07:29 AM EST, 02/20/2026 (MT Newswires) -- Sienna Senior Living ( LWSCF ) overnight Thursday reported higher fourth-quarter adjusted funds from operations and revenue. The company also renewed its ATM program.

Adjusted funds from operations, which excludes one-time items, rose to $27.9 million, or $0.29 per share, from $23.3 million, or $0.28 per share, for the same period last year.

Revenue, also excluding one-time items, increased to $278.4 million, from $243.8 million. Analysts polled by FactSet had expected $293.2 million.

The company noted that average same property occupancy in its retirement segment was up 180 basis points year over year, to 94.7% in the fourth quarter, further increasing to 95.2% in Jan. 2026.

Sienna renewed its at-the-market (ATM) program on Feb. 19, to issue up to $150 million of shares. Its previous ATM program, for $125 million, established in May last year, has been fully deployed.

"Throughout 2025, we created significant value through a combination of organic growth, strategic acquisitions and new developments, strengthening both the scale and quality of Sienna's platform," said chief executive Nitin Jain. "In 2026, we expect to continue our growth momentum as we leverage the compelling supply/demand fundamentals in Canadian senior living, and further strengthen our position in the sector."