Overview

• U.S. senior housing operator's Q1 resident revenue rose 36.7%, driven by CHP acquisition

• Net loss widened to $41.2 mln, mainly due to merger-related transaction and restructuring costs

• Company completed $1.8 bln CHP acquisition, expanding portfolio by 69 senior housing communities

Outlook

• Company expects to repay $170 mln Bridge Facility in 2026 via property-level financing

• Sonida says future liquidity will depend on operating performance and access to capital markets

• Company notes risks from elevated labor costs, interest rates, and potential refinancing challenges

Result Drivers

• CHP MERGER - Revenue growth and expense increases were primarily driven by the acquisition of 54 senior housing operating properties from CHP

• OCCUPANCY & RENT GAINS - Higher occupancy and average rent rates at existing communities contributed to revenue growth

• MERGER-RELATED COSTS - Net loss widened mainly due to higher transaction, transition and restructuring costs from the CHP Merger

Company press release: ID:nBw5fJKWCa

Key Details

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