Chartwell REIT Announces Strong Growth In 2004.
Business Wire (February 17, 2005)
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Chartwell REIT Announces Strong Growth In 2004.
MISSISSAUGA, Ontario -- Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN) announced today results for the three months and year ended December 31, 2004. The REIT commenced operations on November 14, 2003 following completion of its Initial Public Offering, did not hold any material assets prior to November 14, 2003, and is considered to have begun operations on that date. As a result, there are no comparative results for the prior-year period.
HIGHLIGHTS: - Acquisition of interests in over 4,000 suites in 32 properties expands portfolio by 105%. - 2004 Distributable Income of $0.96 per fully diluted Unit achieves revised outlook target - Fourth quarter annualiz...Try vLex for FREE for 3 days
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