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Sienna Senior Living (TSE:SIA)
:SIA
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
<0.01Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -10.64%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a predominantly positive sentiment with strong growth in NOI, successful capital raising, and strategic expansion into new markets. However, there are challenges such as staffing issues and inflationary pressures on expenses that need to be addressed. The positive aspects significantly outweigh the lowlights.Company Guidance
During the third-quarter earnings call for Sienna Senior Living Inc., significant guidance was provided, highlighting robust financial performance and strategic growth initiatives. The company's total adjusted same property NOI increased by 14.7% year-over-year, with the long-term care segment seeing an 18.3% rise and the retirement segment an 11% increase. Same property occupancy in the retirement segment rose by 250 basis points to 89.6%, surpassing 90% for the first time in over five years. Sienna also raised $144 million in equity and $150 million in unsecured debentures, both significantly oversubscribed, indicating strong investor interest. The company announced its expansion into Alberta with a $182 million acquisition of four continuing care homes, boasting an occupancy rate of approximately 96%. Additionally, Sienna is developing three Ontario projects with combined costs exceeding $300 million, expected to significantly contribute to future operating results and lower the AFFO payout ratio. Looking ahead, Sienna anticipates continued growth in long-term care NOI in the low double-digit percentage range and expects retirement operations to benefit from further occupancy and rental rate increases.Consistent Operating Growth
Sienna's operating results have strengthened for the seventh consecutive quarter, with year-over-year growth in operating results across both business lines.
Significant Increase in NOI
Total adjusted same property NOI increased by 14.7% year-over-year, with an 18.3% increase in long-term care and an 11% increase in the Retirement segment.
Improvement in Occupancy Rates
Same property occupancy in the retirement segment increased by 250 basis points year-over-year to 89.6%, surpassing 90% for the first time in over five years.
Successful Capital Raising
Raised $144 million equity in August and issued $150 million unsecured debentures in October, both significantly oversubscribed.
Expansion into Alberta
Announced a $182 million acquisition of four continuing care homes in Alberta, expected to close in early 2025, with a current occupancy rate of approximately 96%.
Strong Financial Performance
Total adjusted revenues increased by 12.5% year-over-year to $224.8 million, with operating funds from operations increasing by 19%.
Promising Demographic Trends
Strong future demand in Canadian senior living projected due to increasing population of older adults, with strategic focus on growth.
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TSE:SIA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:SIA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | C$16.92 | C$16.35 | -3.37% |
| Aug 08, 2024 | C$15.41 | C$15.40 | -0.06% |
| May 09, 2024 | C$13.59 | C$14.55 | +7.06% |
| Feb 20, 2024 | C$11.51 | C$11.90 | +3.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sienna Senior Living (TSE:SIA) report earnings?
Sienna Senior Living (TSE:SIA) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Sienna Senior Living (TSE:SIA) earnings time?
Sienna Senior Living (TSE:SIA) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SIA EPS forecast?
Currently, no data Available
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