Chartwell Retirement Residences (CSH.UN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Chartwell Retirement Residences Q1 2025 Financial Results Conference Call. I would now like to turn the meeting over to the CEO, Vlad Volodarsky. Please go ahead, sir. Thank you, Maude. Good morning, and thank you for joining us today. There is a slide presentation to accompany this conference call available on our website at chartwell.com under the Investor Relations tab. Joining me are Karen Sullivan, President and Chief Operating Officer, Jeffrey Brown, Chief Financial Officer, and Jonathan Bulakia, Chief Investment Officer and Chief Legal Officer. Before we begin, I direct you to the cautionary statements on slide two, because during this call, we will make statements containing forward-looking information and non-GAAP and other financial measures. RMDNA and other securities filings contain information about the risks, assumptions, and uncertainties inherent in such forward-looking statements and details of such non-GAAP and other financial measures. More specifically, I direct you to the disclosures in our Q1 2025 MD&A under the heading Risks and Uncertainties and Forward-looking Information for discussion of such risks and uncertainties. These documents can be found on our website or on the CDERplus website. Turning to slide three. The streak of solid operating and financial results continued in Q1 2025, and I cannot be more proud and grateful to our teams for their outstanding work. Their consistent focus on creating exceptional resident experiences, combined with innovative sales and marketing strategies, generated strong increases in occupancy, driving a 400 basis points operating margin expansion and 21.3% same property net operating income growth. Our continuing investments in our management platform, ...