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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