Post by
logicandinertia on Jan 25, 2021 12:57pm
Positive Business Update
nothing particularly surprising in this update.
75% of LTC residents now vaccinated and close to a third of Retirement residences also done. These figures should both be 100% in the next few weeks.
Occupancy down a smidge in Retirement since last update, but this is all due to govt restrictions/stay at home.
The important takeaways:
Rent collection still close to 100%
Waitlists still high across the industry
Vaccine rollout ramping as scheduled
Provincial govt help persists and helping to offset additional COVID costs
At some point, the investment community sees the other side of this covid valley and begins discounting the secular growth story for this industry in Canada...
Good luck..
Comment by
gashole on Jan 25, 2021 2:06pm
Occupancy of 81% which is about the same as last quarter, also they have received funding, and Vaccinations. As of January 22, ~75% of Sienna's LTC residents and ~52% of its staff have been vaccinated. They are targeting Feb 15 for all Ltc vaccinations. Going into late Feb, early March there should be a dramatic decrease in cases at Sienna..
Comment by
Sapho on Jan 25, 2021 3:10pm
Great update by SIA. I added to my positon early this morning. Thanks again for the tip. It is long term hold for me.