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Sienna Senior Living (TSE:SIA)
:SIA
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.27Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 1.07%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
Sienna Senior Living Inc. demonstrated strong financial and operational performance with continuous NOI growth, record occupancy levels, and successful acquisitions. However, the company faces challenges in optimizing certain assets and managing inflationary expenses. Overall, the positive achievements outweigh the challenges, indicating a strong position for future growth.Company Guidance
In the recent conference call, Sienna Senior Living Inc. provided detailed guidance for the upcoming fiscal year, highlighting key metrics. The company reported its eighth consecutive quarter of NOI growth, with adjusted same property NOI increasing by 29% in the Long-Term Care segment and by 15.3% in the Retirement segment for Q4 2024. Occupancy rates in the Retirement segment improved by 300 basis points year-over-year, reaching 92.9% in Q4 and 93.1% in January, setting a path towards a 95% stabilization target within the next 12 months. Financially, total adjusted revenues rose by 12.5% year-over-year to $246.3 million, and operating funds from operations grew by 33.1% to $29.4 million. Adjusted funds from operations increased by 41.3% to $25.1 million, with an AFFO payout ratio of 77.1%. Sienna also outlined a significant acquisition and development strategy, with nearly $300 million in acquisitions under contract and development projects costing over $300 million, expected to boost AFFO per share by about 3% once operational. The company aims for low single-digit percentage growth in Long-Term Care NOI and approximately 10% growth in the Retirement segment for 2025.Eighth Consecutive Quarter of NOI Growth
Sienna Senior Living Inc. achieved its eighth consecutive quarter of NOI growth, with adjusted same property NOI increasing by 29% in the Long-Term Care segment and by 15.3% in the Retirement segment.
Record Occupancy Levels
The Retirement segment's same property occupancy increased by 300 basis points year-over-year to 92.9% in Q4, reaching 93.1% in January, with a target to achieve 95% stabilized occupancy in the next 12 months.
Successful Acquisitions and Expansions
Sienna announced two new acquisitions in Ottawa and Mississauga, totaling approximately $80.6 million at capitalization rates of 6.25% and 6.75%. The acquisitions are expected to be immediately accretive to AFFO per share.
Strong Financial Performance
Q4 2024 total adjusted revenues increased by 12.5% year-over-year to $246.3 million, with adjusted funds from operations increasing by 41.3%. The AFFO payout ratio improved to 77.1%.
Improved Liquidity and Debt Management
Sienna ended Q4 2024 with liquidity of $435 million and improved its debt to adjusted EBITDA to 6.4 times. The interest coverage ratio improved to 3.9 times.
Significant Development Pipeline
Sienna is on track to complete several development projects with a combined cost exceeding $300 million, expected to grow AFFO per share by about 3% once operational.
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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 |
|---|---|---|---|
| Feb 19, 2025 | C$15.91 | C$16.29 | +2.39% |
| Nov 11, 2024 | C$16.75 | C$16.19 | -3.34% |
| Aug 08, 2024 | C$15.26 | C$15.25 | -0.07% |
| May 09, 2024 | C$13.45 | C$14.41 | +7.14% |
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 May 08, 2025, TBA Not Confirmed.
What is Sienna Senior Living (TSE:SIA) earnings time?
Sienna Senior Living (TSE:SIA) earnings time is at May 08, 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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