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TSE:CSH.UN
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
Financials 
Technical Analysis 0
COMMENT
Really likes this one. Growing faster at about 10% versus the REIT sector of about 8% but trades at a discount to the REITs. REIT sector trades at about 17X forward AFFO while this one trades at around 13.5. 6% dividend is well supported. Have been doing a good job of shedding their non-core US assets and re-deploying the cash into core assets..
Greg NewmanOwned
property mngmntinvestment
TOP PICK
(Top Pick Jun 20/11, Up 12.05%) Occupancy is 90%. Refocused on what they were going to do in the states, selling some assets. Likes yield at 6%. Great vehicle for income and some capital growth. Beta is half the volatility of the TSX composite.
Christine PooleOwned
property mngmntinvestment
COMMENT
Largest publicly traded owner/operator of seniors housing in Canada. Have decided to consolidate into 4 core markets in the US to reduce their exposure. Recently sold a small portfolio of US assets. He would be a buyer under $9. He wants a 15% return on this one but if you are happy with a 10%-12% return you could buy these levels.
property mngmntinvestment
PAST TOP PICK
(A Top Pick June 20/11. Up 16.65%.) Largest Canadian in senior housing. Their facilities are assisted living independently so it is not funded by the government. High occupancy. Likes the demographics. There is very low penetration for seniors housing. They hope to increase this over time. Pulling back from the US market and refocusing on where they want to be. Increased their presence in Canada through Québec, which is good.
Christine PooleOwned
property mngmntinvestment
TOP PICK
Doing a major acquisition that they are sharing with a US group. When they put this together, 1) they are improving their overall structure 2) one of the few that have got it right for cost controls and 3) they are going to have a much bigger portfolio.
Charles DillinghamOwned
property mngmntinvestment
PAST TOP PICK
TOP PICK
Had been in the penalty box for quite a while because of the very aggressive management team with poor integration of assets. New management is much more operationally focused and cost conscious. Just acquired some high margin assets. 5.9% dividend yield.
Michele RobitailleOwned
property mngmntinvestment
PAST TOP PICK
(Top Pick Mar 28, 2011, Down 18.77) They are focusing more on Canada now. Nice yield. Would continue to hold it.
Christine PooleOwned
property mngmntinvestment
TOP PICK
Haven't been too great for a long time but they've got their focus. Have about 30% in the US. Have an affiliation with a manager who is going to manage a lot of their properties. They are negotiating for a portfolio owned by European group worth about $1 billion. Will probably be a big opportunity but could also be a challenge.
Charles DillinghamOwned
property mngmntinvestment
TOP PICK
Good yield at just under 7%. Also likes the demographics of their business. Penetration rate in Canada and the US is quite low. Refocusing their US strategy by selling some non-core assets and reinvesting in the 4 core states they want to be in.
Christine PooleOwned
property mngmntinvestment
TOP PICK
Very hard to make money on seniors housing but this is a group that is finally putting it together. 25% of their holdings is in the US, which came out with much better numbers than expected. Selling off a lot of units in the US and concentrating in 4 states. High yield.
Charles DillinghamOwned
property mngmntinvestment
TOP PICK
Doesn’t like seniors housing but this one is very cheap. Trading at around 14X free cash flow. Probably worth $8.50-$8.75.
Dennis Mitchell, CFAOwned
property mngmntinvestment
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