Senior Housing News August 12, 2022
Sonida Senior Living (NYSE: SNDA) is nearing pre-pandemic occupancy levels, and outgoing CEO Kim Lody is confident that the company will return to those levels by the end of the year.
Lody’s confidence is underscored by occupancy gains made in the second quarter of 2022. Weighted average occupancy for the operator’s owned community portfolio rose to 83.2% in the second quarter of the year, representing a gain of 460 basis points over the same time in the previous year; and just 50 basis points away from where the operator was at the end of 2019.
Sonida Senior Living manages 76 communities across 18 states. The operator’s share price gained 4.3% Friday, ending the day at $18.20.
Some of the company’s...
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