Chartwell Retirement Residences reports Q3 results

  • Chartwell Retirement Residences press launch (OTC:CWSRF): Q3 FFO per unit of C$0.20.
  • Resident income of C$207.9M (+19.9% Y/Y).
  • Web earnings was C$23.6M in comparison with C$158.2M in Q3 2023.
  • Similar property adjusted internet working earnings up 17.1% from Q3 2023.
  • Similar property adjusted working margin up 200 foundation factors from Q3 2023.
  • Weighted common similar property occupancy up 610 bps from Q3 2023 and anticipated to develop to 90.2% by December 2024.

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