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The experts have mixed opinions on Sienna Senior Living Inc. Some feel that the company is managed well and has strong demand from the aging population, while others have concerns about operating costs, debt load, and lack of potential for growth. However, they all agree that the pandemic has posed challenges, especially in terms of labor, and that the company's financial results have been relatively stable.
Squarely within definition of growth for next 5 years. 42 LTC (97% occupied), 40 retirement homes (85% occupied, with goal of 95%). If goal is met, high single-digit internal growth over next several years. Yields around 6.7%.
He recommended this when shares were beaten up during Covid. The government wasn't going to let SIA fail. But he sold all shares around $14, because operating costs (labour) will forever will be higher. It's a tougher business now, though SIA is managed well and demand is huge from the aging population.
Private pay plus long-term care. LTC accounts for over half its business, government regulated, less potential for growth. Pandemic costs are waning. Likes the sector demographics. She owns CSH.UN instead.
Adjusted revenue increased by 5.6%, and the company focused on operating efficiencies which led to NOI growth and a double-digit increase in Operating Funds from Operations. Its occupancy grew by 2.5% in Long-Term-Care, and during the quarter it paid down credit facilities, increased its liquidity, and extended its weighted average term to maturity of debt. Higher interest rates may increase its interest expenses in the coming years, but management still expects 1.0% to 1.5% growth in its 2023 operating margins in its retirement segment. These results were OK, but the company does trade at a high valuation and has a high debt load with a net debt/EBITDA ratio of 8.9X. We feel this will take some time to see positive momentum.
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It should get back to pre-pandemic levels but there are better growth opportunities elsewhere. Their investment in this space is in Chartwell which is all private pay and is no longer in the long term care business.
Pandemic challenges continue, especially for labour. Good, long-term business. Costs have increased. Demand is still there. Starting to come back. Debt. Won't see dividend increases soon. If it goes up, take some money off the table. Better places to put your money.
Likes senior living space.
Has been investing in private REIT space for seniors.
Trend that will last for decades.
Current share price presenting value.
Would recommend buying.
The quarter for SIA looked fine. Net operating income was up 9.9% with retirement up 11% and LTC up 9.1%. Occupancy was up to 88% in the retirement business with LTC at 97% occupancy. They were also able to increase rates by 5% and the outlook sounds largely optimistic.
Its not our favourite sector in general but things are moving in the right direction and think a case can be made if looking for something with an outsized yield.
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Previously, a very stable business with a nice distribution yield. The pandemic threw all this out the window. Difficulties on occupancy and labour costs. Very solid management. Pursuing attractive growth opportunities. Retirement portfolio has done surprisingly well throughout the pandemic. Challenge on LTC side will hopefully pass. Difficult stock, but you'll be rewarded long term.
Sienna Senior Living Inc is a Canadian stock, trading under the symbol SIA-T on the Toronto Stock Exchange (SIA-CT). It is usually referred to as TSX:SIA or SIA-T
In the last year, 5 stock analysts published opinions about SIA-T. 1 analyst recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Sienna Senior Living Inc.
Sienna Senior Living Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Sienna Senior Living Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Sienna Senior Living Inc In the last year. It is a trending stock that is worth watching.
On 2024-10-04, Sienna Senior Living Inc (SIA-T) stock closed at a price of $16.41.
Good place to be. Lots of tailwinds in the sector, especially after Covid.