We're Only Getting Older: A Top TSX Stock That Benefits From an Aging Population
We're Only Getting Older: A Top TSX Stock That Benefits From an Aging Population
Canadians are living longer. The average life expectancy for Canadians has significantly extended from 79 years in 2000 to over 83 years in 2024. An average Canadian can expect to live longer than generations past, and the number of residents aged 65 and older is reportedly the fastest-growing age group. An aging population expands business opportunities for $Chartwell Retirement Residences (CSH.UN.CA)$ (TSX:CSH.UN) as Canadaâs largest private owner and operator of senior living facilities undergoes a portfolio makeover.
加拿大人的壽命越來越長。加拿大人的平均壽命從2000年的79歲顯著延長到2024年的83歲以上。普通加拿大人比過去的幾代人能夠活得更長，而65歲及以上的居民數量據稱是增長最快的年齡群體。一個老齡化的人口爲業務拓展創造了機會。$Chartwell Retirement Residences (CSH.UN.CA)$加拿大最大的老年生活設施的私人所有者和運營商——$tsx: CSH.UN$正在經歷組合重組，房地產信託將成爲受益於人口老齡化的一種最佳選擇。
Chartwell Retirement Residences stock's monthly distributions could be a good passive-income source for investors, while an increasing availability of senior tenants could grow the business and unlock long-term capital gains.
Chartwell Retirement Residences的股票的月度派息可能是投資者一個不錯的被動收入來源，而越來越多的老年租戶可能會增加業務並釋放長期資本收益。
Invest in Canadaâs largest retirement residence provider
投資加拿大最大的退休居所提供者。
If you wish to invest in the ever-expanding old-age economy, Chartwell Retirement Residences could be one of the best options to evaluate today. The real estate trust boasts a leading position as one of Canadaâs largest senior living residence providers. It owns, co-owns, and manages a growing portfolio of 168 senior residences comprising 26,394 suites spread across Ontario, Quebec, British Columbia, and Alberta.
如果你想投資不斷擴張的老齡經濟，Chartwell Retirement Residences可能是現今評估的最佳選擇之一。這個房地產信託擁有領先的地位，是加拿大最大的老年住宅提供者之一。它擁有、合擁有以及管理一個不斷增長的組合，包括26,394個套房的168個老年住宅，分佈在安大略省、魁北克省、不列顛哥倫比亞省和艾伯塔省。
The trustâs portfolio is focused on the sweet spot of the old-age economy. More than half (52%) of its facilities are independent supportive living units, and 32% are independent supportive living apartments. It offers a variety of housing options to cater to a wider range of seniorsâ needs, and an aging population presents an expanding total addressable market. The portfolio is doing well in 2024.
該信託的組合着眼於老齡經濟的甜點。超過一半（52%）的設施是獨立的支持性居住單元，32%是獨立的支持性居住公寓。它提供各種各樣的住房選擇，以滿足更廣泛的老年人需求，而人口老齡化則呈現出不斷擴張的總可尋址市場。該組合在2024年表現良好。
Chartwell Retirement Residences stock has generated a market-beating total return of 49.7% over the past twelve months. Investors are increasingly optimistic about the businessâs prospects of generating growing and profitable revenue after transforming its portfolio in 2023.
Chartwell Retirement Residences的股票在過去的十二個月中產生了一個市場超越的總回報率，達49.7%。在2023年轉型其組合後，投資者對其產生越來越樂觀的預期，即在未來能夠產生越來越多的盈利收入。
Following COVID-19 pandemic-related strains and rising operating costs, Chartwell took a new course and disposed of some long-term-care (LTC) facilities in September 2023. Since then, the trust has morphed into a strong growth retirement residences stock after streamlining its portfolio, and the restructuring is bearing fruit in 2024.
在COVID-19疫情相關壓力和不斷上升的運營成本之後，Chartwell在2023年9月做出了一個新的決策，出售了一些長期護理設施。自此之後，信託已經成爲強勁的增長型退休居所股票，在優化其組合後，其重組在2024年取得了良好的成果。
A successful turnaround story to buy for passive income
一個成功的轉型故事，值得購買以獲得被動收入。
Chartwell Retirement Residences has reported growing occupancy rates for several successive quarters now; its losses narrowed significantly earlier this year, and its distributable cash flow has grown at double-digit rates.
Chartwell Retirement Residences報告稱連續幾個季度增長的佔有率，其虧損早在今年早些時候就大幅縮小，其可分配現金流以兩位數的速度增長。
The trustâs same-property occupancy rates surged 590 basis points between March 2023 and December 2023 to 85.6%, and management expects to report an 87.3% same-property occupancy rate for June, representing a 640-basis-point occupancy growth year-over-year. Improving occupancy rates and rent increases combined to grow the trustâs revenue and cash flow.
該信託的同一物業佔有率在2023年3月至2023年12月間激增了590個點子，達到了85.6%；管理層預計全年的同一物業佔有率將達到87.3%，同比增長640個點子。佔有率改善和租金上漲結合在一起，促進了該信託的收入和現金流的增長。
Revenue growth, on a same-property basis, was 12.1% year-over-year during the first quarter of 2024, while net operating income (NOI) increased by 30.2% year over year as quarterly resident revenue, at $183,9 million, grew 10.9% year over year.
2024年第一季度的同一物業營收增長率同比增長12.1%，而淨營業收入同比增長30.2%，季度居民收入達到183900萬美元，同比增長10.9%。
The trustâs quarterly net losses narrowed to under $2 million, down from $9.3 million a year ago. The turnaround is progressing well, and the trustâs funds from operations per unit surged 60% year over year to $0.16 to provide significant coverage to Chartwell Retirement Residencesâ monthly distribution of $0.051 per unit.
該信託季度淨虧損降至200萬美元以下，比一年前的930萬美元下降。這個轉型進行得很順利，並且該信託每股運營資金流與Chartwell Retirement Residences的每月每單位派息金額0.051美元相比，同比增長了60%。
The distribution, which yields 4.7% annually, is well covered now and looks sustainable.
派息的年收益率爲4.7%，現在覆蓋得很好，看起來是可持續的。
Investor takeaway
投資者可以從Chartwell Retirement Residences中獲得更多資本增值，並在自己的黃金歲月中獲得豐厚的派息。
Chartwell Retirement Residences could be a compelling turnaround story for 2024. Further gains in portfolio occupancy rates could enhance the trust's profitability and significantly widen its cash flow wiggle room to finance new developments. Although thereâs still some litigation risk from COVID-19 lawsuits, the trust is well positioned to profitably serve Canadaâs aging population for decades to come. Investors could enjoy more capital gains and earn juicy distribution yields well into their golden years.
Chartwell Retirement Residences可能是2024年一個令人信服的轉型故事。組合佔有率的進一步提高可能會增強該信託的盈利能力，並極大地擴大其現金流擺動空間來資助新的發展。雖然COVID-19訴訟風險仍有些許，但該信託已經爲盈利服務於未來幾十年的加拿大老齡化人口做了良好的定位。投資者可以獲得更多的資本增值，並在自己的黃金歲月中賺取豐厚的分配收益。
The post Weâre Only Getting Older: A Top TSX Stock That Benefits From an Aging Population appeared first on The Motley Fool Canada.
我們只會變老：一種受益於人口老齡化的頂級tsx股票