Chartwell Q3 FFO per unit rises on higher occupancy, rate gains

Chartwell Retirement Residences

05/11/2026 22:18

Overview
Canada seniors housing operator's Q3 property revenue rose 16.7% year-over-year
Q3 FFO per unit grew 25% year-over-year
Net income swung to profit year-over-year, driven by gain on asset disposals

Outlook
Chartwell expects same property occupancy to reach 96% in December 2026
Company sees strong leasing activity and industry fundamentals supporting occupancy gains

Result Drivers
OCCUPANCY AND RATE GAINS - Co said higher occupancy and increased resident revenue per suite boosted same property NOI and margins
PORTFOLIO GROWTH AND OPTIMIZATION - Co attributed results to portfolio expansion, acquisitions, and asset sales
LOWER ADMINISTRATIVE COSTS - Decrease in G&A expenses contributed to FFO growth

Company press release: ID:nCNWpbBQza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
C$114.96 mln
 
Q3 Direct Property Operating Expenses
 
C$183.23 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$25.75, about 20.4% above its November 4 closing price of C$21.39
The stock recently traded at 79 times the next 12-month earnings vs. a P/E of 63 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.)