Capital Senior Living(SNDA)
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Capital Senior Living(SNDA) - 2022 Q4 - Earnings Call Presentation
2023-03-30 20:31
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]
Capital Senior Living(SNDA) - 2022 Q4 - Earnings Call Transcript
2023-03-30 20:31
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 ...
Capital Senior Living(SNDA) - 2022 Q3 - Earnings Call Transcript
2022-11-15 01:18
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 ...
Capital Senior Living(SNDA) - 2022 Q3 - Quarterly Report
2022-11-14 22:06
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 ...
Capital Senior Living(SNDA) - 2022 Q2 - Earnings Call Transcript
2022-08-12 23:07
Financial Data and Key Metrics Changes - The company reported a sequential occupancy of 83.2%, an increase of 510 basis points year-over-year and 90 basis points from the previous quarter [7] - Same-store REVPAR increased by 11.3% and REVPOR by 4.4%, with sequential improvements of 200 basis points and 80 basis points respectively [8] - EBITDAR grew by 13.7% sequentially from the first quarter, indicating strong operational improvements [11][32] - The company achieved a 41% reduction in contract labor expenses compared to the first quarter [12] Business Line Data and Key Metrics Changes - The company has experienced five consecutive quarters of occupancy and revenue growth, with a focus on managing community operating expenses [5][6] - The community workforce has expanded by approximately 6% since the beginning of the year, contributing to improved service delivery [13] Market Data and Key Metrics Changes - Leading indicators for demand are trending positively, with leads up 18%, store visits up 32%, and move-ins up 33% compared to the same period in 2019 [15] - Nearly two-thirds of the owned portfolio is operating above 85% occupancy, providing opportunities for further rate increases [24] Company Strategy and Development Direction - The company aims to achieve pre-pandemic occupancy levels by the end of 2022 while continuing to expand NOI margins [14] - A focus on reducing reliance on contract labor and enhancing the quality of care through a stable workforce is a key strategic priority [25][44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about pricing power in senior living for 2023, citing strong demand and limited new supply [49] - The company is committed to continuing its success in occupancy growth while responsibly elevating rates in a challenging inflationary environment [43] Other Important Information - The company raised nearly $155 million in new capital to invest in its business and has made significant improvements to its balance sheet [18] - The company appointed a new Chief Accounting Officer and strengthened its finance leadership team to enhance operational efficiency [36] Q&A Session Summary Question: What are the expected savings from eliminating contract labor? - Management indicated that the current run rate for contract labor is around $1.5 million for Q2, translating to approximately $6 million on an annualized basis, with expectations for significant savings as the workforce stabilizes [47] Question: What is the pricing strategy for 2023? - Management is optimistic about maintaining similar rate growth in 2023 as seen in 2022, driven by strong demand and occupancy levels [49][50] Question: Has labor shortages affected occupancy gains? - Management confirmed that they have not experienced any lost occupancy due to labor shortages, attributing this to effective management of premium labor and strong hiring trends [56]
Capital Senior Living(SNDA) - 2022 Q2 - Quarterly Report
2022-08-12 21:01
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 ...
Capital Senior Living(SNDA) - 2022 Q1 - Earnings Call Transcript
2022-05-23 23:42
Sonida Senior Living, Inc. (NYSE:SNDA) Q1 2022 Earnings Conference Call May 23, 2022 1:00 PM ET Company Participants Kimberly Lody - President & Chief Executive Officer Kevin Detz - Chief Financial Officer Brandon Ribar - Chief Operating Officer Conference Call Participants Steven Valiquette - Barclays Operator Good day and welcome to Sonida Senior Living First Quarter 2022 Conference Call. Today's conference is being recorded. All statements today, which are not historical facts may be deemed to be forward ...
Capital Senior Living(SNDA) - 2022 Q1 - Quarterly Report
2022-05-23 20:06
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, 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 Incorpora ...
Capital Senior Living(SNDA) - 2021 Q4 - Earnings Call Transcript
2022-04-18 19:21
Sonida Senior Living, Inc. (NYSE:SNDA) Q4 2021 Results Conference Call April 18, 2022 1:30 PM ET Company Participants Kimberly Lody - President and Chief Executive Officer Brandon Ribar - Chief Operating Officer Conference Call Participants Steven Valiquette - Barclays Operator Good day, and welcome to the Sonida Senior Living Fourth Quarter and Full Year 2021 Earnings Release Conference Call. Today's conference is being recorded. All statements today, which are not historical facts may be deemed to be forw ...
Capital Senior Living(SNDA) - 2021 Q4 - Annual Report
2022-04-15 20:56
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________________________ Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 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 ...