Sienna Senior Living Inc T.SIA

Alternate Symbol(s): LWSCF

Healthcare Long-Term Care Facilities

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

Sienna Senior Living Inc

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Comment by JoeBravo1on Jan 15, 2025 9:23am

36 Views

Post# 36404684

RE:RE:Sienna has Strong Fundamentals

I ask you again, why do you post things you do not know anything about? You're either misinformed, or looking to mislead others.

No one gets unsecured debt instruments unless the lendors are positive they can be repaid.

Sienna just received $150 million in "unsecured" Debentures at a rate of 4.436% on Oct.17/24. You know what 'unsecured' means don't you?

Also, try reading the financials. Their cashflow from operations after paying their expenses including debt, covers the dividend. Total dividend payments per quarter are $0.234 per share;

Financial performance - Q3 2024

Total Adjusted Revenue increased by 12.5% in Q3 2024, to $224.8 million, compared to Q3 2023. In the Retirement segment, the increase was mainly driven by occupancy increases, annual rental rate increases, and care and ancillary revenue. In the LTC segment, the increase was primarily due to increased flow-through funding for direct care, significant government funding increases offsetting cost pressures in recent years, and higher private accommodation revenue.
Total Adjusted NOI increased by 14.8%, to $43.4 million, compared to Q3 2023. Adjusted NOI in the Retirement segment increased by $2.1 million mainly due to occupancy increases, annual rental rate increases, and higher care and ancillary revenue. NOI in the LTC segment increased by $3.5 million largely due to a significant annual government funding increase to support cost increases in recent years, offset by inflationary increases in expenses.
Adjusted Same Property NOI increased by 14.7% to $43.4 million, compared to Q3 2023, including a $20.6 million contribution from the Retirement segment, and a $22.8 million contribution from the LTC segment.
OFFOper share increased by 13.5% in Q3 2024, or $0.037, to $0.312. The increase was primarily attributable to higher Adjusted NOI, lower transaction costs, and lower interest, partially offset by higher income tax.
AFFOper share decreased by 1.1% in Q3 2024 to $0.266. The decrease was primarily related to the temporary dilution due to the Company's recent equity issuance in addition to a decrease in construction funding income and an increase in maintenance capital expenditure.
AFFO payout ratio was 91.3% in Q3 2024, compared to 87.1% in Q3 2023.