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Chartwell Retirement Residences
(TSX:CSH.UN)
Chartwell Retirement Residences (CSH.UN) vs. S&P 500 (SPY)
Chartwell Retirement Residences Business Overview & Revenue Model
Chartwell Retirement Residences Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 848.54M | 736.24M | 706.80M | 903.61M | 924.72M | Gross Profit |
| 339.36M | 272.87M | 242.10M | 273.89M | 302.22M | EBIT |
| 0.00 | 36.08M | 30.28M | 51.95M | 76.78M | EBITDA |
| 328.20M | 184.49M | 188.43M | 220.04M | 256.46M | Net Income Common Stockholders |
| 22.41M | 128.27M | 27.39M | 10.13M | 14.88M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 20.05M | 24.62M | 28.47M | 95.49M | 70.16M | Total Assets |
| 4.09B | 3.23B | 3.51B | 3.42B | 3.49B | Total Debt |
| 2.60B | 2.03B | 2.34B | 2.35B | 2.52B | Net Debt |
| 2.58B | 2.00B | 2.31B | 2.25B | 2.45B | Total Liabilities |
| 3.01B | 2.44B | 2.74B | 2.59B | 2.76B | Stockholders Equity |
| 1.07B | 791.46M | 769.80M | 826.11M | 733.98M |
| Cash Flow | Free Cash Flow | |||
| 93.58M | 28.18M | 26.35M | 40.98M | 52.23M | Operating Cash Flow |
| 200.85M | 157.43M | 137.71M | 156.32M | 184.62M | Investing Cash Flow |
| -652.99M | 78.94M | -165.61M | -36.49M | -62.19M | Financing Cash Flow |
| 447.57M | -240.21M | -39.11M | -94.51M | -75.16M |
Chartwell Retirement Residences Technical Analysis
Chartwell Retirement Residences Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$1.09B | 14.67 | 70.86% | 3.68% | 12.36% | 123.26% | |
63 Neutral | C$1.54B | 33.29 | 8.99% | 5.68% | 13.72% | 429.22% | |
61 Neutral | $4.44B | 16.16 | -3.31% | 11.40% | 5.81% | -21.40% | |
59 Neutral | C$4.71B | 196.86 | 2.36% | 3.65% | 15.38% | -84.98% | |
29 Underperform | C$53.32M | ― | -6.27% | 1.93% | -2.06% | 43.41% |
Chartwell Retirement Residences Earnings Call Summary
Chartwell Retirement Residences Corporate Events
Chartwell Retirement Residences has expanded its portfolio by acquiring two retirement residences, Résidence Le Florilège and Chartwell L’Envol, along with the remaining interest in Chartwell Trait-Carré, all located in Quebec City. These acquisitions, valued at over $247 million, are part of Chartwell’s strategy to enhance its presence in high-growth markets with high-quality, recently developed properties that boast strong occupancy rates. The integration of these properties is expected to be seamless, as they are already managed by Chartwell, and will contribute positively to the company’s portfolio quality and competitive positioning in the seniors housing industry.
Chartwell Retirement Residences announced it will release its first quarter 2025 financial results on May 8, 2025, followed by a conference call and webcast on May 9, 2025, to discuss the results. Additionally, Chartwell will hold its annual general meeting on May 7, 2025, both in person and virtually. These events are significant for stakeholders as they provide insights into the company’s financial health and strategic direction.
Chartwell Retirement Residences announced a cash distribution of $0.051 per Trust Unit, payable on April 15, 2025, with a Distribution Reinvestment Plan (DRIP) that allows unitholders to increase their ownership without fees. The company reported robust winter sales activity, leading to higher occupancy rates and expects continued positive momentum due to strong demand driven by demographic growth and a shortage of long-term care beds.
Chartwell Retirement Residences announced a $400 million offering of senior unsecured debentures, divided equally between Series E and Series F, with interest rates of 3.650% and 4.500%, maturing in 2028 and 2032, respectively. The proceeds are intended to repay existing debts and finance future acquisitions, potentially enhancing Chartwell’s financial flexibility and growth prospects in the senior housing market.
Chartwell Retirement Residences reported a significant financial turnaround in the fourth quarter of 2024, with a notable increase in resident revenue and a shift from a net loss to a net income. The company attributes its success to improvements in employee engagement, resident satisfaction, and operational efficiency, alongside strategic growth and optimization efforts. Chartwell’s CEO expressed confidence in sustaining strong performance through continued focus on operational excellence and capital management, positioning the company well for future growth.
Chartwell Retirement Residences announced a cash distribution of $0.051 per Trust Unit, payable on March 17, 2025, with the option for unitholders to participate in a Distribution Reinvestment Plan (DRIP) that includes a 3% bonus in units. Additionally, Chartwell reported higher than usual January occupancy rates due to strong winter sales activity, with expectations of continued positive momentum into the spring, indicating robust demand and potential growth in occupancy rates.
Chartwell Retirement Residences has completed a strategic transaction with Welltower Inc., transferring its interests in 23 co-owned residences to Welltower and management of 25 properties to Cogir. This move, in exchange for cash and Welltower’s interests in 16 residences, aims to ensure a smooth transition for residents and employees while potentially strengthening Chartwell’s market position.
Chartwell Retirement Residences announced the acquisition of Rosemont Les Quartiers, a retirement residence in Montreal, for $136 million. This strategic acquisition, expected to close in Q1 2025, enhances Chartwell’s Quebec platform and expands its presence in a prime urban location, offering significant value below replacement costs.
Chartwell Retirement Residences announced that it will release its financial results for the fourth quarter and year ending December 31, 2024, on February 27, 2025. The company will host a conference call and webcast on February 28, 2025, to discuss these results, providing stakeholders an opportunity to gain insights into its financial performance and strategic direction.
Chartwell Retirement Residences announced a cash distribution of $0.051 per Trust Unit, payable on February 18, 2025, to unitholders recorded by January 31, 2025. The company also offers a Distribution Reinvestment Plan (DRIP) that allows unitholders to reinvest their distributions into Trust Units with a 3% bonus, enhancing ownership without incurring additional fees. Additionally, Chartwell provided an update on its same property occupancy rates, which indicates the company’s focus on transparency and operational performance metrics.
Chartwell Retirement Residences has appointed Alka Gautam to its Board of Directors, bringing her extensive leadership, finance, and risk management experience from her tenure at Reinsurance Group of America. Gautam’s expertise is expected to significantly contribute to Chartwell’s strategic growth and evolution, particularly as she joins the Audit and Investment Committees, further strengthening the company’s governance and operations.