Sienna Senior Living Inc. Provides Operations Update and Reports First Quarter 2021 Financial Results
Q1 2021 rent collection levels have remained similar to past experience.\nOperating expenses, net decreased by 9.4% in Q1 2021, or $12.2 million, to $117.0 million, compared to Q1 2020.
- Q1 2021 rent collection levels have remained similar to past experience.\nOperating expenses, net decreased by 9.4% in Q1 2021, or $12.2 million, to $117.0 million, compared to Q1 2020.
- Excluding the impact of net pandemic expenses or recoveries, the Company expects the financial performance of Sienna\xe2\x80\x99s LTC portfolio in 2021 to be slightly below 2020.
- The forward-looking statements in this news release are based on information currently available and what management currently believes are reasonable assumptions.
- The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.\n"