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Chartwell Retirement Residences (T:CSH.UN)

Business Focus: Healthcare REITs

Sector:  Real Estate Industry:  Specialized REITs
 
Company Contact
Address: 7070 Derrycrest Drive
MISSISSAUGA ON L5W 0G5
Tel: N/A
Website: https://chartwell.com
IR: See website
Key People
Karen Sullivan
President, Chief Operating Officer
Vlad Volodarski
Chief Executive Officer, Non-Independent Trustee
Jeffrey Brown
Chief Financial Officer
Jonathan Boulakia
Chief Investment Officer, Chief Legal Officer, Secretary
   
Business Overview
Chartwell Retirement Residences is a Canada-based open-ended real estate trust. The Company is engaged in the business of serving and caring for Canada's seniors. The Company owns and operates a range of seniors housing residences, from independent supportive living through assisted living to long term care. The Company operates through the Retirement Operations segment. It provides resident services and care in settings, such as independent living apartments (IL), independent supportive living-apartments (ISLA), independent supportive living-suites (ISLS), assisted living (AL), and long term care (LTC), among others. The Company's portfolio groupings are the same property; acquisitions and development; and dispositions and repositioning. Its Retirement Operations property portfolio includes Western Canada, Ontario, Quebec, and others. The Company serves over 25,000 residents in four provinces across the country.
Financial Overview
For the fiscal year ended 31 December 2023, Chartwell Retirement Residences revenues increased 4% to C$738.6M. Net loss before extraordinary items totaled C$60.9M vs. income of C$27.4M. Revenues reflect Retirement Operations segment increase of 10% to C$814.1M, FFO per Share (Basic) increase of 19% to C$0.51. Net loss reflects Net gain on disposal of assets decrease of 83% to C$12.1M (income). Dividend per share remained flat at C$0.61.
Employees: 11,452 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $4,986M as of Dec 31, 2023
Annual revenue (TTM): $738.55M as of Dec 31, 2023
EBITDA (TTM): $214.99M as of Dec 31, 2023
Net annual income (TTM): -$60.94M as of Dec 31, 2023
Free cash flow (TTM): -$81.80M as of Dec 31, 2023
Net Debt Last Fiscal Year: $2,002M as of Dec 31, 2023
Shares outstanding: 243,003,875 as of Mar 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization