Mon, May 12, 12:45 PM (63 days ago)
**Sonida Senior Living, Inc. (SNDA) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Q1 2025 revenue was $91.9 million, up 36% from $67.4 million in Q1 2024. The increase was driven by higher occupancy, increased average rent rates, and additional communities acquired in 2024. - **Profit Margins:** Sonida reported a net loss of $13.0 million for Q1 2025, compared to a net income of $27.0 million in Q1 2024. The loss was primarily due to increased operating expenses and interest costs. - **Cash Flow:** Operating cash flow was positive at $3.8 million for Q1 2025, a significant improvement from the negative $4.1 million in Q1 2024. Investing activities used $7.9 million, mainly for capital improvements, while financing activities used $2.5 million, primarily for dividends and debt repayments. **Key Metrics and Trends:** - **Occupancy:** Weighted average occupancy increased to 86.8% in Q1 2025 from 85.8% in Q1 2024. - **Average Rent Rates:** Increased by 5.5% year-over-year. - **Debt:** Total debt was $654.2 million as of March 31, 2025, with a weighted average interest rate of 6.5%. The company has a senior secured revolving credit facility with $60.0 million outstanding and $43.2 million available. - **Acquisitions:** Sonida acquired 16 additional communities in 2024, including joint ventures and third-party managed communities. **Uncertainties and Future Operations:** - **Economic Factors:** The company faces uncertainties related to economic conditions, labor market pressures, and interest rate fluctuations. - **Regulatory Risks:** Compliance with Medicaid provider requirements and other regulations remains a focus. - **Future Plans:** Sonida plans to continue acquisitions, capital improvements, and debt refinancing to support growth and maintain financial flexibility. **Summary:** Sonida Senior Living, Inc. showed strong revenue growth in Q1 2025, driven by increased occupancy and rent rates. However, the company reported a net loss due to higher operating expenses and interest costs. The positive operating cash flow and available credit facility provide liquidity for future operations and acquisitions. The company faces economic and regulatory uncertainties but remains focused on growth and financial stability.