Choice Properties REIT (CHP.UN.TO) Buy, Sell…

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Choice Properties REIT (CHP.UN.TO)

15.93

+0.06 (0.38%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

207 watching

Investor Insights

Jun 5, 2026, 12:00 am

This summary was created by AI, based on 7 opinions in the last 12 months.

Choice Properties REIT (CHP.UN-T) is perceived as a blue-chip investment primarily due to its stable and high-quality profile, backed by a robust tenant, Loblaw, which constitutes a significant portion of its rental income. The company's diverse asset base, comprising mainly retail, industrial, and mixed-use residential properties, contributes to its defensive nature. While experts acknowledge its stability and safety, they also suggest that it trades around its net asset value (NAV), making it less attractive for value investors who prefer buying at a discount. The recent acquisition of assets from FCR.UN adds complexity, introducing higher leverage temporarily, but positions the REIT for long-term growth and income. Experts recommend buying on pullbacks for better returns over time, viewing it as a suitable option for retirees seeking steady income.

Consensus

Positive

Valuation

Fair Value

Similar

AP.UN

BUY

REIT companies getting better with lower interest rates. Would recommend buying.

TOP PICK

Excellent chart that is setting up well in this economic cycle. Relative strength is improving versus the TSX Composite. Showing signs of institutional accumulation. Positives that indicate the technical profiles of the stock are strengthening, and are supportive of further upside.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Nov 07/23, Up 8.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CHP.UN is progressing well. At this time we recommend trailing up the stop (from $11.50) to $12.50 to remain disciplined.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly

The CHP.UN portfolio of this REIT is highly tied to the success of Loblaws as it tenants. It trades at 14x earnings, under book value and supports a ROE of 29%. It has a good dividend, backed by payout ratio under 50% of cash flow. We recommend placing a stop at $11.50 -- looking to achieve $16 -- upside potential of 20%. Yield 5.6%

(Analysts’ price target is $15.56)

BUY

They control Loblaw, which anchors a strong portfolio. Is stable. Hold many industrial warehouses. Solid managers running a solid balance sheet. Pays over a 5% dividend. Shares now are not a bargain, but a solid investment.

BUY

Largest REIT in Canada. Trades at discount to net asset value. Diversified retail, but has 3/4 of assets in retail. Growing industrial section of portfolio. Is a defensive name with solid yield and growing cash flow. Excellent management team.

HOLD

Stable income provider you can add to any portfolio. Likes it. Great real estate nationally. Biggest tenant is Loblaw, so it has a secure cashflow. An element of growth, which is unique, from the industrial sector. Nice combination of safety and growth. Hold, sleep well at night with the distribution yield.

BUY

He really likes this one. It is heavily weighted toward retail. 95% of its retail centers are anchored by a grocery store or Shoppers Drug Mart. They are almost going at a premium from pre-pandemic values. This tells you how resilient the cash flow is. They have an office portfolio but he likes that their typical tenant is smaller and it is the larger ones that will reduce rented space. It is a great combination of safety plus growth.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The REIT has stable tenants such as Loblaw and Shoppers. A good income play. Has been collecting rent at a good rate. Payout ratio is near 80% but cash flow is stable. Unlock Premium - Try 5i Free

BUY

CT REIT (Canadian Tire) vs. Choice Properties (Loblaw) based on dividends for seniors He likes both REITs. Both dividends are safe, Choice paying 5.4% and CT 4.9%, and both well run. He owns Choice and bullish their outlook. He likes Loblaw as an operator and there is opportunity here. CT is very stable, with their development in Toronto's Yonge/Eglinton, a fantastic location, but very patient with this coming online in several phases.

BUY

80% of its assets are retail. He shies away from retail, but Loblaw owns half of those assets, which is stable and boasts high rent collection. The company is in good hands and the dividend is safe. Managers are doing a good job to diversify into apartments and industrial spaces to diversify away from retail.

DON'T BUY

This was spin out of Loblaw in 2018. It has a large development pipeline in mixed use in great areas that will take 10-20 years to complete. So, there's long growth. Debt is too high for her tastes and expects them to come to market for capital. Choice has held in fairly well, benefitting from strong demand for grocery stores. Recently their report indicate high debt outside the grocers. There are better opportunities in industrials and apartments.

BUY

It has L-T as their largest tenant. He thinks very highly of management. The stock is pretty well valued today. It is a very safe company.

HOLD

Not on his target list. It trades at 14 times earnings -- pretty cheap. The balance sheet is a little more levered than he would like. Earnings growth is not great. If you think interest rates will not change and remain low, he would prefer others. A quality name though.

COMMENT

CHP.UN vs. CRT.UN Choice Properties is the largest Canadian REIT. Strong management. Good pipeline, so no shortage of growth. Working to reduce leverage. Nothing wrong with it. Great company. Fairly valued, so better opportunities elsewhere. She prefers Canadian Tire, mainly on the valuation. More short-term upside.

Showing 16 to 30 of 66 entries

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Choice Properties REIT (CHP.UN.TO)