Business
Sienna Reports Third Quarter 2025 Financial Results and Continues Growth in Greater Toronto Area
MARKHAM, Ontario, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“ Sienna ...
About this update from Sienna Senior Living Inc.
[{"type":"text","content":"Sienna Reports Third Quarter 2025 Financial Results and Continues Growth in Greater Toronto Area\n\n\n\n MARKHAM, Ontario, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“\n \n Sienna\n \n ” or the “\n \n Company\n \n ”) (TSX: SIA) today announced its financial results for the three and nine months ended September 30, 2025.\n \n\n\n\n Highlights\n \n\n\n\n\n\n Average Same Property Occupancy\n \n in retirement segment up 230 basis points (“bps”) year over year, and 200 bps quarter over quarter, to 94.1% in Q3 2025, further increasing to 94.7% in October 2025\n \n\n\n Same Property Net Operating Income (“NOI”),\n \n excluding One-Time Items, up 9.7% year-over-year to $46.4 million in Q3 2025\n \n\n\n\n Retirement Segment\n \n up 13.2% year-over-year in Q3 2025\n \n\n\n Long-Term Care (“LTC”) Segment\n \n up 6.7% year-over year in Q3 2025\n \n\n\n\n\n Adjusted Funds from Operations (“AFFO”),\n \n excluding One-Time Items, increased by 36.1% year-over-year, or by 12.0% on a per share basis, in Q3 2025\n \n\n\n AFFO Payout Ratio,\n \n excluding One-Time Items, lowered to 78.7% in Q3 2025 from 91.3% in Q3 2024\n \n\n\n $652 million in acquisitions and developments completed\n \n to date in 2025\n \n\n\n $67 million purchase agreement signed\n \n for retirement residence in Greater Toronto Area, bringing total acquisitions under contract to $161 million and increasing year-to-date portfolio expansion to over $800 million\n \n\n\n $175 million in unsecured debentures issued\n \n in August 2025, bearing an interest rate of 4.112% per annum\n \n\n\n “We are seeing significant growth momentum across every part of our business, from  occupancy  gains in our retirement portfolio, to the completion of two development projects in Ontario and the continued portfolio expansion through acquisitions. With a strong operating performance and a solid balance sheet providing access to attractive financing, we are on track to make 2025 a year that marks the next stage of Sienna’s growth journey,” said Nitin Jain, President and Chief Executive Officer.\n \n\n\n\n 2025 Growth Momentum\n \n\n\n\n The table below highlights Sienna’s portfolio expansion through acquisitions and developments to date in 2025:\n \n\n\n\n\n 20...