Strong Operational Results
Sienna Senior Living reported strong operational results, with same-property NOI increasing by 13.2% in the Retirement segment and 6.7% in Long-Term Care. Average same-property occupancy reached 94.1% in Q3, with an increase to 94.7% in October.
Successful Developments and Acquisitions
The company completed two development projects in Ontario and acquired several properties in 2025, adding over $800 million of assets through acquisitions and developments. Notable acquisitions include a 133-suite retirement residence and 192-bed long-term care home in the Greater Toronto Area.
Financial Performance
Revenue increased by 16.4% year-over-year to $261.7 million. Operating funds from operations increased by 33.3% to $31.8 million, and adjusted funds from operations grew by 36.1% to $27.7 million.
Recognition for Employee Engagement
Sienna's employee engagement score rose for the fifth consecutive time, and participation in the survey reached an all-time high of 86%. Time Magazine named Sienna one of Canada's Best Companies in 2025.