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.The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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