Senior Housing News August 12, 2024
Sonida Senior Living (NYSE: SNDA) reported its highest occupancy rate in the company’s history during the second quarter of this year. With better operational results in tow, the company is also plotting its next growth push.
On Monday, Sonida leadership announced that the company’s average occupancy now stands at 87.9%, up 220 basis points compared to the same period last year. The Dallas-based senior living provider’s operating margins also increased in the second quarter of 2024, rising 400 basis points to land at 28%, according to CEO Brandon Ribar.
With the positive momentum at its back, Sonida has line of sight on 90% occupancy, with the census mark being the company’s “next significant goal,” Ribar said. Just four communities across...
Today's Sponsors
Today's Sponsor