by Steve Monroe | Nov 29, 2022 4:31 pm | Developments |
Last month, we raised issues about Sonida Senior Living and its ability to survive through next year without additional capital. Its market cap is low ($86 million), its share price is falling as are its cash balances. G&A expenses have been way too high, but they... Read More »
by Steve Monroe | Nov 18, 2022 9:35 am | Opinion |
How do you reduce the value of your company by 40% in 24 hours? Tell investors you are going to raise more capital after you told them in your third quarter earnings call that your liquidity was okay and you had no debt maturities until September 2024. That is what... Read More »
by Steve Monroe | Nov 16, 2022 9:14 am | 60 Seconds |
In the November issue of The SeniorCare Investor, we raised the question of how long Sonida Senior Living could go with its cash burn rate. Well, the burn rate has decreased, which is good, but they are still not out of the woods. In a case of one step forward, two... Read More »
by Steve Monroe | Nov 9, 2022 10:21 am | Acquisitions |
On the surface, it looks like Brookdale Senior Living posted decent results for the third quarter. Weighted average occupancy for the quarter increased by 180 basis points sequentially to 76.4%, and by 390 basis points from the year-ago quarter. RevPar increased by... Read More »
by Steve Monroe | Nov 9, 2022 10:18 am | Acquisitions |
Three months ago, we reported that Welltower’s CEO, Shankh Mitra, seemed a little depressed on his second quarter earnings call. He was not happy with his portfolio’s performance. He is a little happier today with the third quarter performance, and so are investors,... Read More »
