The senior living operator reported 16.9% same-store NOI growth and 250 bps margin expansion in Q2 2026.
Sonida Senior Living reported a 240 basis point year-over-year increase in same-store weighted average occupancy to 87.8% for Q2 2026. The company highlighted acquisitions targeting a mid-teens internal rate of return as part of its growth strategy.
Same-store community net operating income grew 16.9%, with NOI margin expanding 250 basis points year-over-year. The occupancy improvement reflects ongoing demand recovery in the senior living sector.
Management outlined plans to deploy $88M in acquisitions, aiming to sustain mid-teens IRR performance amid stable occupancy trends.