Latest news with #ChartwellRetirementResidences'
Cision Canada
22-07-2025
- Business
- Cision Canada
Chartwell Grows Ontario Presence with the Acquisition of Six Retirement Communities
This news release constitutes a "designated news release" for the purposes of Chartwell Retirement Residences' prospectus supplement dated November 14, 2024, to its short form base shelf prospectus dated April 30, 2024. MISSISSAUGA, ON, July 22, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: today announced a strategic acquisition to expand its footprint in southwestern Ontario and capitalize on growing demand for high-quality retirement living in the region. The company has entered into a definitive agreement to purchase a portfolio of six senior housing communities totaling 1,024 suites across London, Waterloo, and Mississauga for a total purchase price of $432 million. "This acquisition represents a significant strategic expansion for Chartwell in southwestern Ontario, one of Canada's most dynamic and growing seniors housing markets," said Jonathan Boulakia, Chartwell's Chief Investment Officer. "These communities have been designed for active, independent older adults and align with our continued focus on quality, operational excellence, and long-term value creation. We are proud to welcome these residences to Chartwell as we continue to grow and serve more seniors with support and purpose." The portfolio is comprised of six purpose-built seniors' communities, featuring a mix of independent living suites, apartments, and townhomes. All residences are private pay and serve independent, low-acuity seniors. Highlighted assets include: Riverstone, London (built in 2021 and 2023) – 124 Retirement suites and 135 Seniors Apartments and Townhomes; part of a net-zero campus with extensive solar infrastructure. Richmond Woods, London (built in 2007 and 2010) – 130 Retirement suites and 112 Seniors Apartments and Townhomes with rich community amenities. Longworth, London (2001) – 126 Retirement suites in highly sought after residential neighbourhood with ample community greenspace. Dorchester Terrace, Dorchester (2017) – 123 Retirement suites with an additional 29 Townhomes in development expected to be completed by the vendor in Q4 2026. Westhill, Waterloo (built in 2012 and 2018) – 117 Retirement suites and 100 Seniors Apartments; offering modern amenities in a growing urban region. Erinview, Mississauga (2019) – 57 Retirement suites with potential for an additional 140 suites on excess land, currently leased to a third party. The acquisition price at closing will be $416.2M. The committed purchase price for the Dorchester Terrace Townhomes payable on construction completion expected in Q4 2026 will be $15.8M. The total purchase price of $432M represents approximately $422,000 per suite. The purchase price includes the excess land at the Erinview site, with potential to develop an additional 140 suites. The purchase price at closing will be settled by assuming in-place debt of $232.7M, majority CMHC-insured, and in part from proceeds of already planned 2025 CMHC financings of approximately $240M. The assumed in-place debt has a weighted average interest rate of 4.50% and weighted average maturity date of March 2045. Closing is expected in Q4 2025. TD Securities is acting as the exclusive financial advisor to the vendor of this portfolio. "This acquisition reflects our continuing execution on a disciplined investment strategy focused on high-quality residences in markets with strong demographics and long-term demand fundamentals," added Mr. Boulakia. "These communities not only enhance our portfolio with modern, purpose-built assets, but also provide a clear pathway for sustainable growth through asset optimization and targeted development opportunities." About Chartwell Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a range of seniors housing communities, from independent living through to assisted living and long term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country. For more information visit Forward-Looking Information This press release contains forward-looking information that reflects the current expectations, estimates and projections of management about the future results, performance, achievements, prospects or opportunities for Chartwell and the seniors housing industry. Forward-looking information can be generally identified by the use of words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions. Except as required by law, Chartwell does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason.
Yahoo
15-05-2025
- Business
- Yahoo
Why Chartwell Retirement Residences' (TSE:CSH.UN) Earnings Are Weaker Than They Seem
We didn't see Chartwell Retirement Residences' (TSE: stock surge when it reported robust earnings recently. We think that investors might be worried about the foundations the earnings are built on. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. In fact, Chartwell Retirement Residences increased the number of shares on issue by 16% over the last twelve months by issuing new shares. That means its earnings are split among a greater number of shares. To celebrate net income while ignoring dilution is like rejoicing because you have a single slice of a larger pizza, but ignoring the fact that the pizza is now cut into many more slices. Check out Chartwell Retirement Residences' historical EPS growth by clicking on this link. Chartwell Retirement Residences was losing money three years ago. And even focusing only on the last twelve months, we don't have a meaningful growth rate because it made a loss a year ago, too. What we do know is that while it's great to see a profit over the last twelve months, that profit would have been better, on a per share basis, if the company hadn't needed to issue shares. And so, you can see quite clearly that dilution is influencing shareholder earnings. If Chartwell Retirement Residences' EPS can grow over time then that drastically improves the chances of the share price moving in the same direction. But on the other hand, we'd be far less excited to learn profit (but not EPS) was improving. For that reason, you could say that EPS is more important that net income in the long run, assuming the goal is to assess whether a company's share price might grow. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Alongside that dilution, it's also important to note that Chartwell Retirement Residences' profit was boosted by unusual items worth CA$105m in the last twelve months. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And that's as you'd expect, given these boosts are described as 'unusual'. Chartwell Retirement Residences had a rather significant contribution from unusual items relative to its profit to March 2025. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be. In its last report Chartwell Retirement Residences benefitted from unusual items which boosted its profit, which could make the profit seem better than it really is on a sustainable basis. And furthermore, it went and issued plenty of new shares, ensuring that each shareholder (who did not tip more money in) now owns a smaller proportion of the company. Considering all this we'd argue Chartwell Retirement Residences' profits probably give an overly generous impression of its sustainable level of profitability. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Our analysis shows 4 warning signs for Chartwell Retirement Residences (1 is potentially serious!) and we strongly recommend you look at them before investing. Our examination of Chartwell Retirement Residences has focussed on certain factors that can make its earnings look better than they are. And, on that basis, we are somewhat skeptical. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
Chartwell Retirement Residences' (TSE:CSH.UN) investors will be pleased with their notable 41% return over the last year
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by picking market-beating companies to own shares in. To wit, the Chartwell Retirement Residences (TSE: share price is 35% higher than it was a year ago, much better than the market return of around 19% (not including dividends) in the same period. If it can keep that out-performance up over the long term, investors will do very well! It is also impressive that the stock is up 31% over three years, adding to the sense that it is a real winner. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. Check out our latest analysis for Chartwell Retirement Residences Given that Chartwell Retirement Residences only made minimal earnings in the last twelve months, we'll focus on revenue to gauge its business development. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue. Over the last twelve months, Chartwell Retirement Residences' revenue grew by 13%. That's not great considering the company is losing money. In keeping with the revenue growth, the share price gained 35% in that time. That's not a standout result, but it is solid - much like the level of revenue growth. Given the market doesn't seem too excited about the stock, a closer look at the financial data could pay off, if you can find indications of a stronger growth trend in the future. The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image). It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. You can see what analysts are predicting for Chartwell Retirement Residences in this interactive graph of future profit estimates. It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Chartwell Retirement Residences the TSR over the last 1 year was 41%, which is better than the share price return mentioned above. This is largely a result of its dividend payments! It's good to see that Chartwell Retirement Residences has rewarded shareholders with a total shareholder return of 41% in the last twelve months. Of course, that includes the dividend. That's better than the annualised return of 8% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 3 warning signs for Chartwell Retirement Residences (2 don't sit too well with us!) that you should be aware of before investing here. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
