Chartwell Retirement Residences (CWSRF) Q1 2025 Earnings Call Transcript

2025-05-09 14:00:34 ET

Chartwell Retirement Residences (CWSRF)

Q1 2025 Earnings Conference Call

May 9, 2025 10:00 AM ET

Company Participants

Vlad Volodarski – Chief Executive Officer

Karen Sullivan – President and Chief Operating Officer

Jeffrey Brown – Chief Financial Officer

Jonathan Boulakia – Chief Investment Officer and Chief Legal Officer

Conference Call Participants

Jonathan Kelcher – TD Cowen

Lorne Kalmar – Desjardins

Himanshu Gupta – Scotiabank

Giuliano Thornhill – National Bank Financial

Mark Rothschild – Canaccord Genuity

Tom Callaghan – BMO Capital Markets

Presentation

Operator

Ladies and gentlemen, and welcome to the Chartwell Retirement Residences Q1 2025 Financial Results Conference Call. I would now like to turn the meeting over to the CEO, Vlad Volodarski. Please go ahead, sir.

Vlad Volodarski

Thank you, Moss. 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 Boulakia, Chief Investment Officer and Chief Legal Officer.

Before we begin, I direct you to the cautionary statements on Slide 2. 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 risks, assumptions 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 Q1 2025 MD&A under the heading Risks and Uncertainties and forward-looking information for a discussion of such risks and uncertainties. These documents can be found on our website or on SEDAR+ website.

Turning to Slide 3. The streak of solid operating and financial results continued in Q1 2025, and I cannot be more proud and grateful to our teams for their outstanding work. Their consistent focus on creating exceptional resident experiences combined with innovative sales and marketing strategies generated strong increases in occupancy, driving 400 basis points operating margin expansion and 21.3% same-property net operating income growth....

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