Sienna Reports Fourth Quarter 2025 Financial Results and Continues Platform Growth

Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.MARKHAM, Ontario, Feb. 19, 2026 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced its financial results for the three and twelve months ended December 31, 2025.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Highlights“Throughout 2025, we created significant value through a combination of organic growth, strategic acquisitions and new developments, strengthening both the scale and quality of Sienna’s platform,” said Nitin Jain, President and Chief Executive Officer. “In 2026, we expect to continue our growth momentum as we leverage the compelling supply/demand fundamentals in Canadian senior living, and further strengthen our position in the sector.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.2025 Growth through Acquisitions & DevelopmentsThe table below highlights Sienna’s portfolio expansion through acquisitions and developments in 2025:Continuing Acquisition Momentum with $79 Million of Acquisitions Closed or Under Contract in 2026 To date in 2026, Sienna has completed the acquisitions of additional interests in two majority-owned properties and has entered into a purchase agreement to acquire a retirement residence:Advancing 448-bed Long-Term Care Redevelopment Development in Toronto, OntarioSienna anticipates starting construction of a 448-bed redevelopment project at the site of Sienna’s Glen Rouge Community in Toronto, Ontario, during the second half of 2026. The estimated $250 million redevelopment is expected to replace 363 beds, add 85 new beds, and generate an approximate Development Yield of 7.5% – 8.0%. This project is expected to be completed in 2030.Full Deployment of $125 Million ATM Program – Followed by $150 Million Renewal In Q4 2025, approximately 5.0 million shares were issued under the ATM Program for gross proceeds of approximately $101.1 million at an average share price of $20.15, and resulting in the full deployment of the Company’s $125 million ATM Program, which was established on May 6, 2025.On February 19, 2026, Sienna’s Board of Directors approved the renewal of the ATM Program, allowing the Company to issue up to $150 million of shares at its discretion during the term of the ATM Program and providing additional financing flexibility to fund growth initiatives, including a robust acquisition pipeline, long-term care projects at various stages of development, and general corporate purposes.Financial and Operating ResultsThe following table represents the Key Performance Indicators adjusted for One-Time Items for the periods ended December 31:Note: Refer to Sienna’s Management Discussion and Analysis (“MD&A”) for the three months and year ended December 31, 2025, published on February 19, 2026, for further details. This MD&A can be found on Company’s website at www.siennaliving.ca.Financial Performance – Q4 2025Financial Performance – Year ended December 31, 2025OutlookLong-term fundamentals in Canadian senior living are underpinned by growing demand, with seniors making up the fastest-growing demographic in Canada, and limited new supply of senior living accommodations.Looking ahead, Sienna will continue to leverage these sector dynamics as the Company grows through portfolio optimization, achieves retirement occupancy improvements, and drives continued retirement NOI and margin growth.In addition, the increasing scale of our operations, combined with our ability to identify and execute on strategic transactions, is positioning us well to sustain our growth momentum. In 2025, we grew our platform by approximately $803 million through acquisitions and developments, and we expect to continue our growth momentum going forward.Retirement Operations – Our focus on generating strong interest in our residences, as well as continued improvements to our operations and favourable supply/demand fundamentals, supported the year-over-year occupancy and margin improvement. Occupancy continued to strengthen subsequent to the end of Q4 2025, increasing to 95.2% during the month of January 2026. Occupancy improvements, in addition to rate growth, also supported a year-over-year 300 bps margin expansion in Q4 2025.Going forward, we will continue to focus on expanding the Company’s NOI with our concentrated marketing and sales initiatives, operational efficiency and our asset optimization efforts. We expect Same Property NOI growth in our retirement portfolio to exceed 10% in 2026 as a result of the segment’s occupancy growth, rate increases and higher care revenue.Asset Optimization Initiatives – Sienna believes that there is a significant opportunity to create value through asset optimization initiatives at certain properties. These initiatives target a better market fit and include renovations, the changes in suite mix, additional services or the alternative use of a property to reflect the evolving needs of residents. By optimizing our existing portfolio, we expect to unlock substantial NOI growth while modernizing Sienna’s asset base. Effective January 1, 2026, Sienna updated the composition of its Same Property retirement portfolio to reflect ongoing asset optimization activities.Long-Term Care Operations – Sienna’s LTC segment benefits from a stable operating environment, high occupancy levels and an increase in private accommodation revenues as a result of higher private occupancy. Excluding One-Time Items, we expect the year-over-year increase of our 2026 LTC Same Property NOI for the full year to be in the low single-digit percentage range.Growth Targets – The following table summarizes Sienna’s 2026 key targets for Same Property growth, excluding One-Time Items:Conference CallSienna will host a conference call on February 20, 2026 at 10:00 a.m. (ET). The toll-free dial-in number for participants is 1-800-715-9871, conference ID: 1106230. A webcast of the call will be accessible via Sienna’s website at www.siennaliving.ca/investors/events-presentations. It will be available for replay until February 20, 2027 and archived on Sienna’s website.About Sienna Senior LivingSienna Senior Living Inc. (TSX:SIA) offers a full range of seniors’ living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna’s approximately 15,000 employees are passionate about cultivating happiness in daily life. For more information, please visit www.siennaliving.ca.Risk FactorsRefer to the risk factors disclosed in the Company’s MD&A for the year ended December 31, 2025, and its most recent Annual Information Form for more information.Forward-Looking StatementsCertain of the statements contained in this news release are forward-looking statements and are provided for the purpose of presenting information about management’s current expectations and plans relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. These statements generally use forward-looking words, such as “anticipate,” “continue,” “could,” “expect,” “may,” “will,” “estimate,” “believe,” “goals”, “target” or other similar words and are based on the Company’s expectations, estimates, forecasts and projections. These statements are subject to significant known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. The forward-looking statements in this news release are based on information currently available and what management currently believes are reasonable assumptions. The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.FOR FURTHER INFORMATION, PLEASE CONTACT:David Hung Chief Financial Officer and Executive Vice President, Investments (905) 489-0258 david.hung@siennaliving.caNancy Webb Executive Vice President, Corporate Affairs and Marketing (905) 477-4006 ext. 3030 nancy.webb@siennaliving.caPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.