Sienna Senior Living Inc. (LWSCF) Q3 2024 Earnings Call Transcript Summary
Sienna Senior Living Inc. (LWSCF) Q3 2024 Earnings Call Transcript Summary
Operating funds from operations increased by 19% to $23.9 million, attributed to higher NOI, reduced transaction costs, and lower interest expenses, partly offset by higher income tax.The following is a summary of the Sienna Senior Living Inc. (LWSCF) Q3 2024 Earnings Call Transcript:
以下是Sienna Senior Living Inc. (LWSCF) Q3 2024 業績會議通話摘要：
Financial Performance:
財務表現：
Sienna Senior Living Inc. reported a total adjusted revenue increase of 12.5% year-over-year to $224.8 million in Q3 2024, primarily driven by growth in occupancy and rental rates, alongside increased care revenue in the retirement segment and higher government funding and private accommodation revenue in the LTC segment.
Adjusted same property NOI grew by 14.7% to $43.4 million in Q3 2024, compared to $37.8 million in the same quarter of the previous year.
Operating funds from operations increased by 19% to $23.9 million, attributed to higher NOI, reduced transaction costs, and lower interest expenses, partly offset by higher income tax.
AFFO per share decreased by 1.1% to $0.266 in Q3 2024, attributed to the temporary dilution caused by a recent equity issuance.
Sienna Senior Living Inc.報告，2024年第三季度總調整營業收入同比增長12.5%，達到22480萬美元，主要受入住率和租金水平增長的推動，同時養老部門的護理收入增加以及長期護理部門中政府資助和私人住宿收入增加。
調整後的同一物業淨營業收入同比增長14.7%，達到4340萬美元，較上一年同期的3780萬美元有所增長。
運營資金來源於營業活動的增長幅度達到19%，達到2390萬美元，這歸因於更高的淨營業收入，減少的交易成本和較低的利息支出，部分抵消了更高的所得稅。
每股經調整後的運營現金流淨收益同比下降1.1%，爲0.266美元，這歸因於最近股權發行導致的暫時性攤薄。
Business Progress:
業務進展：
Sienna Senior Living successfully expanded into Alberta with a $182 million acquisition of four continuing care homes, expected to be finalized in early 2025.
The development projects in Ontario are ongoing with substantial investments aimed to contribute significantly to Sienna's operating results and reduce AFFO payout ratios.
Launched a new long-term care redevelopment project in Keswick, replacing an existing facility with 160 beds, significantly expanding capacity.
Initiated the acquisition of a remaining 30% interest in Nicola Lodge to increase ownership to 100%.
Sienna Senior Living成功通過以18200萬美元收購四家持續護理住宅進入阿爾伯塔省，預計將於2025年初完成。
安大略省的開發項目正在進行中，旨在通過大額投資大幅貢獻Sienna的營運業績，降低AFFO支付比率。
在Keswick啓動了一個新的長期護理改建項目，用160張牀替換現有設施，大幅擴展了能力。
啓動了對Nicola Lodge剩餘30%股權的收購，以將所有權增至100%。
Opportunities:
機會：
Sienna has leveraged strong market demand facilitated by demographic trends, including an aging population, to strengthen its financial performance and expand through acquisitions and developments.
The company's strategic entry into Alberta and the anticipated regulatory approvals showcase opportunities for growth and synergies in Western Canada's fast-growing markets.
Sienna利用人口老齡化等人口趨勢帶來的強勁市場需求，增強其財務表現，並通過收購和開發來擴大規模。
公司戰略性進入阿爾伯塔，並預計獲得監管批准，展現了在西部加拿大快速增長市場中的增長機會和協同效應。
Risks:
風險：
The growth from retirement home operations is expected to become more rate-driven as occupancy approaches 95%, potentially implying challenges in continually increasing rates in highly occupied markets.
養老院運營的增長預計將更多地受到利率推動，因入住率接近95%，可能意味着在高度佔用的市場中持續提高費率存在挑戰。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
