Investing in Canadian Senior Housing Companies: Chartwell, Sienna, and Extendicare^*

Abstract This case study is designed to enhance students' analytical thinking skills by presenting broad financial and nonfinancial information on three publicly traded Canadian senior housing companies. The focus is on students' ability to use the provided financial data and ratios for assessing financial performance and performing a valuation analysis in the context of the senior housing sector. The case also discusses the financial impact of the COVID‐19 pandemic on the three companies, in addition to opportunities and risks for the sector going forward. The novelty of this case study also comes from the use of valuation methods that are not traditionally used in accounting‐based case studies. External accounting data are used to teach students about valuation methods that are more prominently used in the finance discipline.