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Sienna Senior Living (TSE:SIA)
TSX:SIA
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Sienna Senior Living (SIA) AI Stock Analysis

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TSE:SIA

Sienna Senior Living

(TSX:SIA)

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Neutral 63 (OpenAI - 4o)
Rating:63Neutral
Price Target:
C$21.00
▲(0.10% Upside)
The overall stock score of 63 reflects a mixed outlook. The most significant factor is the strong performance and positive sentiment from the earnings call, which highlights growth and strategic success. However, financial performance concerns, particularly regarding profitability and cash flow, weigh on the score. Technical indicators are favorable, but high valuation metrics suggest caution. The dividend yield adds some appeal for income investors.
Positive Factors
Revenue Growth
Sienna's strong revenue growth indicates robust demand for its services and effective pricing strategies, supporting long-term business expansion.
Strategic Acquisitions
Strategic acquisitions like The Hygate enhance Sienna's market presence and asset base, potentially driving future revenue and occupancy growth.
Operational Efficiency
Improved NOI reflects enhanced operational efficiency and cost management, which can lead to sustained profitability and competitive advantage.
Negative Factors
High Leverage
High leverage can constrain financial flexibility and increase risk, potentially impacting Sienna's ability to invest in growth opportunities.
Cash Flow Challenges
Decreasing cash flow may hinder Sienna's ability to fund operations and growth initiatives, posing a risk to long-term financial health.
Labor Market Challenges
Ongoing labor market challenges could impact service quality and operational costs, affecting Sienna's ability to maintain competitive service levels.

Sienna Senior Living (SIA) vs. iShares MSCI Canada ETF (EWC)

Sienna Senior Living Business Overview & Revenue Model

Company DescriptionSienna Senior Living Inc., through its subsidiaries, provides senior living and long-term care (LTC) services in Canada. It operates through Retirement and LTC segments. The company offers a range of seniors' living options, including independent supportive and assisted living, memory care, and long-term care services, as well as specialized services comprising dementia care, continence management, skin and wound care, palliation, and end of life care; and provides management services. As of December 31, 2021, it owned and operated a total of 70 seniors' living residences comprising 27 retirement residences, 35 LTC residences, and eight seniors' living residences. The company was formerly known as Leisureworld Senior Care Corporation and changed its name to Sienna Senior Living Inc. in May 2015. Sienna Senior Living Inc. was founded in 1972 and is headquartered in Markham, Canada.
How the Company Makes MoneySienna Senior Living generates revenue primarily through the provision of senior living and long-term care services. Key revenue streams include monthly rental fees from independent and assisted living residents, as well as government funding and reimbursements for long-term care services. The company partners with provincial health authorities to secure funding for its nursing homes, which contributes significantly to its earnings. Additionally, Sienna may benefit from ancillary services such as rehabilitation, wellness programs, and in-house dining services, which further enhance its revenue potential.

Sienna Senior Living Earnings Call Summary

Earnings Call Date:Nov 13, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 25, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant growth and operational success for Sienna Senior Living, with strong financial performance and successful development and acquisition strategies. While debt levels and labor challenges were noted, the overall tone was optimistic about the company's future prospects.
Q3-2025 Updates
Positive Updates
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.
Negative Updates
Debt Levels
The company's debt-to-EBITDA ratio was at 8.8x, though it is stated to be under 8x on a pro forma basis. This level of leverage could be a concern if not managed carefully.
Challenges in Labor Markets
While improvements were noted, labor challenges remain a concern in certain areas, particularly regarding talent sourcing and retention.
Company Guidance
During the Q3 2025 conference call, Sienna Senior Living Inc. provided a comprehensive overview of their performance and strategic initiatives, highlighting several key metrics. The company reported strong operational results, with same-property NOI increasing by 13.2% in the Retirement segment and by 6.7% in Long-Term Care. Occupancy rates for the Retirement segment rose by 230 basis points year-over-year to 94.1%, with an increase to 94.7% in October, aiming for a 95% target by year-end. Lead generation efforts resulted in a 37% year-over-year increase in Q3 leads. The optimization portfolio saw a 970 basis point increase in occupancy, supporting over 40% NOI growth. Revenue grew 16.4% to $261.7 million, driven by occupancy and rental rate growth, alongside increased care revenue. Operating funds from operations increased by 33.3%, and adjusted funds from operations rose by 36.1%, with an AFFO payout ratio improving to 78.7% from 91.3%. The company also discussed new acquisitions and developments, including strategic purchases in Ontario, contributing over $800 million in assets to their platform in 2025. Sienna emphasized their focus on team member investment, with high employee engagement scores and recognition as one of Canada's Best Companies in 2025, as well as their financial strength with $464 million in liquidity and $1.3 billion in unencumbered assets.

Sienna Senior Living Financial Statement Overview

Summary
Sienna Senior Living shows revenue growth and improved gross profit margins, but faces challenges with profitability and cash flow. High leverage remains a concern, although it has slightly improved. The company needs to focus on enhancing operational efficiency and cash flow generation to strengthen its financial position.
Income Statement
65
Positive
Sienna Senior Living shows a consistent revenue growth trend, with a TTM revenue growth rate of 3.71%. Gross profit margin has improved significantly in the TTM period to 57.67%, indicating better cost management. However, net profit margin has slightly decreased to 3.63% from the previous annual report. EBIT and EBITDA margins have also decreased slightly, suggesting some pressure on operational efficiency.
Balance Sheet
55
Neutral
The company has a high debt-to-equity ratio of 1.95 in the TTM period, which is an improvement from previous years but still indicates significant leverage. Return on equity has decreased to 6.15%, reflecting lower profitability relative to equity. The equity ratio is not explicitly calculated, but the high leverage suggests a lower proportion of equity in the capital structure.
Cash Flow
50
Neutral
Operating cash flow has decreased in the TTM period, and free cash flow remains negative, indicating potential liquidity challenges. The operating cash flow to net income ratio is relatively low at 0.17, and the negative free cash flow to net income ratio suggests that the company is not generating sufficient free cash flow relative to its net income.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue929.68M893.16M785.37M718.59M668.49M664.23M
Gross Profit174.13M189.14M146.31M138.33M134.92M147.99M
EBITDA135.62M150.27M113.00M103.25M103.46M123.88M
Net Income33.78M38.40M7.04M10.67M20.65M-24.49M
Balance Sheet
Total Assets2.16B1.86B1.70B1.68B1.61B1.68B
Cash, Cash Equivalents and Short-Term Investments23.20M127.20M24.40M38.05M29.05M95.68M
Total Debt1.18B1.01B1.01B977.96M950.28M1.03B
Total Liabilities1.55B1.38B1.32B1.25B1.20B1.23B
Stockholders Equity608.10M480.72M373.77M434.69M405.85M447.44M
Cash Flow
Free Cash Flow-59.23M11.89M56.21M49.64M58.68M51.27M
Operating Cash Flow100.66M159.91M117.99M105.28M98.97M70.43M
Investing Cash Flow-286.11M-126.47M-75.83M-135.69M-18.50M-9.96M
Financing Cash Flow185.09M69.35M-55.81M39.41M-147.09M14.43M

Sienna Senior Living Technical Analysis

Technical Analysis Sentiment
Positive
Last Price20.98
Price Trends
50DMA
19.02
Positive
100DMA
18.52
Positive
200DMA
17.53
Positive
Market Momentum
MACD
0.50
Negative
RSI
71.15
Negative
STOCH
87.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SIA, the sentiment is Positive. The current price of 20.98 is above the 20-day moving average (MA) of 19.60, above the 50-day MA of 19.02, and above the 200-day MA of 17.53, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 71.15 is Negative, neither overbought nor oversold. The STOCH value of 87.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SIA.

Sienna Senior Living Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
C$1.74B19.2565.57%2.57%11.59%41.99%
63
Neutral
C$1.75B47.547.07%4.56%11.47%6.45%
52
Neutral
C$229.69M3,650.000.11%0.54%0.19%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SIA
Sienna Senior Living
20.98
4.94
30.80%
TSE:CRRX
CareRx
3.70
1.83
97.86%
TSE:EXE
Extendicare
20.73
10.60
104.64%

Sienna Senior Living Corporate Events

Dividends
Sienna Senior Living Declares November Dividend and Offers Reinvestment Plan
Positive
Nov 14, 2025

Sienna Senior Living Inc. announced a dividend of $0.078 per common share for November 2025, equating to an annualized $0.936 per share. The dividend will be paid on December 15, 2025, to shareholders recorded by November 28, 2025. The company also offers a Dividend Reinvestment Plan (DRIP), allowing shareholders to reinvest dividends into additional shares at a 3% discount, highlighting Sienna’s commitment to providing value to its investors.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Sienna Senior Living Reports Strong Q3 2025 Results and Expands Portfolio
Positive
Nov 13, 2025

Sienna Senior Living Inc. reported strong financial results for the third quarter of 2025, with significant growth in occupancy rates and net operating income across its retirement and long-term care segments. The company completed $652 million in acquisitions and developments, including a recent $67 million purchase agreement for a retirement residence in the Greater Toronto Area, indicating robust expansion efforts and a solid financial position.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Business Operations and StrategyM&A Transactions
Sienna Senior Living Expands with Acquisition in Waterloo
Positive
Nov 6, 2025

Sienna Senior Living Inc. has announced its acquisition of The Hygate on Lexington, a 216-suite retirement residence in Waterloo, Ontario. This strategic purchase, valued at $93.3 million, is expected to enhance Sienna’s presence in the southwestern Ontario market, which is known for its technological and innovative environment. The property, built in 2021, offers various living accommodations and includes a development site with potential for further expansion. The acquisition is anticipated to close within 60 days, pending regulatory approvals, and will be financed through cash and credit facilities.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Sienna Senior Living Opens Oakwood Commons in Brantford
Positive
Oct 21, 2025

Sienna Senior Living has inaugurated its Oakwood Commons Community in Brantford, Ontario, marking the company’s second long-term care redevelopment project in 2025. This 160-bed facility replaces 122 older Class C beds and is part of Sienna’s broader campus of care development initiative, which also includes the recently opened Aspira Brants Landing Retirement Living. The new developments are expected to significantly boost Sienna’s operational results and improve its Adjusted Funds from Operations (AFFO) by an average of 3%, reflecting the company’s commitment to modernizing its property portfolio and enhancing the living environment for its residents.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Business Operations and StrategyDividends
Sienna Senior Living Declares October Dividend and Offers Reinvestment Plan
Positive
Oct 15, 2025

Sienna Senior Living Inc. has announced a dividend of $0.078 per common share for October 2025, translating to an annualized dividend of $0.936 per share. The dividend, payable on November 14, 2025, underscores the company’s commitment to providing shareholder value, with an option for shareholders to reinvest dividends through a Dividend Reinvestment Plan at a 3% discount. This announcement highlights Sienna’s strategic focus on maintaining financial stability and rewarding its investors, potentially strengthening its market position in the senior living industry.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Financial Disclosures
Sienna Senior Living to Release Q3 2025 Financial Results
Neutral
Oct 3, 2025

Sienna Senior Living Inc. has announced that it will release its third quarter 2025 financial results on November 13, 2025, after the market closes. A conference call hosted by the company’s executives will follow on November 14, 2025, to discuss the results with the investment community. This announcement indicates Sienna’s commitment to transparency and engagement with its stakeholders, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Business Operations and StrategyM&A Transactions
Sienna Senior Living Expands with Acquisition of Cawthra Gardens
Positive
Oct 2, 2025

Sienna Senior Living has completed the acquisition of Cawthra Gardens, a 192-bed long-term care home in Mississauga, Ontario, for $32.6 million. This acquisition is part of Sienna’s growth strategy, adding over $430 million in acquisitions in 2025, and is expected to be immediately accretive to the company’s AFFO per share, enhancing its financial strength and ability to serve seniors across all stages of care.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Sienna Senior Living Opens New Care Communities in Ontario
Positive
Sep 8, 2025

Sienna Senior Living has announced the opening of its Northern Heights long-term care community in North Bay and a campus of care in Brantford, Ontario. These projects, completed on time and within budget, mark a significant milestone for Sienna, reflecting its commitment to upgrading its property portfolio and supporting growth. The new developments are expected to enhance Sienna’s operational results and improve its Adjusted Funds from Operations by approximately 3%.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Sienna Senior Living’s Earnings Call Highlights Growth
Sep 1, 2025

Sienna Senior Living’s recent earnings call painted a predominantly positive picture, highlighting strong acquisition activity, significant increases in same property NOI, and robust occupancy growth. While there were some concerns regarding temporary dilution impacting per-share metrics and an increased AFFO payout ratio, the overall sentiment was optimistic, buoyed by the company’s strategic positioning and growth potential.

Private Placements and Financing
Sienna Senior Living Completes $175 Million Debenture Offering
Positive
Aug 21, 2025

Sienna Senior Living has successfully completed a $175 million offering of Series E senior unsecured debentures, with a 4.112% interest rate maturing in 2030. The proceeds will be used to repay existing debt, finance acquisitions, fund developments, and support general corporate purposes, indicating strong investor confidence in Sienna’s growth plans and the senior living sector.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.50 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

M&A TransactionsPrivate Placements and Financing
Sienna Senior Living Expands with Debenture Offering and Strategic Acquisition
Positive
Aug 18, 2025

Sienna Senior Living Inc. has announced the issuance of $175 million in senior unsecured debentures, which will mature in 2030, to fund various corporate initiatives, including debt repayment and acquisitions. Concurrently, Sienna completed a $60.2 million acquisition of Credit River Retirement Residence in the Greater Toronto Area, expected to enhance the company’s financial performance and capitalize on the growing demand for senior living facilities due to Canada’s aging population.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 17, 2025