Canada's Chartwell Q4 property revenue rises

Chartwell Retirement Residences

26/02/2026 22:26

Overview

Canada's senior housing operator reported Q4 property revenue up 33.8% yr/yr

Net income for Q4 rose due to higher property revenue and reversal of impairment expenses

Company announced a 2.0% increase in distributions, effective March 31, 2026

Outlook

Chartwell expects full-year average occupancy to reach 95% despite seasonal winter dip

Company continues portfolio optimization with strategic acquisitions and property sales

Chartwell pursuing new developments to support future growth aligned with strategic goals

Result Drivers

OCCUPANCY INCREASE - Weighted average same property occupancy increased 430 bps to 94.7% in Q4 2025, contributing to higher property revenue

COST MANAGEMENT - Higher adjusted NOI per occupied suite due to increased resident revenue and lower operating expenses per suite

Company press release: ID:nCNW7yk5pa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Resident Revenue
C$292.26 mln
Q4 Net Income
C$7.24 mln
Q4 Adjusted Direct Property Operating Expenses
C$106.57 mln
Q4 Direct Property Operating Expenses
C$174.94 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$22.75, about 2.8% above its February 25 closing price of C$22.12

The stock recently traded at 74 times the next 12-month earnings vs. a P/E of 87 three months ago

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(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.)