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EXPLORER
State: 08.08.2025 | 8PM
Thu, 27.02.2025       Chartwell Retirement Residences
CA16141A1030

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.
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