Recession Proof & Tariff Proof Investment...Senior Living and LTC Homes are both recession proof and tariff proof.
Sienna has a great management team, and they just picked up 4 LTC facilities at what I estimate to be a 40% discount to replacement cost.
Their services are 100% funded by the Alberta government and it's immediately accretive to OFFO and AFFO upon closing of the acquisition.
Watch for 4Q 2024 to show continued financial strength. Payout was approx. 87% of AFFO for 3Q.