RE:RE:Lots of Shorts Still I agree. I continue to believe this business is not only recession proof, but it's been around for 50 Years and will be around for another 50 Years and onward.
As for interest rates, the Bank of Canada may need to hike rates again next meeting another 1/4 point, but 95% of Sienna's Debt is fixed rates and they already stated at their AGM that they will be renegotiating $150 Million coming due this Year with CMHC at 3.7% for 10 years.
One thing that is evident with this management is they know what they're doing, and are doing everything necessary to keep costs down, keep tenants safe and properly serviced, and reward shareholders accordingly.
This is a great long term hold and passive income generator.