Canada's Sienna Senior Living Q4 revenue rises

Overview

• Canada senior living firm's Q4 2025 revenue grew 14% yr/yr

• Adjusted FFO per share for Q4 2025 increased 3.9% yr/yr

• Company issued $250 mln in unsecured debentures in December 2025

Outlook

• Sienna expects retirement Same Property NOI growth to exceed 10% in 2026

• Company anticipates low single-digit % growth in LTC Same Property NOI for 2026

• Sienna plans to start 448-bed LTC redevelopment in Toronto in H2 2026

Result Drivers

• OCCUPANCY GROWTH - Retirement segment occupancy increased by 180 bps to 94.7% in Q4 2025, contributing to revenue growth

• RENTAL RATE INCREASES - Revenue growth in retirement segment driven by market-aligned rental rate adjustments and higher care revenue

• ACQUISITIONS IMPACT - Acquisitions completed in 2025 contributed to increased NOI in both retirement and LTC segments

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the healthcare facilities & services peer group is "buy"

• Wall Street's median 12-month price target for Sienna Senior Living Inc is C$24.00, about 4% above its February 19 closing price of C$23.08

• The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release: ID:nGNX5MpShP

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