Sienna Senior Living Inc
TSX:SIA

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Sienna Senior Living Inc Logo
Sienna Senior Living Inc
TSX:SIA
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Price: 20.36 CAD 0.94% Market Closed
Market Cap: 1.9B CAD

Sienna Senior Living Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 14, 2025
AI Summary
Q3 2025

Strong Q3 Results: Sienna delivered robust operational performance in both retirement and long-term care, with significant increases in occupancy and NOI growth.

Occupancy Gains: Retirement segment same-property occupancy reached 94.1% in Q3 and rose to 94.7% in October, on track to hit the 95% target by year-end.

NOI Momentum: Same-property NOI rose 13.2% in Retirement and 6.7% in Long-Term Care, with asset optimization initiatives driving over 40% NOI growth in select properties.

Acquisition Activity: Over $800 million in assets added via acquisitions and developments in 2025, with several high-quality properties acquired in Ontario and strong pipeline ahead.

Financial Strength: Revenue increased 16.4% to $261.7 million, OFFO jumped 33.3%, AFFO up 36.1%, and payout ratio improved to 78.7%. Liquidity remains strong with $464 million on hand.

Guidance Raised: Same-property NOI growth targets increased to 13–14% for Retirement and 4–5% for Long-Term Care for the year.

Labor & Team Retention: Employee engagement and retention have improved significantly, with turnover down 60% and no vacancies across the portfolio.

Development & Funding: Two large Ontario redevelopment projects completed on time and on budget, with rapid lease-up and full government funding from day one.

Key Financials
Revenue
$261.7 million
Same-property NOI
$46.4 million
Average Same-property Retirement Occupancy
94.1%
OFFO (Operating Funds from Operations)
$31.8 million
AFFO (Adjusted Funds from Operations)
$27.7 million
AFFO Payout Ratio
78.7%
Total Liquidity
$464 million
Unencumbered Assets
$1.3 billion
Unsecured Debenture Issuance
$175 million at 4.12% interest
Earnings Call Recording
Other Earnings Calls

Management

Mr. Nitin Jain CPA
CEO, President & Non-Independent Director
No Bio Available
Mr. David Hung
CFO & Executive VP of Investments
No Bio Available
Ms. Olga Giovanniello
Chief Human Resources Officer & Executive VP
No Bio Available
Ms. Jennifer Anderson
Executive Vice President of Long-Term Care Operations
No Bio Available
Mr. Adam Walsh
Company Secretary, General Counsel, Executive VP of Legal
No Bio Available
Ms. Nancy Webb
Executive VP of Corporate Affairs and Marketing
No Bio Available
Dr. Hugh Boyd
Chief Medical Officer
No Bio Available
Ms. Teresa Fritsch
Chief Corporate Officer & Executive VP
No Bio Available
Mr. Geoff McIlmoyle
Executive Vice President of Aspira Retirement Living
No Bio Available
Dr. Allison McGeer FRCPC, M.D.
Chief Infection Prevention & Control Consultant
No Bio Available

Contacts

Address
ONTARIO
Markham
302 Town Centre Blvd., Suite 300
Contacts
+19054774006.0
siennaliving.ca