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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Sienna Senior Living
Sienna Senior Living (SIA) investor relations material
Sienna Senior Living Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary5 Aug, 2026
Executive summary
Achieved 14 consecutive quarters of strong year-over-year growth in retirement and long-term care operations, driven by organic growth, acquisitions, and accelerated redevelopment initiatives.
Formed a strategic joint venture with Fiera Infrastructure to accelerate long-term care redevelopments, targeting $625 million in projects.
Recognized as one of Canada's Best Companies by TIME Magazine for the second consecutive year, highlighting a commitment to purpose and performance.
Financial highlights
Revenue increased by 13.6% year-over-year to $288.2 million in Q2 2026, driven by acquisitions, occupancy, rental rate growth, and increased care revenue.
Same Property NOI rose 19.4% to $57.6 million, with retirement segment up 15.2% and long-term care up 22.6%.
Operating funds from operations (OFFO) increased by 35% to $39.6 million; adjusted funds from operations (AFFO) up 44.9% to $34.9 million.
AFFO payout ratio improved to 72.3% from 89.5% year-over-year.
OFFO and AFFO per share increased by 16.4% and 24.4%, respectively.
Outlook and guidance
2026 target confirmed for more than 10% Same Property NOI growth in retirement segment.
Raised long-term care Same Property NOI growth target to mid to high single digits for 2026.
Year-end retirement occupancy target set at 95%+.
Focus remains on portfolio optimization, operational efficiency, and asset modernization to sustain growth momentum.
Medium-term forecast for long-term care NOI growth to eventually moderate to low single digits.
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Latest events from Sienna Senior Living
- NOI and AFFO advanced as occupancy, acquisitions and 2026 growth targets strengthened.SIA
Q3 2026 - Board and auditor votes passed; strong growth, acquisitions, and staffing improvements reported.SIAAGM 2026
- Q1 2026 saw double-digit revenue and NOI growth, high occupancy, and major portfolio expansion.SIAQ1 2026
- Record revenue, high occupancy, and ongoing growth through acquisitions and development.SIAInvestor presentation
- High occupancy, strong growth, and a $3.4B portfolio position the company for continued expansion.SIAInvestor presentation
- Double-digit revenue and NOI growth in 2025, with strong expansion and 2026 outlook.SIAQ4 2025
- Double-digit NOI growth, record occupancy, and capital raises drive strong Q3 performance.SIAQ3 2024
- Double-digit growth, strong occupancy, and funding drive a positive outlook.SIAQ2 2024
- Q4 2024 saw double-digit revenue and NOI growth, high occupancy, and major acquisitions.SIAQ4 2024
Next Sienna Senior Living earnings date
Q3 202613 Nov, 2026
Sienna Senior Living
Next Sienna Senior Living earnings date
Q3 202613 Nov, 2026
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Frequently asked questions
Sienna Senior Living Inc. is a healthcare and senior living company that owns, operates, and manages retirement residences and long-term care communities. The company provides housing, personal care, and specialized health services for seniors, including independent living, assisted living, memory care, and skilled nursing care. Sienna Senior Living Inc. operates a network of facilities across Canada, focusing on resident well-being, medical support, and lifestyle programs. The company is headquartered in Markham, Canada, and its shares are listed on the TSX.