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Investor Presentation Q2 2026 August 6 , 2026 CHARTWell
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2 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 statements are based upon a number of assumptions and are subject to a number of known and unknown risks and uncertainties, many of which are beyond our control, and that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements. Examples of forward-looking information in this document include, but are not limited to, statements regarding our business strategies, operational, sales, marketing, and optimization strategies including targets, and the expected results of such strategies, predictions and expectations with respect to industry trends regarding growth in the senior population, a deficit of long term care beds and the slow down of new construction starts, expectations with respect to taxes that are expected to be payable in the current and future years and statements regarding the tax classification of distributions, and occupancy rate forecasts. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. These factors are more fully described in the "Risks and Uncertainties and Forward-Looking Information" section of our Management’s Discussion & Analysis for year ended December 31, 2025 (the “2025 MD&A”), and in materials filed with the securities regulatory authorities in Canada from time to time, including but not limited to our most recent Annual Information Form. Except as required by law, Chartwell does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason. In this presentation “Q1” refers to the three-month period ended March 31; “Q2” refers to the three-month period ended June 30; “Q3” refers to the three-month period ended September 30; “Q4” refers to the three-month period ended December 31; “2026” refers to the calendar year 2026, “2025” refers to the calendar year 2025; “2024” refers to the calendar year 2024; “2023” refers to the calendar year 2023. In this presentation we use a number of performance measures that are not defined in generally accepted accounting principles (“GAAP”) which follow the disclosure requirements established by National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosures (collectively, the “Non-GAAP Measures”), to measure, compare and explain the operating results and financial performance of the Trust. These Non-GAAP Measures do not have standardized meanings prescribed by GAAP and, therefore, may not be comparable to similar measures used by other issuers. The Real Property Association of Canada (“REALPAC”) issued white papers with recommendations for calculations of Funds from Operations (“FFO”) (the “REALPAC Guidance”). Our FFO definition is substantially consistent with the definition adopted in the REALPAC Guidance. Please refer to the “Additional Information on Non-GAAP Measures” section of our Q2 2026 MD&A for details. In this presentation we use various financial metrics and ratios in our disclosure of financial covenants. These metrics are calculated in accordance with the definitions contained in our credit agreements and the trust indenture governing our outstanding debentures and may be described using terms which differ from standardized meanings prescribed by GAAP. These metrics may not be comparable to similar metrics used by other issuers. The Non-GAAP Measures are categorized as non-GAAP financial measures, non-GAAP ratios, supplementary financial measures, and capital management measures as follows: Non-GAAP Financial Measures FFO, FFO per unit, FFO for Equity-Accounted JVs including per unit amounts (“PU”), Earnings before interest, tax, depreciation and amortization (“consolidated EBITDA” or “EBITDA”), Adjusted Property Revenue, Adjusted Resident Revenue, Adjusted Other Property Revenue, Adjusted Direct Property Operating Expense (“Adjusted DOE”), Adjusted Operation Margin, Adjusted Resident Revenue per occupied suite (“REVPOS”), Adjusted DOE per occupied suite (“DOEPOS”), Adjusted NOI per occupied suite (“NOIPOS”), FFO Payout Ratio, Consolidated Interest Expense, Adjusted Consolidated Gross Book Value of Assets, Book value of assets, Gross book value adjustment on IFRS transition, Adjustment for accumulated depreciation and amortization, Aggregate Adjusted Assets, and Amortization of finance costs and fair value adjustments on assumed mortgages, Proforma adjustments, and Total Units Outstanding. Non-GAAP Ratios Debt Service Coverage Ratio, Interest Coverage Ratio, Total Leverage Ratio, Adjusted Consolidated Unitholders’ Equity Ratio, Secured Indebtedness Ratio, Unencumbered Property Asset Ratio, Consolidated EBITDA to Consolidated Interest Expense Ratio, Indebtedness Percentage, Net Debt to Adjusted EBITDA Ratio, Expected Unlevered Yield, and Coverage Ratio. Supplementary Financial Measures Net Operating Income (“NOI”), Adjusted NOI, Adjusted Development Costs, Estimated Stabilized NOI, Unencumbered Property Asset Value and Unencumbered Aggregate Adjusted Assets. Capital Management Measures Liquidity, Imputed Cost of Debt, Regularly Scheduled Debt Principal Payments, Consolidated Indebtedness, Secured Indebtedness, and Unsecured Indebtedness. Please refer to the “Additional Information on Non-GAAP Measures”, “Results of Operations/FFO”, “Results of Operations/Adjusted Resident Revenue, Adjusted Property Operating Expenses, Adjusted Operating Margin, and Adjusted NOI” and “Liquidity and Capital Resources/Debt Covenants” sections of our Q2 2026 MD&A for details on these measures. Due to rounding, numbers presented throughout this presentation may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
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3 Chartwell at-a-Glance 30,000+ Suites (1) ~ 12,000 Engaged Employees 94.3% Occupancy (2) $1.3B Revenue (3) $505M Adjusted NOI (4) $7.4B Market Capitalization (5) $408M Liquidity (6) 7.0x Net Debt to Adjusted EBITDA (7) (1) Based on Chartwell’s owned and managed portfolio of residences as at June 30, 2026. Excludes development properties in construction. (2) Same property portfolio as at June 30, 2026. (3) Rolling 12 months ended June 30, 2026, including adjustments related to our equity-accounted joint ventures and other income. (4) Rolling 12 months ended June 30, 2026. Refer to the “Supplemental Information” section on page 25 of this presentation. (5) Trust Unit price $22.35 at June 30, 2026. (6) Includes cash and available credit facilities at June 30, 2026. (7) Rolling 12 months ended June 30, 2026.
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4 Chartwell Investment Highlights Leading Management Platform Integrated investment, asset management and operating platform. Unparalleled corporate support programs empowering our residences’ leaders to excel. Proven track record of execution. Leading national brand. Attractively Positioned Real Estate Portfolio Geographically diversified portfolio in key Canadian markets. Predominately fully owned high quality properties. Focused in mid- to upper-market segment. Successful portfolio optimization strategy underway. Strong Industry Fundamentals Growing Demand & Constrained Supply Accelerating Demand. o Canada’s seniors population growth. o Strong seniors affordability fueled by real estate net worth. o Limited alternatives with shortage of long term care beds. Constrained Supply. o Continued record low construction starts limit incoming supply. o Obsolete inventory being removed from the market. Market imbalance drives higher occupancy and rent growth. FFO Accretive Growth Opportunities High margin internal growth opportunities. Strong liquidity position to fund future accretive initiatives. Strong reputation and relationships deliver growth opportunities. Large pipeline of potential infill and greenfield developments. 1 2 3 4
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5 Leading Management Platform Supported by Highly Experienced Executive Team Vlad Volodarski (1) Chief Executive Officer Tenure with Chartwell: 23 yrs. Industry Experience: 23 yrs. Karen Sullivan President and Chief Operating Officer Tenure with Chartwell: 18 yrs. Industry Experience: 39 yrs. Jonathan Boulakia Chief Investment Officer and Chief Legal Officer Tenure with Chartwell: 18 yrs. Industry Experience: 18 yrs. Jeff Brown Chief Financial Officer Tenure with Chartwell: 3 yrs. Industry Experience: 3 yrs. Gordon Chiu (2) Chief Technology Officer Tenure with Chartwell: 9 yrs. Industry Experience: 9 yrs. (1) Also on the Board of Directors since March 2020. (2) Appointed Chief Technology Officer January 1, 2026 Strongly aligned with unitholders
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6 Leading Management Platform 2028 Strategy We expect to deliver robust FFOPU growth through the achievement of the following targets: Target Results Same Property Performance Weighted average occupancy > 95% 94.4% REVPOS growth (1) > 4% 4.8% DOEPOS growth (1) < 4% 1.9% Balance Sheet Net Debt to Adjusted EBITDA (2) < 7.5x 7.0x Interest Coverage Ratio (2) > 3.0x 3.5x FFO Payout Ratio (3) < 60% 56.7% Capital Acquisitions and Developments (4) $2 billion $903.8M Dispositions (5) $1 billion $166.9M (1) Refer to the “Supplemental Information” section on page 29 of this presentation. (2) Rolling 12 months ended June 30, 2026, including proforma adjustments. (3) Refer to the “Supplemental Information” section on page 26 of this presentation. (4) Target refers to the cumulative aggregate purchase price of acquisitions at Chartwell’s share of ownership plus adjusted development costs of completed projects for the three-year period ending December 31, 2028. Results include completed acquisitions as of August 6, 2026. (5) Target refers to the cumulative aggregate gross sale price of dispositions for the three-year period ending December 31, 2028. Results include completed dispositions as of August 6, 2026. Chartwell’s Strategy Statement In 2026-2028, we will generate robust FFO per unit growth through exceptional resident experiences, empowered teams, a well- established agile management platform, and prominent Chartwell brand driving market- leading occupancies in a growing and renewing portfolio of community-tailored residences.
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7 Leading Management Platform Agile and Scalable Leading Management Platform Enhanced CRM Tools Workforce Management Tools Care Assist Yardi eHR Small Home Model Targeted Promotions and Sales Strategies Transparent Pricing Strategies Regionally Focused Corporate Sales Team Localized Marketing Strategy Resident Revenue (1) 11.5% Occupancy (2) 280bps Adjusted NOI (1) 16.9% Operating Margin (1) 190bps (1) Rolling 12-months ended June 30, 2026 compared to rolling 12-months ended June 30, 2025; same property portfolio at Chartwell’s share of ownership interest. (2) Same property portfolio for June 2026 compared to June 2025. Empowering successful execution at our residences Drives Results
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8 Leading Management Platform Commitment to ESG Read the Full Report at investors.chartwell.com/company-profile Taking Care of Our Residents Taking Care of Our People Attract, Engage, Develop, and Empower Taking Care of Our Communities Creating Societal Impact Taking Care of Our Environment Meaningful Approach to Environmental Stewardship Corporate Governance Leading with Transparency and Accountability
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9 Attractively Positioned Real Estate Portfolio (1) Based on Chartwell’s owned and managed portfolio of residences as at June 30, 2026. Excludes development properties in construction. Alberta 2,687 Suites 1,702 Greater Vancouver 731 Calgary Edmonton1,196 5,293 2,037 Gatineau Montreal 4,068 Quebec City Portfolio Map National presence in key Canadian markets 30,501 Total Suites (1) 516 Vancouver Island 534 BC Interior British Columbia 2,752 Suites Ontario 11,941 Suites Quebec 13,121 Suites 759 1,173 849 1,123 4,842 Greater Toronto and Hamilton Area 658 Ottawa Ontario East Ontario North Simcoe Kitchener-Waterloo- Cambridge 2,173 Ontario Southwest
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10 Attractively Positioned Real Estate Portfolio Canada’s Only Pure Private Pay Retirement Company (1) Based on number of suites as at June 30, 2026, at Chartwell’s share of ownership interest, excluding development properties in construction. (2) Based on number of suites as at June 30, 2026, at 100% ownership interest, excluding development properties in construction. (3) Adjusted NOI % represents Chartwell’s share of ownership interest for the six-month period ended June 30, 2026. By Level of Care (1) 100% Owned 79% Partially Owned 20% Managed 1% By Ownership Interest (2) LTC 3% AL 7% IL 7% ISL 83% IL – Independent Living: Apartments with availability of dining, life enrichment and housekeeping services ISL – Independent Supportive Living: Apartments and suites with availability of dining, life enrichment, housekeeping, personal assistance, and care services AL – Assisted Living: Suites with a base level of personal assistance services and/or personal care services (ability to add addit ional care services) LTC – Long Term Care: Access to 24-hour nursing care or supervision in a secure setting, assistance with daily living activities and high levels of personal care • Upscale to mid-market residences • Urban and suburban markets with attractive demographics • Majority owned assets to realize on real estate value appreciation • 90%+ weighting towards higher margin and lower labour risk IL / ISL product By Geographic Location (2) Ontario 39% Quebec 43% Alberta 9% British Columbia 9% Adjusted NOI By Geographic Location (3) Ontario 44% Quebec 34% Alberta 11% British Columbia 11%
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11 Attractively Positioned Real Estate Portfolio (1) Transactions completed in 2024 to 2026 including announced transactions as of August 6, 2026. Includes investments in incremental ownership of existing properties. Acquired at ~30% below replacement cost, accretive at stabilized occupancy $3.2B Investment At Share 76 Properties 10,869 Suites At Share • Focused on attractively priced acquisitions to support growth during slowdown in development market • Successfully executed on acquisition strategy to add high quality assets in our core markets • Newer and larger properties attract higher market rents and stronger operating margins and provide more future growth potential • Investment team continues to identify new acquisition opportunities in 2026 Acquisition Strategy Highlights 2024-2026 (1)
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12 Attractively Positioned Real Estate Portfolio Strategic 23-Residence Partnership (1) Season’s portfolio composition based on number of suites as at May 7, 2026. Portfolio by Level of Care (1) Portfolio by Geographic Location (1) IL 5% MC 8% CCTB 13% ISL 74% Ontario 64% Alberta 26% British Columbia 10% MC = Memory Care CCTB = Continuing Care Home Type B suites • Completed the acquisition of a 30% ownership interest on June 2, 2026, for $382.5M, funded through the proportionate assumption of in-place debt of ~$208.8M (majority CMHC-insured), with the balance paid in cash. The agreement provides for the opportunity to acquire a further 20% ownership interest in the portfolio. • Chartwell will manage the 23 properties (2,943 suites) with average occupancy of 85% at closing. • Strategic partnership with Fengate, a leading real estate investment and development firm, provides option for Chartwell to participate in future retirement residence developments in Ontario.
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13 Attractively Positioned Real Estate Portfolio Alberta 1,002 Suites 2,276 Greater Vancouver 331 Calgary Edmonton671 1,034 1,871 Greater Montreal Development Pipeline Targeting High-Demand Core Markets 314 BC Interior British Columbia 2,590 Suites Ontario 2,015 Quebec 3,347 Suites Greater Toronto Area 144 Kitchener/ Waterloo/ Cambridge Number of Suites Under Construction(1) In Pre- Development (1) Total British Columbia 146 2,444 2,590 Alberta 575 427 1,002 Ontario - 2,015 2,015 Quebec 745 2,602 3,347 Total Projects 8 28 36 Total Suites 1,466 7,488 8,954 1,144 1,169Gatineau Quebec City (1) Represents projects on land owned by Chartwell or potential partners.
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14 Industry Fundamentals Support Future Growth Accelerating Demand Source: Statistics Canada, Cushman & Wakefield ULC. Population of Age 75+ Year Olds 0 1 2 3 4 5 6 7 8 9 10 2025 2030 2035 2040 2045 2050 2055 2060 2065 2070 2075 (millions) 75-79 year old 80+ years old • 4.0% CAGR in age 80+ population for next 20 years. Acceleration of demand driven by aging of baby boomer population • Ongoing shortage of long term care beds and care alternatives further enhances need and demand for seniors housing • Resilient residential housing market continues to support seniors’ affordability New Construction Starts as a % of Inventory • Multiple years of low construction starts has resulted in new supply not offsetting physical / economic obsolescence (~35% of seniors residences are 25 years or older). • In 2025, there were six new residence construction starts within 5 km of a Chartwell home in our top 15 markets • New construction is expected to begin increasing in 2026 at a more moderate pace with limited new deliveries until 2029 / 2030 Lagging Supply 80+ year old forecast CAGR 20-year 4.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
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15 Industry Fundamentals Demand will Overwhelm Supply Market imbalance will drive higher occupancy levels and fuel rent growth Demand vs. Supply • Current seniors housing demand is projected to double over the next 20 years • 200,000+ new suites required over the next 10 years compared with ~73,000 suites built over the last 10 years • Represents ~$100 billion capital requirement over next 10 years, despite limited development pipelines, resources and capital given the broader housing shortage Source: Cushman and Wakefield ULC, Statistics Canada, and Chartwell. (1) New supply reflects Cushman & Wakefield ULC new construction starts as a % of inventory forecasts (2026-2030), with a 3-year lag applied to estimate construction completion / opening. Construction starts as a % of inventory for 2031-2032 are based on Chartwell estimates and assumes that the 2030 rate holds. New supply to replace obsolescence Additional Pipeline (assumed)¹ Shortage gap 240,000 290,000 340,000 390,000 440,000 490,000 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Base Total Supply (existing + new)¹ Demand
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90.4% 90.9% 90.4% 90.4% 90.8% 91.1% 91.5% 91.9% 92.4% 93.0% 93.6% 94.1% 94.6% 95.1% 94.5% 94.3% 94.2% 94.3% 94.3% 94.4% 94.7% 95.0% 75.0% 80.0% 85.0% 90.0% 95.0% Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep 2024 2025 2026 Forecast (1) ▲50 bps ▼50 bps ▲40 bps ▲30 bps ▲40 bps ▲50 bps ▲60 bps ▲40 bps ▲50 bps ▲60 bps ▼60 bps ▲50 bps ▼20 bps ▲10 bps▼10 bps ▲10 bps▲50 bps ▲30 bps ▲30 bps Same Property Occupancy 16 FFO Accretive Growth Opportunities Occupancy Outlook (1) Forecast includes leases and notices as at July 31, 2026, and an estimate of mid-month move-ins of 20 basis points ("bps") for August and 40 bps for September, based on the preceding 12-month average of such activity.
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17 FFO Accretive Growth Opportunities Embedded Potential Value 94.3% 90.9% 95%Accelerating occupancy growth to target through: • Sales execution • High grading of asset portfolio • Supportive macro economic factors June 2026 Same Property Portfolio Occupancy June 2026 Growth Portfolio Occupancy Same Property Target Occupancy # Properties 94 50 144 # Suites at share 14,384 8,927 23,311 Impact of 1 pp in occupancy on revenue (1) $8.5M $4.2M $12.7M (1) Estimated for our 2026 same property and growth portfolios as of June 2026.
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18 FFO Accretive Growth Opportunities FFOPU Growth Supports Distribution Increases (1) Includes $0.06, $0.10, and $0.04 per unit in 2021, 2022 and 2023, respectively, related to LTC Discontinued Operations. Refer to the “Supplemental Information” section on page 27 of this presentation. • FFOPU CAGR of 21% since COVID recovery in 2023 supports resumption of sustainable increase • 2% distribution increase in March 2026 with FFO payout ratio expected to decline to below 60% target • Ongoing commitment to growing distributions on a sustainable basis, while retaining sufficient capital to fund strategic growth $0.76 $0.59 $0.53 $0.55 $0.76 $0.95 79% 103% 113% 110% 80% 64% 40% 50% 60% 70% 80% 90% 100% 110% 120% 130% 140% $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 2020 2021 2022 2023 2024 2025 FFOPU FFO Payout Ratio Target (<60%)(1)
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19 FFO Accretive Growth Opportunities Strengthened Balance Sheet and Enhanced Liquidity 3.1 2.9 2.8 2.5 2.3 2.7 3.5 3.5 2019 2020 2021 2022 2023 2024 2025 2026 45.0% 51.3% 46.3% 54.2% 42.1%39.0% 32.2%32.2% 2019 2020 2021 2022 2023 2024 2025 2026 8.3 9.4 10.1 11.1 10.2 8.4 6.9 7.0 2019 2020 2021 2022 2023 2024 2025 2026 BBB with Stable Trend DBRS rating confirmed May 2026 (1) Rolling 12 months ended June 30 for 2026, and 12 months ended December 31 for periods 2019-2025. (2) At market value of Trust Units as at June 30 for 2026, and as at December 31 for periods 2019-2025. Interest Coverage Ratio (1) Net Debt to Adjusted EBITDA (1) Debt to Capitalization (2) Liquidity $614M $219M cash $395M available credit facility • Strengthened balance sheet and liquidity position creates significant financing flexibility to support growth opportunities • Upgraded to BBB by DBRS in May 2026 At August 6, 2026
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20 FFO Accretive Growth Opportunities Financial Position – Debt Portfolio 4.31% 3.02% 3.56% 3.73% 2.96% 4.09% 4.38% 4.16% 4.32% 4.16% 4.20% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 0.0 100.0 200.0 300.0 400.0 500.0 600.0 Remaind er of 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Th er eafter $ Millions Maturi ty Year Debt Maturities Amortization Principal due at maturity Credit Facilities Debentures WAI R 72%, $2,418M CMHC-insured mortgages 3%, $102M Conventional mortgages 24%, $800M Debentures 1%, $25M Credit Facility $3,344M WAIR 3.99% Access to low cost CMHC-insured mortgages. Diversified sources of debt capital. Staggered debt maturities. WAIR = weighted average interest rate
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21 Chartwell Investment Highlights Leading Management Platform Integrated investment, asset management and operating platform. Unparalleled corporate support programs empowering our residences’ leaders to excel. Proven track record of execution. Leading national brand. Attractively Positioned Real Estate Portfolio Geographically diversified portfolio in key Canadian markets. Predominately fully owned high quality properties. Focused in upper to mid-market segment. Successful portfolio optimization strategy underway. Strong Industry Fundamentals Growing Demand & Constrained Supply Accelerating Demand. o Canada’s seniors population growth. o Strong seniors affordability fueled by real estate net worth. o Limited alternatives with shortage of long term care beds. Constrained Supply. o Continued record low construction starts limit incoming supply. o Obsolete inventory being removed from the market. Market imbalance drives higher occupancy and rent growth. FFO Accretive Growth Opportunities High margin internal growth opportunities. Strong liquidity position to fund future accretive initiatives. Strong reputation and relationships deliver growth opportunities. Large pipeline of potential infill and greenfield developments. 1 2 3 4
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22 Current Period Financial Results Q2 2026 Summary Increase/(Decrease) Q2 2026 Q2 2025 $ % Net income/(loss) ($1.3M) ($5.7M) $4.4M n/m FFO (1) $90.5M $67.5M $23.0M 34.0% FFOPU (1) $0.28 $0.24 $0.04 16.7% Same property: Occupancy 94.3% 91.1% n/a 3.2pp Adjusted NOI (2) $86.9M $77.7M $9.2M 11.9% NOIPOS (3) $2.1M $1.9M $0.2M 8.1% (1) Refer to the “Supplemental Information” section on page 26 of this presentation. (2) Refer to the “Supplemental Information” section on page 28 of this presentation. (3) Refer to the “Supplemental Information” section on page 29 of this presentation.
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23 Current Period Financial Results Q2 2026 Same Property Summary Occupancy Adjusted NOI (1) $77.7M $86.9M Growth 11.9% Residences • 94 Residences • 15,539 Suites (14,384 suites at share) Occupancy • Gains in all platforms compared to Q2 2025. Revenue • Higher occupancy. • Increase in REVPOS (2). Operating Expenses • Higher staffing costs, • Higher marketing expenses, and • Higher food and management costs. Q2 2026 average occupancy +320 bps vs Q2 2025 (1) Refer to the “Supplemental Information” section on page 28 of this presentation. (2) Refer to the “Supplemental Information” section on page 29 of this presentation. 91.1% 94.3% Q2 2025 Q2 2026
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24 Current Period Financial Results Q2 2026 Adjusted NOI and Occupancy by Platform Adjusted NOI Occupancy Q2 2026 Q2 2025 Inc/(Dec) $ % Q2 2026 Q2 2025 Change Same Property: Western Canada Ontario Quebec $27.1M $43.1M $16.7M $22.7M $40.1M $14.9M $4.4M $3.0M $1.8M 19.5% 7.4% 12.3% 95.4% 92.8% 95.2% 93.0% 89.8% 91.3% 2.4pp 3.0pp 3.9pp $86.9M $77.7M $9.2M 11.9% 94.3% 91.1% 3.2pp 93.1% 91.7% 92.3% 93.0% 94.0% 94.9% 95.1% 95.4% 85.8% 87.9% 89.5% 89.8% 90.9% 92.9% 93.7% 92.8% 90.1% 90.4% 90.6% 91.3% 93.2% 95.0% 95.4% 95.2% 80% 82% 84% 86% 88% 90% 92% 94% 96% 98% 100% Q3-2024 Q4-2024 Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 Q2-2026 Retirement Same Property Occupancy - Quarterly Trend Western Ontario Quebec
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25 Supplemental Information Reconciliation Table – Adjusted NOI ($000s) 12 months December 31, 2025 Subtract: 2025 YTD Add: 2026 YTD 12 months June 30, 2026 Total portfolio Adjusted resident revenue 1,112,462 532,469 640,941 1,220,934 Adjusted other property revenue 18,229 9,240 10,443 19,432 Adjusted property revenue 1,130,691 541,709 651,389 1,240,366 Adjusted DOE 681,242 328,435 382,767 735,574 Adjusted NOI 449,449 213,274 268,617 504,792
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26 Supplemental Information Reconciliation Table – FFO and FFOPU ($000s, except per unit amounts, number of units, and payout ratio) Q2 2026 Q2 2025 Change 2026 YTD 2025 YTD Change Net income/(loss) (1,339) (5,737) 4,398 6,653 27,457 (20,804) Add (Subtract): B Depreciation of PP&E 74,677 59,694 14,983 141,831 112,386 29,445 D Amortization of limited life intangible assets 341 439 (98) 719 905 (186) B Depreciation of PP&E and amortization of intangible assets used for administrative purposes included in depreciation of PP&E and amortization of intangible assets above (892) (833) (59) (1,885) (1,713) (172) E Loss/(gain) on disposal of assets 409 (249) 658 (2,011) (60,501) 58,490 J Transaction costs arising on dispositions 1,196 1,674 (478) 1,499 6,131 (4,632) H Impairment losses/(reversals) (3,549) (1,963) (1,586) (3,549) (1,963) (1,586) F Tax on gains or losses on disposal of properties - (157) 157 - 7,968 (7,968) G Deferred income tax 9,797 5,962 3,825 21,183 17,579 3,604 O Distributions on Class B Units recorded as interest expense 226 224 2 449 452 (3) M Changes in fair value of financial instruments 6,867 7,608 (741) 7,311 13,087 (5,776) Q FFO adjustments for Equity-Accounted JVs 2791 973 1,818 3,902 2,104 1,798 U Non-controlling interest - (82) 82 - (170) 170 FFO 90,524 67,553 22,971 176,102 123,722 52,380 Weighted average number of units (000) 327,251 285,514 41,737 323,832 281,749 42,083 FFOPU 0.28 0.24 0.04 0.54 0.44 0.10 Distributions declared on Trust Units 50,736 43,473 7,263 99,817 85,741 14,076 FFO Payout Ratio 56.0% 64.4% (8.4pp) 56.7% 69.3% (12.6pp)
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27 Supplemental Information Reconciliation Table – FFOPU and Payout Ratio LTC Discontinued Operations ($000s, except per unit amounts, number of units, and payout ratio) 2020 2021 2022 2023 2024 2025 2021 2022 2023 Net income/(loss) 14,879 10,132 49,531 128,273 22,378 29,495 22,143 4,150 189,214 Add (Subtract): B Depreciation of PP&E 174,091 160,382 154,804 154,005 166,371 245,509 1,816 9,255 - D Amortization of limited life intangible assets 5,590 7,709 3,350 2,690 2,195 1,739 202 975 - B Depreciation of PP&E and amortization of intangible assets used for administrative purposes included in depreciation of PP&E and amortization of intangible assets above (5,635) (7,907) (4,791) (4,461) (4,092) (3,626) - - - E Gain on disposal of assets (25,072) (44,840) (71,743) (190,747) (53,963) (62,918) 8 - (178,673) H Impairment losses/(reversals) 3,200 850 - 1,665 5,518 (12,963) - - - E Remeasurement gain - - - 10,898 - - - - - J Transaction costs arising on dispositions 996 1,374 2,727 27,231 (255) 6,719 735 735 498 G Deferred income tax (3,865) 984 14,131 (24,510) 34,752 43,675 - - - O Distributions on Class B Units recorded as interest expense 944 937 937 936 927 898 - - - M Changes in fair value of financial instruments and foreign exchange loss/(gain) (3,828) (1,295) (21,785) 21,964 19,875 24,348 - - - Q FFO adjustments for Equity-Accounted JVs 4,561 3,936 (244) 5,246 3,887 4,332 - - - U Non-controlling interest - - - - (131) (254) - - - FFO 165,861 132,262 126,917 133,190 197,462 278,020 24,904 14,380 11,039 Weighted average number of units (000s) 218,212 224,351 237,402 241,688 260,119 293,288 224,351 237,402 241,688 FFOPU ($) 0.76 0.59 0.53 0.55 0.76 0.95 0.06 0.10 0.04 Distributions declared on Trust Units 131,259 136,227 143,548 146,037 158,516 178,797 FFO payout ratio 79% 103% 113% 110% 80% 64%
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28 Supplemental Information Reconciliation Table – Same Property Adjusted NOI (1) Non-GAAP; represents Chartwell’s proportionate share of the results related to our equity-accounted joint ventures. (2) Non-GAAP; represents Chartwell’s proportionate share of the results related to non-controlling interest. ($000s, except occupancy rates) Q2 2026 Q2 2025 Change Property revenue 320,356 268,034 52,322 Add (Subtract): Share from joint ventures (1) 16,382 10,622 5,760 Share from non-controlling interest (2) - (900) 900 Adjusted property revenue 336,738 277,756 58,982 Comprised of: Same property 204,734 187,654 17,080 Growth 88,190 52,022 36,168 Repositioning 43,814 38,080 5,734 Adjusted property revenue 336,738 277,756 58,982 Resident revenue 314,241 263,654 50,587 Add (Subtract): Share from joint ventures (1) 16,234 10,505 5,729 Share from non-controlling interest (2) - (886) 886 Adjusted resident revenue 330,475 273,273 57,202 Comprised of: Same property 199,903 184,723 15,180 Growth 87,097 51,159 35,938 Repositioning 43,475 37,391 6,084 Adjusted resident revenue 330,475 273,273 57,202 Other property revenue 6,115 4,380 1,735 Add (Subtract): Share from joint ventures (1) 148 117 31 Share from non-controlling interest (2) - (14) 14 Adjusted other property revenue 6,263 4,483 1,780 Comprised of: Same property 4,831 2,931 1,900 Growth 1,093 863 230 Repositioning 339 689 (350) Adjusted other property revenue 6,263 4,483 1,780 Direct property operating expense 187,229 159,683 27,546 Add (Subtract): Share from joint ventures 9,696 6,259 3,437 Share from non-controlling interest - (446) 446 Adjusted direct property operating expense 196,925 165,496 31,429 Comprised of: Same property 117,794 109,936 7,858 Growth 48,723 28,574 20,149 Repositioning 30,408 26,986 3,422 Adjusted direct property operating expense 196,925 165,496 31,429 NOI 133,127 108,351 24,776 Add (Subtract): Share from joint ventures 6,686 4,363 2,323 Share from non-controlling interest - (454) 454 Adjusted NOI 139,813 112,260 27,553 Comprised of: Same property 86,940 77,718 9,222 Growth 39,467 23,448 16,019 Repositioning 13,406 11,094 2,312 Adjusted NOI 139,813 112,260 27,553
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29 Supplemental Information Reconciliation Table – REVPOS, DOEPOS, NOIPOS ($000s, except per occupied suites) Q2 2026 Q2 2025 Change 2026 YTD 2025 YTD Change Same property Adjusted resident revenue 199,903 184,723 15,180 398,827 366,140 32,687 Adjusted other property revenue 4,831 2,931 1,900 7,647 6,314 1,333 Adjusted property revenue 204,734 187,654 17,080 406,474 372,454 34,020 Adjusted DOE 117,794 109,936 7,858 234,608 221,414 13,194 Adjusted NOI 86,940 77,718 9,222 171,866 151,040 20,826 Weighted average number of occupied suites (000s) 13,558 13,106 452 13,581 13,066 515 REVPOS 4,915 4,698 217 4,894 4,671 223 DOEPOS 2,896 2,796 100 2,879 2,824 55 NOIPOS 2,138 1,977 161 2,109 1,927 182
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