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Chartwell Retirement Residences (CSH-UN) investor relations material

Chartwell Retirement Residences Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary8 Aug, 2025

Executive summary

  • Achieved eighth consecutive quarter of double-digit growth in same property adjusted NOI and FFO per unit, driven by strong occupancy gains and operational efficiencies.

  • Q2 2025 saw strong operational and financial performance, with significant gains in occupancy and adjusted NOI year-over-year.

  • Portfolio optimization and targeted acquisitions contributed to growth, with 27 properties and 7,612 suites added since 2024.

  • Resident revenue grew 41.4% year-over-year in Q2 2025, with same property occupancy up 490 bps to 91.9%.

  • Industry fundamentals remain favorable, with accelerating demand and constrained supply supporting future growth.

Financial highlights

  • Q2 2025 net loss was $5.7M, compared to $2.8M net loss in Q2 2024.

  • FFO grew 51.1% year-over-year to $67.6M ($0.24/unit); adjusted NOI up 20% to $74.0M.

  • Same property occupancy increased 490 bps to 91.9%; same property adjusted NOI up $12.3M or 20%.

  • Rolling 12-month revenue reached $1.1B, with adjusted EBITDA at $380M as of June 30, 2025.

  • Adjusted operating margin up 360 bps to 42.5% in Q2 2025.

Outlook and guidance

  • Forecasting 93.5% occupancy by September and on track for 95% by December 2025, supported by robust demand and limited new construction.

  • Market rate growth anticipated to remain strong due to supply constraints and demographic trends.

  • Margin expansion expected as properties stabilize above 90% occupancy, with incremental revenue largely dropping to the bottom line.

  • Continued focus on sales execution, asset high-grading, and leveraging supportive macroeconomic trends to drive occupancy and revenue.

  • Positive operating environment expected, driven by demographic trends and slow new construction.

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Frequently asked questions

Chartwell Retirement Residences operates a portfolio of senior housing communities in Canada. The company offers independent living, assisted living, and long-term care services. It focuses on enhancing the quality of life for older adults through residential care and support services. The company is headquartered in Mississauga, Canada, and its shares are listed on the TSX.

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