Sonida Senior Living reported higher operating performance in the third quarter of 2026, with occupancy, revenue per occupied room and same-store net operating income all above pro forma year-ago levels. The senior-housing owner and operator nevertheless recorded a net loss attributable to common shareholders of $34.3 million.
The results also come as Sonida continues integrating CHP and expands its portfolio. The company said it acquired one senior living community in September, but the available announcement does not provide the purchase price or other details.
Key details
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Net loss: Sonida reported a $34.3 million net loss attributable to common shareholders, equal to a loss of 72 cents per share.
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Normalized FFO: Normalized funds from operations, a measure commonly used to assess real estate companies’ recurring performance, totaled $23.1 million, or 46 cents per share.
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Adjusted EBITDA: Adjusted EBITDA was $46.8 million, up 26.2% from the pro forma third-quarter 2025 figure.
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Same-store operating income: Net operating income for Sonida’s same-store senior housing operating portfolio was $52.0 million, a 15.6% increase from the prior-year pro forma comparison.
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Occupancy and room revenue: Weighted-average occupancy in that portfolio was 88.6%, an increase of 2 percentage points. Revenue per occupied room was $5,413, up 4.6%. Both comparisons are against pro forma figures for the same period last year.
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Portfolio and integration: Sonida said it acquired one senior living community during September and is continuing the integration of CHP. CEO Brandon Ribar said the company plans to apply its operating approach and leadership across a larger portfolio.
What the figures show
The reported operating measures improved year over year, while the company still posted a substantial net loss attributable to common shareholders. The announcement gives the headline results but does not explain the drivers of that loss or provide the terms of the September acquisition in the material provided.