This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.														Estimates	Estimates	Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Q3 2023
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/			9/30/24
Sienna Senior Living Inc					TSX	SIA	OTC	LWSCF	https://www.siennaliving.ca/			Fiscal Yr:	Dec 31
Year	12/30/12	12/31/13	12/31/14	12/31/15	12/30/16	12/31/17	12/31/18	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23	12/31/24	12/31/25	12/31/26	12/31/27		Value	Description	#Y	Item	Total G
Accounting Rules							IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS					Accounting Rules
														$1,007	<-12 mths	8.28%
Adjusted Revenue										$668.5	$736.8	$816.7	$929.9								Adjusted Revenue
Increase											10.22%	10.83%	13.87%								Increase
5 year Running Average													$630								5 year Running Average
														$967	<-12 mths	8.27%
Revenue*	$319.3	$353.3	$456.8	$470.1	$497.9	$557.7	$642.0	$669.7	$664.2	$668.5	$718.6	$785.4	$893.2	$1,014	$1,161	$1,185		95.53%	<-Total Growth	10	Revenue
Increase	10.06%	10.66%	29.28%	2.92%	5.91%	12.01%	15.11%	4.32%	-0.82%	0.64%	7.49%	9.29%	13.72%	13.53%	14.50%	2.07%		6.94%	<-IRR #YR->	10	Revenue	95.53%
5 year Running Average			$326.6	$377.9	$419.5	$467.2	$525	$567	$606	$640	$673	$701	$746	$815.9	$914.4	$1,007.7		5.93%	<-IRR #YR->	5	Revenue	33.36%
Revenue per Share	$10.91	$9.75	$12.58	$12.15	$10.80	$10.51	$9.72	$10.02	$9.91	$9.97	$9.85	$10.76	$10.81	$12.27	$14.05	$14.34		8.61%	<-IRR #YR->	10	5 yr Running Average	128.39%
Increase	-7.92%	-10.61%	29.07%	-3.42%	-11.14%	-2.67%	-7.55%	3.10%	-1.12%	0.64%	-1.20%	9.25%	0.39%	13.53%	14.50%	2.07%		5.62%	<-IRR #YR->	5	5 yr Running Average	31.45%
5 year Running Average			$11.14	$11.45	$11.24	$11.16	$11.15	$10.64	$10.19	$10.03	$9.89	$10.10	$10.26	$10.73	$11.55	$12.44		-1.51%	<-IRR #YR->	10	Revenue per Share	-14.14%
P/S (Price/Sales) Med	1.12	1.20	1.01	1.31	1.50	1.71	1.75	1.80	1.44	1.49	1.34	1.05	1.35	1.45	0.00	0.00		1.52%	<-IRR #YR->	5	Revenue per Share	7.83%
P/S (Price/Sales) Close	1.15	1.17	1.11	1.33	1.51	1.73	1.62	1.52	1.43	1.51	1.11	1.07	1.45	1.69	1.48	1.45		-0.82%	<-IRR #YR->	10	5 yr Running Average	-7.91%
*Revenue in M CDN $					P/S Med	20 yr	1.34	15 yr	1.34	10 yr	1.47	5 yr	1.35		15.04%	Diff M/C		-0.73%	<-IRR #YR->	5	5 yr Running Average	-3.58%
			-$456.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$893.2
								-$669.7	$0.0	$0.0	$0.0	$0.0	$893.2
			-$326.6	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$746.0
								-$567.5	$0.0	$0.0	$0.0	$0.0	$746.0
			-$12.58	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$10.81
								-$10.02	$0.00	$0.00	$0.00	$0.00	$10.81
			-$11.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$10.26
								-$10.64	$0.00	$0.00	$0.00	$0.00	$10.26
														$102.1	<-12 mths	-1.12%
														$1.15	<-12 mths	-14.93%
AFFO Amount	$34.28	$37.13	$48.30	$49.45	$59.12	$70.15	92.485	$93.186	$69.568	$72.757	$67.475	$75.137	$103.221	96.7	115.1			113.73%	<-Total Growth	10	AFFO Amount
Return on Equity ROE	16.79%	14.71%	24.25%	27.96%	19.69%	17.71%	16.29%	17.57%	15.55%	17.93%	15.52%	20.10%	21.47%					17.82%	<-Median->	10	Return on Equity ROE
5Yr Median			14.71%	16.79%	19.69%	19.69%	19.69%	17.71%	17.57%	17.57%	16.29%	17.57%	17.93%					17.64%	<-Median->	10	5Yr Median
AFFO Diluted*	$1.25	$1.06	$1.29	$1.31	$1.41	$1.43	$1.36	$1.402	$1.038	$1.085	$0.943	$1.030	$1.353					5.13%	<-Total Growth	10	AFFO
AFFO Basic*	$1.25	$1.10	$1.33	$1.36	$1.46	$1.48	$1.45	$1.402	$1.038	$1.085	$0.943	$1.030	$1.353	$1.19	$1.33	$1.44		1.58%	<-Total Growth	10	AFFO
Increase	8.58%	-12.56%	21.53%	2.03%	7.43%	1%	-2.16%	-3.31%	-25.96%	4.53%	-13.09%	9.23%	31.36%	-12.05%	11.76%	8.27%		0.16%	<-IRR #YR->	10	AFFO	1.58%
AFFO Yield	10.0%	9.6%	9.5%	8.4%	9.0%	8.1%	9.2%	9.2%	7.3%	7.2%	8.7%	9.0%	8.7%	5.7%	6.4%	6.9%		-0.71%	<-IRR #YR->	5	AFFO	-3.50%
5 year Running Average			$1.17	$1.24	$1.30	$1.35	$1.42	$1.43	$1.37	$1.29	$1.18	$1.10	$1.09	$1.12	$1.17	$1.27		-0.72%	<-IRR #YR->	10	5 yr Running Average	-7.00%
Payout Ratio	67.78%	82.12%	67.57%	66.23%	61.64%	60.73%	62.48%	65.91%	90.17%	86.27%	99.26%	90.87%	69.18%	78.66%	70.38%	65.00%		-5.30%	<-IRR #YR->	5	5 yr Running Average	-23.82%
5 year Running Average			72.85%	71.46%	69.07%	67.66%	63.73%	63.40%	68.19%	73.11%	80.82%	86.50%	87.15%	84.85%	81.67%	74.82%		70.26%	<-Median->	10	Payout 5 yr Running Average
Price/AFFO Median	9.71	10.68	9.58	11.75	11.11	12.11	11.70	12.87	13.78	13.72	13.99	10.98	10.76	14.97	0.00	0.00		11.93	<-Median->	10	P/AFFO Med
Price/AFFO High	10.37	11.98	10.72	13.27	12.23	12.68	12.66	14.48	18.92	15.48	16.67	12.23	12.93	17.63	0.00	0.00		13.10	<-Median->	10	P/AFFO High
Price/AFFO Low	9.06	9.37	8.43	10.24	10.00	11.53	10.74	11.26	8.64	11.95	11.30	9.72	8.59	12.31	0.00	0.00		10.49	<-Median->	10	P/AFFO Low
Price/AFFO Close	10.01	10.42	10.50	11.88	11.16	12.29	10.86	10.88	13.62	13.85	11.56	11.16	11.54	17.41	15.58	14.39		11.55	<-Median->	10	P/AFFO Close
Trailing P/AFFO Close	10.87	9.11	12.76	12.12	11.99	12.48	10.62	10.52	10.09	14.48	10.05	12.18	15.17	15.31	17.41	15.58		12.06	<-Median->	10	Trailing P/AFFO Close
Median Values	Historical	in order	11.11	12.66	9.72	11.16	P/AFFO	5 Yrs	in order	13.72	15.48	9.72	11.56		26.92%	Diff M/C		45.97%	Diff M/C	10	DPR 75% to 95% best
* Adjusted Funds From Operations
			-$1.33	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.35
								-$1.40	$0.00	$0.00	$0.00	$0.00	$1.35
			-$1.17	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.09
								-$1.43	$0.00	$0.00	$0.00	$0.00	$1.09
														$109.85	<-12 mths	3.37%
														$1.24	<-12 mths	-10.98%
FFO Amount	$26.26	$25.73	$21.23	$43.79	$48.68	$61.36	$86.00	$86.49	$55.78	$73.58	$56.94	$76.06	$106.27					400.63%	<-Total Growth	10	FFO Amount
Return on Equity ROE	12.86%	10.19%	10.66%	24.76%	16.22%	15.49%	15.15%	16.30%	12.47%	18.13%	13.10%	20.35%	22.11%					16.26%	<-Median->	10	Return on Equity ROE
5Yr Median			10.66%	10.82%	12.86%	15.49%	15.49%	16.22%	15.49%	15.49%	15.15%	16.30%	18.13%					15.49%	<-Median->	10	5Yr Median
FFO Diluted*	$0.960	$0.861	$0.585	$1.203	$1.202	$1.296	$1.348	$1.301	$0.832	$1.980	$0.795	$1.043	$1.393					138.12%	<-Total Growth	10	FFO Diluted*
FFO Basic*	$0.960	$0.861	$0.585	$1.203	$1.202	$1.296	$1.348	$1.301	$0.832	$1.980	$0.795	$1.043	$1.393	$1.31	$1.41	$1.48		138.12%	<-Total Growth	10	FFO Basic*
Increase	12.88%	-10.30%	-32.06%	105.64%	-0.08%	7.82%	4.01%	-3.49%	-36.05%	137.98%	-59.85%	31.19%	33.56%	-5.96%	7.63%	4.96%		9.06%	<-IRR #YR->	10	FFO
FFO Yield	7.65%	7.54%	4.18%	7.45%	7.37%	7.11%	8.56%	8.53%	5.88%	13.17%	7.29%	9.08%	8.92%	6.32%	6.81%	7.14%		1.38%	<-IRR #YR->	5	FFO	7.07%
5 year Running Average			$0.82	$0.89	$0.96	$1.03	$1.13	$1.27	$1.20	$1.35	$1.25	$1.19	$1.21	$1.30	$1.19	$1.33		3.93%	<-IRR #YR->	10	5 yr Running Average	47.07%
Payout Ratio	88.51%	104.53%	153.85%	74.81%	74.88%	69.44%	67.21%	71.02%	112.50%	47.27%	117.74%	89.74%	67.19%	71.45%	66.38%	63.24%		-0.99%	<-IRR #YR->	5	5 yr Running Average	-4.83%
5 year Running Average			106.93%	104.32%	99.31%	95.50%	88.04%	71.47%	79.01%	73.49%	83.15%	87.65%	86.89%	78.68%	82.50%	71.60%		87.27%	<-Median->	10	Payout 5 yr Running Average
Price/FFO Median	12.68	13.59	21.80	13.28	13.50	13.84	12.59	13.87	17.19	7.52	16.59	10.84	10.45	13.60	0.00	0.00		13.39	<-Median->	10	Price/FFO Median
Price/FFO High	13.54	15.25	24.41	14.99	14.85	14.50	13.62	15.60	23.61	8.48	19.77	12.08	12.56	16.02	0.00	0.00		14.67	<-Median->	10	Price/FFO High
Price/FFO Low	11.82	11.93	19.20	11.56	12.15	13.19	11.56	12.13	10.78	6.55	13.41	9.60	8.34	11.18	0.00	0.00		11.56	<-Median->	10	Price/FFO Low
Price/FFO Close	13.07	13.26	23.91	13.42	13.56	14.06	11.68	11.73	17.00	7.59	13.71	11.02	11.21	15.82	14.70	14.00		12.57	<-Median->	10	Price/FFO Close
Trailing P/FFO Close	14.76	11.90	16.25	27.59	13.55	15.16	12.15	11.32	10.87	18.06	5.51	14.45	14.98	14.87	15.82	14.70		14.00	<-Median->	10	Trailing P/FFO Close
Median Values	Historical	in order	13.28	14.50	11.64	13.26	P/FFO	5 Yrs	in order	10.84	12.56	9.60	11.21		45.93%	Diff M/C		18.15%	Diff M/C	10	DPR 75% to 95% best
* Funds From Operations
			-$0.59	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.39
								-$1.30	$0.00	$0.00	$0.00	$0.00	$1.39
			-$0.82	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.21
								-$1.27	$0.00	$0.00	$0.00	$0.00	$1.21
														$117.55	<-12 mths	1.23%
														$1.33	<-12 mths	-12.81%
OFFO Amount (OFFO)	$26.26	$30.96	$41.77	$43.01	$52.78	$64.34	$89.90	$91.886	$68.897	$76.992	$69.078	$82.071	$116.119	$107.700	$120.400			177.98%	<-Total Growth	10	OFFO Amount
Return on Equity ROE	12.86%	12.26%	20.97%	24.31%	17.58%	16.24%	15.84%	17.32%	15.40%	18.97%	15.89%	21.96%	24.16%					17.45%	<-Median->	10	Return on Equity ROE
5Yr Median			12.26%	12.86%	17.58%	17.58%	17.58%	17.32%	16.24%	16.24%	15.89%	17.32%	18.97%					17.32%	<-Median->	10	5Yr Median
OFFO Diluted*	$0.96	$1.21	$1.12	$1.15	$1.59	$1.32	$1.40	$1.382	$1.028	$1.148	$0.965	$1.125	$1.522					35.89%	<-Total Growth	10	OFFO Diluted*
OFFO Basic*	$0.96	$1.24	$1.15	$1.18	$1.30	$1.36	$1.41	$1.382	$1.028	$1.148	$0.965	$1.125	$1.522	$1.31	$1.41	$1.48		32.12%	<-Total Growth	10	OFFO Basic*
Increase	12.88%	29.49%	-7.32%	2.60%	10.24%	4.30%	3.68%	-1.92%	-25.62%	11.67%	-15.94%	16.58%	35.29%	-13.93%	7.63%	4.96%		2.82%	<-IRR #YR->	10	OFFO	32.12%
OFFO Yield	7.65%	10.88%	8.23%	7.32%	7.99%	7.46%	8.95%	9.06%	7.27%	7.64%	8.85%	9.79%	9.74%	6.32%	6.81%	7.14%		1.95%	<-IRR #YR->	5	OFFO	10.13%
5 year Running Average			$1.01	$1.08	$1.17	$1.25	$1.28	$1.33	$1.30	$1.27	$1.19	$1.13	$1.16	$1.21	$1.27	$1.37		1.36%	<-IRR #YR->	10	5 yr Running Average	14.44%
Payout Ratio	88.51%	72.41%	78.13%	76.14%	69.07%	66.23%	64.30%	66.86%	91.05%	81.53%	96.99%	83.20%	61.50%	71.45%	66.38%	63.24%		-2.69%	<-IRR #YR->	5	5 yr Running Average	-12.77%
5 year Running Average			85.36%	83.02%	76.85%	72.39%	70.77%	68.52%	71.50%	73.99%	80.15%	83.93%	82.86%	78.94%	75.91%	69.15%		75.42%	<-Median->	10	Payout 5 yr Running Average
Price/OFFO Median	12.68	9.41	11.07	13.51	12.45	13.20	12.04	13.05	13.92	12.97	13.67	10.05	9.56	13.60	0.00	0.00		13.01	<-Median->	10	Price/OFFO Median
Price/OFFO High	13.54	10.56	12.40	15.25	13.70	13.83	13.03	14.69	19.11	14.63	16.29	11.20	11.49	16.02	0.00	0.00		14.23	<-Median->	10	Price/OFFO High
Price/OFFO Low	11.82	8.26	9.75	11.77	11.20	12.58	11.06	11.42	8.73	11.30	11.05	8.90	7.63	11.18	0.00	0.00		11.13	<-Median->	10	Price/OFFO Low
Price/OFFO Close	13.07	9.19	12.14	13.65	12.51	13.41	11.17	11.04	13.75	13.09	11.30	10.21	10.26	15.82	14.70	14.00		11.90	<-Median->	10	Price/OFFO Close
Trailing P/OFFO Close	14.76	11.90	11.26	14.01	13.79	13.98	11.58	10.83	10.23	14.62	9.49	11.91	13.88	13.61	15.82	14.70		12.85	<-Median->	10	Trailing P/OFFO Close
Median Values	Historical	in order	12.45	13.54	11.06	12.14	P/OFFO	5 Yrs	in order	12.97	14.63	8.90	11.30		21.99%	Diff M/C		21.58%	Diff M/C	10	DPR 75% to 95% best
* Operating Funds From Operations
			-$1.15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.52
								-$1.38	$0.00	$0.00	$0.00	$0.00	$1.52
			-$1.01	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.16
								-$1.33	$0.00	$0.00	$0.00	$0.00	$1.16
														$0.44	<-12 mths	-12.00%
Difference Basic and Diluted	0.00%	0.00%	0.00%	0.00%	3.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%					0.00%	<-Median->	10	Difference Basic and Diluted
EPS Basic	-$0.33	-$0.31	-$0.44	$0.20	$0.28	$0.45	$0.15	$0.11	-$0.37	$0.31	$0.15	$0.10	$0.50					213.64%	<-Total Growth	10	EPS Basic
EPS Diluted*	-$0.33	-$0.31	-$0.44	$0.20	$0.27	$0.45	$0.15	$0.11	-$0.37	$0.31	$0.15	$0.10	$0.50	$0.48	$0.58			213.64%	<-Total Growth	10	EPS Diluted	Calc
Increase	36.54%	6.06%	-41.94%	145.45%	35.00%	66.67%	-66.67%	-26.67%	-436.36%	183.78%	-51.94%	-32.89%	400.00%	-4.00%	20.83%			9	1	10	Years of Data, EPS P or N	90.00%
Earnings Yield	-2.63%	-2.71%	-3.15%	1.24%	1.66%	2.47%	0.95%	0.72%	-2.62%	2.06%	1.37%	0.87%	3.20%	2.32%	2.80%			#NUM!	<-IRR #YR->	10	Earnings per Share	213.64%
5 year Running Average			-$0.37	-$0.28	-$0.12	$0.03	$0.13	$0.24	$0.12	$0.13	$0.07	$0.06	$0.14	$0.31	$0.36			35.37%	<-IRR #YR->	5	Earnings per Share	354.55%
10 year Running Average								-$0.07	-$0.08	$0.00	$0.05	$0.09	$0.19	$0.21	$0.25			#NUM!	<-IRR #YR->	10	5 yr Running Average	137.45%
* Diluted ESP per share									E/P	10 Yrs	1.30%	5Yrs	1.37%					-10.20%	<-IRR #YR->	5	5 yr Running Average	-41.61%
			$0.44	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.50
								-$0.11	$0.00	$0.00	$0.00	$0.00	$0.50
			$0.37	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.14
								-$0.24	$0.00	$0.00	$0.00	$0.00	$0.14
														$68.40	<-12 mths	-2.55%					Dividends Paid in Cash
Dividend Calculation	$24.87	$32.62	$32.67	$34.81	$41.49	$47.75	$59.85	$61.76	$62.75	$62.75	$68.27	$68.30	$77.37	$77.37				136.83%	<-Total Growth	10	Dividend Calculation
Dividends Paid in Cash	$23.18	$26.37	$32.19	$30.35	$32.79	$36.86	$46.25	$47.71	$59.32	$62.75	$66.85	$68.29	$70.19	$77.37				118.01%	<-Total Growth	10	Dividends Paid in Cash
Difference	$1.69	$6.24	$0.48	$4.46	$8.70	$10.89	$13.60	$14.05	$3.42	$0.00	$1.42	$0.01	$7.19	$0.00				1412.35%	<-Total Growth	10	Difference
Dividend*														$0.94	$0.94	$0.94			Estimates		Dividend*
Increase														0.43%	0.00%	0.00%			Estimates		Increase
Payout Ratio EPS														195.83%	162.07%	#DIV/0!			Estimates		Payout Ratio EPS
Special Dividends	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends
Dividend*	$0.8496	$0.9000	$0.9000	$0.9000	$0.9000	$0.9000	$0.9060	$0.9240	$0.9360	$0.9360	$0.9360	$0.9360	$0.9360	$0.9360	$0.9360	$0.9360		4.00%	<-Total Growth	10	Dividends
Increase	0.00%	5.93%	0.00%	0.00%	0.00%	0.00%	0.67%	1.99%	1.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		5	0	14	Years of data, Count P, N	35.71%
Average Increases 5 Year Running				3.87%	1.19%	1.19%	0.13%	0.53%	0.79%	0.79%	0.79%	0.66%	0.26%	0.00%	0.00%	0.00%		0.79%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running			$0.85	$0.88	$0.89	$0.90	$0.90	$0.91	$0.91	$0.92	$0.93	$0.93	$0.94	$0.94	$0.94	$0.94		3.86%	<-Total Growth	10	Dividends 5 Yr Running
Yield H/L Price	6.98%	7.69%	7.06%	5.64%	5.55%	5.02%	5.34%	5.12%	6.54%	6.29%	7.10%	8.28%	6.43%	5.25%				5.96%	<-Median->	10	Yield H/L Price	Item
Yield on High  Price	6.54%	6.85%	6.30%	4.99%	5.04%	4.79%	4.93%	4.55%	4.77%	5.57%	5.95%	7.43%	5.35%	4.46%				5.02%	<-Median->	10	Yield on High  Price	EPS
Yield on Low Price	7.49%	8.76%	8.01%	6.47%	6.16%	5.27%	5.82%	5.86%	10.43%	7.22%	8.78%	9.35%	8.06%	6.39%				6.84%	<-Median->	10	Yield on Low Price	AFFO
Yield on Close Price	6.77%	7.88%	6.43%	5.58%	5.52%	4.94%	5.76%	6.06%	6.62%	6.23%	8.59%	8.15%	5.99%	4.52%	4.52%	4.52%		6.02%	<-Median->	10	Yield on Close Price	FFO
Payout Ratio EPS	0.00%	0.00%	0.00%	450.00%	333.33%	200.00%	604.00%	840.00%	0.00%	301.94%	628.19%	936.00%	187.20%	195.00%	161.38%	#DIV/0!		391.67%	<-Median->	10	DPR EPS	OFFO
DPR EPS 5 Yr Running			0.00%	0.00%	0.00%	2647.06%	715.24%	383.90%	748.52%	708.00%	1328.94%	1561.20%	679.25%	304.09%	258.71%	#DIV/0!		711.62%	<-Median->	10	DPR EPS 5 Yr Running	CFPS
Payout Ratio CFPS	65.51%	124.33%	133.63%	72.17%	88.51%	101.87%	68.49%	71.88%	90.63%	63.69%	64.36%	53.90%	51.60%	118.06%				70.19%	<-Median->	10	DPR CF	FCF
DPR CF 5 Yr Running			109.95%	87.41%	89.74%	99.02%	87.60%	78.70%	82.40%	76.78%	70.65%	66.89%	62.34%	64.40%				80.55%	<-Median->	10	DPR CF 5 Yr Running
Payout Ratio CFPS WC	60.25%	78.90%	56.64%	51.88%	57.16%	60.79%	49.73%	46.98%	36.13%	28.35%	35.75%	44.93%	48.44%	118.06%				47.71%	<-Median->	10	DPR CF WC
DPR CF WC 5 Yr Running			71.44%	61.74%	59.73%	59.85%	54.95%	52.81%	48.40%	41.23%	37.71%	37.17%	37.36%	43.63%				50.60%	<-Median->	10	DPR CF WC 5 Yr Running
Median Values	10 Yr Med	10 Yr Cl	5.96%	6.02%	5 Yr Med	5 Yr Cl	6.54%	6.62%	5 Yr Med	Payout	301.94%	63.69%	36.13%					0.26%	<-IRR #YR->	5	Dividends	1.30%
* Dividends per share	10 Yr Med	and Cur.	-24.23%	-25.01%	5 Yr Med	and Cur.	-30.96%	-31.76%	Last Div Inc --->		$0.0765	$0.0780	2.0%					0.39%	<-IRR #YR->	10	Dividends	4.00%
Dividends Growth 15																		1.60%	<-IRR #YR->	14	Dividends	#DIV/0!
Dividends Growth 5								-$0.92	$0.00	$0.00	$0.00	$0.00	$0.94								Dividends Growth 5
Dividends Growth 10			-$0.90	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.94								Dividends Growth 10
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.94								Dividends Growth 15
Historical Dividends	Historical	High Div	9.78%	Low Div	4.68%	10 Yr High	10.33%	10 Yr Low	4.57%	Med Div	6.54%	Close Div	6.43%								Historical Dividends
High/Ave/Median Values	Curr diff	Exp.	-53.81%		-3.47%	Exp.	-56.27%		-1.15%	Exp.	-30.93%	Exp.	-29.78%								High/Ave/Median
Future Dividend Yield					Div Yield	4.58%	earning in	5	Years	at IRR of	0.26%	Div Inc.	1.30%								Future Dividend Yield
Future Dividend Yield					Div Yield	4.64%	earning in	10	Years	at IRR of	0.26%	Div Inc.	2.61%								Future Dividend Yield
Future Dividend Yield					Div Yield	4.70%	earning in	15	Years	at IRR of	0.26%	Div Inc.	3.95%								Future Dividend Yield
Future Dividend Paid					Div Paid	$0.95	earning in	5	Years	at IRR of	0.26%	Div Inc.	1.30%								Future Dividend Paid
Future Dividend Paid					Div Paid	$0.96	earning in	10	Years	at IRR of	0.26%	Div Inc.	2.61%								Future Dividend Paid
Future Dividend Paid					Div Paid	$0.97	earning in	15	Years	at IRR of	0.26%	Div Inc.	3.95%								Future Dividend Paid
Dividend Covering Cost					Total Div	$4.70	over	5	Years	at IRR of	0.26%	Div Cov.	22.70%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$8.52	over	10	Years	at IRR of	0.26%	Div Cov.	41.13%								Dividend Covering Cost
Dividend Covering Cost					Total Div	$12.39	over	15	Years	at IRR of	0.26%	Div Cov.	59.79%								Dividend Covering Cost
Yield if held 5 years				9.18%	8.57%	7.39%	7.74%	7.24%	5.86%	5.77%	5.22%	5.52%	5.19%	6.54%	6.29%	7.10%		6.55%	<-Median->	10	Paid Median Price
Yield if held 10 years									9.55%	8.91%	7.69%	8.00%	7.34%	5.86%	5.77%	5.22%		8.00%	<-Median->	5	Paid Median Price
Yield if held 15 years														9.55%	8.91%	7.69%		#NUM!	<-Median->	0	Paid Median Price
Yield if held 20 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
																			year 35		BMO, EMP
Cost covered if held 5 years				44.89%	42.38%	36.96%	38.51%	35.52%	28.59%	28.36%	25.85%	27.51%	25.94%	32.72%	31.44%	35.48%		32.05%	<-Median->	10	Paid Median Price
Cost covered if held 10 years									91.48%	86.21%	75.06%	78.41%	72.21%	57.90%	57.21%	51.94%		78.41%	<-Median->	5	Paid Median Price
Cost covered if held 15 years														139.24%	130.78%	113.49%		#NUM!	<-Median->	0	Paid Median Price
Cost covered if held 20 years																#DIV/0!		#NUM!	<-Median->	0	Paid Median Price
																				Yr	Item	Tot. Growth
Revenue Growth								$669.73	$664.23	$668.49	$718.59	$785.37	$893.16	$967.0	<-12 mths	8.27%		33.36%	<-Total Growth	5	Revenue Growth	33.36%
AFFO Growth								$1.40	$1.04	$1.09	$0.94	$1.03	$1.35	$1.15	<-12 mths	-14.93%		-3.50%	<-Total Growth	5	AFFO Growth	-3.50%
FFO Growth								$1.38	$1.03	$1.15	$0.97	$1.13	$1.52	$1.33	<-12 mths	-12.81%		10.13%	<-Total Growth	5	FFO Growth	10.13%
Net Income Growth								$7.55	-$24.49	$20.65	$10.67	$7.04	$38.40	$39.4	<-12 mths	2.65%		408.85%	<-Total Growth	5	Net Income Growth	408.85%
Cash Flow Growth								$85.92	$69.24	$98.52	$106.08	$126.71	$149.93	$65.5	<-12 mths	-56.29%		74.50%	<-Total Growth	5	Cash Flow Growth	74.50%
Dividend Growth								$0.92	$0.94	$0.94	$0.94	$0.94	$0.94	$0.94	<-12 mths	0.00%		1.30%	<-Total Growth	5	Dividend Growth	1.30%
Stock Price Growth								$15.26	$14.14	$15.03	$10.90	$11.49	$15.62	$20.72	<-12 mths	32.65%		2.36%	<-Total Growth	5	Stock Price Growth	2.36%
Revenue Growth			$456.79	$470.10	$497.89	$557.69	$641.98	$669.73	$664.23	$668.49	$718.59	$785.37	$893.16	$1,014.0	<-this year	13.53%		95.53%	<-Total Growth	10	Revenue Growth	95.53%
AFFO Growth			$1.33	$1.36	$1.46	$1.48	$1.45	$1.40	$1.04	$1.09	$0.94	$1.03	$1.35	$1.19	<-this year	-12.05%		1.58%	<-Total Growth	10	AFFO Growth	1.58%
FFO Growth			$1.15	$1.18	$1.30	$1.36	$1.41	$1.38	$1.03	$1.15	$0.97	$1.13	$1.52	$1.31	<-this year	-13.93%		32.12%	<-Total Growth	10	FFO Growth	32.12%
Net Income Growth			-$15.84	$7.24	$11.31	$21.40	$9.86	$7.55	-$24.49	$20.65	$10.67	$7.04	$38.40	$39.7	<-this year	3.32%		342.43%	<-Total Growth	10	Net Income Growth	342.43%
Cash Flow Growth			$24.45	$48.23	$46.88	$46.87	$87.38	$85.92	$69.24	$98.52	$106.08	$126.71	$149.93	$65.5	<-this year	-56.29%		513.28%	<-Total Growth	10	Cash Flow Growth	513.28%
Dividend Growth			$0.90	$0.90	$0.90	$0.90	$0.91	$0.92	$0.94	$0.94	$0.94	$0.94	$0.94	$0.9	<-this year	0.43%		4.00%	<-Total Growth	10	Dividend Growth	4.00%
Stock Price Growth			$13.99	$16.14	$16.30	$18.22	$15.74	$15.26	$14.14	$15.03	$10.90	$11.49	$15.62	$13.17	<-this year	-15.69%		11.65%	<-Total Growth	10	Stock Price Growth	11.65%
Dividends on Shares				$64.80	$64.80	$64.80	$65.23	$66.53	$67.39	$67.39	$67.39	$67.39	$67.39	$67.39	$67.39	$67.39		$663.12	No of Years	10	Total Dividends	12/31/14
Paid			$1,007.28	$1,162.08	$1,173.60	$1,311.84	$1,133.28	$1,098.72	$1,018.08	$1,082.16	$784.80	$827.28	$1,124.64	$1,491.84	$1,491.84	$1,491.84		$1,124.64	No of Years	10	Worth	$13.99
Total																		$1,787.76
Graham Number based on	$0.01	$0.01
Based on EPS 3 yrs trailing						$1.30	$7.70	$7.20	$5.96	$5.09	$1.49	$1.85	$4.94	$6.52	$7.82	$9.40			based on EPS		3 yrs trailing
Graham Number EPS	$1.25	$1.25	$4.97	$4.54	$6.29	$8.70	$5.39	$4.43	$6.82	$6.50	$4.47	$3.39	$8.09	$9.03	$9.93	$0.00		62.78%	<-Total Growth	10	Graham Number
Increase	-2.87%	-0.05%	296.88%	-8.71%	38.64%	38.26%	-38.07%	-17.70%	53.95%	-4.76%	-31.21%	-24.05%	138.26%	11.69%	9.92%	-100.00%		-6.73%	<-Median->	10	Graham Price EPS
Price/GP Ratio Med	9.72	9.34	2.57	3.52	2.58	2.06	3.15	4.07	2.10	2.29	2.95	3.33	1.80	1.97				2.77	<-Median->	10	Price/GP Ratio Med
Price/GP Ratio High	10.38	10.49	2.87	3.97	2.84	2.16	3.41	4.58	2.88	2.59	3.52	3.71	2.16	2.32				3.14	<-Median->	10	Price/GP Ratio High
Price/GP Ratio Low	9.06	8.20	2.26	3.07	2.32	1.97	2.89	3.56	1.31	2.00	2.38	2.95	1.44	1.62				2.35	<-Median->	10	Price/GP Ratio Low
Price/GP Ratio Close	10.02	9.12	2.82	3.56	2.59	2.10	2.92	3.44	2.07	2.31	2.44	3.38	1.93	2.29				2.52	<-Median->	10	Price/GP Ratio Close
Prem/Disc Close	901.85%	812.11%	181.54%	255.79%	159.17%	109.53%	192.27%	244.31%	107.24%	131.30%	143.86%	238.45%	93.11%	129.36%	108.65%	#DIV/0!		151.51%	<-Median->	10	Graham Price
Graham Number based on FFO	$12.27	$11.62	$8.50	$11.13	$13.27	$14.76	$16.14	$15.24	$11.18	$16.42	$10.32	$10.96	$13.50	$14.92	$15.48	$15.86		58.86%	<-Total Growth	10	Graham Number FFO
Increase	3.20%	-5.34%	-26.85%	30.91%	19.27%	11.20%	9.40%	-5.59%	-26.67%	46.92%	-37.13%	6.19%	23.14%	10.54%	3.75%	2.45%		10.30%	<-Median->	10	Graham Price
Price/GP Ratio Med	0.99	1.01	1.50	1.44	1.22	1.22	1.05	1.18	1.28	0.91	1.28	1.03	1.08	1.19				1.20	<-Median->	10	Price/GP Ratio Med
Price/GP Ratio High	1.06	1.13	1.68	1.62	1.35	1.27	1.14	1.33	1.76	1.02	1.52	1.15	1.30	1.41				1.31	<-Median->	10	Price/GP Ratio High
Price/GP Ratio Low	0.92	0.88	1.32	1.25	1.10	1.16	0.97	1.04	0.80	0.79	1.03	0.91	0.86	0.98				1.00	<-Median->	10	Price/GP Ratio Low
Price/GP Ratio Close	1.02	0.98	1.65	1.45	1.23	1.23	0.97	1.00	1.27	0.92	1.06	1.05	1.16	1.39	1.34	1.31		1.11	<-Median->	10	Price/GP Ratio Close
Prem/Disc Close	2.26%	-1.70%	64.62%	45.07%	22.83%	23.47%	-2.50%	0.12%	26.50%	-8.48%	5.57%	4.80%	15.70%	38.83%	33.82%	30.62%		10.63%	<-Median->	10	Graham Price
Month, Year	Dec-12	Dec-13	Dec-14	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27		15.00	<Count Years>		Month, Year
Price Close	$12.55	$11.42	$13.99	$16.14	$16.30	$18.22	$15.74	$15.26	$14.14	$15.03	$10.90	$11.49	$15.62	$20.72	$20.72	$20.72		11.65%	<-Total Growth	10	Stock Price
Increase	11.26%	-9.00%	22.50%	15.37%	0.99%	11.78%	-13.61%	-3.05%	-7.34%	6.29%	-27.48%	5.41%	35.94%	32.65%	0.00%	0.00%		119.05	<-Median->	10	CAPE (10 Yr P/E)
P/E Ratio	-38.03	-36.84	-31.80	80.70	60.37	40.49	104.93	138.73	-38.22	48.48	73.15	114.90	31.24	43.17	35.72	#DIV/0!		0.47%	<-IRR #YR->	5	Stock Price	2.36%
Trailing P/E Ratio	-24.13	-34.61	-45.13	-36.68	81.50	67.48	34.98	101.73	128.55	-40.62	35.16	77.11	156.20	41.44	43.17	35.72		1.11%	<-IRR #YR->	10	Stock Price	11.65%
CAPE (10 Yr P/E)								-207.80	-183.59	3,719.75	283.51	158.46	79.64	71.39	64.19	#DIV/0!		6.55%	<-IRR #YR->	5	Price & Dividend	33.03%
Median 10, 5 Yrs		D.  per yr	6.28%	6.08%	% Tot Ret	85.00%	92.86%	T P/E	72.30	77.11	P/E:	66.76	48.48					7.39%	<-IRR #YR->	10	Price & Dividend	77.48%
Price 15		D.  per yr	7.69%		% Tot Ret	69.85%						CAPE Diff	-40.03%					3.32%	<-IRR #YR->	15	Stock Price	63.22%
Price & Dividend 15																		11.01%	<-IRR #YR->	15	Price & Dividend	203.85%
Price  5								-$15.26	$0.00	$0.00	$0.00	$0.00	$15.62								Price  5
Price 10			-$13.99	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$15.62								Price 10
Price & Dividend 5								-$15.26	$0.94	$0.94	$0.94	$0.94	$16.56								Price & Dividend 5
Price & Dividend 10			-$13.99	$0.90	$0.90	$0.90	$0.91	$0.92	$0.94	$0.94	$0.94	$0.94	$16.56								Price & Dividend 10
Price  15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$15.62								Price  15
Price & Dividend 15	$0.85	$0.90	$0.90	$0.90	$0.90	$0.90	$0.91	$0.92	$0.94	$0.94	$0.94	$0.94	$16.56								Price & Dividend 15
Price H/L Median	$12.18	$11.70	$12.76	$15.97	$16.23	$17.94	$16.97	$18.04	$14.31	$14.89	$13.19	$11.31	$14.56	$17.82				-8.86%	<-Total Growth	10	Stock Price
Increase	15.95%	-3.90%	9.02%	25.21%	1.60%	10.57%	-5.41%	6.31%	-20.70%	4.05%	-11.39%	-14.29%	28.75%	22.40%				-4.20%	<-IRR #YR->	5	Stock Price	-19.32%
P/E Ratio	-36.89	-37.74	-28.99	79.85	60.09	39.87	113.13	164.00	-38.66	48.02	88.52	113.05	29.11	37.11				1.33%	<-IRR #YR->	10	Stock Price	14.11%
Trailing P/E Ratio	-23.41	-35.45	-41.15	-36.30	81.13	66.44	37.71	120.27	130.05	-40.23	42.55	75.87	145.55	35.63				1.43%	<-IRR #YR->	5	Price & Dividend	6.62%
P/E on Running 5 yr Average			-34.66	-57.04	-132.99	527.65	134.68	76.44	117.25	114.50	188.97	189.05	105.62	57.88				8.16%	<-IRR #YR->	10	Price & Dividend	86.32%
P/E on Running 10 yr Average								-273.33	-181.08	3721.25	254.14	121.69	77.88	82.90				39.87	P/E Ratio		Historical Median
Median 10, 5 Yrs		D.  per yr	5.64%	6.83%	% Tot Ret	393.03%	83.72%	T P/E	71.16	75.87	P/E:	69.97	48.02						Count	14	Years of data
								-$18.04	$0.00	$0.00	$0.00	$0.00	$14.56
			-$12.76	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$14.56
								-$18.04	$0.94	$0.94	$0.94	$0.94	$15.49
			-$12.76	$0.90	$0.90	$0.90	$0.91	$0.92	$0.94	$0.94	$0.94	$0.94	$15.49
High Months	Feb	May	Nov	Nov	Jun	Nov	Jan	Aug	Feb	Jul	Feb	Feb	Oct	Nov
Price High	$13.00	$13.13	$14.28	$18.03	$17.85	$18.79	$18.36	$20.30	$19.64	$16.80	$15.72	$12.60	$17.49	$20.98				22.48%	<-Total Growth	10	Stock Price
Increase	17.12%	1.00%	8.76%	26.26%	-1.00%	5.27%	-2.29%	10.57%	-3.25%	-14.46%	-6.43%	-19.85%	38.81%	19.95%				-2.94%	<-IRR #YR->	5	Stock Price	-13.84%
P/E Ratio	-39.39	-42.35	-32.45	90.15	66.11	41.76	122.40	184.55	-53.08	54.19	105.50	126.00	34.98	43.71				2.05%	<-IRR #YR->	10	Stock Price	22.48%
Trailing P/E Ratio	-25.00	-39.79	-46.06	-40.98	89.25	69.59	40.80	135.33	178.55	-45.41	50.71	84.56	174.90	41.96				41.76	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	77.08	84.56	P/E:	78.13	54.19					149.42	P/E Ratio		Historical High
								-$20.30	$0.00	$0.00	$0.00	$0.00	$17.49
			-$14.28	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$17.49
Low Months	Jan	Nov	Jan	Jan	Jan	Aug	Dec	Jan	Jul	Feb	Dec	Oct	Jan	Jan
Price Low	$11.35	$10.27	$11.23	$13.91	$14.60	$17.09	$15.58	$15.78	$8.97	$12.97	$10.66	$10.01	$11.62	$14.65				3.47%	<-Total Growth	10	Stock Price
Increase	14.65%	-9.52%	9.35%	23.86%	4.96%	17.05%	-8.84%	1.28%	-43.16%	44.59%	-17.81%	-6.10%	16.08%	26.08%				-5.94%	<-IRR #YR->	5	Stock Price	-26.36%
P/E Ratio	-34.39	-33.13	-25.52	69.55	54.07	37.98	103.87	143.45	-24.24	41.84	71.54	100.10	23.24	30.52				0.34%	<-IRR #YR->	10	Stock Price	3.47%
Trailing P/E Ratio	-21.83	-31.12	-36.23	-31.61	73.00	63.30	34.62	105.20	81.55	-35.05	34.39	67.18	116.20	29.30				37.98	P/E Ratio		Historical Median
Median 10, 5 Yrs								T P/E	65.24	67.18	P/E:	61.81	41.84					-35.47	P/E Ratio		Historical Low
								-$15.78	$0.00	$0.00	$0.00	$0.00	$11.62
			-$11.23	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$11.62
Free Cash Flow Mkt Sc									$50.07	$58.22	$50.44	$64.92	$1.90	-$79.00	$15.00	$33.00			<-Total Growth	4	Free Cash Flow Mkt Sc
Change										16.28%	-13.36%	28.71%	-97.07%	-4251.34%	118.99%	120.00%		1.46%	<-Median->	4	Change
														-$70	<-12 mths	-96.23%
Free Cash Flow MS old			$20	$40	$39	$46	$44	$65	$50	$57	$48.0
Change				100.00%	-2.50%	17.95%	-4.35%	47.73%	-23.08%	14.00%	-15.79%
Free Cash Flow MS	$17	$21	$14.50	$37.03	$41.78	$36.88	$34.62	$66.16	$116.38	$156.31	$99.58	$42.80	-$35.53	-$79.0	$15.0	$33.0		-345.03%	<-Total Growth	10	Free Cash Flow
Change	-32.00%	23.53%	-30.95%	155.38%	12.83%	-11.73%	-6.13%	91.10%	75.91%	34.31%	-36.29%	-57.02%	-183.01%	-122.35%	118.99%	120.00%		#NUM!	<-IRR #YR->	5	Free Cash Flow MS	-153.70%
FCF/CF from Op Ratio	0.45	0.80	0.59	0.77	0.89	0.79	0.40	0.77	1.68	1.59	0.94	0.34	-0.24	-1.21	#VALUE!	#DIV/0!		#NUM!	<-IRR #YR->	10	Free Cash Flow MS	-345.03%
Dividends paid	$23.18	$26.37	$32.19	$30.35	$32.79	$36.86	$46.25	$47.71	$59.32	$62.75	$66.85	$68.29	$70.19	$77.37	$77.37	$77.37		118.01%	<-Total Growth	10	Dividends paid
Percentage paid	136.34%	125.59%	222.03%	81.96%	78.48%	99.95%	133.59%	72.12%	50.97%	40.14%	67.14%	159.55%	-197.54%	-97.94%	515.80%	234.46%		$0.75	<-Median->	10	Percentage paid
5 Year Coverage			122.28%	114.96%	110.34%	104.88%	108.27%	89.60%	75.36%	61.63%	59.80%	63.36%	86.26%	187.58%	840.30%	-1561.67%					5 Year Covrage
Dividend Coverage Ratio	0.73	0.80	0.45	1.22	1.27	1.00	0.75	1.39	1.96	2.49	1.49	0.63	-0.51	-1.02	0.19	0.43		1.25	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage			0.82	0.87	0.91	0.95	0.92	1.12	1.33	1.62	1.67	1.58	1.16	0.53	0.12	-0.06					5 Year of Coverage
								-$66	$0	$0	$0	$0	-$36
			-$15	$0	$0	$0	$0	$0	$0	$0	$0	$0	-$36
														-$78	<-12 mths	-753.53%
Free Cash Flow WSJ			$20.87	$42.65	$41.46	$48.30	$48.36	$69.40	$51.27	$51.27	$49.64	$56.21	$11.89	-$79.0	$15.0	$33.0		-43.04%	<-Total Growth	10	Free Cash Flow
Change				104.34%	-2.80%	16.51%	0.12%	43.51%	-26.13%	0.00%	-3.18%	13.25%	-78.85%	-764.48%	118.99%	120.00%		-29.73%	<-IRR #YR->	5	Free Cash Flow MS	-82.87%
FCF/CF from Op Ratio			0.85	0.88	0.88	1.03	0.55	0.81	0.74	0.52	0.47	0.44	0.08	-1.21	#VALUE!	#DIV/0!		-5.47%	<-IRR #YR->	10	Free Cash Flow MS	-43.04%
Dividends paid			$32.19	$30.35	$32.79	$36.86	$46.25	$47.71	$59.32	$62.75	$66.85	$68.29	$70.19	$77.37	$77.37	$77.37		118.01%	<-Total Growth	10	Dividends paid
Percentage paid			154.23%	71.15%	79.08%	76.31%	95.63%	68.75%	115.72%	122.40%	134.69%	121.49%	590.34%	-97.94%	515.80%	234.46%		$1.06	<-Median->	10	Percentage paid
5 Year Coverage							88.49%	77.53%	86.14%	94.15%	104.80%	109.77%	148.64%	383.82%	670.07%	998.88%					5 Year Covrage
Dividend Coverage Ratio			0.65	1.41	1.26	1.31	1.05	1.45	0.86	0.82	0.74	0.82	0.17	-1.02	0.19	0.43		0.95	<-Median->	10	Dividend Coverage Ratio
5 Year of Coverage							1.13	1.29	1.16	1.06	0.95	0.91	0.67	0.26	0.15	0.10					5 Year of Coverage
								-$69	$0	$0	$0	$0	$12
			-$21	$0	$0	$0	$0	$0	$0	$0	$0	$0	$12
Market Cap in $M	$367.4	$413.9	$507.8	$624.3	$751.5	$966.7	$1,039.8	$1,020.0	$947.9	$1,007.6	$795.0	$838.4	$1,291.2	$1,712.7	$1,712.7	$1,712.7		154.25%	<-Total Growth	10	Market Cap	154.25%
Diluted # of Shares in Million	29.27	29.87	39.01	39.14	43.22	50.02	64.82	66.47	67.01	67.04	72.94	72.96	76.29	90.43	90.43	90.43		95.57%	<-Total Growth	10	Diluted # of Shares in Million
Change	26.74%	2.05%	30.60%	0.34%	10.41%	15.75%	29.57%	2.55%	0.82%	0.04%	8.80%	0.02%	4.57%	18.53%	0.00%	0.00%		6.94%	<-IRR #YR->	10	Change
Difference Diluted/Basic	-0.1%	0.0%	-7.0%	-7.0%	-6.3%	-5.3%	-1.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%		2.79%	<-IRR #YR->	5	Difference Diluted/Basic
Change in Diluted Shares per Year
			-39.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	76.3
								-66.5	0.0	0.0	0.0	0.0	76.3
Basic # of Shares in Millions	29.24	29.87	36.26	36.40	40.50	47.35	63.79	66.47	67.01	67.04	72.94	72.96	76.29	90.43	90.43	90.43		110.37%	<-Total Growth	10	Basic	Share capital
Change	26.99%	2.16%	21.40%	0.37%	11.27%	16.92%	34.73%	4.20%	0.82%	0.04%	8.80%	0.02%	4.57%	18.53%	0.00%	0.00%		4.38%	<-Median->	10	Change
Difference Basic/Outstanding	0.11%	21.32%	0.09%	6.26%	13.83%	12.05%	3.55%	0.56%	-100.3%	-99.4%	-99.9%	-99.7%	-99.8%	-8.59%	-8.59%	-8.59%		-49.41%	<-Median->	10	Difference Basic/Outstanding
														$65.5	<-12 mths	-56.29%
# of Share in Millions	29.273	36.240	36.299	38.678	46.102	53.055	66.058	66.839	67.039	67.039	72.940	72.967	82.661	82.661	82.661	82.661		8.58%	<-IRR #YR->	10	Shares	127.72%
Change	19.53%	23.80%	0.16%	6.55%	19.19%	15.08%	24.51%	1.18%	0.30%	0.00%	8.80%	0.04%	13.29%	0.00%	0.00%	0.00%		4.34%	<-IRR #YR->	5	Shares	23.67%
Cash Flow from Operations $M	$38.0	$26.2	$24.4	$48.2	$46.9	$46.9	$87.4	$85.9	$69.2	$98.5	$106.1	$126.7	$149.9	$65.5	<-12 mths			513.28%	<-Total Growth	10	Cash Flow
Increase	42.06%	-30.90%	-6.81%	97.30%	-2.81%	-0.01%	86.42%	-1.68%	-19.42%	42.29%	7.67%	19.45%	18.33%	-56.29%	<-12 mths			Why increase	decrease
5 year Running Average			$23.4	$32.7	$36.8	$38.5	$50.8	$63.1	$67.3	$77.6	$89.4	$97.3	$110.1	$109.4	<-12 mths			236.46%	<-Total Growth	10	CF 5 Yr Running
CFPS	$1.30	$0.72	$0.67	$1.25	$1.02	$0.88	$1.32	$1.29	$1.03	$1.47	$1.45	$1.74	$1.81	$0.79	<-12 mths			169.31%	<-Total Growth	10	Cash Flow per Share
Increase	18.85%	-44.19%	-6.96%	85.16%	-18.46%	-13.11%	49.72%	-2.82%	-19.66%	42.29%	-1.04%	19.40%	4.45%	-56.29%	<-12 mths			19.89%	<-IRR #YR->	10	Cash Flow	513.28%
5 year Running Average			$0.77	$1.01	$0.99	$0.91	$1.03	$1.15	$1.11	$1.20	$1.31	$1.40	$1.50	$1.45	<-12 mths			11.78%	<-IRR #YR->	5	Cash Flow	74.50%
P/CF on Med Price	9.39	16.16	18.94	12.81	15.96	20.31	12.83	14.03	13.85	10.13	9.07	6.51	8.02	22.47	<-12 mths			10.41%	<-IRR #YR->	10	Cash Flow per Share	169.31%
P/CF on Closing Price	9.68	15.78	20.77	12.94	16.03	20.62	11.90	11.87	13.69	10.23	7.49	6.62	8.61	26.14	<-12 mths			7.13%	<-IRR #YR->	5	Cash Flow per Share	41.10%
															103.90%	Diff M/C		6.87%	<-IRR #YR->	10	CFPS 5 yr Running	94.29%
														$145.93	<-12 mths	-8.64%
Excl.Working Capital CF	$3.3	$15.1	$33.2	$18.9	$25.7	$31.7	$33.0	$45.5	$104.4	$122.8	$84.9	$25.3	$9.8	$0.0	<-12 mths			5.46%	<-IRR #YR->	5	CFPS 5 yr Running	30.43%
Cash Flow from Operations $M WC	$41.3	$41.3	$57.7	$67.1	$72.6	$78.5	$120.3	$131.5	$173.7	$221.3	$190.9	$152.0	$159.7	$65.5	<-12 mths			176.94%	<-Total Growth	10	Cash Flow less WC
Increase	34.81%	0.14%	39.53%	16.34%	8.18%	8.21%	53.22%	9.24%	32.11%	27.44%	-13.72%	-20.40%	5.09%	-58.97%	<-12 mths			10.72%	<-IRR #YR->	10	Cash Flow less WC	176.94%
5 year Running Average			$36.4	$47.6	$56.0	$63.4	$79.3	$94.0	$115.3	$145.1	$167.5	$173.9	$179.5	$157.9	<-12 mths			3.97%	<-IRR #YR->	5	Cash Flow less WC	21.51%
CFPS Excl. WC	$1.41	$1.14	$1.59	$1.73	$1.57	$1.48	$1.82	$1.97	$2.59	$3.30	$2.62	$2.08	$1.93	$0.79	<-12 mths			17.29%	<-IRR #YR->	10	CF less WC 5 Yr Run	392.92%
Increase	12.78%	-19.11%	39.30%	9.18%	-9.24%	-5.98%	23.06%	7.96%	31.72%	27.44%	-20.70%	-20.43%	-7.23%	-58.97%	<-12 mths			13.81%	<-IRR #YR->	5	CF less WC 5 Yr Run	90.98%
5 year Running Average			$1.19	$1.42	$1.49	$1.50	$1.64	$1.72	$1.89	$2.23	$2.46	$2.51	$2.51	$2.15	<-12 mths			1.98%	<-IRR #YR->	10	CFPS - Less WC	21.61%
P/CF on Median Price	8.63	10.26	8.03	9.21	10.30	12.12	9.32	9.17	5.52	4.51	5.04	5.43	7.53	22.47	<-12 mths			-0.35%	<-IRR #YR->	5	CFPS - Less WC	-1.75%
P/CF on Closing Price	8.90	10.01	8.80	9.30	10.35	12.31	8.64	7.76	5.46	4.55	4.16	5.52	8.08	26.14	<-12 mths			7.73%	<-IRR #YR->	10	CFPS 5 yr Running	110.61%
*Operational Cash Flow.			CF/-WC	P/CF Med	10 yr	12.82	5 yr	9.07	P/CF Med	10 yr	8.35	5 yr	5.43		212.92%	Diff M/C		7.86%	<-IRR #YR->	5	CFPS 5 yr Running	46.01%
			-36.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	82.7								Shares
								-66.8	0.0	0.0	0.0	0.0	82.7								Shares
			-$24.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$149.9								Cash Flow
								-$85.9	$0.0	$0.0	$0.0	$0.0	$149.9								Cash Flow
			-$0.67	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.81								Cash Flow per Share
								-$1.29	$0.00	$0.00	$0.00	$0.00	$1.81								Cash Flow per Share
			-$0.77	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.50								CFPS 5 yr Running
								-$1.15	$0.00	$0.00	$0.00	$0.00	$1.50								CFPS 5 yr Running
			-$57.7	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$159.7								Cash Flow less WC
								-$131.5	$0.0	$0.0	$0.0	$0.0	$159.7								Cash Flow less WC
			-$36.4	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$179.5								CF less WC 5 Yr Run
								-$94.0	$0.0	$0.0	$0.0	$0.0	$179.5								CF less WC 5 Yr Run
			-$1.59	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.93								CFPS - Less WC
								-$1.97	$0.00	$0.00	$0.00	$0.00	$1.93								CFPS - Less WC
			-$1.19	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.51								CFPS 5 yr Running
								-$1.72	$0.00	$0.00	$0.00	$0.00	$2.51								CFPS 5 yr Running
Change in Working Capital
Acct Rec and other assets	-$1.167	$1.508	$0.547	-$2.014	$0.335	$0.203	-$3.313	-$1.918	-$4.423	-$2.614	$4.612	$2.887	-$2.300
Prepaid Expenses and Deposits	-$0.897	-$0.069	$1.926	-$0.219	-$2.332	-$0.253	-$2.030	$0.032	-$2.951	-$3.533	-$3.171	$3.669	-$2.644
Accts Pay and Accrued liab	$2.142	$7.294	$2.136	$3.247	$6.410	$7.146	$12.520	-$1.315	$12.157	$3.737	$1.938	$7.190	$14.597
Income Support	$1.450	$0.945	$1.072	$0.228	$0.600	$0.135	$0.865	$0.000
Gov Funding	-$4.900	-$2.566	-$0.062	$1.618	-$0.001	$1.467	$1.560	$1.794	-$71.659	-$97.216	-$53.981	$6.049	$25.730
Redemption Prem long Term Deb			-$18.415
Interest Paid		-$20.304	-$21.802	-$23.535	-$25.320	-$28.547	-$35.471	-$36.934	-$36.798	-$29.117	-$33.861	-$40.357	-$41.460
Net Settlement on Int Rate Swaps
Income Tax Paid/refunded	$0.059	-$1.912	$1.367	$1.807	-$5.400	-$11.820	-$7.090	-$7.200	-$0.762	$5.938	-$0.408	-$4.733	-$3.730
Gov't Assistance, Pandemic
Cash Used in Oper Act Disc. Operaiton
	-$3.313	-$15.104	-$33.231	-$18.868	-$25.708	-$31.669	-$32.959	-$45.541	-$104.436	-$122.805	-$84.871	-$25.295	-$9.807
TD			-$34	-$18	-$26	-$33	-$34	-$46	-$21	-$123	-$85	-$25	-$10
Difference			$1	-$1	$0	$1	$1	$0	-$83	$0	$0	$0	$0
Chge						-$32	-$33	-$46	-$104	-$123	-$87
Difference						$0	$0	$0	$0	$0	$2
Year						2022	2022	2022	2024	2024	2024
OPM Ratio	11.89%	7.42%	5.35%	10.26%	9.42%	8.41%	13.61%	12.83%	10.42%	14.74%	14.76%	16.13%	16.79%	6.46%				213.65%	<-Total Growth	10	OPM
Increase	29.08%	-37.56%	-27.92%	91.71%	-8.23%	-10.73%	61.94%	-5.75%	-18.75%	41.38%	0.17%	9.29%	4.05%	-61.50%					Should increase		or be stable.
Diff from Median	2.3%	-36.1%	-54.0%	-11.8%	-19.0%	-27.7%	17.1%	10.3%	-10.3%	26.8%	27.0%	38.8%	44.4%	-44.4%				0.14	<-Median->	10	OPM
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	11.63%	5 Yrs	14.74%					should be	zero, it is a		check on calculations
														$164	<-12 mths	-2.61%
Adjusted EBITDA	$43.00	$59.00	$78.66	$78.82	$93.14	$110.72	$144.16	$145.02	$111.09	$121.89	$113.24	$126.98	$168.09	$159.90	$196.90	$211.90		113.68%	<-Total Growth	10	Adjusted EBITDA	Fr EBITDA
Change	30.30%	37.21%	33.33%	0.20%	18.17%	18.88%	30.20%	0.59%	-23.39%	9.72%	-7.10%	12.13%	32.38%	-4.87%	23.14%			10.93%	<-Median->	10	Change	to Adj
Margin	13.47%	16.70%	17.22%	16.77%	18.71%	19.85%	22.46%	21.65%	16.72%	18.23%	15.76%	16.17%	18.82%	15.77%	16.96%			18.47%	<-Median->	10	Margin
Assets (Cash, Land, Building)	$457.09	$603.04	$596.23	$603.28	$764.24	$896.54	$1,144.58	$1,127.31	$1,175.94	$1,081.29	$1,046.39	$1,052.31	$1,132.09	$1,625.40				89.87%	<-Total Growth	10	Assets (Cash, Land, Building)	Type
Debt/Covering Assets	0.87	0.11	0.92	1.03	0.86	0.84	0.79	0.84	0.76	0.83	0.81	0.72	0.83	0.70				0.83	<-Median->	10	Debt/Covering Assets	Lg Term R
Long Term Debt	$398.02	$64.62	$546.79	$620.96	$658.38	$751.42	$902.24	$947.32	$896.92	$899.13	$851.87	$758.15	$940.11	$1,134.80				71.93%	<-Total Growth	10	Debt	Lg Term R A
Change	11.99%	-83.76%	746.11%	13.56%	6.03%	14.13%	20.07%	5.00%	-5.32%	0.25%	-5.26%	-11.00%	24.00%	20.71%				5.51%	<-Median->	10	Change	Intang/GW
Debt/Market Cap Ratio	1.08	0.16	1.08	0.99	0.88	0.78	0.87	0.93	0.95	0.89	1.07	0.90	0.73	0.66				0.90	<-Median->	10	Debt/Market Cap Ratio	Liquidity
Assets/Current Liabilities Ratio	10.55	10.91	6.94	11.00	6.96	7.89	8.04	11.46	6.33	6.98	4.99	3.33	4.79	4.39				6.97	<-Median->	10	Assets/Current Liabilities	Liq. + CF
Current Liabilities/Asset Ratio	0.09	0.09	0.14	0.09	0.14	0.13	0.12	0.09	0.16	0.14	0.20	0.30	0.21	0.23				0.14	<-Median->	10	Current Liabilities/Asset Ratio	Liq. + CF +D
Debt to Cash Flow (Years)	10.48	2.46	22.37	12.87	14.04	16.03	10.33	11.03	12.95	9.13	8.03	5.98	6.27	17.32				10.68	<-Median->	10	Debt to Cash Flow (Years)	Debt Ratio
																						Leverage
Intangibles	$95.49	$139.96	$125.73	$125.10	$202.16	$229.81	$266.37	$233.61	$201.80	$195.92	$192.29	$197.20	$195.94	$205.36				55.85%	<-Total Growth	10	Intangibles	D/E Ratio
Goodwill	$91.47	$98.80	$98.80	$98.80	$107.23	$121.65	$167.67	$168.00	$167.67	$167.67	$164.90	$164.90	$164.90	$164.35				66.90%	<-Total Growth	10	Goodwill
Total	$186.95	$238.76	$224.53	$223.91	$309.39	$351.46	$434.03	$401.60	$369.46	$363.58	$357.19	$362.10	$360.84	$369.71				60.71%	<-Total Growth	10	Total
Change	5.13%	27.71%	-5.96%	-0.28%	38.18%	13.60%	23.49%	-7.47%	-8.00%	-1.59%	-1.76%	1.38%	-0.35%	2.46%				-0.31%	<-Median->	10	Change
Intangible/Market Cap Ratio	0.51	0.58	0.44	0.36	0.41	0.36	0.42	0.39	0.39	0.36	0.45	0.43	0.28	0.22				0.39	<-Median->	10	Intangible/Market Cap Ratio
Current Assets	$30.9	$44.4	$51.8	$48.6	$50.6	$52.3	$54.3	$54.7	$143.6	$95.7	$83.8	$60.7	$164.9	$183.5				217.99%	<-Total Growth	10	Current Assets	Quick Ratio
Current Liabilities	$70.5	$89.5	$136.4	$86.5	$173.1	$176.8	$218.0	$147.7	$265.2	$230.5	$336.7	$508.5	$388.1	$534.9				184.51%	<-Total Growth	10	Current Liabilities
Liquidity Ratio	0.44	0.50	0.38	0.56	0.29	0.30	0.25	0.37	0.54	0.42	0.25	0.12	0.42	0.34				0.33	<-Median->	10	Ratio
Liq. with CF aft div	0.74	0.61	0.45	0.83	0.47	0.46	0.54	0.72	0.66	0.66	0.47	0.32	0.69	0.41				0.60	<-Median->	10	Ratio	Using div
Liq. with CF aft div (WC)	0.77	0.74	0.65	0.99	0.60	0.61	0.66	0.95	0.98	1.08	0.68	0.37	0.71	0.41				0.69	<-Median->	10	Ratio	paid in Cash
Liq. CF re  Inv+Div	0.17	0.16	0.31	-1.17	-0.22	0.02	-0.71	-3.79	0.43	-0.42	-1.01	-1.71	0.07	0.23				-0.42	<-Median->	5	Ratio
Curr Long Term Debt	$27.206	$34.079	$74.039	$18.838	$93.196	$47.185	$34.079	$44.447	$135.707	$51.150	$126.099	$248.496	$72.233	$198.548				$126.1	<-Median->	5	Ratio
Liquidity Less CLTD	0.71	0.80	0.83	0.72	0.63	0.40	0.30	0.53	1.11	0.53	0.40	0.23	0.52	0.55				0.52	<-Median->	5	Ratio
Liq. with CF aft div	1.04	0.86	0.81	0.99	0.87	0.60	0.62	0.93	1.13	0.80	0.68	0.57	0.82	0.60				0.80	<-Median->	5	Ratio
Liq. with CF aft div (WC)	1.09	1.05	1.16	1.18	1.09	0.79	0.76	1.23	1.68	1.31	0.99	0.65	0.84	0.60				1.04	<-Median->	10	Ratio
Assets	$744.1	$977.0	$946.8	$951.5	$1,204.2	$1,394.9	$1,753.2	$1,692.6	$1,678.1	$1,609.2	$1,680.4	$1,695.3	$1,859.8	$2,349.3				96.44%	<-Total Growth	10	Assets	Current R.
Liabilities	$539.9	$724.5	$747.6	$774.6	$904.0	$998.7	$1,185.5	$1,162.1	$1,230.7	$1,203.3	$1,245.7	$1,321.6	$1,379.1	$1,724.6				84.47%	<-Total Growth	10	Liabilities
Debt Ratio	1.38	1.35	1.27	1.23	1.33	1.40	1.48	1.46	1.36	1.34	1.35	1.28	1.35	1.36				1.35	<-Median->	10	Ratio
Book Value	204.16	252.49	199.18	176.88	300.21	396.20	567.65	530.49	447.44	405.85	434.69	373.77	480.72	624.65
NCI	0.00	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book Value	$204.2	$252.5	$199.2	$176.9	$300.2	$396.2	$567.7	$530.5	$447.4	$405.9	$434.7	$373.8	$480.7	$624.6	$624.6	$624.6		141.35%	<-Total Growth	10	Book Value
Book Value per share	$6.97	$6.97	$5.49	$4.57	$6.51	$7.47	$8.59	$7.94	$6.67	$6.05	$5.96	$5.12	$5.82	$7.56	$7.56	$7.56		5.98%	<-Total Growth	10	Book Value per Share
Increase	-5.65%	-0.10%	-21.24%	-16.66%	42.38%	14.69%	15.07%	-7.64%	-15.91%	-9.29%	-1.56%	-14.05%	13.53%	29.94%	0.00%	0.00%		23.89%	P/B Ratio		Current/Historical Median
P/B Ratio (Median)	1.75	1.68	2.32	3.49	2.49	2.40	1.97	2.27	2.14	2.46	2.21	2.21	2.50	2.36	0.00	0.00		2.21	P/B Ratio		Historical Median
P/B Ratio (Close)	1.80	1.64	2.55	3.53	2.50	2.44	1.83	1.92	2.12	2.48	1.83	2.24	2.69	2.74	2.74	2.74		0.58%	<-IRR #YR->	10	Book Value per Share	5.98%
Change	17.92%	-8.91%	55.55%	38.43%	-29.07%	-2.54%	-24.93%	4.97%	10.19%	17.19%	-26.33%	22.64%	19.74%	2.09%	0.00%	0.00%		-6.03%	<-IRR #YR->	5	Book Value per Share	-26.73%
Leverage (A/BK)	3.64	3.87	4.75	5.38	4.01	3.52	3.09	3.19	3.75	3.96	3.87	4.54	3.87	3.76				3.87	<-Median->	5	A/BV
Debt/Equity Ratio	2.64	2.87	3.75	4.38	3.01	2.52	2.09	2.19	2.75	2.96	2.87	3.54	2.87	2.76				2.87	<-Median->	5	Debt/Eq Ratio
Shareholders' Equity (Assets less Liabilities)									P/B Ratios	10 yr Med	2.34	5 yr Med	2.21		17.29%	Diff M/C		3.87	Historical		Leverage (A/BK)
			-$5.49	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.82
								-$7.94	$0.00	$0.00	$0.00	$0.00	$5.82
														$39.42	<-12 mths	2.65%
Total Comprehensive Income	-$9.13	-$8.00	-$21.28	$7.84	$12.11	$22.47	$10.56	$8.33	-$23.78	-$20.65	$10.67	$7.04	$38.40
NCI	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Shareholders	-$9.13	-$8.00	-$21.28	$7.84	$12.11	$22.47	$10.56	$8.33	-$23.78	-$20.65	$10.67	$7.04	$38.40					280.45%	<-Total Growth	10	Comprehensive Income
Increase	23.74%	12.44%	-166.09%	136.84%	54.46%	85.52%	-53.00%	-21.07%	-385.29%	13.16%	151.67%	-34.03%	445.65%					13.16%	<-Median->	5	Comprehensive Income
5 Yr Running Average			-$11	-$9	-$4	$3	$6	$12	$6	-$1	-$3	-$4	$2					#NUM!	<-IRR #YR->	10	Comprehensive Income	280.45%
ROE	-4.5%	-3.2%	-10.7%	4.4%	4.0%	5.7%	1.9%	1.6%	-5.3%	-5.1%	2.5%	1.9%	8.0%					35.74%	<-IRR #YR->	5	Comprehensive Income	360.80%
5Yr Median			-4.5%	-4.5%	-3.2%	4.0%	4.0%	4.0%	1.9%	1.6%	1.6%	1.6%	1.9%					#NUM!	<-IRR #YR->	10	5 Yr Running Average	121.43%
% Difference from Net Income	0.00%	14.77%	-34.35%	8.33%	7.10%	4.97%	7.06%	10.43%	2.90%	-200.00%	0.00%	0.00%	0.00%					-28.22%	<-IRR #YR->	5	5 Yr Running Average	-80.94%
Median Values										Diff	5, 10 yr	3.9%	0.0%					1.9%	<-Median->	5	Return on Equity
			$21.3	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$38.4
								-$8.3	$0.0	$0.0	$0.0	$0.0	$38.4
			$10.9	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$2.3
								-$12.3	$0.0	$0.0	$0.0	$0.0	$2.3
Current Liability Coverage Ratio	0.59	0.46	0.42	0.78	0.42	0.44	0.55	0.89	0.65	0.96	0.57	0.30	0.41	0.12							CFO / Current Liabilities
5 year Median	0.59	0.52	0.46	0.59	0.46	0.44	0.44	0.55	0.55	0.65	0.65	0.65	0.57	0.41				0.56	<-Median->	10	Current Liability Cov Ratio
Asset Efficiency Ratio	5.55%	4.23%	6.09%	7.05%	6.03%	5.63%	6.86%	7.77%	10.35%	13.75%	11.36%	8.97%	8.59%	2.79%							CFO / Total Assets
5 year Median	4.8%	4.5%	4.8%	5.5%	6.0%	6.0%	6.09%	6.86%	6.86%	7.77%	10.35%	10.35%	10.35%	8.97%				8.2%	<-Median->	10	Return on Assets
Return on Assets ROA	-1.23%	-0.96%	-1.67%	0.76%	0.94%	1.53%	0.56%	0.45%	-1.46%	1.28%	0.63%	0.42%	2.06%	1.69%				Net	Income/Assets		Return on Assets
5Yr Median			-1.23%	-1.23%	-0.96%	0.76%	0.76%	0.76%	0.56%	0.56%	0.56%	0.45%	0.63%	1.28%				0.7%	<-Median->	10	Asset Efficiency Ratio
Return on Equity ROE	-4.47%	-3.72%	-7.95%	4.09%	3.77%	5.40%	1.74%	1.42%	-5.47%	5.09%	2.45%	1.88%	7.99%	6.35%				Net Inc/	Shareholders' equity		Return on Equity
5Yr Median			-4.47%	-4.47%	-3.72%	3.77%	3.77%	3.77%	1.74%	1.74%	1.74%	1.88%	2.45%	5.09%				3.1%	<-Median->	10	Return on Equity
														$39.42	<-12 mths	2.65%
Net Income	-$9.13	-$9.38	-$15.84	$7.24	$11.48	$21.82	$9.86	$7.55	-$24.49	$20.65	$10.67	$7.04	$38.40
NCI	$0.00	$0.00	$0.00	$0.00	$0.18	$0.41	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Shareholders	-$9.13	-$9.38	-$15.84	$7.24	$11.31	$21.40	$9.86	$7.55	-$24.49	$20.65	$10.67	$7.04	$38.40	$39.7	$47.9			342.43%	<-Total Growth	10	Net Income	Alpha Sp
Increase	23.74%	-2.74%	-68.81%	145.69%	56.24%	89.28%	-53.92%	-23.48%	-424.46%	184.32%	-48.33%	-34.03%	445.65%	3.32%	20.83%			EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average			-$10.1	-$7.8	-$3.2	$2.9	$6.8	$11.5	$5.1	$7.0	$4.8	$4.3	$10.5	$23.3	$28.7			#NUM!	<-IRR #YR->	10	Net Income	342.43%
Operating Cash Flow	$38.0	$26.2	$24.4	$48.2	$46.9	$46.9	$87.4	$85.9	$69.2	$98.5	$106.1	$126.7	$149.9					38.46%	<-IRR #YR->	5	Net Income	408.85%
Investment Cash Flow	-$87.4	-$162.2	$4.0	-$16.1	-$92.5	-$143.8	-$327.6	-$5.8	-$8.8	-$18.0	-$134.7	-$74.0	-$116.5					#NUM!	<-IRR #YR->	10	5 Yr Running Average	203.57%
Total Accruals	$40.3	$126.5	-$44.3	-$24.9	$57.0	$118.4	$250.1	-$72.6	-$85.0	-$59.8	$39.3	-$45.7	$5.0					-1.84%	<-IRR #YR->	5	5 Yr Running Average	-8.87%
Total Assets	$744.1	$977.0	$946.8	$951.5	$1,204.2	$1,394.9	$1,753.2	$1,692.6	$1,678.1	$1,609.2	$1,680.4	$1,695.3	$1,859.8						Balance Sheet		Assets
Accruals Ratio	5.41%	12.95%	-4.68%	-2.62%	4.73%	8.49%	14.26%	-4.29%	-5.06%	-3.72%	2.34%	-2.69%	0.27%					-2.69%	<-Median->	5	Ratio
EPS/CF Ratio (WC)	-0.23	-0.27	-0.28	0.12	0.17	0.30	0.08	0.06	-0.14	0.09	0.06	0.05	0.26					0.09	<-Median->	10	EPS/CF Ratio
			$15.8	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$38.4
								-$7.5	$0.0	$0.0	$0.0	$0.0	$38.4
			$10.1	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$10.5
								-$11.5	$0.0	$0.0	$0.0	$0.0	$10.5
Change in Close	11.26%	-9.00%	22.50%	15.37%	0.99%	11.78%	-13.61%	-3.05%	-7.34%	6.29%	-27.48%	5.41%	35.94%	32.65%	0.00%	0.00%			Count	16	Years of data
up/down	down	down	down				down	down		up									Count	7	43.75%
Meet Prediction?		Yes					Yes	Yes										% right	Count	3	42.86%
Financial Cash Flow	$37.0	$142.3	-$15.1	-$34.8	$46.5	$74.3	$244.3	-$82.2	$14.4	-$147.1	$37.6	-$66.3	$69.3						C F Statement		Financial Cash Flow
Total Accruals	$3.3	-$15.8	-$29.3	$9.9	$10.5	$44.0	$5.8	$9.6	-$99.4	$87.3	$1.7	$20.7	-$64.4								Accruals
Accruals Ratio	0.44%	-1.61%	-3.09%	1.04%	0.87%	3.16%	0.33%	0.57%	-5.92%	5.42%	0.10%	1.22%	-3.46%					0.10%	<-Median->	5	Ratio
Cash	$9.5	$15.6	$29.0	$26.3	$27.2	$0.0	$22.9	$20.8	$95.7	$95.7	$38.1	$24.4	$127.2	$104.8							Cash
Cash per Share	$0.32	$0.43	$0.80	$0.68	$0.59	$0.00	$0.35	$0.31	$1.43	$1.43	$0.52	$0.33	$1.54	$1.27				$1.43	<-Median->	5	Cash per Share
Percentage of Stock Price	2.59%	3.77%	5.72%	4.22%	3.62%	0.00%	2.20%	2.04%	10.09%	9.50%	4.79%	2.91%	9.85%	6.12%				9.50%	<-Median->	5	% of Stock Price
Notes:
November 30, 2025.  Last estimates were for 2024, 2025 and 2026 of $880M, $970M, $1010M for Revenue, $1.30, $1.18 and $1.34 AFFO, $1.45, $1.31 and $1.40 OFFO,
$0.53, $0.57 2024/5 EPS, $0.94, $0.94, $0.94 Dividends, $128M, -$133M, $17M FCF, $155.7M,  $158.6M, $174M EBITDA, $378.7M, $41.6M Net Income.
December 6, 2024.  Last estimates were for 2023, 2024, 2025 of $767M, $777M, $785M Revenue, $1.02, $1.06, $1.15 AFFO,
$1.07, $1.13 and $1.23 FFO, $0.14, $0.27 2023/4 EPS, $0.94, $0.94, $0.94 Dividend, -$44<, -$10M, $5M FCF, $10.2, $19.7 2023/4 Net Income.
December 9, 2023.  Last estimates were for 2022, 2023 and 2024 of $717M, $738M and $754M for Revenue, $0.94, $1.12 and $1.24 for AFFO,
$0.96, $1.12 and $1.26 for FFO, $0.43, $0.51 and $0.56 for EPS, $0.94, $0.94 and $0.94 for Dividends, -$95M, -$2M and $4M for FCF, $28.7M, $33.9M and $37.6M for Net Income.
December 10, 2022.  Last estimates were for2021, 2022 and 2023 of $ 665M, $713M and $695M for Revenue, $1.12, $1.28 and $1.33 for AFFO,
$1.16, $1.27 and $1.33 for FFO, $1.13 and $1.23 for 2021/2 for EPS, $0.94, $0.95 and $0.95 for Dividends, -$96m, -$10mand -$6M for FCF,
December 12, 2021.  Last estimates were for 2020, 2021 and 2022 of $663M, $667M and $647M for Revenue, $1.01, $1.24 and $1.40 for AFFO,
$0.99, $1.20 and $1.37 for FFO, -$0.25 and $0.05 for EPS, $0.94, $0.95 and $0.95 for Dividends, $140M, $10M and -$5M for FCF.
December 20, 2020.  Last estimates were for 2019, 2020 and 2021 of $666M, $677M and $684M for Revenue, $1.45, $1.47 and $1.53 for AFFO,
$1.37, $1.42 and $1.48 for FFO, $0.93, $0.94 and $0.96 for Dividends.
In 2015  Leisureworld Senior Care Corpoation changed it name to Sienne Senior Living.
In March 2005 Macquarie Bank acquired the company and held an IPO on the TSX in 2010.
In 1972, Leisureworld Senior Care Corporation was founded.
Sector:
Health Care, Consumer
What should this stock accomplish?
Would I buy this company and Why.
Why am I following this stock.
When I looked in Stock Chase about Chartwell, Greg Newman; Director & Portfolio Manager, Scotia Wealth Management said he liked Sienna Senior Living Better, so I investigated it.
Why I bought this stock.
Dividends
Dividends are paid Monthly.  Dividends are declared in one month for shareholders of record of the same month and paid in the next month.
For example, the dividends declared on 15 July 2019  was for shareholders of record of July 31, 2019 paid on August 15, 2019.
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers
For employees
For community
For investors
How they make their money.
Sienna Senior Living Inc is an owner of seniors' housing, a licensed long-term care operator in Ontario, and a provider of services across the full
continuum of care. The firm operates solely within Canada.
Shares; '%, Value $M		Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M		Update this each year??	Change
Date			2018	Aug 18	2019	Dec 20	2020	Dec 12	2021	Dec 10	2022	Dec 10	2022	Dec 6	2024			Nov 30	2025
Jain, Nitin		0.015	0.02%	0.015	0.02%	0.015	0.02%	0.015	0.02%	0.015	0.02%	0.015	0.02%	0.015	0.02%			0.015	0.02%		Was CFO, CEO 2020	0.00%
CEO - Shares - Amount			$0.230		$0.225		$0.210		$0.225		$0.164		$0.175		$0.239				$0.318
Options - percentage		0.023	0.04%	0.034	0.05%	0.047	0.07%	0.074	0.11%	0.114	0.16%	0.183	0.25%	0.245	0.30%			0.270	0.33%			10.18%
Options - amount			$0.367		$0.516		$0.659		$1.111		$1.238		$2.106		$3.834				$5.603
Cormack, Lois		0.113	0.17%	0.118	0.18%
CEO - Shares - Amount			$1.781		$1.799
Options - percentage		0.106	0.16%	0.162	0.24%
Options - amount			$1.663		$2.478
Hon Karen						0.000	0.00%	0.000	0.00%												cannot find 2020
CFO - Shares - Amount							$0.000		$0.000
Options - percentage						0.000	0.00%	0.006	0.01%
Options - amount							$0.000		$0.093
Hung, David Kar Ho						0.004	0.01%	0.004	0.01%	0.004	0.00%	0.005	0.01%	0.005	0.01%			0.006	0.01%		Named CFO in 2022	7.86%
CFO - Shares - Amount							$0.050		$0.053		$0.039		$0.052		$0.082				$0.117		Used to be officer
Options - percentage						0.000	0.00%	0.008	0.01%	0.025	0.03%	0.054	0.07%	0.074	0.09%			0.089	0.11%			19.74%
Options - amount							$0.000		$0.121		$0.272		$0.617		$1.155				$1.835
Anderson, Jennifer Catherine								0.000	0.00%	0.000	0.00%	0.001	0.00%	0.001	0.00%			0.002	0.00%			41.96%
Officer - Shares - Amount									$0.000		$0.002		$0.009		$0.023				$0.043
Options - percentage								0.003	0.00%	0.014	0.02%	0.032	0.04%	0.047	0.06%			0.050	0.06%			5.73%
Options - amount									$0.048		$0.156		$0.368		$0.733				$1.028
Lugowski, Mark A.										0.001	0.00%	0.001	0.00%								ceased insider Feb 2024
Officer - Shares - Amount											$0.007		$0.007
Options - percentage										0.029	0.04%	0.036	0.05%
Options - amount											$0.314		$0.416
Boniferro, Paul										0.005	0.01%	0.005	0.01%	0.005	0.01%			0.005	0.01%			0.48%
Director - Shares - Amount											$0.055		$0.057		$0.078				$0.104
Options - percentage										0.003	0.00%	0.008	0.01%	0.012	0.01%			0.016	0.02%			33.31%
Options - amount											$0.029		$0.087		$0.186				$0.329
Jourdain Coleman, Paula		0.000	0.00%	0.243	0.36%	0.321	0.48%	0.191	0.28%	0.209	0.29%	0.209	0.29%								Ceased insider Jan 2024
Director - Shares - Amount			$0.000		$3.711		$4.542		$2.869		$2.280		$2.404
Options - percentage		0.000	0.00%	0.021	0.03%	0.028	0.04%	0.034	0.05%	0.040	0.05%	0.047	0.06%
Options - amount			$0.000		$0.328		$0.398		$0.507		$0.432		$0.544
Cody, Gina Parvaneh												0.010	0.01%	0.010	0.01%			0.010	0.01%			0.48%
Director - Shares - Amount													$0.110		$0.150				$0.200
Options - percentage												0.012	0.02%	0.021	0.03%			0.030	0.04%			44.24%
Options - amount													$0.141		$0.326				$0.623
Jamieson, Shelly								0.005	0.01%	0.005	0.01%	0.005	0.01%	0.005	0.01%			0.005	0.01%		Chair named 2022	0.00%
Chairman - Shares - Amt									$0.075		$0.055		$0.057		$0.078				$0.104
Options - percentage								0.000	0.00%	0.004	0.01%	0.014	0.02%	0.014	0.02%			0.030	0.04%			118.26%
Options - amount									$0.000		$0.043		$0.158		$0.215				$0.621
Chiesa, Dino		0.019	0.03%	0.019	0.03%	0.026	0.04%	0.026	0.04%
Chairman - Shares - Amt			$0.291		$0.282		$0.368		$0.391
Options - percentage		0.151	0.23%	0.169	0.25%	0.196	0.29%	0.226	0.34%
Options - amount			$2.382		$2.580		$2.766		$3.403
Increase in O/S Shares		0.012	0.02%	0.014	0.02%	0.000	0.00%	0.000	0.00%	0.000	0.00%	0.151	0.21%	0.027	0.04%			0.033	0.04%		0 in 2020, 21, 22
Due to Stock Options			$0.189		$0.216		$0.000		$0.000		$0.000		$1.644		$0.313				$0.510		soar program
Book Value			$0.067		$0.076		$0.070		$0.072		$0.000		$2.125		$0.306				$0.471
Insider Buying			-$0.137		-$0.074		-$1.146		-$0.288		-$0.216		$0.000		$0.000				$0.000		no buying, selling 2023/4/5
Insider Selling			$0.816		$2.884		$0.000		$2.006		$0.000		$0.000		$0.000				$0.000
Net Insider Selling			$0.678		$2.810		-$1.146		$1.718		-$0.216		$0.000		$0.000				$0.000
Net Selling % of Market Cap			0.07%		0.28%		-0.12%		0.17%		-0.03%		0.00%		0.00%				0.00%
Directors				7		7		7		7		8		7				7
Women				3	43%	2	29%	2	29%	3	43%	4	50%	3	43%			3	43%
Minorities				0	0%	1	14%	1	14%	1	14%	1	13%	1	14%			1	14%
Institutions/Holdings				58	18.39%	20	10.36%			20	11.39%	20	12.62%	20	15.11%			20	19.21%
Total Shares Held				12.210	18.27%	6.943	10.36%			8.303	11.38%	9.027	12.37%	12.481	15.10%			15.879	19.21%
Increase/Decrease 3 Mths				-0.021	-0.17%	-0.607	-8.04%			-0.153	-1.81%	-0.008	-0.09%	1.344	12.06%			0.308	1.98%
Starting No. of Shares				12.232		7.550				8.457		9.034		11.137				15.570
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