Senior Housing News November 13, 2024
Sonida Senior Living (NYSE: SNDA) has grown its operating portfolio by almost one-third over the last six months, and the company has more expansion planned ahead.
The Dallas-based senior living operator closed its sixth transaction of the year in early November, bringing its total of newly added communities to 22 this year. And there is potentially more growth on the horizon next year, executives said during the company’s third-quarter 2024 earnings call Wednesday.
Although the company’s consolidated net operating income (NOI) margins registered at 26.7% in the third quarter of 2024, representing a gain over the company’s NOI margins of 24.8% in 3Q23; it fell short of the company’s 2Q24 NOI margins of 28.2% in the second quarter of 2024.
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