Sienna Senior Living (TSE:SIA) Announces Earnings Results

Sienna Senior Living (TSE:SIA) issued its quarterly earnings results on Friday. The company reported C$0.09 earnings per share (EPS) for the quarter, FiscalAI reports. Sienna Senior Living had a return on equity of 6.58% and a net margin of 4.83%. The company had revenue of C$284.38 million for the quarter.

Here are the key takeaways from Sienna Senior Living’s conference call:

• Sienna reported 8.7% same-property NOI growth and 12.4% revenue growth year over year; same-property NOI rose 11.6% in retirement and 6.2% in long-term care, or 11.5% in long-term care excluding retroactive items.
• Retirement occupancy reached 94.9% in Q3 and 95.2% in October, while care revenue grew nearly 30% year over year. Management raised its 2026 retirement margin-growth outlook to 150–200 basis points and expects retirement NOI growth to exceed 10%.
• Management raised its 2026 long-term-care same-property NOI growth outlook to the high single digits, citing government funding increases, private accommodation revenue, and redevelopments. The company also expects to launch two redevelopment projects comprising more than 700 beds, with construction anticipated to start in early 2027.
• Sienna said it has completed or contracted seven 2026 acquisitions totaling about CAD 430 million. It ended Q3 with approximately CAD 595 million in liquidity; management estimated pro forma leverage of about 6.5x after upcoming acquisitions and said it could add roughly CAD 500 million of debt-funded acquisitions while remaining within its 7.5x–8x medium-term target range.
• ATM share issuance temporarily weighed on per-share results: management estimated about CAD 0.02 of dilution to Q3 OFFO per share, which was CAD 0.36. The board renewed the ATM program for up to CAD 150 million, leaving potential for further dilution as Sienna funds growth.

Sienna Senior Living Price Performance

Shares of TSE SIA traded up C$0.04 during midday trading on Friday, hitting C$20.20. The stock had a trading volume of 609,780 shares, compared to its average volume of 369,520. The company has a market capitalization of C$2.24 billion, a PE ratio of 38.11 and a beta of 0.93. The stock has a 50 day simple moving average of C$20.05 and a 200-day simple moving average of C$21.77. Sienna Senior Living has a 1 year low of C$19.10 and a 1 year high of C$24.07. The company has a quick ratio of 0.23, a current ratio of 0.56 and a debt-to-equity ratio of 148.98.

Sienna Senior Living Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 13th. Shareholders of record on Friday, November 13th were issued a dividend of $0.0780 per share. The ex-dividend date of this dividend was Friday, October 30th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.6%. Sienna Senior Living’s dividend payout ratio is presently 176.60%.

Insider Activity

In other news, Director Brian Johnston purchased 2,500 shares of the stock in a transaction dated Monday, September 14th. The shares were purchased at an average cost of C$19.96 per share, with a total value of C$49,900.00. Following the completion of the purchase, the director directly owned 29,037 shares of the company’s stock, valued at approximately C$579,578.52. The trade was a 9.42% increase in their position. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SIA has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets boosted their price objective on Sienna Senior Living from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. National Bank Financial increased their target price on Sienna Senior Living from C$27.50 to C$28.50 and gave the company an “outperform” rating in a research report on Thursday, August 6th. TD boosted their price target on shares of Sienna Senior Living from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Raymond James Financial raised shares of Sienna Senior Living from a “moderate buy” rating to a “strong-buy” rating and cut their price target for the stock from C$25.75 to C$24.25 in a report on Friday, October 2nd. Finally, Royal Bank Of Canada upgraded shares of Sienna Senior Living from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$25.00 to C$26.00 in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$26.27.

About Sienna Senior Living

Sienna Senior Living Inc. (TSX:SIA) offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna’s approximately 15,000 employees are passionate about cultivating happiness in daily life.