09:06 AM EST, 02/18/2025 (MT Newswires) -- Chartwell Retirement Residences (CSH-UN.TO) on Tuesday declared a monthly cash distribution of $0.051 per trust unit, payable on March 17 to unitholders of record on Feb. 28.

This latest distribution is unchanged from the prior month.

The company said it has seen "very robust" winter sales, resulting in higher January occupancy and a smaller seasonal dip than has been typical in previous years. The company expects this positive momentum including in initial contacts, personalized tour activity and high conversion rates to permanent move-ins to continue into the spring.

The company's shares closed down $0.11, or 0.7%, to $16.37 on Friday on the Toronto Stock Exchange.