Sonida Reports Q3 2026 Earnings with Increased Adjusted EBITDA and Occupancy Growth
Sonida (SNDA) reported its third-quarter 2026 financial results, highlighted by a 26.2% year-over-year increase in Adjusted EBITDA to $46.8 million. The growth was primarily driven by improved occupancy rates and margin expansion following the merger with CNL Healthcare Properties. Despite reporting a net loss of $34.3 million per share due to a one-time debt extinguishment charge, the company's underlying operational metrics showed strength. Key performance indicators included a 15.6% increase in same-store SHOP NOI and a rise in same-store RevPAR to $5,413. Management is actively managing its balance sheet, targeting a reduction in net leverage from 8.1x toward a range of 6x to 6.5x through NOI growth and capital recycling. The company also remains focused on strategic acquisitions, with an expected $250 million in capital deployment for the remainder of the year.
Tickers: $SNDA
Topics: earnings report EBITDA net loss occupancy rates revenue growth