AcquisitionsSIA announced an agreement to acquire a retirement home in Stittsville, ON, expecting a year-one yield of 6.8% post immediate synergies, demonstrating strategic growth through acquisitions.
Demographic TailwindsThe company continues to make inroads scaling both its LTC and retirement platforms amid what is seen as an attractive outlook supported by demographic tailwinds in Canada.
Retirement Segment GrowthSienna expects significant growth in its retirement segment, with improvements in rent rates and occupancy expected to boost margins.