Chartwell Retirement (TSE:CSH.UN) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Chartwell Retirement Residences reported a promising start to 2024 with a notable increase in resident revenue by $18.1 million and a significant reduction in net loss to $2 million, down from $9.3 million in the previous year. Funds from Operations soared by 61.2%, and occupancy rates climbed by 610 basis points, signaling a strong growth trajectory. The company’s CEO cites effective operations, sales, and marketing strategies as drivers for the continued positive outlook.
For further insights into TSE:CSH.UN stock, check out TipRanks’ Stock Analysis page.
