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    REIT - Retail
Choice Properties Real Estate Investment Trust

Choice Properties Real Estate Investment Trust

CHP-UN.TO
Choice Properties Real Estate Investment TrustCA flagToronto Stock Exchange
16.55
CAD
+0.01
- -
5.43BMarket Cap
Choice Properties Real Estate Investment Trust
CHP-UN.TO
(Toronto Stock Exchange)

Recent

price

16.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.88
1.79
1.85
1.92
2.02
1.97
1.87
1.8
1.79
1.75
1.84
1.89
1.95
1.47
Revenue per Share
0.18
0.52
-0.39
-0.55
0.98
1.12
-0.84
0.64
0.03
1.03
1.1
1.08
-0.08
-0.41
Basic EPS, GAAP
0.72
1.23
1.31
1.3
1.22
0.7
0.84
0.88
0.93
0.92
0.89
1
0.96
0.72
Free Cash Flow per Basic Share
0.06
0.3
0.57
0.6
0.64
1.06
0.57
0.81
0.64
0.5
0.34
0.34
0.35
0.26
Dividend per Share
10.69
11.31
11.74
12.37
13.28
14.46
13.35
13.59
14.53
15.32
15.97
16.72
17.43
17.61
Book Value per Share
10.62
11.1
11.4
11.88
12.63
13.68
12.33
12.22
12.85
13.33
13.65
14.05
14.42
14.51
Tangible Book Value per Share
364
382
402
409
411
582
689
708
723
723
724
724
724
724
Basic Weighted Avg Shares
319
683
743
784
831
1,148
1,289
1,271
1,292
1,265
1,335
1,369
1,415
1,066
Sales/Revenue/Turnover
70.97
71.26
71.1
70.64
71.86
69.57
68.15
66.19
67.44
67.36
65.89
66.43
67.21
66.74
Operating Margin (%)
- -
- -
1
1
1
- -
- -
1
1
1
1
1
1
1
Depreciation Expense
67
200
-155
-223
404
650
-581
451
23
744
797
784
-61
-295
Net Income, GAAP
- -
- -
- -
- -
- -
0.08
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
21.08
29.23
-20.9
-28.47
48.69
56.57
-45.12
35.47
1.78
58.85
59.69
57.28
-4.33
-27.64
Profit Margin (%)
-149
-142
-417
-364
-744
-675
-784
-372
-705
-542
-716
-520
-421
-419
Working Capital
3,286
3,556
3,579
3,899
3,648
6,681
5,825
6,158
5,712
5,896
5,731
6,002
6,298
6,313
LT Debt
3,860
4,246
4,585
4,860
5,197
7,992
8,522
8,672
9,322
9,666
9,890
10,184
10,446
10,514
Total Equity
- -
6.47
- -
- -
6.47
6.47
- -
- -
- -
- -
5.36
- -
- -
- -
Return on Invested Capital (%)
- -
7.67
- -
- -
8.43
9.48
- -
- -
- -
- -
7.57
- -
- -
- -
Return on Capital (%)
- -
4.86
-3.43
-4.56
7.69
9.36
-6.6
4.79
0.23
6.89
7.04
6.63
-0.49
-2.36
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
507
504
LT Borrowings
- -
6,298
6,313
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
724
724
Market Capitalization
10,640
10,720
11,118

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
741
475
Cash, Cash Equivalents & STI
- -
71
35
Accounts Receivable, Net
- -
85
99
Inventories
- -
2
2
Total Current Liabilities
- -
1,162
894
Payables & Accruals
- -
655
390
ST Debt
- -
507
504
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.42%
3.81%
2.58%
Free Cash Flow
3.89%
2.56%
-3.73%
Net Income, GAAP
239.36%
587.52%
-107.8%
Sales/Revenue/Turnover
7.15%
2.2%
3.3%
Total Cash Common Dividend
8.83%
-14.08%
1.25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
349
335
340
345
1,369
2025
347
351
- -
354
1,415
2026
361
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.71
-0.92
- -
1.08
2025
-0.13
-0.21
- -
- -
-0.08
2026
-0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.09
0.09
- -
0.34
2025
0.09
0.09
- -
- -
0.35
2026
0.09
- -
- -
- -
- -
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Business
Choice Properties Real Estate Investment Trust (Choice Properties REIT) is Canada's largest real estate investment trust that owns, operates, develops and manages a diversified portfolio of commercial retail, industrial, mixed-use and residential properties across the country; its holdings total approximately 756 properties encompassing 68.0 million square feet of gross leasable area, with a primary emphasis on necessity-based retail centers anchored by supermarkets from its principal tenant Loblaw Companies Limited, as well as standalone supermarkets, industrial facilities and mixed-use developments including residential components. The portfolio spans key regions including Ontario and Quebec, followed by Alberta, Manitoba, British Columbia, Saskatchewan, Nova Scotia and New Brunswick, generating the majority of revenue from leasing to necessity-driven tenants. Founded in 2013 and headquartered at 22 St. Clair Avenue East in Toronto, Ontario, the company maintains a strategic alliance with Loblaw Companies Limited—whose parent George Weston Limited holds a 63% interest—granting Choice Properties rights of first offer on Loblaw property sales and development opportunities in Canada. Recent developments include the acquisition of $340.3 million in investment properties subsequent to Q1 2025, primarily through sale-leaseback transactions with Loblaw; in Q3 2025, completion of $17.4 million in transactions such as acquiring a 50% interest in a retail development in Nepean, Ontario for $8.7 million; and TSX approval on November 19, 2024, for a normal course issuer bid to repurchase up to 27,566,130 units over twelve months.