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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

Post by joebravoon Jun 21, 2023 11:01am
212 Views
Post# 35507166

Regarding Debt, AFFO etc, Listen to 2023 AGM

Regarding Debt, AFFO etc, Listen to 2023 AGM

During the AGM Q&A around the 29m 45s mark, they spoke about the current interest rate hikes and how they are affecting the bottom line. About 95% of Sienna debt is at fixed rates.

Sienna stated that they are in great shape with approx. $130 million coming due this year which will be refinanced with CHMC at a fixed rate of 3.7% for 10 years if I remember correctly.

They said it is slightly higher than previous rates, but it is being well managed.

Here's a link to the 2023 AGM Shareholders meeting for Sienna. Skip to the 13 minute mark for the presentation. Very positive IMO.

Sienna 2023 Annual & General Meeting

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