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                Canadian Apartment Properties Real Estate Investment Trust (CAR.UN $37.83)
    
        
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                InterRent Real Estate Investment Trust (IIP.UN $13.40)
    
        
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                Sienna Senior Living Inc. (SIA $19.08)
    
        
 
            Q: In your opinion, what  are the largest factors in preventing Sienna Senior Living from trading at higher multiples? Is there that much of a difference between the retirement home business and apartment reits? Apartment Reits seem to be trading at multiples in the 20s and above while, according to Scotia, SIA is trading at a 2019 FFO multiple of less than 14.
Thanks for your insight.
John
    Thanks for your insight.
John