PR Newswire
MISSISSAUGA, ON, Aug. 7, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today its results for the three and six months ended June 30, 2025.
Highlights
Resident revenue increased by $78.4 million or 41.4% in Q2 2025 compared to Q2 2024.Net loss was $5.7 million in Q2 2025 compared to $2.8 million in Q2 2024.Funds from operations ("FFO")(1) up 51.1% from Q2 2024.Same property adjusted net operating income ("NOI")(1) up 20.0% from Q2 2024.Same property adjusted operating margin(1) up 360 basis points ("bps") to 42.5% from Q2 2024.Weighted average same property occupancy up 490 bps to 91.9% from Q2 2024.Same property adjusted NOI per occupied suite ("NOIPOS")(1) up 13.4% on higher adjusted resident revenue per occupied suite ("REVPOS")(1) and lower direct property operating expense per occupied suite ("DOEPOS")(1) from Q2 2024.Completed over $0.7 billion of acquisitions in 2025 YTD, with further committed investments of $0.6 billion for completion in the remainder of 2025.MISSISSAUGA, ON, July 15, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on August 15, 2025 to unitholders of record on July 31, 2025.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at https://investors.chartwell.com or from a unitholder's investment advisor.
This news release constitutes a "designated news release" for the purposes of Chartwell Retirement Residences' prospectus supplement dated November 14, 2024, to its short form base shelf prospectus dated April 30, 2024.
MISSISSAUGA, ON, July 14, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) today announced a series of strategic investments that expand its footprint in the Quebec market and reinforce its leadership in the province's senior living sector. These include the acquisition of Les Tours Angrignon, a well-established continuum of care residence in LaSalle, Montréal, and two new development projects in the growing communities of Vaudreuil-Dorion and Terrebonne. Together, these initiatives mark a dynamic phase of growth as Chartwell continues to invest in attractive urban markets and respond to the increasing demand for high-quality retirement living.
MISSISSAUGA, ON, July 9, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) will issue its financial results for the three and six months ended June 30, 2025, on the afternoon of August 7, 2025. A conference call and webcast will be hosted by Chartwell on Friday, August 8, 2025, at 10:00 AM ET to discuss these results.
The telephone numbers to participate in the conference call are:Local: 416-340-2217Toll Free: 1-800-806-5484Passcode: 8467971#Please dial in at least 15 minutes before the call commences to register your participation in the Q&A. A slide presentation to accompany management's comments during the conference call will be available on the Investor Relations section of Chartwell's website. To access the presentation, please visit https://investors.chartwell.com/press-market-information/presentations-conference-calls.
MISSISSAUGA, ON, June 16, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on July 15, 2025 to unitholders of record on June 30, 2025.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at https://investors.chartwell.com or from a unitholder's investment advisor.
MISSISSAUGA, ON, May 15, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on June 16, 2025 to unitholders of record on May 30, 2025.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at https://investors.chartwell.com or from a unitholder's investment advisor.
MISSISSAUGA, ON, May 8, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today its results for the three months ended March 31, 2025.
Highlights
Resident revenue increased by $59.6 million or 32.4% in Q1 2025 compared to Q1 2024.Net income was $33.2 million in Q1 2025 compared to net loss of $2.0 million in Q1 2024.Funds from operations ("FFO")(1) up 43.1% from Q1 2024.Same property adjusted net operating income ("NOI")(1) up 21.3% from Q1 2024.Same property adjusted operating margin(1) up 400 basis points ("bps") to 40.8% from Q1 2024.Weighted average same property occupancy up 530 bps to 91.5% from Q1 2024.MISSISSAUGA, ON, May 8, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced that the nominees listed in the management information circular dated March 14, 2025 were elected as trustees of Chartwell, trustees of CSH Trust, and directors of Chartwell Master Care Corporation. The detailed results of the votes (i) for the election of directors and trustees; (ii) for the reappointment of KPMG LLP as auditors of Chartwell; and (iii) relating to executive compensation, held at Chartwell's Annual Meeting on Wednesday May 7, 2025 in Mississauga, are set out below.
MISSISSAUGA, ON, April 15, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on May 15, 2025 to unitholders of record on April 30, 2025.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at https://investors.chartwell.com or from a unitholder's investment advisor.
This news release constitutes a "designated news release" for the purposes of Chartwell Retirement Residences' prospectus supplement dated November 14, 2024 to its short form base shelf prospectus dated April 30, 2024.
MISSISSAUGA, ON, April 1, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today that it has acquired the 345 suite (of which 36 are care units) Résidence Le Florilège in Quebec City ("Le Florilège"). Located in the Beauport neighbourhood of Quebec City and built in 2022, Le Florilège is on a major arterial road directly across from the Beauport Golf Club and near retail shopping and services. Le Florilège is 97% occupied. The purchase price of $112.9 million before working capital adjustments and closing costs is being financed with cash and a $77.6 million loan maturing in 6 months and carrying an interest rate of Canadian Overnight Repo Rate Average ("CORRA") + 1.95%.
MISSISSAUGA, ON, April 1, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) will issue its financial results for the three months ended March 31, 2025, on the afternoon of May 8, 2025. A conference call and webcast will be hosted by Chartwell on Friday, May 9, 2025, at 10:00 AM ET to discuss these results.
The telephone numbers to participate in the conference call are:Local: 416-340-2217Toll Free: 1-800-806-5484Passcode: 5368824#Please dial in at least 15 minutes before the call commences to register your participation in the Q&A. A slide presentation to accompany management's comments during the conference call will be available on the Investor Relations section of Chartwell's website. To access the presentation, please visit https://investors.chartwell.com/press-market-information/presentations-conference-calls.
MISSISSAUGA, ON, March 17, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on April 15, 2025 to unitholders of record on March 31, 2025.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at https://investors.chartwell.com or from a unitholder's investment advisor.
MISSISSAUGA, ON, Feb. 27, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today its results for the fourth quarter and year ended December 31, 2024.
HighlightsResident revenue increased by $38.5 million or 21.4% in Q4 2024 compared to Q4 2023.Net income was $3.5 million in Q4 2024 compared to net loss of $13.2 million in Q4 2023.Funds from operations ("FFO")(1) up 46.9% from Q4 2023.Same property adjusted net operating income ("NOI")(1) up 14.4% from Q4 2023.Same property adjusted operating margin(1) up 150 basis points ("bps") to 37.2% from Q4 2023.Weighted average same property occupancy up 510 bps to 90.1% from Q4 2023.MISSISSAUGA, ON, Feb. 18, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on March 17, 2025 to unitholders of record on February 28, 2025.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at https://investors.chartwell.com or from a unitholder's investment advisor.
This news release constitutes a "designated news release" for the purposes of Chartwell Retirement Residences' prospectus supplement dated November 14, 2024 to its short form base shelf prospectus dated April 30, 2024.
MISSISSAUGA, ON, Feb. 3, 2025 /CNW/ - Chartwell Retirement Residences (TSX: CSH.UN) ("Chartwell") announced the closing of its transaction with Welltower Inc. ("Welltower"). As part of the transaction, Chartwell conveyed its interests in 23 co-owned residences (4,633 suites) to Welltower with management of these and two other managed properties (314 suites) transferred to a third-party manager ("Cogir") in exchange for cash and Welltower's interests in 16 residences (3,511 suites), all on terms consistent with those previously disclosed. Chartwell and Cogir worked collaboratively over an extended period of time to effect a smooth transition for the residents and employees of the 25 residences for which Cogir assumed management responsibilities.
MISSISSAUGA, ON, Jan. 17, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) will issue its financial results for the three months and year ended December 31, 2024, on the afternoon of February 27, 2025. A conference call and webcast will be hosted by Chartwell on Friday, February 28, 2025, at 10:00 AM ET to discuss these results.
The telephone numbers to participate in the conference call are:Local: 416-340-2217Toll Free: 1-800-806-5484Passcode: 5540514#Please dial in at least 15 minutes before the call commences to register your participation in the Q&A. A slide presentation to accompany management's comments during the conference call will be available on the Investor Relations section of Chartwell's website. To access the presentation, please visit https://investors.chartwell.com/press-market-information/presentations-conference-calls.
MISSISSAUGA, ON, Jan. 15, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on February 18, 2025 to unitholders of record on January 31, 2025.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at https://investors.chartwell.com or from a unitholder's investment advisor.
MISSISSAUGA, ON, January 6, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announces the appointment of Alka Gautam, CPA,CA, ICD.D to the Board of Directors.
Ms. Gautam brings to Chartwell expertise in leadership, operations, finance and risk management at the C-suite level of a Fortune 500 company, having spent over 20 years with Reinsurance Group of America ("RGA"), most recently as the Executive Vice President Global Operations, RGA and President and Chief Executive Officer of RGA Canada. Previously she held positions of Chief Financial and Chief Risk Officer of RGA Canada. She retired from RGA in 2023 and currently serves on the Board of Directors of iA Financial Corporation (TSX:IAG). Ms. Gautam is a qualified financial expert and holds CPA, CA Canada and ICD.D designations.
MISSISSAUGA, ON, Dec. 16, 2024 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on January 15, 2025 to unitholders of record on December 31, 2024.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at https://investors.chartwell.com or from a unitholder's investment advisor.
MISSISSAUGA, ON, Nov. 15, 2024 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on December 16, 2024 to unitholders of record on November 29, 2024.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at https://investors.chartwell.com or from a unitholder's investment advisor.
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