Revenue Performance - For the three months ended September 30, 2023, the Company generated resident revenue of approximately $59.1 million, an increase of 12.6% compared to $52.5 million for the same period in 2022[128]. - For the nine months ended September 30, 2023, the Company generated resident revenue of approximately $172.7 million, representing an increase of 11.2% from approximately $155.3 million in the same period of 2022[128]. - Resident revenue for Q3 2023 was $59.1 million, an increase of $6.6 million or 12.6% compared to Q3 2022, primarily due to increased occupancy and average rent rates[150]. - Resident revenue for the nine months ended September 30, 2023 was $172.7 million, an increase of $17.4 million or 11.2% from $155.3 million in the same period in 2022, driven by increased occupancy and average rent rates[157]. Occupancy and Rental Rates - Weighted average occupancy for the three months ended September 30, 2023, was 84.9%, up from 83.4% in the same period of 2022, indicating continued recovery post-COVID-19[129]. - The average monthly rental rate for the quarter ended September 30, 2023, was 11.7% higher compared to the same quarter in 2022[129]. Operating Expenses - Operating expenses for Q3 2023 were $44.5 million, an increase of $1.4 million or 3.2% compared to Q3 2022, driven by a $2.2 million rise in labor and employee-related expenses[152]. - Operating expenses for the nine months ended September 30, 2023 were $133.0 million, an increase of $6.4 million or 5.1% compared to $126.6 million for the same period in 2022, mainly due to a $5.8 million increase in labor and employee-related expenses[159]. Grants and Financial Support - The Company received approximately $0.5 million in various state grants during the quarter ended September 30, 2023, and $2.9 million for the nine months ended September 30, 2023[127]. Debt and Financing - The Company entered into a forbearance agreement with Fannie Mae in June 2023, which significantly reduced debt service payments and improved working capital[126]. - The Company may request additional investments of up to $25.0 million from Conversant Investors for future capital expenditures and acquisitions[127]. - The Company entered into a $13.5 million equity commitment agreement with Conversant Investors, with a commitment fee of $675,000 payable through the issuance of 67,500 shares of common stock[137]. - The Company made an equity draw of $6.0 million in July 2023 and issued 600,000 shares of common stock to Conversant[137]. - The Company is required to escrow 50% of Net Cash Flow less Debt Service on an aggregate basis over all 37 Fannie Mae communities for the first twelve months following the loan modification[134]. Impairment and Restructuring - The Company recorded a non-cash impairment charge of $6.0 million in Q3 2023 related to one owned community due to recurring net operating losses[154]. - The Company recorded a non-cash impairment charge of $6.0 million during the nine months ended September 30, 2023, related to one owned community due to recurring net operating losses[161]. - The Company incurred restructuring costs of $0.7 million in the nine months ended September 30, 2023, included in deferred loan costs[134]. Cash Flow and Liquidity - Net cash provided by operating activities for the nine months ended September 30, 2023 was $10.6 million, an increase of $7.7 million from $2.9 million in the same period in 2022, attributed to increased income from operations[171]. - Net cash used in investing activities was $12.8 million for the nine months ended September 30, 2023, primarily due to $14.2 million in capital expenditures[172]. - Net cash used in financing activities for the nine months ended September 30, 2023 was $7.4 million, primarily due to repayments of notes payable of $12.5 million[173]. - As of September 30, 2023, the company had approximately $3.6 million of unrestricted cash balances on hand, with future liquidity dependent on operating performance and economic conditions[166]. Community Management - Managed community reimbursement revenue decreased to $5.0 million in Q3 2023 from $7.7 million in Q3 2022, a decline of $2.7 million due to managing fewer communities[151]. - Managed community reimbursement expense for the nine months ended September 30, 2023 was $15.3 million, a decrease of $6.5 million or 29.9% compared to $21.8 million for the same period in 2022, primarily due to managing fewer communities[158]. Workforce Challenges - The Company faced workforce challenges requiring the use of overtime, shift bonuses, and contract labor to support its senior living communities[131]. Liquidity Improvement Actions - The Company has taken actions to improve liquidity, including cost-cutting and efficiency initiatives, to address going concern uncertainties[122].

Sonida Senior Living, Inc. (NYSE:SNDA) Q2 2023 Results Conference Call August 14, 2023 12:30 PM ET Company Participants Brandon Ribar - CEO Kevin Detz - CFO Conference Call Participants Steven Valiquette - Barclays Operator Good day, and welcome to the Sonida Senior Living Second Quarter 2023 Earnings Conference Call. Today's conference is being recorded. All statements today, which are not historical facts may be deemed to be forward-looking statements within the meaning of the federal securities laws. The ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13445 Sonida Senior Living, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporat ...

Sonida Senior Living, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13445 (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorpora ...

Sonida Senior Living, Inc. (NYSE:SNDA) Q1 2023 Results Conference Call May 11, 2023 12:30 PM ET Company Participants Brandon Ribar - CEO Kevin Detz - CFO Conference Call Participants Steve Valiquette - Barclays Operator Good day, and welcome to the Sonida Senior Living Q1 2023 Earnings Conference Call. Today's conference is being recorded. All statements today which are not historical facts may be deemed to be forward-looking statements within the meaning of the federal securities laws. These statements are ...

Form 10-K (Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13445 Sonida Senior Living, I ...

83.9% 2022 Q4 Weighted Avg Occupancy 62 owned communities Pandemic occupancy low point - Jan '22 excludes 20 units under conversion Find your jou here 8 Revenue and Rate Initiatives Unit market rate reviews are underway • Leverage industry data by key Designated Market Areas (DMA) • Utilize localized, competitive data collection for comparable analysis • Consideration of apartment and hospitality specific characteristics including exterior views and proximity to highvalue communal spaces • Ongoing local com ...

Sonida Senior Living, Inc. (NYSE:SNDA) Q4 2022 Earnings Conference Call March 30, 2023 2:30 PM ET Company Participants Brandon Ribar - Chief Executive Officer Kevin Detz - Chief Financial Officer Conference Call Participants Operator Good afternoon. And welcome to the Sonida Senior Living Fourth Quarter and Full Year 2022 Earnings Conference Call. Today’s conference is being recorded. All statements today which are not historical facts may be deemed to be forward-looking statements within the meaning of the ...

Sonida Senior Living, Inc. (NYSE:SNDA) Q3 2022 Earnings Conference Call November 14, 2022 1:00 PM ET Company Participants Brandon Ribar - President and CEO Kevin Detz - CFO Conference Call Participants Steven Valiquette - Barclays Operator Good day, and welcome to the Sonida Senior Living Third Quarter 2022 Earnings Conference Call. Today's conference is being recorded. All statements today, which are not historical facts, may be deemed to be forward-looking statements within the meaning of the federal secu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-13445 Sonida Senior Living, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incor ...