Investment Thesis
Extendicare (EXETF) (TSX:EXE) delivered mixed Q2 2018 results. The company has several growth initiatives such as expanding its Retirement Living Portfolio, redeveloping 21 Long-Term Care centers, attracting professional services workers to grow its Home Health Care business, and providing smart retirement home services to its tenants. However, most of these initiatives will take some time before we see any material impacts. The company currently pays an attractive 6.1%-yielding dividend.
EXE data by YCharts
Recent Developments
Extendicare delivered mixed Q2 2018 results. The company increased its net operating income slightly to C$36.3