Choice Properties Real Estate Investment Trust

Choice Properties Real Estate Investment Trust

9.40
EUR
-0.10
(-1.05%)
7.31BMarket Cap
Nov 12Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
- -
Basic EPS, GAAP
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
- -
Free Cash Flow per Basic Share
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
- -
Dividend per 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
0.33
Book Value per Share
10.39
10.72
11.23
11.82
12.55
11.95
12.16
11.99
12.89
13.36
13.67
14.07
14.43
14.73
Tangible Book Value per Share
10.39
10.72
11.23
11.82
12.55
11.91
12.12
11.95
12.85
13.33
13.65
14.05
14.42
14.71
Basic Weighted Avg Shares
364
382
402
409
411
582
689
708
723
723
724
724
724
585
Sales/Revenue/Turnover
319
683
743
784
831
1,148
1,289
1,271
1,292
1,265
1,335
1,369
1,415
- -
Operating Margin (%)
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
- -
Depreciation Expense
- -
- -
1
1
1
- -
- -
1
1
1
1
1
1
- -
Net Income, GAAP
67
200
-155
-223
404
650
-581
451
23
744
797
784
-61
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
0.08
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
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
- -
Working Capital
-149
-142
-417
-364
-744
-675
-784
-372
-705
-542
-716
-520
-421
-1,035
LT Debt
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
5,722
Total Equity
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
10,659
Return on Invested Capital (%)
- -
6.47
- -
- -
6.47
5.33
- -
- -
- -
- -
5.36
- -
- -
- -
Return on Capital (%)
- -
7.72
- -
- -
8.65
9.75
- -
- -
- -
- -
8.28
- -
- -
- -
Return on Common Equity (%)
- -
4.93
-3.52
-4.73
8.06
9.86
-7.05
5.25
0.26
7.84
8.15
7.82
-0.59
- -

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
507
504
1,065
LT Borrowings
6,298
6,313
5,722
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
724
724
724
Market Capitalization
10,735
11,170
11,853

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
741
475
540
Cash, Cash Equivalents & STI
71
35
46
Accounts Receivable, Net
85
99
138
Inventories
2
2
2
Total Current Liabilities
1,162
894
1,575
Payables & Accruals
655
390
510
ST Debt
507
504
1,065
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

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

CAD

•

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
361
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.71
-0.92
1.63
1.08
2025
-0.13
-0.21
- -
-0.12
-0.08
2026
-0.12
-0.24
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.09
0.09
0.13
0.34
2025
0.09
0.09
- -
0.14
0.35
2026
0.09
0.09
- -
- -
- -

Company Description

CEO
Rael L. Diamond
Full Time Employees
266
Sector
Finance
Industry
Real estate investment trusts
Address
The Weston Centre Toronto ON Canada M4T 2S5
IPO Date
Jul 5, 2013
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.

Company News

  • Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of October, 2026

  • Choice Properties Real Estate Investment Trust Schedules Third Quarter 2026 Results Release

  • Choice Properties Real Estate Investment Trust Completes Issuance of $300 million of Series Y Senior Unsecured Debentures

  • Choice Properties Real Estate Investment Trust Announces Issuance of $300 million of Series Y Senior Unsecured Debentures

  • Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of September, 2026

  • Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of August, 2026

  • Choice Properties Real Est Invstmnt Trst Q2 Earnings Call Highlights

  • Choice Properties Real Estate Investment Trust (CHP.UN:CA) Q2 2026 Earnings Call Transcript

  • Choice Properties Real Estate Investment Trust Reports Results for the Three and Six Months Ended June 30, 2026

  • Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of July, 2026

  • Choice Properties Real Estate Investment Trust Schedules Second Quarter 2026 Results Release

  • Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of June, 2026

  • Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of May, 2026

  • Choice Properties Real Estate Investment Trust Announces Election of Trustees

  • Choice Properties Real Estate Investment Trust (CHP.UN:CA) Shareholder/Analyst Call Prepared Remarks Transcript

  • Choice Properties Real Estate Investment Trust (CHP.UN:CA) Q1 2026 Earnings Call Transcript

  • Choice Properties Real Estate Investment Trust Reports Results for the Three Months Ended March 31, 2026

  • Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of April, 2026

  • Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of March, 2026

  • Choice Properties Real Estate Investment Trust Schedules First Quarter 2026 Results Release and Annual Meeting of Unitholders