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Sienna Senior Living Reports 2017 Fourth Quarter Financial Results
Feb. 16, 2018 08:46AM PST
Longevity InvestingSienna 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 …
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.