Sonida Senior Living, Inc. reported a significant increase in revenue for the fiscal year ending December 31, 2025, with total resident revenue reaching $332 million, a 23.9% increase from $268 million in 2024. However, the company also experienced a net loss of $72.5 million, compared to a loss of $3.3 million in the previous year. This substantial increase in losses was attributed to a $12.5 million non-cash impairment charge related to long-lived assets, as well as increased transaction and restructuring costs associated with the company's strategic initiatives.
In 2025, Sonida expanded its portfolio through the acquisition of 19 new communities, which contributed to the rise in revenue. The company also completed the acquisition of CNL Healthcare Properties, Inc. (CHP) on March 11, 2026, a move that is expected to more than double its owned units to approximately 14,700 and enhance its presence in key markets across the South, Southeast, and Midwest. The CHP acquisition involved a total transaction value of approximately $1.8 billion, funded through a combination of cash and newly issued common stock.
Operationally, Sonida managed 96 senior housing communities across 20 states as of December 31, 2025, with a total capacity of about 10,150 residents. The company reported a weighted average occupancy rate of 84.7%, slightly down from 85.3% in 2024. The average monthly revenue per available unit (RevPAR) increased by 7.9% to $3,952, while the average monthly revenue per occupied unit (RevPOR) rose by 8.6% to $4,665. These metrics indicate a positive trend in revenue generation despite the challenges faced in occupancy.
Looking ahead, Sonida's management expressed optimism regarding the integration of CHP and the anticipated synergies from the merger. The company aims to enhance operational efficiencies and optimize its portfolio by focusing on high-growth assets while potentially divesting from lower-performing properties. However, the company also acknowledged ongoing challenges, including labor cost pressures and the need for effective management of its debt obligations, particularly as it navigates the financial landscape post-merger. The company’s ability to generate sufficient cash flow and maintain compliance with its debt covenants will be critical in the coming fiscal periods.
About SONIDA SENIOR LIVING, INC.
Sonida Senior Living, Inc. owns, operates, and invests in senior housing communities across the U.S., providing independent, assisted living, and memory care services. Serving residents aged 75+, the company emphasizes personalized care, community engagement, and operational efficiency. Its portfolio includes owned and managed communities focused on quality, resident satisfaction, and strategic growth within concentrated geographic regions.
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