The Globe and Mail reports in its Friday, April 3, edition that Canaccord's Mark Rothschild rates Chartwell Retirement Residences REIT "buy" in new coverage. The Globe's David Leeder writes that Mr. Rothschild set a unit target of $20.50, exceeding the $19.31 consensus. Mr. Rothschild says Chartwell is trading at an attractive valuation relative to its peers. Analysts on average target the shares at $19.31. Mr. Rothschild says in a note: "[Chartwell is] positioned to capitalize on strong fundamentals for seniors housing. We believe that Chartwell presents an opportunity to invest in a high-quality portfolio of seniors housing properties diversified across Canada's largest markets, at a time when strong fundamentals and limited new supply combine to lead to strong cash flow growth. ... With shrinking project pipelines and limited construction starts, we expect supply will likely remain constrained in the near term, leading to further upward pressure on both occupancy and rental rates. Reflecting both strong demand and limited new supply, we think NOI is positioned to rise materially over the next few years. Chartwell generated internal growth of 18.9 per cent in 2024, up from growth of 14.3 per cent in 2023 and down 7.4 per cent in 2022."