EXETF - Sienna Senior Living: Strong Growth Despite Lower Occupancy Ratio
Investment Thesis
Sienna Senior Living (LWSCF) (TSX:SIA) delivered modest growth in Q4 2018. We continue to have a positive view on the company because of favorable demographic trends, significant improvement in its portfolio mix, and enhancement in its newly acquired residences. Its shares still trade at an attractive valuation to its peers. The company also pays an attractive 5.1%-yielding dividend. We believe Sienna is a good investment choice for investors seeking both dividend growth and capital appreciation.
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Recent Developments: Q1 2019 Financial Highlights
Sienna delivered strong growth in its Q1