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Home CompaniesChoice Properties Real Estate Investment Trust

Choice Properties Real Estate Investment Trust

Real Estate REIT - Retail
PortfolioPortfolio WatchlistWatchlist
Company price
15.245 CAD 0.29 ( 1.97%)
Last update at 2026-11-04T20:31:00Z
VOLUME
718565
Market Cap
10145.53M
P/E
15.24

Momentum Score

…

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties. We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
15.01
Low
15.26
High
52 Week Price Range
11.66
Low
14.88
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Choice Properties Real Estate Investment Trust is a Canadian REIT that owns and manages a portfolio of primarily grocery-anchored retail properties plus industrial and mixed-use assets across Canada. Long-term growth may be supported by predictable cash flows from long-term leases with national anchors, indexed rent escalations, and a development pipeline that could support diversification and capital recycling.

Key risks include heavy tenant concentration with reliance on a single large tenant, sensitivity to interest rates and property valuations, and execution risk on redevelopment projects.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
14.95
Dividend Yield
5.31%
Revenue TTM
1381.20M
Revenue Per Share
4.21
Gross Profit TTM
972.42M
Debt / Equity
1.71
ROE
14.19%
Net Debt
6486.98M
ROCE
7.90%
Diluted EPS TTM
0.92

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 744.14M 22.33M 448.89M -582.15M 650.12M
Minority interest - - 7.80M 7.80M 7.80M
Net income 744.25M 23.01M 450.69M -581.36M 649.58M
Selling general administrative 46.62M 39.62M 36.17M 37.98M 30.18M
Gross profit 900.64M 912.01M 886.60M 920.42M 833.84M
Reconciled depreciation 1.00M 2.29M 1.00M 1.31M -
Ebit 1231.77M 954.61M 852.96M 925.32M 838.09M
Ebitda 1232.77M 956.90M 854.51M 926.63M 1201.26M
Depreciation and amortization 1.00M 2.29M 1.55M 1.31M -
Operating income 1231.77M 954.61M 852.96M 925.32M 803.65M
Other operating expenses 412.77M 420.72M 429.56M 410.42M 344.62M
Interest expense 531.77M 528.28M 537.93M 555.56M 551.15M
Tax provision -0.12M -0.68M -1.80M -0.80M 0.54M
Interest income 27.36M 20.08M 13.64M 11.55M 14.22M
Net interest income -509.50M -514.45M -527.08M -540.29M -536.92M
Income tax expense -0.12M -0.68M -1.80M -0.80M 0.54M
Total revenue 1264.59M 1292.32M 1270.61M 1288.55M 1148.27M
Total operating expenses 48.82M 40.41M 45.55M 42.29M 30.18M
Cost of revenue 363.95M 380.31M 384.02M 368.13M 314.44M
Total other income expense net -487.63M -932.28M -404.07M -1507.48M -153.54M
Net income from continuing ops 744.25M 23.01M 450.69M -581.36M 649.58M
Net income applicable to common shares 744.25M 23.01M 450.69M -581.36M 649.58M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 16819.53M 16172.60M 15647.24M 15576.19M 15549.22M
Intangible assets - - - 30.00M 30.00M
Other current assets 50.40M 5.52M 11.04M 109.70M 8.40M
Total liab 12995.37M 12862.41M 12124.70M 12478.18M 12049.23M
Total stockholder equity 3824.15M 3310.19M 3514.74M 3090.22M 3492.18M
Deferred long term liab 8.32M 8.63M 1.42M 1.43M 2.23M
Other current liab 215.64M 213.09M 140.94M 187.66M 67.43M
Common stock 3661.61M 3660.94M 3652.62M 3409.84M 2978.34M
Capital stock 3661.61M 3660.94M 3652.62M 3409.84M 2978.34M
Retained earnings 1578.99M 834.74M 811.73M 361.05M 942.41M
Other liab 158.96M 187.93M 139.33M 146.64M 145.59M
Other assets 646.71M 302.81M 255.09M 217.91M 189.35M
Cash 64.74M 84.30M 72.25M 41.99M 30.71M
Total current liabilities 1234.20M 1116.58M 803.54M 1216.47M 869.02M
Net debt 6486.98M 6145.71M 6413.27M 6498.69M 7146.65M
Short term debt 655.73M 518.51M 327.27M 715.61M 496.04M
Short long term debt 655.73M 518.51M 327.27M 718.42M 496.04M
Short long term debt total 6551.72M 6230.01M 6485.52M 6540.69M 7177.36M
Other stockholder equity -1429.37M -1186.85M -944.63M -679.40M 7.37M
Property plant equipment 14446.03M 14931.96M 14393.08M 14379.97M 14501.00M
Total current assets 692.43M 412.00M 431.66M 432.22M 193.80M
Long term investments 1298.14M 650.98M 642.02M 606.09M 734.17M
Net tangible assets 3802.78M 3282.19M 3485.74M 3060.22M 3462.18M
Short term investments -302.31M 0.00M 134.97M - -
Net receivables 558.51M 317.55M 224.44M 292.43M 163.09M
Long term debt 5895.98M 5711.50M 6158.25M 6540.69M 6681.32M
Inventory 18.79M 10.14M - - -
Accounts payable 578.47M 598.07M 476.26M 500.86M 372.98M
Accumulated other comprehensive income 12.93M 1.36M -4.99M -1.26M 7.37M
Non currrent assets other 14698.08M 15081.62M 14544.56M 14507.89M 14591.25M
Non current assets total 16127.10M 15760.60M 15215.58M 15143.98M 15355.42M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -616.73M -28.05M -9.58M -29.80M -2.32M
Change to liabilities 7.22M 129.17M -30.13M 133.61M -215.62M
Total cashflows from investing activities -616.73M -64.12M 155.19M 61.60M -1582.84M
Net borrowings 334.90M -258.38M -36.35M -641.31M 1919.97M
Total cash from financing activities -35.99M -728.22M -611.15M -630.88M 923.52M
Change to operating activities - -104.09M 78.44M -126.06M 268.63M
Net income 744.25M 23.01M 450.69M -581.36M 649.58M
Change in cash -19.57M -122.92M 165.23M 11.28M 24.31M
Begin period cash flow 84.30M 207.22M 41.99M 30.71M 6.41M
End period cash flow 64.74M 84.30M 207.22M 41.99M 30.71M
Total cash from operating activities 633.15M 669.43M 621.18M 580.56M 683.63M
Issuance of capital stock - - 0.00M 395.06M -
Depreciation 1.00M 2.29M 1.00M 0.13M 0.49M
Dividends paid 364.51M 462.96M 571.45M 390.09M 619.30M
Change to inventory - - 88.21M -100.00M -
Change to account receivables -11.12M 1.78M -43.06M -55.10M -12.94M
Sale purchase of stock - - - -221.40M -98.66M
Other cashflows from financing activities 777.28M 342.29M 992.30M -237.94M 2166.48M
Change to netincome -114.21M 613.14M 145.06M 1174.53M -290.50M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital -3.90M 26.86M 21.66M -21.09M 43.48M
Stock based compensation 7.97M - - 11.84M 2.46M
Other non cash items -116.17M 617.26M 148.84M 1171.17M -12.39M
Free cash flow 633.15M 669.43M 621.18M 580.56M 683.63M

Peer Comparison*

Sector: Real Estate Industry: REIT - Retail

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CHP-UN
Choice Properties Real Estate Investment Trust		 0.29
1.97%		 15.24 15.24 13.72 7.35 0.95 8.73 9.26
REI-UN
RioCan Real Estate Investment Trust		 0.40
1.89%		 21.61 37.32 10.32 4.73 0.73 11.02 36.83
SRU-UN
SmartCentres Real Estate Investment Trust		 0.39
1.43%		 27.67 8.62 12.05 4.47 0.79 11.07 12.00
CRT-UN
CT Real Estate Investment Trust		 0.39
2.21%		 18.00 14.82 10.80 6.24 2.00 8.99 13.02
FCR-UN
First Capital Real Estate Investment Trust		 0.14
0.60%		 23.30 - 13.40 4.60 0.86 10.60 -47.84

Profile*

Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties. We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

22 St. Clair Avenue East, Toronto, ON, Canada, M4T 2S5

416-960-6990

https://www.choicereit.ca

285

Name Title Year Born
Mr. Rael Lee Diamond CA Pres & CEO 1977
Mr. Mario Barrafato Chief Financial Officer 1965
Ms. Ana Radic Exec. VP of Leasing & Operations 1972
Ms. Doris L. Baughan Sr. VP, Gen. Counsel & Sec. NA
Mr. Mario Fatica Sr. VP of Construction & Devel. NA
Ms. Jennifer Maccarone VP of HR NA
Mr. Evan Williams Sr. VP of Retail Leasing NA
Mr. Andrew Reial Sr. VP of Office & Industrial 1979
Mr. Salman Hirani VP of Asset Management & Devel. NA
Ms. Erin Johnston VP of Fin. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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