Sienna Senior Living Inc
TSX:SIA
Sienna Senior Living Inc
Sienna Senior Living, Inc. engages in owning and managing seniors’ living residences. The company is headquartered in Markham, Ontario. The company went IPO on 2010-03-22. The firm serves independent living (IL), independent supportive living (ISL), assisted living (AL), memory care (MC) and long-term care (LTC) through the ownership and operation of seniors' living residences in the Provinces of British Columbia and Ontario. The firm's segments include Retirement and LTC. The Retirement segment consists of approximately 27 retirement residences (RRs), five of which are located in British Columbia and 22 of which are located in Ontario, and the RR management services business. The LTC segment consists of approximately 35 LTC residences located in Ontario, eight seniors' living residences located in British Columbia and the LTC management services business. The firm offers various services, including meal packages, housekeeping, transportation, laundry and long-term chronic care.
Sienna Senior Living, Inc. engages in owning and managing seniors’ living residences. The company is headquartered in Markham, Ontario. The company went IPO on 2010-03-22. The firm serves independent living (IL), independent supportive living (ISL), assisted living (AL), memory care (MC) and long-term care (LTC) through the ownership and operation of seniors' living residences in the Provinces of British Columbia and Ontario. The firm's segments include Retirement and LTC. The Retirement segment consists of approximately 27 retirement residences (RRs), five of which are located in British Columbia and 22 of which are located in Ontario, and the RR management services business. The LTC segment consists of approximately 35 LTC residences located in Ontario, eight seniors' living residences located in British Columbia and the LTC management services business. The firm offers various services, including meal packages, housekeeping, transportation, laundry and long-term chronic care.
Asset Growth: Sienna expanded its platform by adding over $800 million in assets and nearly 1,800 beds through acquisitions and developments in 2025.
Strong Organic Growth: The company reported its 12th consecutive quarter of organic growth and delivered double-digit same-property NOI growth in the Retirement segment.
Occupancy Records: Same-property retirement occupancy reached 94.7% in Q4 and increased further to 95.2% in January.
Financial Performance: Q4 revenue rose 14.2% year-over-year to $278.4 million. Operating funds from operations and adjusted funds from operations grew 24% and 19.8%, respectively.
Guidance: For 2026, Sienna expects same-property NOI growth above 10% in Retirement and low single digits in Long-Term Care, with continued acquisition activity.
Development Pipeline: Sienna launched its largest project—Glen Rouge in Toronto, targeting 448 beds and a 7.5%–8% development yield, expected to complete in 2030.
Balance Sheet: The company ended the year with over $500 million in liquidity and no major debt maturities until 2027.
