Overview

* Chartwell Q2 2025 resident revenue rises 41.4%

* Q2 net loss widens to C$5.7 mln

* Funds from operations up 51.1% yr/yr, reflecting improved operational efficiency

* Co increases at-the-market equity program size to C$500 mln for future acquisitions

Outlook

* Chartwell expects occupancy to reach 93.5% by September 2025

* Company targets 95% occupancy by end of 2025

* Chartwell cites strong demand from senior population growth

* Company benefits from slowdown in new construction

Result Drivers

* OCCUPANCY GROWTH - Weighted average occupancy increased by 490 bps to 91.9%, contributing to higher resident revenue

* EFFICIENCY IMPROVEMENTS - Same property adjusted operating margin rose by 360 bps to 42.5%, reflecting enhanced operational efficiencies

* ACQUISITIONS - Completed over C$0.7 bln in acquisitions YTD 2025, with further C$0.6 bln committed for completion in 2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 C$268.03

Resident mln

Revenue

Q2 C$174.06

Adjusted mln

Resident

Revenue

Q2 Net -C$5.74

Income mln

Q2 C$100.10

Adjusted mln

Property

Operatin

g

Expenses

Q2 C$159.68

Property mln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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$20.50, about 12% above its August 7 closing price of C$18.04

* The stock recently traded at 106 times the next 12-month earnings vs. a P/E of 102 three months ago

Press Release:

(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.)