Sonida Senior Living
Owns and operates independent-living, assisted-living, and memory-care communities across a growing Sunbelt footprint.
Something off on this page? Send us feedback.
Profile
Owns and operates independent-living, assisted-living, and memory-care communities that generate revenue mostly through private pay rather than government programs. Built out of a Texas and Midwest base, the portfolio pivoted toward the Southeast starting in 2024 and roughly doubled in scale after a 2026 merger with a non-traded healthcare REIT.
Owns and operates independent-living, assisted-living, and memory-care communities, with resident fees paid mostly out of pocket rather than through government reimbursement. Recent acquisitions have leaned toward the higher-acuity assisted-living and memory-care segments.
The community base traces to a 1990 Dallas start-up that carried a different name and NYSE ticker until a 2021 recapitalization reset its balance sheet. Growth ran from a Texas and Midwest base, pivoted toward Florida, Georgia, and South Carolina from 2024, and a 2026 merger with a non-traded healthcare REIT stretched the footprint to about 165 communities across dozens of states.
Fannie Mae remains the secured lender behind many legacy community mortgages, and licensing for assisted living and memory care is set state by state rather than federally. Conversant Capital, the investor behind that recapitalization, is the largest shareholder and appoints the board chair.
Company facts
Key statistics
Year to date +17.5% · Average volume (30d) 441.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 11, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $42 | $47 |
| Aug 11, 2026 | Compass Point | Initiate | Buy | $65 | |
| Jul 27, 2026 | Citigroup | Initiate | Outperform | ||
| Jun 29, 2026 | RBC Capital | Reiterate | Outperform | $45 | $48 |
| May 13, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $42 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.48 | −$0.52 | −8.3% | $174.6M | $207.6M | +19.0% | +4.19% |
| May 11, 2026Q1 FY26 | −$1.67 | −$2.39 | −43.1% | $105.0M | $122.6M | +16.8% | +0.43% |
| Mar 11, 2026Q4 FY25 | −$1.17 | −$1.29 | −10.3% | $88.9M | $97.7M | +9.9% | −0.27% |
| Nov 10, 2025Q3 FY25 | −$0.75 | −$1.56 | −108.0% | — | $98.0M | — | −0.65% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $91.9M | $93.5M | $98.0M | $97.7M | $122.6M | $207.6M | |
| Gross profit | $80.3M | $21.6M | $20.6M | −$152.8M | −$12.4M | $61.7M | |
| Operating income | −$2.3M | −$1.8M | −$4.6M | −$49.6M | −$28.6M | −$5.5M | |
| Net income | −$12.5M | −$1.6M | −$26.9M | −$29.8M | −$41.2M | −$24.5M | |
| Diluted EPS | −$0.77 | −$0.16 | −$1.56 | −$1.72 | −$2.39 | −$1.35 | |
| Gross margin | 87.4% | 23.1% | 21.0% | -156.5% | -10.1% | 29.7% | |
| Operating margin | -2.5% | -1.9% | -4.7% | -50.8% | -23.3% | -2.6% |
Fiscal years (4-quarter sums)FY21 $201.7M · FY22 $211.1M · FY23 $245.0M · FY24 $304.3M · FY25 $381.1M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $48.7M · Total debt $1.57B · Total assets $2.55B · Shareholders' equity $861.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 47.39M · Float 26.11M · 55.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Conversant Capital LLC | 14.45M | 29.50% | 13D | Aug 25, 2026 |
| Capital International Investors | 3.29M | 6.95% | 13F | Aug 12, 2026 |
| Seymour Pluchenik | 3.07M | 6.70% | 13D | Mar 11, 2026 |
| Pertento Partners LLP | 2.38M | 5.01% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 2.22M | 4.68% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Michael Simanovsky | director, 10 percent owner: | −15,000 | $39.00 |
| Aug 26, 2026 | Michael Simanovsky | director, 10 percent owner: | −15,086 | $40.94 |
| Aug 25, 2026 | Michael Simanovsky | director, 10 percent owner: | −115,000 | $40.71 |
| Aug 14, 2026 | Benjamin P. Harris | director | −6,269 | $39.79 |
| May 13, 2026 | Benjamin P. Harris | director | −2,500 | $37.46 |
Peers
- Brookdale Senior Living
Largest US senior-living operator, 584 IL/AL/MC/CCRC communities, 41 states
- National HealthCare
Tennessee-based skilled nursing operator with Southeast AL/IL senior housing
- American Healthcare REIT
REIT rival bidding for the same Sunbelt senior-housing acquisition targets
- The Ensign Group
Large skilled-nursing operator with an expanding ancillary senior-living segment
- The Pennant Group
Ensign spinoff; mostly home health/hospice, smaller leased senior-living segment
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sonida Senior Living | $37.46 | −0.13% | $1.78B | — | — | 3.4 | +122.0% |
| Brookdale Senior Living | $11.60 | −1.11% | $2.80B | — | 482.1 | 0.9 | −11.6% |
| National HealthCare | $222.70 | +0.21% | $3.48B | 25.1 | — | 2.2 | +9.4% |
| American Healthcare REIT | $55.53 | −0.04% | $11.48B | 81.6 | 79.5 | 4.6 | +23.7% |
| The Ensign Group | $172.98 | +0.01% | $10.08B | 27.1 | 21.2 | 1.8 | +17.3% |
| The Pennant Group | $37.08 | +0.05% | $1.29B | 41.2 | 25.6 | 1.2 | +35.8% |
| Median | 34.2 | 52.6 | 1.8 | +17.3% |