Canada · Delayed Price · Currency is CAD Sienna Senior Living Earnings Call Transcripts
Fiscal Year 2025
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Added CAD 800M in assets and achieved double-digit NOI growth in retirement and strong gains in long-term care. 2026 guidance calls for >10% NOI growth in retirement, continued acquisitions, and disciplined capital use, supported by high occupancy and robust liquidity.
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Q3 2025 saw double-digit growth in revenue, NOI, and AFFO, driven by strong occupancy, rental rate increases, and care revenue. Major acquisitions and developments expanded the asset base, while updated guidance points to continued robust NOI and occupancy growth into 2026.
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Q2 2025 saw strong revenue and NOI growth, driven by acquisitions, rising occupancy, and rental rates. Guidance for 2025 remains robust, with further asset additions and high occupancy targets supported by favorable market dynamics and enhanced government funding.
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Q1 2025 saw double-digit revenue and NOI growth, driven by higher occupancy and rental rates, with robust acquisition and development activity expanding the platform. Guidance for retirement NOI was raised above 10%, and liquidity remains strong, positioning the business for continued growth.
Fiscal Year 2024
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Eighth consecutive quarter of NOI growth, with Q4 revenues up 12.5% year-over-year and strong gains in both long-term care and retirement segments. Occupancy and margins improved, major acquisitions completed, and a robust development pipeline supports continued growth into 2025.
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Q3 2024 saw double-digit revenue and NOI growth, record-high retirement occupancy, and strong liquidity from oversubscribed equity and debt raises. Major acquisitions and developments are underway, with robust demographic trends and continued focus on operational excellence.
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Q2 2024 saw double-digit revenue and NOI growth, driven by strong occupancy, rate increases, and government funding. Balance sheet metrics improved, with lower leverage and higher liquidity, while guidance was raised for both long-term care and retirement segments.