Chartwell Seniors Housing

CSH.UN-T

TSE:CSH.UN

8.48
0.26 (2.97%)
Chartwell Retirement Residences is the largest participant in the Canadian seniors housing sector, with nearly 180 locations across Quebec, Ontario, Alberta, and British Columbia.
More at Wikipedia

Analysis and Opinions about CSH.UN-T

Signal
Opinion
Expert
HOLD
HOLD
February 8, 2007
ING Realty Investors are rumoured to be interested in this as a takeover. The company has made some recent acquisitions that are attractive. The market has some uncertainty as to how the government will treat this REIT. Feels it is expensive.
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ING Realty Investors are rumoured to be interested in this as a takeover. The company has made some recent acquisitions that are attractive. The market has some uncertainty as to how the government will treat this REIT. Feels it is expensive.
TOP PICK
TOP PICK
January 22, 2007
Seniors’ housing provider. 7% yield. If you have a long-term time horizon, you can make 8%-10% a year.
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Seniors’ housing provider. 7% yield. If you have a long-term time horizon, you can make 8%-10% a year.
BUY
BUY
January 19, 2007
A seniors housing REIT. A large growing portfolio in the US. This is a very fragmented market and they are making a lot of accretive acquisitions. Leverages the little higher than normal. Expect them to grow into their payout ratio. Looking for distribution increase towards the end of the year.
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A seniors housing REIT. A large growing portfolio in the US. This is a very fragmented market and they are making a lot of accretive acquisitions. Leverages the little higher than normal. Expect them to grow into their payout ratio. Looking for distribution increase towards the end of the year.
WEAK BUY
WEAK BUY
January 12, 2007
Has made some major acquisitions, of which, one has not performed well. This is probably something worthwhile looking at. The worst is probably already in the market. They'll have to do something to do with their structure. Has potential, but more risk than others.
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Has made some major acquisitions, of which, one has not performed well. This is probably something worthwhile looking at. The worst is probably already in the market. They'll have to do something to do with their structure. Has potential, but more risk than others.
BUY
BUY
January 4, 2007
Long-term care industry in Canada and US. Had brought 3 companies together and had some issues with operating costs, but he thinks they have a legitimate chance of bringing this under control. Sees good growth opportunities in the US and somewhat in Canada.
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Long-term care industry in Canada and US. Had brought 3 companies together and had some issues with operating costs, but he thinks they have a legitimate chance of bringing this under control. Sees good growth opportunities in the US and somewhat in Canada.
COMMENT
COMMENT
December 19, 2006
New trust rules say that to qualify as a REIT, 75% of the properties have to be in Canada. Also, only 5% of your overall revenue stream is coming from management fees. There’s ways around this. Retirement businesses are very highly regulated.
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New trust rules say that to qualify as a REIT, 75% of the properties have to be in Canada. Also, only 5% of your overall revenue stream is coming from management fees. There’s ways around this. Retirement businesses are very highly regulated.
COMMENT
COMMENT
December 15, 2006
REITs are up about 5% since the Oct 31/06 announcement as most are excluded from the new legislation. Those that aren’t are quite capable of restructuring. Will continue to be pressure until the rules are clarified.
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REITs are up about 5% since the Oct 31/06 announcement as most are excluded from the new legislation. Those that aren’t are quite capable of restructuring. Will continue to be pressure until the rules are clarified.
COMMENT
COMMENT
December 8, 2006
Announced a number of major acquisitions following the 2nd quarter. Stock price down because market expected it would be funded through a new issue. Past couple of quarters were weaker than expected. Takes a while to integrate the acquisitions. Doesn’t qualify on the REIT tax exemption.
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Announced a number of major acquisitions following the 2nd quarter. Stock price down because market expected it would be funded through a new issue. Past couple of quarters were weaker than expected. Takes a while to integrate the acquisitions. Doesn’t qualify on the REIT tax exemption.
BUY
BUY
November 21, 2006
A seniors housing REIT. An external acquisition story. Their unit price has suffered because in doing their acquisitions, they haven't realized as much value in the accretions as some thought they would. Good yield. Expect that growth will outperform going forward.
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A seniors housing REIT. An external acquisition story. Their unit price has suffered because in doing their acquisitions, they haven't realized as much value in the accretions as some thought they would. Good yield. Expect that growth will outperform going forward.
PAST TOP PICK
PAST TOP PICK
November 10, 2006
(A Top Pick June 23/06. Up 2.1%.) Four years will give them time to re-structure their business to change their tax.
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(A Top Pick June 23/06. Up 2.1%.) Four years will give them time to re-structure their business to change their tax.
COMMENT
COMMENT
October 13, 2006
Likes this one longer term but does have some issues with things like external development of property from a governance point of view. Good management. A bit acquisition driven.
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Likes this one longer term but does have some issues with things like external development of property from a governance point of view. Good management. A bit acquisition driven.
WEAK BUY
WEAK BUY
September 7, 2006
Seniors housing. The seniors market tends to be priced a bit lower than your traditional REITs. It will be making some acquisitions in order to increase growth. Not a big fan of REITs.
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Seniors housing. The seniors market tends to be priced a bit lower than your traditional REITs. It will be making some acquisitions in order to increase growth. Not a big fan of REITs.
BUY
BUY
July 14, 2006
This was an amalgamation of 3 large senior citizens residences and initially there was disappointment in the lack of synergies. Believes it is a good place to be in the long-term.
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This was an amalgamation of 3 large senior citizens residences and initially there was disappointment in the lack of synergies. Believes it is a good place to be in the long-term.
TOP PICK
TOP PICK
June 23, 2006
The senior care part of the REIT sector has been really hammered over the last few months. They know how to grow their asset base outside of Ontario and Canada. Sees some very positive trends in this company. Good price.
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The senior care part of the REIT sector has been really hammered over the last few months. They know how to grow their asset base outside of Ontario and Canada. Sees some very positive trends in this company. Good price.
TOP PICK
TOP PICK
June 21, 2006
Pays 7.9%. Great management team. Demographics on long-term retirement are good. Q3 and Q4 numbers for last year were under expectations but Q1 this year was right on. Looks like they've turned the corner. Have some good growth pipeline opportunities this year. With the price pullback, it's a good buying opportunity.
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Pays 7.9%. Great management team. Demographics on long-term retirement are good. Q3 and Q4 numbers for last year were under expectations but Q1 this year was right on. Looks like they've turned the corner. Have some good growth pipeline opportunities this year. With the price pullback, it's a good buying opportunity.
Showing 331 to 345 of 375 entries