Earnings
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Innergex Renewable Energy - Q2-2018 Earnings & Price Target Update .....
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SmartCentres REIT - Q2-2018 Earnings Update .....
August 11, 2018 - IPL
Inter Pipeline Ltd Q2-2018 Earnings & Price Target Update .....
August 9, 2018 - SIA
Sienna Senior Living Inc. Q2-2018 & Price Target Update .....
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Sienna Senior Living Inc. Q2-2018 & Price Target Update

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Sienna Senior Living Inc. (TSX: SIA) owns and operates (as of Jun-30-2018) 70 seniors' living residences: 27 retirement residences; 35 Long Term Care residences; and eight seniors' living residences providing both private-pay Independent Living and Assisted Living. In total there are 10,091 suites of which 3,223 are private pay retirement suites and 5,733 are public pay LTC suites all located in Ontario; and 1,135 Residential Care suites located in BC. For the Residential Care suites, 945 are public pay and 190 are private pay. The management services division provides management services to 15 seniors' living residences in British Columbia and Ontario. Including a 10 residence acquisition for $382M completed on Mar-31-2018 total assets are $1.8B more than doubling since 2010. Suites with either long term or assisted care contribute about 80% of revenues with the balance with Retirement Suites.

Key operating strategies including expanding into private pay retirement residences to minimize stress for occupants when moving to LTC. Sienna and its predecessors have been operating since 1972. They closed the initial public offering of shares in Mar-2010. Effective May-2015, the name was changed from Leisure World Inc. (LW) to Sienna Senior Living Inc. (SIA).

Acquisitions – Dispositions

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