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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
Bullboard Posts
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(2)
•••
Comment by Tealeaf1on Feb 25, 2018 7:27pm
230 Views
Post# 27618340

RE:RE:Feedback on the Ref.u acquisition anyone?

RE:RE:Feedback on the Ref.u acquisition anyone?
Not sure where you got the 2.7 from. Maybe ref.un
Looking at Year End Financials, Choice made 1.072 FFO diluted and paid out 0,73 or 68.1%
Ref.u made 2.74 FFOand paid out 1.85 or 68%
There is therefore adequate to cover Interest on new Acquisition Debt and cover the Div on new Issue.
It remains in my mind an easy slam dunk to keep Choice as far as the Ref.un share holders are concerned. Better Div altogether.
It may take a year or so for the new management group to make the necessary efficiency changes to extract value
GLTA
Tealeaf, LongChoice and picked up a few more
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities