Chartwell Retirement Residences T.CSH.UN

Alternate Symbol(s): CWSRF

Healthcare

Chartwell Retirement Residences is a Canada-based open-ended real estate trust. The Company is engaged in the business of serving and caring for Canada’s seniors. The Company owns and operates a range of seniors housing residences, from independent supportive living through assisted living to long term care. The Company operates through the Retirement Operations segment. It provides resident services and care in settings, such as independent living apartments (IL), independent supportive living-apartments (ISLA), independent supportive living-suites (ISLS), assisted living (AL), and long term care (LTC), among others. The Company’s portfolio groupings are the same property; acquisitions and development; and dispositions and repositioning. Its Retirement Operations property portfolio includes Western Canada, Ontario, Quebec, and others. The Company serves over 25,000 residents in four provinces across the country.

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Chartwell Retirement Residences > Looking Up!

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Post by DanielDarden123on Mar 04, 2023 10:55am

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Post# 35319193

Looking Up!

Ordinarily I would not be interested because of its’ market cap but the opportunity in Oct. and Dec./22 was too compelling to ignore. Dominant CO’s. have more “might” when the going gets tough, as it was during Covid. The demographic tailwinds are just too strong as smaller entities struggle. Occupancy should improve as new supply is non-existent while rates are rising. CMHC financing is less onerous and provides a huge advantage.

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