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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

Choice Properties Real Estate Investment Trust > New Press Release - Choice Properties Real Estate Investment Trust Reports Results for the Six Months Ended June 30, 2024
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Comment by retiredcfon Jul 19, 2024 10:27am
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Post# 36139936

RE:New Press Release - Choice Properties Real Estate Investment Trust Reports Results for the Six Months Ended June 30, 2024

RE:New Press Release - Choice Properties Real Estate Investment Trust Reports Results for the Six Months Ended June 30, 2024Based on this, it looks like a very slight miss on FFO but a huge beat on revenue. GLTA

Choice Properties REIT misses analyst estimates on FFO: Choice Properties REIT, the Loblaws-linked real estate arm, posted quarterly results after the bell on Thursday and the numbers showed that the trust slightly missed analysts’ expectations on funds from operations (FFO), a closely watched metric for REITS. The figure came in at $0.255. That’s up from $0.254 last year, but below the $0.26 that analysts were looking for. Net income, meanwhile, came in at $513.2 million, below last year’s level but well ahead of the $107 million estimate.
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