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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 Dec 15, 2022 11:55pm
157 Views
Post# 35175005

RE:Dividend Announcement

RE:Dividend AnnouncementI don't know if we will see a divy increase, I would definitely welcome one, but I foresee them buying up some assets on the cheap during this economic downturn.  SIA business model has proven to be successful based on the occupancy numbers from their newest ventures and renovations.  As a few have mentioned on here previously, federal or provincial government doesn't want to play in this space, but I think funding will be coming their way to help increase the # of beds.  I suppose time will tell, but give this company 5 years and they will either get scooped up by one of the big US companies, or they will be a major player in the space.
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