Chartwell Retirement Residences · TSX:CSH.UN
Chartwell Retirement Residences — Q3 2026 Earnings Presentation
21 slides from Chartwell Retirement Residences's earnings presentation, Nov 6, 2026
Slide 1: Q3 2026 Results Conference Call
Q3 2026 Results Conference Call November 6, 2026
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains forward-looking information that reflects the current expectations, estimates and projections of management about the future results, performance, achievements, prospects or opportunities for Chartwell and the seniors housing industry. Forward-looking
Slide 3: Q3 2026 Highlights
Q3 2026 Highlights + 25% + 14.1% + 2.3pp + 2.3pp Same property Same property Same property FFOPU Adjusted Adjusted Occupancy NOI Operating Margin Investing Integrating Optimizing in our residences newly acquired properties Advancing portfolio initiatives 3
Slide 4: 2028 Strategy Scorecard
2028 Strategy Scorecard Target Results Same Property Performance Chartwell’s Strategy Statement Weighted average occupancy > 95% 94.6% REVPOS growth (1) > 4% 5.1% In 2026-2028, we will generate DOEPOS growth (1) < 4% 1.8% robust FFO per unit growth through exceptional resident experiences, Balance S
Slide 5: Operations
Operations Sales and Marketing SEPTEMBER 2026 5
Slide 6: Operations
Operations Resident Recruitment & Satisfaction & Integration Retention Employee Activities Engagement Net Promoter Score (NPS) Scoring Guideline World Class 70+ Excellent 50–70 58 Very Good 30-50 Good 10-30 Danger <10 6
Slide 7: Q3 2026 Summary
Q3 2026 Summary Increase/(Decrease) Q3 2026 Q3 2025 $ % Net income/(loss) $115.0M ($5.2M) $120.2M n/m FFO (1) $100.8M $73.0M $27.8M 38.0% FFOPU (1) $0.30 $0.24 $0.06 25.0% Same property: Occupancy 94.8% 92.5% n/a 2.3pp Adjusted NOI (2) $90.2M $79.0M $11.2M 14.1% NOIPOS (3) $2,205 $1,982 $223 11.3% (
Slide 8: Stabilized Same Property Delivers Growth
Stabilized Same Property Delivers Growth Occupancy Stabilized – Focus on Revenue and Margin Growth Same Property Occupancy (1) 94.6% 94.8% Same property 2026 YTD Growth 94.1% 94.3% 90.6% 91.1% 92.5% REVPOS (2) $4,936 5.1% DOEPOS (2) $2,879 1.8% NOIPOS (2) $2,141 10.1% Adjusted operating margin 42.7%
Slide 9: Growth Portfolio Opportunity
Growth Portfolio Opportunity 52 Properties, 9,306 Suites – 35% of Total Suites (1) (1) Q3 2026 Q3 2026 Weighted Average Occupancy Adjusted Operating Margin • Growth portfolio includes all 95%+ properties where ownership 46.0% 43.4% interests were acquired or changed since January 1, 2025 91.6% • Pro
Slide 10: Strong Balance Sheet and Liquidity
Strong Balance Sheet and Liquidity Net Debt to Adjusted EBITDA (1) Liquidity at November 5, 2026 6.8x Interest Coverage $573M Ratio (1) 3.5x $178M $395M available credit Weighted Average cash Interest Rate facility (consolidated) 4.03% (1) Rolling 12 months ended September 30, 2026 including proform
Slide 11: Cash Flow Conversion
Cash Flow Conversion Scalable Platform Drives High Conversion of NOI to FFO NOI to FFO Conversion Rate FFOPU NOIPU 48% (1) (2) 2023 $0.55 $1.16 58% FFOPU NOIPU 2024 $0.76 $1.31 2025 FFOPU $0.95 NOIPU $1.53 62% Each $1 of NOIPU in 2025 generated 62¢ of FFOPU vs. 48¢ in 2023 (1) Refer to the “Suppleme
Slide 12: Case Study: Performance Driven Management
Case Study: Performance Driven Management Greater Montreal Area Portfolio Acquisition • Acquired five high-quality residences with an average age of 6 years in June 2024 • Chartwell’s management platform drove NOI growth from occupancy, REVPOS, operating margin, and commencement of high- return expa
Slide 13: Portfolio Optimization
Portfolio Optimization Recent Transactions Acquisitions September 2026 October 2026 Dispositions 1 property 1 property 1 property Ontario Quebec Ontario 13
Slide 14: Development Pipeline
Development Pipeline Targeting High-Demand Core Markets British Columbia 2,586 Suites Alberta 1,215 Suites Quebec 3,605 Suites 884 Edmonton Ontario 2,050 Suites Greater Vancouver 331 Calgary 2,276 310 Quebec City BC Interior 957 Greater Montreal 1,479 Gatineau 1,169 Number of Suites Under In Pre- 1,
Slide 15: Industry Fundamentals Favour Growth
Industry Fundamentals Favour Growth Accelerating Demand Growing Supply Shortage (millions) 75-79 year old 80+ years old 10 Population of Age 75+ Year Olds 9 Demand vs. Supply 8 80+ year old 7 forecast CAGR 20-year 4.0% 6 5 4 3 2 1 0 2025 2030 2035 2040 2045 2050 2055 2060 2065 2070 2075 Lagging Supp
Slide 16: Chartwell Experience
Chartwell Experience Beach Club Wellness 16
Slide 17: Supplemental Information
Supplemental Information Reconciliation Table – REVPOS, DOEPOS, NOIPOS ($000s, except per occupied suites) Q3 2026 Q3 2025 Change 2026 YTD 2025 YTD Change Same property Adjusted resident revenue 205,374 189,159 16,215 604,201 555,298 48,903 Adjusted other property revenue 2,593 2,976 (383) 10,241 9,
Slide 18: Supplemental Information
Supplemental Information Reconciliation Table – FFO, FFOPU and Payout Ratio Q3 Q3 ($000s, except per unit amounts, number of units, and payout ratio) 2026 2025 2026 YTD 2025 YTD 2024 YTD 2023 YTD 2025 2024 2023 Net income/(loss) 114,960 (5,206) 121,613 22,251 18,834 141,446 29,495 22,378 128,273 Add
Slide 19: Supplemental Information
Supplemental Information Reconciliation Table – Same Property Adjusted NOI ($000s) Q3 2026 Q3 2025 Change Property revenue 321,073 275,175 45,898 Add (Subtract): Share from joint ventures (1) 26,199 11,007 15,192 Share from non-controlling interest (2) - (926) 926 Adjusted property revenue 347,272 2
Slide 20: Supplemental Information
Supplemental Information Reconciliation Table – NOIPU ($000s, except number of units and per unit amounts) 2023 2024 2025 Property revenue 687,324 799,923 1,079,035 Add (Subtract): Share from joint ventures (1) 126,765 142,430 54,726 Share from non-controlling interest (2) - (2,710) (3,070) Results
Slide 21: Thank You
THANK YOU
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