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Chartwell Retirement Residences (CSH.UN $21.25)
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Extendicare Inc. (EXE $29.46)
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Sienna Senior Living Inc. (SIA $23.28)
Q: Morning Troops. Years ago I bought EXE at around $7.00 and recently sold at $20.00, thinking that it wouldn't be able to match the huge run-up it had in 2025. Turns out I may have been wrong and I would like to get back into the senior care space. My question is; of the main players in the field, which one would you favour now and where do you see the industry going in the short to medium term. Cheers.
5i Research Answer:
We think the sector outlook is decent, with the usual demographic tailwinds and possible lower rates down the road, offset somewhat by higher expenses (labour, regulatory). EXE is now up 123% in a year and we would expect it to consolidate a bit. We would lean to CSH.UN today.