Review of Chartwell Retirement Residences

MAR 26, 2024 - CSH.UN stands to benefit from tailwinds relating to the aging population and interest rate stabilization/decreases in the future. Occupancy trends have been positive while margins have also expanded due to rent and service rate increases which bode well for its outlook. The main concern we have is the high debt level that CSH.UN carries, but overall, it is a solid REIT play. We are maintaining our rating of a ‘B’.