Canada · Delayed Price · Currency is CAD Chartwell Retirement Residences Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong occupancy gains, 52% FFO growth, and major acquisitions, with liquidity at CAD 581.6 million and a credit rating upgrade. Strategic partnerships and asset optimization continue to drive performance and future growth.
Fiscal Year 2025
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Achieved record occupancy and strong financial growth in 2025, with FFO up 40.8% year-over-year and significant portfolio expansion. Guidance targets continued margin expansion, robust rent growth, and disciplined acquisitions and dispositions through 2028.
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A refreshed strategy targets robust FFO per unit growth, high occupancy, and market-leading NOI through portfolio optimization, digital transformation, and a culture centered on resident experience and innovation. Capital deployment is disciplined, with a focus on sustainability and prudent leverage.
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Reported ninth straight quarter of double-digit same-property NOI and FFO growth, with strong leasing, high occupancy, and over CAD 1 billion in acquisitions. Outlook remains positive, with further rent growth, distribution increases, and portfolio optimization planned.
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Q2 2025 saw double-digit NOI and FFO growth, with occupancy gains across all regions and robust acquisition activity. Liquidity and leverage improved, and the outlook remains strong due to demographic demand and limited new supply.
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Q1 2025 saw strong financial and operational performance, with net income of CAD 33.2 million, FFO up 43.1%, and same property occupancy rising to 91.5%. Strategic acquisitions, margin expansion, and reduced agency costs position the business for continued growth amid robust sector demand.
Fiscal Year 2024
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2024 saw strong occupancy and NOI growth, record acquisition activity, and significant cost efficiencies. Guidance for 2025 includes further occupancy gains, 4% rent growth, and margin expansion, with continued portfolio optimization and prudent capital management.
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Q3 2024 saw robust occupancy and NOI growth, with FFO up 43.2% year-over-year and strong progress on strategic objectives. Over CAD 1.2 billion in transactions were announced, focusing on high-quality acquisitions and non-core divestitures. Same property occupancy is forecast to reach 90.2% by year-end.
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Q2 2024 saw improved financial performance with a reduced net loss, strong FFO growth, and significant occupancy gains across all regions. Strategic acquisitions and disciplined cost management support a positive outlook, with further margin expansion expected as occupancy rises.