida acquired 20 new communities in states such as Georgia, Florida, and South Carolina, focusing on densifying its presence in the Southeast and acquiring communities in the Dallas-Fort Worth and Atlanta, GA markets.

Sonida Senior Living has received positive recognition for its services in the past year. In May 2023, 35 of its communities were recognized with "Best Senior Living Awards" for 2023-2024 by U.S. News & World Report. One location in New York specifically received a 9.9/10 rating and an award from A Place for Mom in 2025. No significant negative events or controversies impacting Sonida Senior Living's brand reputation in the past year were found in the search results.

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. Conversant Capital LLC is a particularly large shareholder, holding 48.58% of the equities. Arbiter Partners Capital Management LLC is also a significant individual shareholder, owning 12.33 million shares, representing 65.52% of the company. Other notable individual or insider shareholders include Paul J. Isaac, James A. Stroud, Cove Street Capital LLC, Sam Levinson, Conversant Private GP LLC, Harvey Hanerfeld, and Michael Simanovsky.