TSE:CHP.UN
Choice Properties REIT (CHP.UN.TO)
Financials 
Technical Analysis 
Jun 26, 2026, 12:00 amThis summary was created by AI, based on 7 opinions in the last 12 months.
Choice Properties REIT (CHP.UN-T) is recognized as a leading, high-quality Canadian REIT, heavily anchored by Loblaw and Shoppers Drug Mart. Most experts agree on its defensive nature and stability, particularly noting the recent acquisition of half the assets of FCR.UN as a strategic move, despite an anticipated short-term dilution. The REIT primarily operates in the grocery-anchored retail and industrial sectors, presenting a solid growth outlook in a low construction environment due to consistent demand. Its current yield of around 5.1% to 5.3% and strong balance sheet further underpin its status as a reliable income source, especially for retirees seeking stable returns. However, the consensus also suggests that while it offers steady yields, the stock may not experience significant price appreciation, making it more suitable for those focused on income rather than capital gains.
Brand new IPO that was spun out of Loblaw’s to hold the majority of their real estate. Better quality real estate than he anticipated, the payout ratio was excellent and the leverage was very low. Experienced management which he likes. Didn’t like some of the aspects of the strategic alliance agreement between Loblaw’s and this company. It limited some of their ability to create value and growth one forward. Also, in a rising interest rate environment, they are only going to generate 1.5% growth 5 years out from now.
Very stable company. Has a great covenants in Loblaw’s (L-T) but there isn’t a lot of rent growth going forward. However, if you are happy with the yield, that is fine and that yield is very safe. He prefers companies with a little more growth so you could combine this with another company.
Day 1 of trading was Friday. This is day 2 of trading this REIT. A decent REIT and he participated in the IPO. Great properties and top quality tenants but they are single tenant properties. Decent dividend 6.5%. 1 to 1.5% operating growth. Lots of stability. It is very bond like.
Andrew Hamlin'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20scale(-1,%201)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
You may also like
- H&R Real Estate Inv Trust (HR.UN.TO)
- Brookfield Property Partners (BPY.UN.TO)
- Bank of Nova Scotia (BNS.TO)
- Canadian Imperial Bank of Commerce (CM.TO)
- Dream Office REIT (D.UN.TO)
- Manulife Financial (MFC.TO)
- Magna Int'l. (A) (MG.TO)
- Pembina Pipeline Corp (PPL.TO)
- Crescent Point Energy Corp (CPG.TO)
- BCE Inc. (BCE.TO)
(Market Call Minute.) Not a lot of growth. The leases are structured so that no growth comes in for about 4-5 years.