Sonida Senior Living (SNDA) investor relations material

Executive summary

• Q2 2026 marked strong operational and financial momentum, with the company in a compounding growth phase following the CHP acquisition and ongoing integration of new assets, expanding the portfolio to 164 communities across 35 states.

• $3.5B enterprise value with 152 owned properties and ~14,800 owned units, making it the 8th largest U.S. senior housing owner.

• Proprietary SPIN analytics platform and leadership investments, including a new COO, are driving operational improvements, margin expansion, and data-driven decision-making.

• The CHP Merger was valued at approximately $1.8 billion, with 66% paid in newly issued stock and 34% in cash, significantly increasing revenue and expenses.

• Focus remains on sustained NOI growth, disciplined pipeline development, and leveraging a flexible balance sheet.

Financial highlights

• Q2 2026 resident revenue rose 129.7% year-over-year to $188.0 million, driven by the CHP Merger; same-store community NOI grew 16.9% year-over-year, with NOI margin expanding 250 basis points to 32.6%.

• Normalized FFO per share was $0.48, and adjusted EBITDA reached $50 million for Q2 2026, up 30% year-over-year.

• Net loss for Q2 2026 was $24.7 million, or $(0.52) per share, compared to $2.0 million in Q2 2025, due to higher expenses and transaction costs.

• Weighted average same-store occupancy rose 240 basis points year-over-year to 87.8%, with RevPOR up 4.9% to $5,372.

• Labor costs declined 130 basis points as a percentage of revenue, reaching a portfolio low of 40.4%.

Outlook and guidance

• Full-year 2027 guidance is expected once portfolio integration is complete; 2026 results are materially impacted by the CHP Merger.

• Management targets stabilized occupancy in the low to mid-90% range, supported by operational initiatives and the SPIN platform.

• Margin expansion is anticipated through scale benefits, contract optimization, and continued adoption of SPIN analytics.

• Liquidity expected to be supported by operations, credit facility, debt financings, and equity offerings.

• Management expects continued focus on operational efficiencies, occupancy growth, and leveraging expanded scale.