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

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Choice Properties REIT (CHP.UN.TO)

15.40

+0.12 (0.79%)

as of Sep 4, 2026, 8:00:00 pm Market Open.

207 watching

Investor Insights

Sep 4, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

Choice Properties REIT (CHP.UN-T) is recognized as a top-tier, blue-chip investment within the Canadian real estate sector. With a strategic focus on quality, the REIT's holdings primarily include prominent tenants such as Loblaw and Shoppers Drug Mart, ensuring a stable and reliable income stream. Experts note that the company has recently made significant acquisitions, enhancing its portfolio with defensive and high-quality assets, though caution is advised due to increased leverage and potential short-term dilution effects. Historically, the stock has traded around its net asset value (NAV), which is currently close to $15.25, yet now presents a compelling opportunity for investors looking to increase their holdings during market pullbacks. With a yield of approximately 5.3%, this REIT appears to offer a solid long-term investment opportunity for those seeking stable returns.

Consensus

Positive

Valuation

Fair Value

Similar

BPF.UN

PAST TOP PICK

(A Top Pick Mar 29/19, Up 6%) This REIT that merged with Canadian REIT. You're getting the Canadian REIT management running this. Intensification with mixed used developments in their Loblaw locations is positive. One of the premier choices.

BUY ON WEAKNESS

Loblaws is the anchor tenant. One of the largest Canadian REITs with assets valued at $10 billion. The also hold office and retail assets. He used to own them, but feel they are little expensive trading at 18 times earnings -- he would prefer it at 15 times. Management is strong.

WAIT

Choice Properties vs. CT REIT. Loblaw spinout. More exposure to office, industrial, and multi-family. Still working through integration. Long-term, steady eddy hold. Modest distribution increases. Massive development pipeline. For CT REIT, a very comfortable hold. At least 4% earnings growth. Long runway. Doesn't own either, as the economy isn't in a recession where she needs to own these bond proxies. But they're both great stocks.

HOLD

The spin-off from Loblaws. They are well situated as the properties are leased to Loblaw stores. REITs will be interest rate sensitive, so if rates rise this could be impacted. If you own it, continue to hold.

BUY

It was a spin-off from L-T originally. They merged with CREET, who is a long standing super successful REIT with one of the best management teams out there. The marriage of these two brought a stellar portfolio together with a management team that knows how to operate through full cycles in a conservative manor. It should be a competitive force. There will be a lot of built-in future growth in the redevelopment of urban properties. There are no immediate catalysts at this point but worth holding on to.

TOP PICK

The managers of Canadian REIT, which merged with this and he highly regards, runs Choice. That's important. They can intensify the Loblaw shopping centres by adding retail and apartments, as in four sites in the GTA. This pays a 5% yield. Loblaw is its main tenant, so it's solid. (Analysts’ price target is $13.68)

COMMENT

Trades at a reasonable 15x AFFO under solid managers. It's also defensive. Problem is it doesn't excite him enough as a REIT. You'll collect the 6-7% yield plus a small bump in price. In the last three months, REITs have been on a tear because interest rates have fallen and should rise another 2-5%.

BUY

Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run.

PARTIAL SELL

Nice breakout above $12.50 in 2016 to 2018, then went below. That support level becomes resistence to the upside. He needs to see it break through this level again. Until then, lighten your position.

HOLD

A great company, he feels, although it depends on your time frame. The Weston family is the largest shareholder as this was the real estate arm of Loblaw’s. Their recent acquisitions expands their business scope into transit hubs and residential in Toronto. This will take a few years.

HOLD

Defensive in nature as the main anchor is Loblaw. They transitioned out of it 6 months ago. Trading at 16 times Price-to-AFFO (after funds from operations). In general the sector goes where interest rates are going.

COMMENT

Choice REIT and relationship with Loblaw A year ago, Loblaw spun their real estate into a REIT, because real estate assets garners higher valuations than grocery stores to allow investors to buy the grocery side alone or the real estate that underlines the grocery stores. Canadian Tire did the same thing. He owns no grocers; there's too much competition.

BUY

The easy money has been made with the support of global QE. Now, you have to stick to the true winners, so go stock-specific. Choice Properties is good for that, the Loblaw-sponsored REIT with Loblaw as the main tenant that acquired CREIT earlier this year. The synergy is amazing. This will shape real estate in Canada whereby tenants will colllaborate with landlords as collaborators who together who find the best use of space to benefit both parties.

HOLD

Choice or Riocan to sell? He sold Choice recently. It disapointed him. This was Loblaw that spun into a REIT. Choice just merged with CREIT which has seaoned management. He doesn't like Choice--it's decayed more than the REIT sector. It'll be a work in progress for a while. He would sell Riocan and hold Choice, because Choice has come off so much.

HOLD

They are in the midst of acquiring another REIT. They are diversifying away from Loblaw’s. He likes the combined entity. He is currently short because of the spread on the acquisition.

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Choice Properties REIT (CHP.UN.TO)