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Sienna Senior Living Inc T.SIA

Alternate Symbol(s):  LWSCF

Sienna Senior Living Inc. is a Canada-based seniors' living provider. The Company serves the continuum of independent living (IL), independent supportive living (ISL), assisted living (AL), memory care and long-term care (LTC) through the ownership and operation of seniors' living residences in the Provinces of British Columbia, Saskatchewan and Ontario. It offers a full range of seniors’ living options, including independent living and assisted living under its Aspira retirement brand, long-term care, and specialized programs and services. It owns and operates a total of 81 seniors' living residences: 39 retirement residences, including its joint venture interest in 12 residences in Ontario and Saskatchewan; 34 LTC residences; and eight seniors' living residences providing both private-pay IL and AL and funded LTC, including its joint ownership in two residences in British Columbia. It also offers management services to 11 seniors' living residences in British Columbia and Ontario.


TSX:SIA - Post by User

Comment by AmorFatiforlifeon Sep 26, 2022 7:49pm
130 Views
Post# 34988129

RE:RE:RE:RE:RE:RE:Once again, nice time to buy

RE:RE:RE:RE:RE:RE:Once again, nice time to buyIt must be institution specific as I still get my DRIP every month. If you look at the past 3 or 4 qs their debt ratio has been improving fairly significantly as their occupancy numbers have been improving. They have also expanded and are renovating a few of their facilities which will help with future capital. Obviously the debt could be an issue, but I've been here for over 3 years now and they haven't lowered dividends. I am not a CPA and dont have a great grasp of the accounting side of things, but to my understanding they operate like a REIT so that the capital allocated to their dividend is calculated so that it is paid out as a part of their working capital. Perhaps someone with more knowledge could explain that part.
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