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Chartwell Retirement (TSE:CSH.UN)
:CSH.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
>-0.01Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -5.10%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong operational and financial performance, with significant growth in occupancy, investments, and financial metrics. However, the decline in net income due to a previous year's one-time gain and higher finance costs, along with economic uncertainties, present challenges. Overall, the positive aspects of growth and operational success outweigh the concerns.Company Guidance
The guidance provided during the Chartwell Retirement Residences' Q4 2024 Financial Results Conference Call covered several key metrics and strategic focuses for 2025. Chartwell aims to achieve a 91.1% same-property occupancy by March 2025, with a long-term goal of reaching 95% occupancy by the year-end. The company expects rent and service rates to increase by approximately 4% in 2025, with same-property operating margins projected to grow to about 40%. Chartwell's net income for 2024 was $22.4 million, down from $128.3 million in 2023 due to a previous gain on the sale of long-term care assets. Despite this, FFO from continuing operations increased by 61.7%, and total FFO rose by 48.3% in 2024. The company reduced staffing agency costs by 60% through recruitment and retention activities and plans to continue optimizing its portfolio with strategic acquisitions and dispositions of non-core properties. With liquidity of approximately $283 million as of February 2025, Chartwell is well-positioned to pursue growth opportunities while maintaining a conservative debt leverage profile.Occupancy and Leasing Success
In Q4 2024, there was a positive net permanent move-ins of plus 689 units, helping mitigate the historical winter dip in occupancy. Same-property occupancy increased 590 basis points to 88% in 2024, and to 90.1% in Q4 2024.
Record Investment Activity
2024 was a record year for investments, with notable acquisitions including a 50% stake in a portfolio of five retirement residences in Quebec and an upscale 131-suite ISL retirement residence in Victoria, BC.
Financial Growth
FFO from continuing operations increased 61.7% and total FFO increased 48.3% in 2024 compared to 2023. Same-property adjusted NOI increased by $38.8 million or 18.9%.
Cost Efficiency
Staffing agency costs were reduced by 60% in 2024 compared to 2023, and G&A expenses were lower, contributing positively to net income.
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Chartwell Retirement Residences (TSE:CSH.UN) Earnings, Revenues Date & History
TSE:CSH.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CSH.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | C$16.47 | C$16.75 | +1.70% |
| Nov 14, 2024 | C$15.47 | C$15.71 | +1.55% |
| Aug 08, 2024 | C$13.69 | C$13.86 | +1.24% |
| May 09, 2024 | C$12.32 | C$12.20 | -0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chartwell Retirement (TSE:CSH.UN) report earnings?
Chartwell Retirement (TSE:CSH.UN) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Chartwell Retirement (TSE:CSH.UN) earnings time?
Chartwell Retirement (TSE:CSH.UN) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CSH.UN EPS forecast?
Currently, no data Available
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