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Choice Properties Real Estate Investment Trust T.CHP.UN

Alternate Symbol(s):  PPRQF

Choice Properties Real Estate Investment Trust is a real estate investment trust that creates value through the ownership, operation, and development of commercial and residential properties. The Company’s portfolio is comprised of retail properties primarily leased to necessity-based tenants. It also owns a portfolio of industrial, mixed-use, and residential assets concentrated in markets across Canada. Its retail portfolio is primarily leased to grocery stores, pharmacies, and other necessity-based tenants. Its industrial portfolio is centered around large, purpose-built distribution facilities for Loblaw and generic industrial assets that accommodate the diverse needs of a range of tenants. Its industrial properties are in target distribution markets across Canada. Its residential properties include both newly developed purpose-built rental buildings and residential-focused mixed-use communities. It is the owner and manager of over 64 million square feet of gross leasable area.


TSX:CHP.UN - Post by User

Post by materialsgirlon Jun 03, 2022 9:17am
311 Views
Post# 34729180

Industrial properties to grow by 38%

Industrial properties to grow by 38%Choice Properties currently holds 114 industrial properties totaling 17.2 million square feet. With the Development, Choice Properties now has approximately 6.5 million square feet under development or in various stages of the rezoning and planning process, further expanding its pipeline of opportunity to grow its industrial portfolio.
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The growth should happen over the next 1 to 4 years.  Of course additional properties may be 
announced and we could grow  by 50% or 60% over this time.

Income will be steady and reliable as this segment becomes a bigger part of the company.

mat


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