Sienna Senior Living Reports 2017 Fourth Quarter Financial Results

Sienna Senior Living (TSX:SIA) today announced its financial results for the year ended December 31, 2017.

As quoted in the press release:

• Revenue of $146.3 million in Q4 2017, up 6.0% from Q4 2016.
• Overall Same Property Net Operating Income of $28.8 million in Q4 2017, up 3.8% from Q4 2016, with Retirement Same Property NOI of $7.7 million in Q4 2017, up 8.0% from Q4 2016.
• Net Income from Continuing Operations of $4.2 million in Q4 2017, up 3.8% from Q4 2016.
• Diluted OFFO per share of $0.343 in Q4 2017, up 7.9% from Q4 2016.
• Strong Balance Sheet: Debt to Gross Book Value at 49.6% vs 51.5% year-over-year, a decline of 190 bps. Debt to Gross Book Value would be 46.9% as at year end if all outstanding Convertible Debentures were converted to equity.

Click here to read the full press release.