The earnings call highlighted significant financial growth, strategic acquisitions, and successful cost reduction measures, suggesting a positive outlook. However, challenges such as a decrease in net income from the previous year, low occupancy in a recent acquisition, and reliance on incentives for occupancy growth were noted.

Company Guidance

During the Chartwell Retirement Residences Q3 2024 earnings call, the management discussed several metrics highlighting their strong operating and financial performance. The same-property portfolio occupancy increased by 610 basis points, leading to a 17.1% growth in Net Operating Income (NOI) and a 200 basis points expansion in adjusted operating margin, which contributed to a robust 43.2% growth in Funds From Operations (FFO). The team also exceeded their 2025 employee engagement target with a score of 57% and nearly met their resident satisfaction goal with a 66% score. They forecasted December 2024 same-property occupancy to reach 90.2%, aiming for a strategic objective of 95% by 2025. The record year of transactional activity to date involved $1.2 billion in transactions, with plans to further optimize the portfolio. Additionally, staffing agency costs were reduced by 43% year-over-year, while liquidity as of November 14, 2024, stood at approximately $401.3 million. These efforts underscore Chartwell's commitment to enhancing operational efficiency and strategic growth.

Strong Financial Performance

In Q3 2024, Chartwell Retirement Residences increased occupancy in the same-property portfolio by 610 basis points, grew NOI by 17.1%, and achieved a 200 basis points expansion in adjusted operating margin, driving a strong 43.2% growth in FFO.

Employee and Resident Satisfaction

The 2024 employee engagement score of 57% exceeded the 2025 target of 55%, and the resident satisfaction score of 66% was within 1 percentage point of the 2025 target.

Successful Acquisitions

Chartwell announced transactions valued at over $1.2 billion, adding newer, high-quality properties to the portfolio. Acquisitions in Quebec and Vancouver Island were highlighted as strategic additions.

Cost Reduction Achievements

Staffing agency costs were reduced by 43% in Q3 2024 compared to Q3 2023 and by 56% year-to-date.

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Chartwell Retirement Residences (TSE:CSH.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:CSH.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 09, 2018	2018 (Q2)	- / 0.03	0.032	3.13% (<+0.01)	―	―
Nov 08, 2018	2018 (Q3)	- / 0.04	0.052	-17.31% (>-0.01)	―	―
Mar 01, 2019	2018 (Q4)	- / -0.06	0.004	-1625.00% (-0.07)	―	―
May 09, 2019	2019 (Q1)	- / 0.07	0.073	-4.11% (>-0.01)	―	―
Aug 08, 2019	2019 (Q2)	- / >-0.01	0.033	-121.21% (-0.04)	―	―
Nov 07, 2019	2019 (Q3)	- / >-0.01	0.043	-109.30% (-0.05)	―	―
Feb 27, 2020	2019 (Q4)	- / -0.05	-0.061	13.11% (<+0.01)	―	―
May 07, 2020	2020 (Q1)	- / 0.05	0.07	-25.71% (-0.02)	―	―
Aug 06, 2020	2020 (Q2)	- / >-0.01	-0.007	-28.57% (>-0.01)	―	―
Nov 06, 2020	2020 (Q3)	- / -0.03	-0.004	-675.00% (-0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:CSH.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 14, 2024	C$15.62	C$15.86	+1.54%
Aug 08, 2024	C$13.82	C$13.98	+1.16%
May 09, 2024	C$12.44	C$12.31	-1.05%
Mar 07, 2024	C$11.87	C$11.74	-1.10%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Chartwell Retirement (TSE:CSH.UN) report earnings?

Chartwell Retirement (TSE:CSH.UN) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.

What is Chartwell Retirement (TSE:CSH.UN) earnings time?

Chartwell Retirement (TSE:CSH.UN) earnings time is at Feb 27, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:CSH.UN EPS forecast?

Currently, no data Available

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