Revenue and Occupancy - For the three months ended June 30, 2023, the Company generated resident revenue of approximately $57.0 million, a 9.5% increase from $52.0 million in the same period of 2022 [127]. - The weighted average occupancy for the 62 communities owned by the Company was 83.9% for the three months ended June 30, 2023, compared to 82.7% for the same period in 2022, indicating continued recovery [128]. - The average monthly rental rate for the communities for the quarter ended June 30, 2023, was 8.3% higher compared to the same quarter in 2022 [128]. - Resident revenue for Q2 2023 was $57.0 million, an increase of $5.0 million or 9.5% compared to Q2 2022, primarily due to increased occupancy and average rent rates [149]. - The Company generated resident revenue of approximately $113.6 million for the six months ended June 30, 2023, representing a 10.5% increase from $102.8 million in the same period of 2022 [127]. - Resident revenue for the six months ended June 30, 2023, was $113.6 million, an increase of $10.8 million or 10.5% compared to the same period in 2022 [155]. Grants and Financial Support - The Company received approximately $0.4 million in various state grants during the quarter ended June 30, 2023, and $2.4 million for the six months ended June 30, 2023, due to financial distress impacts of COVID-19 [126]. - The company received grants of $2.4 million in the six months ended June 30, 2023, compared to $1.2 million in the same period of 2022 due to COVID-19 impacts [168]. Operating Expenses - Operating expenses for Q2 2023 were $44.7 million, an increase of $3.2 million or 7.7% compared to Q2 2022, driven by a $2.3 million increase in labor and employee-related expenses [151]. - Operating expenses for the six months ended June 30, 2023, were $88.5 million, an increase of $5.1 million or 6% compared to the same period in 2022 [157]. - General and administrative expenses for Q2 2023 were $6.6 million, a decrease of $2.8 million compared to Q2 2022, mainly due to a reduction in stock-based compensation [152]. - General and administrative expenses decreased to $13.6 million for the six months ended June 30, 2023, down $4.1 million from $17.7 million in 2022 [158]. - Managed community reimbursement revenue for Q2 2023 was $5.4 million, a decrease of $1.6 million compared to Q2 2022, due to managing fewer communities [150]. - Managed community reimbursement revenue for the six months ended June 30, 2023, was $10.3 million, a decrease of $3.8 million compared to the same period in 2022, due to managing fewer communities [156]. - Managed community reimbursement expense decreased to $10.3 million for the six months ended June 30, 2023, a decrease of $3.8 million from $14.1 million in 2022 [159]. Debt and Financing - The Company entered into a forbearance agreement with Fannie Mae, which will significantly reduce debt service payments and improve working capital [126]. - The terms of the Loan Modification Agreement with Fannie Mae include extending maturities on 18 community mortgages to December 2026 and reducing the monthly interest rate by 1.5% for 12 months [132]. - The Company entered into a $13.5 million equity commitment agreement with Conversant Investors for a term of 18 months, with a commitment fee of $675,000 [137]. - The Refinance Facility includes an initial term loan of $80.0 million, with an additional $10.0 million available as delayed loans upon meeting certain financial covenants [139]. - Interest expense for Q2 2023 was $8.6 million, an increase of $0.7 million compared to Q2 2022, primarily due to increased interest rates on variable rate mortgages [154]. - Interest expense increased to $17.4 million for the six months ended June 30, 2023, up $1.9 million from $15.5 million in 2022 due to higher interest rates [160]. - The Company incurred costs of $0.2 million related to debt restructuring for the six months ended June 30, 2023 [133]. Cash Flow and Liquidity - Net cash provided by operating activities was $5.5 million for the six months ended June 30, 2023, an increase of $7.6 million from net cash used of $2.1 million in 2022 [168]. - Net cash used in investing activities was $9.4 million for the six months ended June 30, 2023, compared to $24.5 million in 2022 [169]. - Net cash used in financing activities was $6.3 million for the six months ended June 30, 2023, down from $19.9 million in 2022 [170]. - The company had approximately $7.2 million of unrestricted cash balances on hand as of June 30, 2023, with future liquidity dependent on operating performance and economic conditions [163]. Workforce Challenges - The Company is facing workforce challenges, requiring the use of overtime, shift bonuses, and contract labor to support its senior living communities [130]. Gain on Debt Extinguishment - Gain on extinguishment of debt was $36.3 million for the six months ended June 30, 2023, compared to a loss of $0.6 million in the same period of 2022 [161].

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 ...

Financial Data and Key Metrics Changes - The company achieved an 8th consecutive quarter of occupancy growth, with a revenue increase of 6% in Q1 2023, contributing to a 26% increase in community NOI and a 7.5% increase in adjusted NOI [13][8][4] - The overall rate increase was 9.1% on approximately 1,500 leases, leading to adjusted RevPOR increases of 5.6% year-over-year and 2.6% quarter-over-quarter [18][9] - Operating margin reached 24.3% in March, up 440 basis points from Q4 2022 and 530 basis points from Q1 2022 [13] Business Line Data and Key Metrics Changes - The Midwest region experienced significant operating improvement, with 600 basis points of margin expansion over Q4 2022 [14] - Texas and Wisconsin, two traditionally strong states, reported a combined NOI margin exceeding 31% [14] Market Data and Key Metrics Changes - The company’s owned portfolio averaged 84% occupancy in Q1, with expectations for further growth in Q2 and throughout 2023 [13] - The company noted a historical trend of Q1 seasonality softening returning to the industry [8] Company Strategy and Development Direction - The company focuses on three primary efforts: accelerated margin expansion, strengthening the balance sheet, and portfolio expansion through strategic management arrangements and real estate acquisitions [3][7] - The company aims to present itself as a primary transaction partner for owners, operators, and lenders in the senior living market [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving substantial value for shareholders through ongoing margin expansion and operational improvements [15][27] - The company is optimistic about discussions with lending partners to provide short-term liquidity and stabilize the capital structure [26][27] Other Important Information - The total cost of labor declined sequentially for the first time in recent years, with a 50% reduction in contract labor [6] - The company reported a noncash GAAP gain on extinguishment of debt of $36.3 million due to the transition of communities related to a previous asset transfer [21] Q&A Session Summary Question: Future cash flow generation and occupancy recovery - Management indicated that they are not yet ready to provide specific cash flow generation ranges but emphasized the importance of ongoing rate improvements and occupancy recovery [45][49] Question: Debt restructuring specifics - Management stated they cannot provide specific ranges regarding debt restructuring but are aiming for meaningful improvements that support the investment thesis [52][41] Question: Involvement of investors in debt discussions - Management confirmed that representatives from major shareholders are involved in discussions and provide insights, ensuring productive discussions regarding the company's direction [54]

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 ...

Financial Performance - The weighted average occupancy for owned communities in Q4 2022 was 83.9%[1] - In 2022, the company's resident revenue was $208.7 million, a 9.9% increase compared to $189.8 million in 2021[26] - The company's NOI (Net Operating Income) for 62 properties was $41.6 million in 2022, up 8.7% from $38.3 million in 2021[26] - As of December 31, 2022, fixed-rate debt accounted for 74% ($503.3 million) of the total debt structure[12] Operational Initiatives - The company is implementing a new level of care program, simplified to 4 levels, with completion targeted for Q2 2023[5] - A single lease renewal date initiative has begun, targeting 1,500 leases updated by March 1, 2023[4] - The company is implementing a comprehensive resident rate review program and accelerated rent increases in 2023[15] Portfolio and Services - The company has 72 communities, including 62 owned and 10 managed, with a resident capacity of approximately 8,000[21, 29] - The company's communities are primarily focused on private pay residents, representing 90% of the resident base[20] - The company reinvested $10 million into the portfolio at 18 communities for market defensive and revenue-generating projects[45] - Memory Care revenue growth of $4.0 million, a 12.5% increase vs 2021[46]

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 ...

Sonida Senior Living, Inc. (NYSE:SNDA) Q2 2022 Earnings Conference Call August 12, 2022 1:30 PM ET Company Participants Kimberly Lody - President, CEO & Director Brandon Ribar - EVP & COO Kevin Detz - CFO Conference Call Participants Steven Valiquette - Barclays Bank Operator Good day, and welcome to the Sonida Senior Living Second Quarter 2022 Earnings Conference Call. Today's conference is being recorded. All statements today, which are not historical facts, may be deemed to forward-looking statements wi ...

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, 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 Incorporat ...