The dark clouds are finally clearing92% and 46% of all LTC and Retirement residents respectively now vaccinated and they said the following:
"From the beginning of 2021, active COVID-19 cases among our residents at Sienna declined by approximately 96% and currently represent less than 0.2% of our total resident population."
AFFO , exclusive of net pandemic expenses, was $0.28, down from $0.31 in 2019, and dividend represented 83% payout ratio. Dividend unchanged. Management also commented on the future, saying:
"The Company’s financial performance has been significantly impacted by extraordinary expenses incurred to manage the pandemic in excess of government funding received. With the strength in overall fundamentals in the seniors living sector and the high vaccination rates of long-term care team members and residents, coupled with Sienna’s solid balance sheet and liquidity, we are confident we will begin to see significant improvements in the Company’s operational and financial performance as the pandemic subsides."