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The latest update is out from Sienna Senior Living ( (TSE:SIA) ).
Sienna Senior Living has announced a $125 million equity offering through a bought deal public equity offering led by TD Securities. The proceeds will be used to fund the acquisition of two properties, Wildpine Residence and Cawthra Gardens, and for other corporate purposes. These acquisitions are expected to be immediately accretive to Sienna’s AFFO per share and are being acquired at a significant discount to replacement cost, enhancing the company’s balance sheet flexibility and supporting its strategic growth objectives.
More about Sienna Senior Living
Sienna Senior Living Inc. operates in the senior living industry, focusing on providing retirement residences and long-term care homes. The company engages in strategic growth initiatives with a market focus on acquiring properties that offer independent living, assisted living, and long-term care services.
YTD Price Performance: 2.90%
Average Trading Volume: 198,031
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.32B
For detailed information about SIA stock, go to TipRanks’ Stock Analysis page.
