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 > Occupancy update

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Post by pjn0987654321on Jun 15, 2023 8:52am

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Post# 35497681

Occupancy update

"To date in 2023, our same property permanent move in activity has exceeded the same periods in 2022 and the three-year pre-pandemic average by 12% and 8%, respectively. We expect to achieve continued occupancy recovery in 2023 and beyond, driven by the successful execution of our operating, marketing and sales strategies and supported by strong demand resulting from accelerating demographic growth, shortages of long term care beds and fewer senior housing construction starts."

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