Loblaw Companies Ltd. (TSX: T.L, Stock Forum) began listing its new real estate investment trust today on the TSX.
Choice Properties REIT (TSX: T.CHP.UN, Stock Forum) holds 415 retail properties, one office complex and nine warehouse properties totalling 35.3 million square feet of gross leasable area, the REIT said in a press release.
Choice Properties was trading at $9.97, down 0.30%, while Loblaw shares were down 1.7% to $46.68, leaving a market cap of $13.2 billion, based on 283.1 million shares outstanding.
The 52-week range is $50.81 and $31.15.