Sonida Senior Living (NYSE:SNDA), an owner and operator of senior housing communities, announced its financial results for the fourth quarter and full year ended December 31, 2025, on Wednesday.
The company achieved significant operational momentum, characterized by a nearly 12% increase in quarterly resident revenue and a substantial turnaround in operational cash flow.
Resident revenue for the fourth quarter rose $9.2 million to $86.5 million, an 11.9% increase over the same period in 2024.
This growth was underpinned by a strengthening same-store portfolio, where weighted average occupancy climbed to 87.9%, up 90 basis points year-over-year.
The company’s ability to drive both volume and pricing was evident in its Revenue Per Available Unit (RevPAR), which increased 5.7% to $3,834 in the final quarter.
For the full year 2025, Sonida reported adjusted EBITDA of $53.8 million, a 24.5% increase compared to the $43.2 million recorded in 2024.
This profitability jump was accompanied by a dramatic improvement in liquidity; cash flows from operations totaled $24.4 million for the year, representing a $26.2 million year-over-year increase that effectively moved the company into positive territory.
The fourth quarter's bottom line was impacted by the company's recent strategic maneuvers.
Sonida reported a net loss of $29.8 million for Q4, compared to a $5.5 million loss in the prior year.
Management attributed the widening loss to non-recurring transaction, transition, and restructuring costs associated with the CHP Merger, alongside impairment charges and the absence of prior-year debt extinguishment gains.
Despite these one-time hits, the underlying community-level performance remained robust.
Same-store Community Net Operating Income (NOI) grew 6.5% to $16.3 million in the fourth quarter, while NOI margins expanded to 27.6%.
Looking toward 2026, Sonida is positioned to leverage its expanded footprint to further optimize margins.
With occupancy nearing the 90% threshold and the initial costs of the CHP integration now largely accounted for, the company expects to see continued stabilization in its net income profile while sustaining its double-digit EBITDA growth trajectory.