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

Pays over 6%. There's upside in occupancy after a Covid dip around 80%. Trades at 12x FFO, too. You're paid to wait, but there's growth to come in occupancy.

WATCH

Parkland vs. Chartwell He's been looking at both. PKI just finished buying their Caribbean business; their fuel distribution chain continues to grow. PKI and ATD could see PE expansion. CSH is completely different, but this is stable and boasts demand. Same with PKI. CSH's shares have been struggling post-Covid, but this could be a long-term secular opportunity. CSH faces labour and inflation challenges. Both are interesting.

BUY

Likes the demographics in this industry, but CSH's occupancy is at 76% and needs to rise higher. She hopes 90%. It will take time, but there is minimal room/bed supply coming on stream in this space. Is holding on and still likes it.

TOP PICK

Attractive income opportunity. Occupancy, hit during pandemic, now trickling up. Good upside on development pipeline. Income stock with a reasonable growth profile. Yield is 5.66%. (Analysts’ price target is $13.21)

BUY

Her long-term view on this hasn't changed after Covid. CSH is now operating 100% retirement homes and no longer in long-term care units. Post-Covid, the supply/demand side of seniors homes has improved slowly. CSH occupancy is around 78% and pre-Covid was 90%. No reason why it can't return to 90%. Inflation pressures CSH but given their scale, they can deal with inflation. They kept their dividend during Covid and she hopes it increases.

PAST TOP PICK

(A Top Pick Mar 30/21, Up 12%) Great setup with the Silver Tsunami. Stabilization in occupancy since the pandemic. Now it's a show-me story, still lots of risk. Pandemic shut down construction. Sector has lots of value.

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TOP PICK

Chartwell is making the move because long-term care amounts to less than 10% of its overall business, while the retirement homes are contributing the lion's share of revenues. Those revenues enjoy the tailwind of aging demographics as more Canadians will be retiring in the future. (Again, CSH.UN is moving more into condo-like apartments for independent seniors and moving out of LTCs, which are like nursing homes subsidized by the government.)

BUY

LTC and retirement homes. Tremendous demographic growth profile. Very inexpensive valuations. A lot of US money is coming into the space. More supply will get built.

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TOP PICK

Russia/Ukraine and interest rate situation favours quality names like this. Trades at around 15X with growth rate of 16% and 5% yield. Defensive stock so should have pretty smooth ride with growth and distribution. Buy 6, Hold 1, Sell 0. (Analysts’ price target is $14.04)

BUY

Retirement space operator which has lost occupancy over the pandemic. However the sector does have pricing power and has been able to keep rates steady in spite of fluctuating occupancy. There is a good backdrop and the upside is good - it will take time.

BUY

She held it through Covid, because there's increasing demand driven by aging demographics. 90% of their earnings comes from private retirement homes, and only 10% from LTCs (nursing homes reimbursed by government). Occupancy should return to pre-Covid levels above 90% rebounding from 80%. They're starting to see recovery. Residents and employees are all vaccinated. The need for seniors' housing has not gone away.

BUY

CSH.UN vs. SIA Likes the industry because of the demographics. This name is her preference, as 90% revenue is from retirement homes and only 10% from LTC. This mix is better than SIA's. Occupancy rate declined during Covid to 78%. Returning to pre-pandemic levels will take time and be lumpy. Both companies have high vaccination rates. CSH.UN has a very attractive multiple. She's buying it with new client money.

WATCH

He's evaluating it. Down 25-30% from pre-pandemic levels. Need for its services. Concerned about its cost inflation. Labour shortages, putting upward pressure on prices. But the company can flow through these increases. Stock should at least take out its old high, and provide income along the way.

BUY

She's owned this for years and will continue to. During Covid, their occupancy rates dove obviously, but now she expects that to slowly recover--was 90%, now at 77%. She originally bought this for the need for long-term care for an aging population, and this trend hasn't changed. CSH operates 90% of its business in private seniors housing and only 10% LTC facilities. CSH handled the pandemic relatively well; vaccination rates for their residents and employees are high.

PAST TOP PICK

(A Top Pick Aug 21/20, Up 34%) It's been a tough year for them, given Covid. It's well-run and demographics favour it. However, their occupancy fell from 90% to 78-80% due to the pandemic. But occupancy is rebounding and they have a robust development pipeline. Pays a great yield and has sound fundamentals. Still a buy.

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Chartwell Retirement Residences (CSH.UN.TO)