Sonida Senior Living sets annual meeting for June 10

Sonida Senior Living, Inc., a company specializing in nursing and personal care facilities with a market capitalization of $418 million and annual revenue of $271 million, has announced the scheduling of its 2025 annual stockholders meeting for June 10. The record date for determining stockholders eligible to vote at the meeting is set for the close of business on April 21, 2025.

The Dallas-based company, previously known as Capital Senior Living (NYSE:SKDA) Corp., stated that a proxy statement and other relevant documents concerning the annual meeting will be filed with the Securities and Exchange Commission (SEC). These materials are deemed important for stockholders as they will contain essential information about the meeting and other related matters. According to InvestingPro data, the company faces financial challenges with a significant debt burden and short-term obligations exceeding liquid assets.

Once available, stockholders will be able to access the proxy statement and other filings by the company free of charge on the SEC’s website or through the investor relations section of Sonida Senior Living’s website.

The announcement, made today, is in compliance with SEC regulations and underscores the company’s commitment to keeping its shareholders informed about significant corporate events. The information is based on a press release statement filed with the SEC.

In other recent news, Sonida Senior Living reported its fourth-quarter results, surpassing analyst expectations. The company posted a loss of $0.38 per share, which was better than the anticipated loss of $0.71 per share. Revenue for the quarter reached $91.93 million, marking a significant 30% increase from the previous year’s $59.3 million. Additionally, Sonida’s weighted average occupancy for its owned same-store portfolio rose to 86.6%, compared to 85.9% in the prior year. The same-store resident revenue also increased by 6% year-over-year to $3.6 million. For the full year 2024, Sonida reported a net loss of $2.1 million, showing a notable improvement from the $21.1 million loss in 2023. Adjusted EBITDA saw a 27.4% increase, reaching $43.2 million. The company completed several acquisitions in the fourth quarter, including two communities in Atlanta for $29 million and an unoccupied facility in Cincinnati for $16.3 million. Furthermore, Sonida extended $220 million in Fannie Mae (OTC:FNMA) loans to 2029 and expanded its revolving credit facility to $150 million.

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