The Globe and Mail reports in its Wednesday edition that National Bank Financial analysts Matt Kornack and Tal Woolley have reaffirmed their "outperform" recommendation for Chartwell Retirement Residences REIT. The Globe's David Leeder writes that Mr. Kornack and Mr. Woolley gave their unit target a 50-cent trim to $10.50. Analysts on average target the units at $11.50. The National Bank stockpickers say in a note: "Our highest total return to target within our seniors housing/healthcare coverage is Chartwell. Mid-quarter occupancy updates have been bullish, and the expected post-COVID occupancy improvement appears to be underway: Chartwell met its June occupancy forecast of 79.9 per cent and revised its July forecast 20 bps higher to 80.3 per cent. Chartwell forecasts August same-property occupancy to reach 80.8 per cent, the first time closing above the 80-per-cent level since December, 2020. This is the second consecutive forecast representing a bullish outlook for Chartwell's occupancy and adds further support to our view that interest in retirement living is picking up and a rebound is taking shape. Chartwell also indicated that year-to-date permanent move-in activity has exceeded the same period in 2022."