Canada's Chartwell Q2 property revenue, FFO per unit rise

Chartwell Retirement Residences

06/08/2026 22:26

Overview
Canada seniors housing operator's Q2 property revenue rose 19.5% yr/yr
Q2 funds from operations per unit grew 16.7% yr/yr
Net loss for Q2 narrowed from prior year due to higher revenue and impairment reversal

Outlook
Chartwell expects to achieve full-year average occupancy target of 95%
Company anticipates continued strong leasing activity supported by industry supply and demand fundamentals

Result Drivers
OCCUPANCY GAINS - Higher weighted average occupancy rates contributed to increased revenue and net operating income
HIGHER RESIDENT REVENUE - Increased resident revenue per occupied suite supported growth in property revenue and operating income
PORTFOLIO OPTIMIZATION - Acquisitions, developments, and sale of non-core assets strengthened presence in key markets and supported income growth

Company press release: ID:nCNWHqN99a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
C$1.34 mln
 
Q2 Direct Property Operating Expenses
 
C$187.23 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Chartwell Retirement Residences is C$26.00, about 17.8% above its August 5 closing price of C$22.08
The stock recently traded at 63 times the next 12-month earnings vs. a P/E of 66 three months ago

Reuters Recommended Reads
Aug 4 - Canada's Sienna Senior Living Q2 revenue rises on acquisitions and occupancy growth
Aug 6 - Canada's Extendicare Q2 adjusted EBITDA rises on home health acquisitions
Aug 4 - PACS Group reports Q2 revenue beat on higher occupancy, raises outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)