Sonida Senior Living Reports Third-Quarter Revenue of $210.2M, EPS Loss of $0.72
Revenue rose year over year, while the net loss widened. Revenue benefited from communities added through the CHP merger, higher average rent rates and increased occupancy; higher operating costs, depreciation and amortization, and a debt-extinguishment loss weighed on results.
Sonida Senior Living’s third-quarter revenue rose year over year, while its net loss widened. Revenue benefited from communities added through the CHP merger, higher average rent rates and increased occupancy; higher operating costs, depreciation and amortization, and a debt-extinguishment loss wei…