Chartwell Retirement Residences (CSH.UN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Our participants, please stand by. The conference is now ready to begin. Good morning, ladies and gentlemen. Welcome to the Chartwell Retirement Resident Q2 2025 Financial Results Conference Call. I would now like to turn the meeting over to CEO Vlad Volodarsky. Please go ahead. Thank you, Louise. 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 Blakia, Chief Investment Officer and Chief Legal Officer. Before I 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. Our MD&A and other securities filings contain information about the assumptions, risks, 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 Q2 2025 MD&A under the headings Risks and Uncertainties and Forward-Looking Information for a discussion of risks and uncertainties. These documents can be found on our website or on the CEDAR Plus website. Turning to slide three, Q2 2025 marked the eighth successive quarter of double digit growth in our same property adjusted NOI and our FFO per unit. This performance reflects the outstanding efforts of our teams who remain focused on delivering exceptional resident experiences, growing occupancy and enhancing operational efficiencies. We now forecast reaching 93.5% occupancy by September and as we enter our historically robust fall leasing season...