16:16:37 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Chartwell Retirement Residences Real Estate I
Symbol CSH
Shares Issued 191,493,033
Close 2017-01-25 C$ 15.14
Market Cap C$ 2,899,204,520
Recent Sedar Documents

Globe says Chartwell up 72% over the past five years

2017-01-25 06:59 ET - In the News

Also In the News (C-EXE) Extendicare Inc (2)
Also In the News (C-SIA) Sienna Senior Living Inc

The Globe and Mail reports in its Wednesday, Jan. 25, edition that Chartwell Retirement Residences Real Estate Investment Trust ($14.98) is up 72 per cent over the past five years (to the end of 2016). The Globe's David Berman writes that is significantly better than the 28-per-cent gain for the S&P/TSX composite index over the same period. According to Prudential Financial the number of people 65 and over will double over the next 25 years, to more than 1.5 billion, as average lifespans rise and fertility rates decline. In developed markets, the number of seniors surpassed the number of people who are 15 years old or younger for the first time in 2010. After 2025, seniors will outnumber everyone under the age of 20. Mr. Berman says Canada fits right in here. The number of seniors is rising four times faster than the general population. There are three big Canadian players: Chartwell, Extendicare and Sienna Senior Living. Chartwell is the biggest, based on its market capitalization. Its stock price has also outperformed its peers over the past five-year and one-year periods by a substantial margin. Chartwell expects that the size of its market will double in the next 20 years.

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