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Sienna Senior Living Inc T.SIA

Alternate Symbol(s):  LWSCF

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.


TSX:SIA - Post by User

Comment by AmorFatiforlifeon Dec 15, 2022 11:55pm
173 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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