Q2 2025 Sonida Senior Living Inc Earnings Call Transcript
Key Points
- Adjusted EBITDA grew 26.1% year-over-year in the second quarter, indicating strong financial performance.
- Record high occupancy for the same-store portfolio at 88.2% by the end of July, positioning the business for strong growth.
- Successful integration of new acquisitions with occupancy reaching above 82% for the first time in the acquired communities.
- Significant investments in technology and sales capabilities are expected to drive future NOI growth.
- The company achieved the highest quarterly RevPAR in its history, indicating strong revenue performance.
- Year-over-year NOI growth was slower due to challenging comparisons with a strong Q2 2024.
- An unusually high uptick in resident deaths limited year-over-year occupancy growth.
- Significant investments in technology created a cost drag when comparing year-over-year results.
- Same-store occupancy decreased 30 basis points sequentially from Q1 2025.
- Labor costs increased, with a $2.2 million rise in labor expenses, potentially outpacing revenue growth.
Thank you for standing by. My name is Eric, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sonida Senior Living second-quarter 2025 earnings call.
(Operator Instructions) I would now like to turn the call over to Jason Finkelstein, Investor Relations. Please go ahead.
Thank you, operator. All statements made today, August 11, 2025, which are not historical facts may be deemed to be forward- looking statements within the meaning of federal security laws. The company expressly disclaims any obligation to update these statements in the future. Actual results or performance may differ materially from forward-looking statements.
Certain factors that can cause actual results to differ are detailed in the earnings release that the company issued earlier today as well as in the reports that the company files with the SEC from time to time, including the risk factors contained in the annual report on Form 10-K and quarterly report on
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