Sienna Reports Second Quarter 2025 Financial Results and Publishes 2025 Impact Report

MARKHAM, Ontario, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. ("Sienna" or the "Company") (TSX:SIA) today announced its financial results for the three and six months ended June 30, 2025.

Highlights

Average Same Property Occupancy in retirement segment up 150 basis points ("bps") year-over-year to 92.1% in Q2 2025 and further increased to 93.1% in July 2025

Revenue, Proportionate Basis, excluding One-Time Items, increased by 17.4% to $253.6 million in Q2 2025

Same Property Net Operating Income ("NOI"), excluding One-Time Items, up 8.2% to $45.1 million in Q2 2025

Retirement Segment up 12.3% year-over-year in Q2 2025

Long-Term Care ("LTC") Segment up 4.8% year-over year in Q2 2025

Adjusted Funds from Operations ("AFFO"), excluding One-Time Items, increased by 21.0%, and on a per share decreased 4.0% in Q2 2025

Completed $315 million in acquisitions in Alberta and Ontario during Q2 2025

Entered into $60 million purchase agreement for Credit River Retirement Residence in the Greater Toronto Area

Completed $80 million Northern Heights LTC redevelopment project in North Bay, Ontario

Published 2025 Impact Report highlighting Sienna's broad impact on its stakeholders

Recognized by Time Magazine as one of Canada's Best Companies in 2025

"During the second quarter, we continued to execute on our strategic growth initiatives, both through growth within our existing operations as well as acquisitions and developments," said Nitin Jain, President and Chief Executive Officer. "Sienna's recent recognition by Time Magazine as one of Canada's Best Companies in 2025 reflects not only our track record of sustainable growth, but also the meaningful impact we're making as we continue to invest in the future of Canadian senior living and its stakeholders."

2025 Growth Momentum

Sienna focuses its growth strategy on newer properties predominantly located in large urban markets. The table below lists all acquisitions completed in Q2 2025 or currently under contract:

Property Name / Type

Year Built

Location

Number of Beds/ Suites

 

Purchase Price ($M) (1)

 

 

 

Q2 2025 (closed)

 

 

 

 

 

 

Alberta Portfolio / LTC

2022/2023

Calgary, Edmonton, Medicine Hat, Fort Saskatchewan

540

 

181.6

 

Wildpine / Retirement

2019

Ottawa

165

 

48.0

 

Hazeldean Gardens / Retirement

2018

Ottawa

172

 

85.3

 

Total Closed in Q2 2025

 

 

 

 

314.9

 

Q3 2025 (under contract)

 

 

 

 

 

 

Cawthra Gardens / LTC

2003

Greater Toronto Area

192

 

32.6

 

Credit River / Retirement

2016

Greater Toronto Area

133

 

60.2

 

Total Closed and Under Contract

 

 

 

 

407.7

 

1. Purchase price excludes working capital and other adjustments.

 

Financial and Operating Results

The following table represents the Key Performance Indicators adjusted for One-Time Items for the periods ended June 30:

 

Three months ended June 30,

 

Six months ended June 30,

Thousands of Canadian dollars, except occupancy, share and ratio data

 

 

 

 

 

 

 

2025

 

2024

 

Change

 

2025

 

2024

 

Change

OCCUPANCY

 

 

 

 

 

 

 

Retirement - Average Same Property

92.1

%

90.6

%

1.5

%

 

92.3

%

90.3

%

2.0

%

Retirement - Average total occupancy

90.2

%

87.0

%

3.2

%

 

90.1

%

86.8

%

3.3

%

LTC - Average total occupancy

98.5

%

98.5

%



%

 

98.3

%

98.0

%

0.3

%

FINANCIAL

 

 

 

 

 

 

 

Revenue, Proportionate Basis, excluding One-Time Items

253,605

 

216,081

 

37,524

 

 

495,451

 

431,810

 

63,641

 

Same Property NOI, excluding One-Time Items

  45,065

 

41,660

 

3,405

 

 

  87,611

 

80,857

 

6,754

 

NOI, excluding One-Time Items

  50,626