Chartwell Retirement Residences (TSE:CSH.UN) has released an update.
Chartwell Retirement Residences reported a significant improvement in their second quarter financial results of 2024, with a $21.4 million increase in resident revenue and a substantial 45.3% growth in Funds from Operations (FFO). The company also experienced a considerable reduction in net loss and an increase in same property occupancy, which is projected to reach 88.7% by September 2024.
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