Ronald Camden's questions to Sonida Senior Living Inc (SNDA) leadership • Q4 2024
Question
Ronald Camden of B. Riley Securities inquired about current pricing power compared to the previous year and sought more detail on labor cost trends, including any potential impacts from immigration.
Answer
President and CEO Brandon Ribar stated that Sonida anticipates strong pricing power in 2025, consistent with 2024's gains, driven by high occupancy in the same-store portfolio. For recent acquisitions, the focus is on accelerating top-line recovery. On the labor front, Ribar confirmed diligent expense management and reported no material impact from immigration changes, expecting costs to remain stable and support margin expansion towards the company's $100 million NOI target.