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Choice Properties Real Estate Investment Trust

Choice Properties Real Estate Investment Trust

CHP-UN · TO · Real Estate / REIT - Retail

15.28CAD+0.18 (+1.19%)

Price History

Full chart

Market Stats

Previous Close15.10
Open15.17
Day Range15.16 – 15.59
52-Week Range13.57 – 16.59
Volume1.61M
Market Cap10.67B
P/E (TTM)0.00
Forward P/E14.41
EPS-0.10
Dividend Yield5.29%
Beta0.77
50-Day Avg15.38
200-Day Avg15.58

About

Choice Properties Real Estate Investment Trust is Canada's largest real estate investment trust, guided by a clear purpose: to create places where people thrive. This is how they build enduring value. As a national owner, operator, and developer of high-quality commercial and residential real estate, the firm goes beyond managing assets. The firm creates places that strengthen how tenants and communities live, work, and connect. The firm's platform is built on industry leadership in sustainability, community engagement, and social impact, embedded across how they operate, build, and grow. As a trusted steward of capital, they are committed to disciplined execution, long-term value creation, and responsible growth. Everything they do is guided by core values of Care, Ownership, Respect, and Excellence. Choice Properties Real Estate Investment Trust was established on May 21, 2013 incorporated in Ontario, Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Rael Lee Diamond C.A., CPA
  • Employees0
  • HeadquartersThe Weston Centre, Toronto, ON, Canada, M4T 2S5, Canada
  • Websitehttps://www.choicereit.ca

Leadership

  • Mr. Rael Lee Diamond C.A., CPAPresident, CEO & Director · b. 1977
  • Ms. Erin JohnstonChief Financial Officer
  • Mr. Niall CollinsExecutive Vice President of Development & Construction
  • Mr. David MuallimSenior Vice President of Leasing & Operations
  • Mr. Stefano MorraVice President of Corporate Finance
  • Mr. Charlie CharalambousVice President of Technology?
  • Ms. Simone Elizabeth-Jasmine ColeSenior VP, General Counsel & Secretary
  • Ms. Lisa StreetVice President of Human Resources
  • Ms. Julie RobinsonSenior Vice President of Construction
  • Ms. Rose TassoneVP & Controller

Financials

Income Statement

Currency: CAD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue318.51M682.92M743.10M783.57M829.83M1.15B1.29B1.27B1.29B1.26B1.43B1.37B1.42B
Growth (%)-+114.41%+8.81%+5.45%+5.90%+38.37%+12.22%-1.39%+1.71%-2.15%+13.06%-4.22%+3.68%
Cost of Revenue79.76M172.55M192.18M200.24M209.47M314.44M368.13M384.02M380.31M363.95M390.07M390.80M403.08M
Gross Profit238.75M510.37M550.92M583.33M620.36M833.84M920.42M886.60M912.01M900.64M1.04B978.57M1.02B
Gross Margin74.96%74.73%74.14%74.45%74.76%72.62%71.43%69.78%70.57%71.22%72.72%71.46%71.61%
Operating Expense12.71M23.73M22.61M29.05M24.26M30.18M-4.90M33.64M-42.59M-331.13M63.29M-136.90M685.22M
Operating Income226.04M486.64M528.31M554.29M596.10M803.65M925.32M852.96M954.61M1.23B976.39M1.12B331.48M
Operating Margin70.97%71.26%71.10%70.74%71.83%69.99%71.81%67.13%73.87%97.40%68.29%81.46%23.35%
EBITDA79.12M309.38M-25.73M-128.25M602.64M838.58M926.63M981.61M956.90M1.28B1.14B1.37B236.54M
EBITDA Margin24.84%45.30%-3.46%-16.37%72.62%73.03%71.91%77.25%74.05%101.07%79.99%99.86%16.66%
Net Income67.15M199.61M-155.28M-223.07M404.42M649.58M-581.36M450.69M23.01M744.25M796.69M784.44M-61.19M
Net Income Margin21.08%29.23%-20.90%-28.47%48.73%56.57%-45.12%35.47%1.78%58.85%55.72%57.28%-4.31%
R&D---0.30.490.550.470.360.030.310.57--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense156.11M381.09M349.81M376.05M394.83M553.53M555.56M537.93M528.28M531.77M561.51M581.81M293.54M
Interest Expense % of Total Revenue49.01%55.80%47.07%47.99%47.58%48.21%43.12%42.34%40.88%42.05%39.27%42.49%20.67%

Balance Sheet

Currency: CAD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets7.45B8.19B8.91B9.44B9.92B15.55B15.58B15.65B16.17B16.82B17.31B17.56B17.91B
Total Liabilities6.58B7.15B8.06B8.86B8.99B12.05B12.48B12.12B12.86B13.00B12.94B12.66B7.47B
Total Equity871.65M1.03B835.32M569.37M928.28M3.49B3.09B3.51B3.31B3.82B4.37B4.90B4.58B
Cash51.41M1.33M44.35M5.11M6.41M30.71M41.99M72.25M84.30M64.74M252.42M63.39M71.18M
Total Debt3.38B3.56B3.88B4.10B4.30B7.18B6.54B6.49B6.23B6.55B6.70B6.68B6.80B
Net Debt3.32B3.56B3.84B4.10B4.29B7.15B6.50B6.41B6.15B6.49B6.44B6.62B6.73B

Cash Flow

Currency: CAD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow196.33M476.37M520.64M530.62M504.31M683.63M580.56M621.18M669.43M633.15M641.97M724.73M697.71M
Investing Cash Flow-111.88M-296.69M-414.56M-373.19M-249.50M-1.58B61.60M155.19M-64.12M-616.73M-361.35M-584.21M-550.46M
Financing Cash Flow-33.04M-229.76M-63.06M-196.67M-253.52M923.52M-630.88M-611.15M-728.22M-35.99M-92.94M-329.56M-139.45M
Capital Expenditure35.23M4.32M480.00K384.00K638.00K772.47M322.27M113.43M103.98M379.96M294.69M0163.54M
Free Cash Flow161.10M472.05M520.16M530.24M503.68M-88.84M902.83M507.76M773.41M1.01B641.97M724.73M534.16M
Dividends Paid22.02M114.94M230.49M245.43M262.86M619.30M390.09M571.45M462.96M364.51M245.07M248.37M251.47M
FCF to OCF82.05%99.09%99.91%99.93%99.87%-13.00%155.51%81.74%115.53%160.01%100.00%100.00%76.56%
Dividend Paid to FCF13.67%24.35%44.31%46.29%52.19%-697.10%43.21%112.54%59.86%35.98%38.17%34.27%47.08%

Earnings

Report DateNov 11, 2013Feb 18, 2014Nov 10, 2014Apr 25, 2019Jul 17, 2019Nov 12, 2026
EPS Estimate0.270.280.270.260.26-
EPS Actual0.21-0.020.320.150.14-
Surprise-22.22%-107.14%18.52%-42.31%-46.15%-
TimingPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap10.67B
Enterprise Value17.59B
Trailing P/E0.00
Forward P/E14.41
Price / Sales7.33
Price / Book1.02
EPS-0.10
Book Value12.78
Revenue (TTM)1.46B
Gross Profit (TTM)1.05B
EBITDA978.39M
Profit Margin-5.10%
Operating Margin64.27%
Return on Equity-1.71%
Return on Assets3.42%
Shares Outstanding328.02M
Shares Float315.34M
Beta0.77
Dividend Yield5.29%
Dividend Rate0.78
Payout Ratio70.68%

Dividends

202610×
0.07Oct 30, 20260.07Sep 29, 20260.07Aug 31, 20260.07Jul 31, 20260.07Jun 30, 20260.07May 29, 20260.07Apr 30, 20260.07Mar 31, 20260.06Feb 27, 20260.06Jan 30, 2026
202512×
0.06Dec 31, 20250.06Nov 28, 20250.06Oct 31, 20250.06Sep 29, 20250.06Aug 29, 20250.06Jul 31, 20250.06Jun 30, 20250.06May 30, 20250.06Apr 30, 20250.06Mar 31, 20250.06Feb 28, 20250.06Jan 31, 2025
20242×
0.06Dec 31, 20240.06Nov 29, 2024

Stock Splits

  • Dec 30, 2020993:1000