Chartwell Retirement Residences Full Year 2023 Earnings: Misses Expectations
Chartwell Retirement Residences (TSE:CSH.UN) Full Year 2023 Results
Key Financial Results
Revenue: CA$736.7m (up 4.5% from FY 2022).
Net loss: CA$60.9m (down by 323% from CA$27.4m profit in FY 2022).
CA$0.26 loss per share (down from CA$0.12 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chartwell Retirement Residences Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 26%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Retirement Operations segment contributing a total revenue of CA$814.1m (110% of total revenue). Notably, cost of sales worth CA$463.4m amounted to 63% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$154.0m (46% of total expenses). Explore how CSH.UN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Healthcare industry in Canada.
Performance of the Canadian Healthcare industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Chartwell Retirement Residences.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
