Chartwell Retirement Residences CSH.UN

TSX | Senior living
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Updated: 6 Nov 2026 Base analysis: 25 Aug 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Existing holdings can be retained for income exposure while new positions await occupancy confirmation in Q3.

Strong FFO growth and improved occupancy are balanced by high leverage and remaining net losses, supporting the hold signal.

Market sentiment Positive ↑
Trend: Improving

Analysts and the market react positively to the continued FFO growth and operational improvements.

Risk assessment Medium
Dilution: Medium Historical unit increases for acquisitions but strong liquidity
Jurisdiction: Low Operations solely in Canada
Execution: Low Twelve straight quarters of double-digit FFO growth

HOLD is the call. Positive is the market mood. Medium risk means some things can go wrong.

Latest change
  • 6 Nov 2026 — Results driven by one-off gain from divestments and strong FFO growth.
About the company

Chartwell Retirement Residences is Canada’s largest operator of senior housing. The company owns, operates and manages retirement residences and long-term care homes with a focus on private-pay residents. Operations are concentrated in Ontario, Quebec, British Columbia and Alberta.

Sector: Senior living
Type: Other
Next report (Q4)
1 Mar 2027
Catalysts
○
Q4 2026
Further divestments Medium
Bull case

Strong FFO growth, rising occupancy and portfolio optimization drive profitability toward positive net income.

Bear case

High leverage and interest costs plus dilution risk from continued acquisitions limit upside.

Sensitivity analysis
Factor If it weakens If it strengthens
Occupancy rate Occupancy below 94 % → slower NOI growth and delayed path to positive net income. Occupancy above 95 % → accelerated FFO growth and stronger cash flow for distributions.
FFO per unit Slower FFO growth → higher net debt/EBITDA and increased refinancing risk. Continued double-digit FFO growth → improved liquidity and lower dilution needs.
Why this signal

Strong FFO growth and improved occupancy are balanced by high leverage and remaining net losses, supporting the hold signal.

Recent news
  • Chartwell released Q3 2026 results on November 5 with property revenue of CAD 321 M, net income of CAD 115 M driven by one-off disposal gains, and FFO per unit up 25 % to CAD 0.30. Same-property NOI rose 14.1 % and occupancy reached 94.8 %. Liquidity stood at CAD 573 M and the company guides for 96 % occupancy in December.

Key figures

Revenue
Q3 2026
CAD 321M
Revenue TTM
TTM
CAD 1.2B
Net income
Q3 2026
CAD 115M
Cash
Q2 2026
CAD 38.1M
Total debt
Q2 2026
CAD 3.3B
Gross margin
Q2 2026
42.5%
Shares outstanding
Q3 2026
UNITS 331K
EPS
Q3 2026
CAD 347.63
Exchange
TSX
Sector
Senior living
Chartwell Retirement Residences CSH.UN
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.