Chartwell Seniors Housing
CSH.UN-T
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About Chartwell Seniors Housing (CSH.UN-T)
Chartwell Retirement Residences is the largest participant in the Canadian seniors housing sector, with nearly 180 locations across Quebec, Ontario, Alberta, and British Columbia.
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BUY
BUY
November 12, 2019
Pays a good yield (4.24%). The share price has pulled back, because they're facing more supply in Ontario which drove the occupancy rate to 87%. Management thinks occupancy has bottomed and will slowly rise. Long-term demand is there, despite this temporary over-build. Outside Ontario is doing well. Their cash flow should improve going forward as will their net operating income in 2020 by 3-4%.
Pays a good yield (4.24%). The share price has pulled back, because they're facing more supply in Ontario which drove the occupancy rate to 87%. Management thinks occupancy has bottomed and will slowly rise. Long-term demand is there, despite this temporary over-build. Outside Ontario is doing well. Their cash flow should improve going forward as will their net operating income in 2020 by 3-4%.
property mngmnt/investment
BUY
BUY
November 1, 2019
Has a decent growth of 5% with good dividends. They missed on Q2 with an elevated balance sheet but it is trading at a nice 15.4 times valuation. Longterm outlook is good with an aging population. The management team is executing well.
Has a decent growth of 5% with good dividends. They missed on Q2 with an elevated balance sheet but it is trading at a nice 15.4 times valuation. Longterm outlook is good with an aging population. The management team is executing well.
property mngmnt/investment
BUY
BUY
October 31, 2019
Excellent long-term hold. Hit this year. Great yield. Has been adding to her position.
Excellent long-term hold. Hit this year. Great yield. Has been adding to her position.
property mngmnt/investment
BUY
BUY
October 9, 2019
Stock appreciation and dividend growth coming? It's an income stock and has been rangebound this year. In Ontario, the occupancy rate has declined (too much supply). Demand will catch up to supply eventually. They're well-positioned in a good industry driven by demographics (an aging population). There's room to grow. They gradually increase their dividend (4%).
Stock appreciation and dividend growth coming? It's an income stock and has been rangebound this year. In Ontario, the occupancy rate has declined (too much supply). Demand will catch up to supply eventually. They're well-positioned in a good industry driven by demographics (an aging population). There's room to grow. They gradually increase their dividend (4%).
property mngmnt/investment
PAST TOP PICK
PAST TOP PICK
September 12, 2019
(A Top Pick Sep 11/18, Up 1%) Stock's not doing very much, buy you're getting the yield. Still likes it. Attractive space. Temporary over supply issues this year. Want to increase their occupancy rate back above 90%. Yield is 4%.
(A Top Pick Sep 11/18, Up 1%) Stock's not doing very much, buy you're getting the yield. Still likes it. Attractive space. Temporary over supply issues this year. Want to increase their occupancy rate back above 90%. Yield is 4%.
property mngmnt/investment
BUY
BUY
August 27, 2019
He has owned this for a long time. Pays a nice distribution that grows 2% per year. The stock has not been rising for years likely because of an occupancy issue that is slowing working itself out. It could be bought here as you are getting paid to wait. The demographics are in its favour.
Yield 4.1%
He has owned this for a long time. Pays a nice distribution that grows 2% per year. The stock has not been rising for years likely because of an occupancy issue that is slowing working itself out. It could be bought here as you are getting paid to wait. The demographics are in its favour.
Yield 4.1%
property mngmnt/investment
HOLD
HOLD
August 13, 2019
As a senior housing stock, you want to look at occupancy rates and cash flows. There appears to be more supply, so occupancy rates have dipped below 85%, when normally it has been above 90%. She thinks this will improve over time.
As a senior housing stock, you want to look at occupancy rates and cash flows. There appears to be more supply, so occupancy rates have dipped below 85%, when normally it has been above 90%. She thinks this will improve over time.
property mngmnt/investment
BUY
BUY
June 19, 2019
Chartwell vs. Sienna for growth He likes and owns both. CSH's latest report says their operating income grew an impressive 4.7%, but Sienna's was 5.4%. CSH's and Sienna's growth are 5-5.5%. CSH has a low 64% payout ratio, but Sienna is a little cheaper at 12.7x vs. CSH's 15.6x. They're similar in many ways, but Sienna has more room for multiple expansion/upside. But CSH is slightly safer because it has a bigger cap. Both are in a good space with demographics as a tailwind.
Chartwell vs. Sienna for growth He likes and owns both. CSH's latest report says their operating income grew an impressive 4.7%, but Sienna's was 5.4%. CSH's and Sienna's growth are 5-5.5%. CSH has a low 64% payout ratio, but Sienna is a little cheaper at 12.7x vs. CSH's 15.6x. They're similar in many ways, but Sienna has more room for multiple expansion/upside. But CSH is slightly safer because it has a bigger cap. Both are in a good space with demographics as a tailwind.
property mngmnt/investment
BUY
BUY
May 30, 2019
Largest in Canada. Really likes it. You need to be here for the fundamentals. Baby boomers are providing a tailwind. It is struggling. Very cheap. Trading at discount to NAV. Great time to enter.
Largest in Canada. Really likes it. You need to be here for the fundamentals. Baby boomers are providing a tailwind. It is struggling. Very cheap. Trading at discount to NAV. Great time to enter.
property mngmnt/investment
BUY
BUY
May 14, 2019
An income stock with an attractive yield. The last little while has seen an overbuild in some markets, so occupancy has decreased, but she's confident this will rise from 91% to 95% in time. It's always traded at a premium vs. its peers. Aging demmographics are on their side. Good management and pipeline of projects. You'll collect a 4% yield plus a few % points. A good long-term hold.
An income stock with an attractive yield. The last little while has seen an overbuild in some markets, so occupancy has decreased, but she's confident this will rise from 91% to 95% in time. It's always traded at a premium vs. its peers. Aging demmographics are on their side. Good management and pipeline of projects. You'll collect a 4% yield plus a few % points. A good long-term hold.
property mngmnt/investment
BUY WEAKNESS
BUY WEAKNESS
April 24, 2019
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.
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.
property mngmnt/investment
PAST TOP PICK
PAST TOP PICK
April 10, 2019
(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.
(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.
property mngmnt/investment
TOP PICK
TOP PICK
March 12, 2019
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)
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)
property mngmnt/investment
COMMENT
COMMENT
February 13, 2019
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.
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.
property mngmnt/investment
HOLD
HOLD
February 1, 2019
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.
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.
property mngmnt/investment
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