
Sonida Senior Living is rated Buy, leveraging strong occupancy and pricing power, supported by secular demographic tailwinds and a robust deal pipeline. SNDA's 2Q26 results showed 130% revenue growth, 30% EBITDA growth, and significant operating leverage from the CNL acquisition despite net income loss from merger costs. Occupancy rose to 87.8% (+240 bps), RevPOR increased 4.9% to $5,372, and the proprietary SPIN platform drove notable NOI and margin improvements post-acquisition.










