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Stock impact report

Chartwell Announces First Quarter 2024 Results [Yahoo! Finance]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
Company Research Source: Yahoo! Finance
Q1 2024 Highlights Resident revenue increased by $18.1 million from Q1 2023. Net loss was $2.0 million compared to $9.3 million in Q1 2023. Funds from Operations ("FFO") up 61.2% from Q1 2023. Same property adjusted net operating income ("NOI") up 24.7% from Q1 2023. Weighted average same property occupancy up 610 basis points from Q1 2023 and expected to grow to 87.3% by June 2024 "Our teams have done a great job building on the strong momentum of occupancy growth with a 610 basis points increase over the last twelve months. We see this momentum continuing into the summer and expect to achieve 87.3% occupancy by June of this year. This occupancy growth drove significant improvements in our operating margins and cash flows in the quarter," commented Vlad Volodarski , Chartwell's CEO. "With the growing demand and limited new construction, we expect these positive trends to persist in 2024 and beyond. Our teams are focused on the execution of our successful operations, sale Show less Read more
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