Chartwell Retirement Residences (CSH.UN.TO)…

Chartwell Retirement Residences (CSH.UN.TO)

19.35

-0.10 (0.51%)

as of Oct 9, 2026, 8:00:00 pm Market Open.

522 watching

BUY ON WEAKNESS

The retirement home space is growing in demand and this company has the market cornered. You want to be selective with how you enter the space. These interest rate sensitive stocks have all surged with the belief the interest rates may be softening. He would watch for a lower entry price.

PAST TOP PICK

(A Top Pick Apr 16/18, Up 3%) Has long owned this, really an income stock with a yield around 4%. She likes the aging demographic play of seniors' housing. They're the largest player in this space. They can grow by acqusition in Canada and aim for 95% occupancy (9)% now). Ontario penetration is only 5-6% of senior living in these homes--seniors are and will live longer.

TOP PICK

The leader in Canadian seniors housing, a fragmented sector so there's room for growth. CSH holds 10% of this market. She likes this sector for the aging demographics that will need more care. CSH has a good pipeline of projects. Occupancy is 91% and they target 95%. They have started to market their services. Top management. (Analysts’ price target is $16.65)

COMMENT

Chartwell vs Sienna She owns Chartwell and thinks both are in a growing sector -- senior housing. Sienna has a lower level of regulation, compared to Chartwell, due to the former's higher level of long term care facilities. Chartwell holds the largest market share in Canada -- giving them economies of scale. Chartwell's yield is just under 4% and they have a good pipeline to develop future growth.

HOLD

Good place to hide and collect the dividend. Not a growth company. Well run, the demographics are with you. Won't be an $18 stock anytime soon.

BUY

Very well managed company. Attractive space. We all live longer and there will be increasing demand for what they offer. They don't do any home care that is more open to potential liability. They have a good pipeline to grow over the next couple of years with an attractive distribution yield of around 4%. This is actually a good entry point for this stock.

BUY

63% and declining payout ratio. Distribution is safe. Q3 was decent. Rising occupancy. They see NOI of $3 which translates into an AFFO growth of 7%. Quality name. Fine to own. Good to add when the waterfall stops. Other things are less expensive.

PAST TOP PICK

(A Top Pick Dec 12/17, Down 2%) Pays over 4% yield. It slipped because of rising interest rates. They built somer supply in Ontario and Quebec, so occupancy in Ontario has temporarily slipped to 88% vs. 91% 18 months ago. The demand is definitely there to absorb these new rooms. She likes the play on aging demographics, so there'll be a growing need for seniors housing. CSH is well-positioned to grow in Canada and is the leader.

COMMENT

The market is struggling to decide what this is: a yield, a REIT, a cash flow play? The demographics are in their favour, but does this drive CSH enough or does it need an acquisition? He doesn't know. Good dividend, but he hasn't looked at CSH deeply.

BUY

Still likes it and has been buying it during this pullback. REITs have been pressured by rising rates, but she likes the seniors housing space. Managed well and pays an attractive 4.2% yield. A good long-term hold and would buy it here.

SELL

Bad news is costs elevated, more competitive pressure in retirement homes. Pricey. Balance sheet not perfect. Good news is decent growth rate, and good long-term area to be in. But much better value elsewhere. He’s trimmed to move into other areas. You have to buy things at the right price.

TOP PICK

This is the largest provider of senior communities. The demographics play in their favor. The 75-year-plus population is expected to double in the 20 next years, growing 3 to 4 times faster than the general population. Penetration of the seniors market is still low in Canada, so there is a lot of room for growth. 85% of their homes are private-pay rather than relying on government funding. Yield 4%. (Analysts’ price target is $16.75)

COMMENT

Extendicare (EXE-T) or Chartwell Retirement (CSH-U-T). Both are good long term holds. He prefers and owns Chartwell. Will see continued growth in this sector. There were shorts on Extendicare and the rebound lately has been a short covering.

DON'T BUY

PE ratio this high is a red flag on the surface. He’d be reluctant to own the high PE multiple in a sector where other companies have lower multiples. Own another one, or own a few to diversify. Can’t tell if high PE due to price too high, or a one-time hit to earnings.

DON'T BUY

Demographically, it’s a theme, but you have to ignore this. Had stayed away because of litigation in the US. Missed earnings. Difficult business because of labour costs, regulations. Other investments make sense and aren’t as complicated. Analysts have downgraded. Trades at an 18x multiple. If you’re going to buy, have to buy it washed out. (Analysts’ price target is $16.65.)

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Chartwell Retirement Residences (CSH.UN.TO)