Sienna Senior Living Expands Portfolio with Recent Acquisition

Sienna Senior Living Expands Its Acquisitions

Sienna Senior Living Inc. (TSX: SIA) has made a strategic move by acquiring Cawthra Gardens, a 192-bed Class A long-term care home situated in Mississauga. This acquisition was finalized recently for a total price of $32.6 million and reflects Sienna's commitment to enhancing its service offerings in the senior living sector.

Financial Details of the Acquisition

The acquisition was executed at a capitalization rate of 6.75%, which places it in a strong position for future profitability. Sienna anticipates that the acquisition will boost its adjusted funds from operations (AFFO) per share immediately. The purchase was funded through the company's corporate resources, showcasing its solid financial management and strategies for growth.

Growth Strategy and Future Aspirations

Nitin Jain, President and Chief Executive Officer of Sienna, expressed the company's enthusiasm about this latest acquisition, noting that it brings their total acquisitions to over $430 million for the year. This includes a broad range of properties, covering everything from independent living to comprehensive long-term care. Such diversification supports long-term sustainability and offers varied care options to seniors, reinforcing Sienna’s growth vision.

Diverse Offerings for Seniors

At its core, Sienna aims to provide an extensive range of living options for seniors, including independent living, assisted living, memory care, and specialized services through its Aspira retirement brand. With a workforce of around 14,500 passionate employees, Sienna is dedicated to enhancing the daily lives of seniors, ensuring their happiness and well-being.

Commitment to Quality Care

Sienna takes pride in its approach, where each acquisition aligns with its commitment to quality care. The addition of Cawthra Gardens is a testament to this dedication, as it further enables Sienna to offer tailored services that meet the unique needs of varied populations. The company's strategic growth reflects its responsiveness to community demands and the evolving landscape of senior care.

Role of AFFO in Financial Analysis

It’s important to note that terms like AFFO per share are crucial for evaluating Sienna’s financial health. Although not prescribed under the International Financial Reporting Standards (IFRS), AFFO provides valuable insights into the company's cash generation capacity. By effectively understanding these metrics, stakeholders can have a clearer picture of Sienna’s performance and potential.

Contact Information for Inquiries

For those seeking more information regarding this acquisition or Sienna's operations, contact details for key representatives are provided:

David Hung, Chief Financial Officer and Executive Vice President of Investments, can be reached at (905) 489-0258 or via email at david.hung@siennaliving.ca.

Nancy Webb, Executive Vice President of Corporate Affairs and Marketing, is available at (905) 477-4006 ext. 3030 or via email at nancy.webb@siennaliving.ca.

Frequently Asked Questions

What is Sienna Senior Living's latest acquisition?

Sienna Senior Living recently acquired Cawthra Gardens, a 192-bed long-term care home in Mississauga, for $32.6 million.

How much has Sienna invested in acquisitions this year?

In 2025, Sienna has invested over $430 million in various acquisitions across the senior living spectrum.

What services does Sienna provide?

Sienna offers a full range of services including independent living, assisted living, memory care, long-term care, and specialized programs.

How many employees does Sienna have?

Sienna employs approximately 14,500 individuals dedicated to enhancing the quality of life for seniors.

What is AFFO and why is it significant?

AFFO stands for adjusted funds from operations and is a crucial metric for evaluating Sienna's ability to generate cash and manage dividends effectively.

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