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Chartwell Retirement Residences (TSE:CSH.UN)
TSX:CSH.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.01Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 3.58%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance, significant occupancy gains, and successful acquisitions, suggesting a positive outlook. However, challenges remain in competitive markets like Ottawa and in managing construction costs for new developments. Overall, the positive aspects significantly outweigh the negative ones.Company Guidance
During the Chartwell Retirement Residences Q1 2025 Financial Results Conference Call, CEO Vlad Volodarski reported a robust quarter with a 21.3% increase in same-property net operating income and a 400-basis point expansion in operating margin. The company achieved a 91.5% occupancy rate, reflecting a 110-basis point sequential increase, and projects this to rise to 92.2% by June 2025, with a target of 95% by year-end. Financially, Chartwell reported Q1 2025 net income of $33.2 million, a significant turnaround from a $2 million net loss in Q1 2024. Funds from operations (FFO) grew by 43.1% to $56.2 million year-over-year. The company also improved its leverage metrics, with an interest coverage ratio of 2.8x and a net debt-to-adjusted EBITDA ratio of 8.2x. Additionally, staffing agency costs were reduced by 50% compared to the previous year, contributing to the financial improvements. Looking forward, Chartwell plans to continue its focus on occupancy and cash flow growth, while also engaging in portfolio optimization and strategic acquisitions.Strong Operating and Financial Results
Q1 2025 saw a 400 basis points operating margin expansion and a 21.3% same-property net operating income growth, driven by increases in occupancy.
Sequential Occupancy Gain
Achieved a 110 basis points sequential quarter occupancy gain in the same-property portfolio, reaching 91.5% in Q1 2025, reversing historical seasonal trends of occupancy declines.
Significant Financial Improvements
Net income was $33.2 million in Q1 2025 compared to a net loss of $2 million in Q1 2024. FFO grew by 43.1% to $56.2 million.
Successful Acquisitions
Acquired several high-quality assets, including Chartwell Victoria Harbour and Chartwell Rosemont, adding critical mass in key regions like Vancouver Island and Montreal.
Reduction in Staffing Agency Costs
Reduced staffing agency costs by 50% in Q1 2025 compared to Q1 2024, now below pre-pandemic levels.
Portfolio Optimization
Repositioned the underperforming Duke of Devonshire residence by entering into a long-term lease with The Ottawa Hospital, improving asset utilization.
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
TSE:CSH.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | C$17.58 | C$18.22 | +3.64% |
Feb 27, 2025 | C$16.37 | C$16.65 | +1.71% |
Nov 14, 2024 | C$15.38 | C$15.62 | +1.56% |
Aug 08, 2024 | C$13.61 | C$13.78 | +1.25% |
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.
FAQ
When does Chartwell Retirement Residences (TSE:CSH.UN) report earnings?
Chartwell Retirement Residences (TSE:CSH.UN) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Chartwell Retirement Residences (TSE:CSH.UN) earnings time?
Chartwell Retirement Residences (TSE:CSH.UN) earnings time is at Aug 07, 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