Sonida Senior Living — Third Quarter 2026 Earnings Summary

Sonida Senior Living reported a net loss of $34.3 million for the third quarter of 2026, while achieving normalized funds from operations of $23.1 million and adjusted EBITDA of $46.8 million. The company expanded its portfolio through acquisitions in September and October 2026, adding seven communities for a total purchase price of $150.2 million. Same-store weighted average occupancy rose to 88.6%, driving a 15.6% increase in same-store SHOP net operating income on a pro forma basis. To support these activities and refinance existing debt, the company drew $372.5 million on a new term loan and raised $68 million through its at-the-market equity program.