TSE:CHP.UN
Choice Properties REIT (CHP.UN.TO)
Financials 
Technical Analysis 
Jul 17, 2026, 12:00 amThis summary was created by AI, based on 3 opinions in the last 12 months.
Choice Properties REIT (CHP.UN-T) is highly regarded by experts as a blue-chip, high-quality investment, being the largest REIT in Canada and primarily anchored by Loblaw and Shoppers Drug Mart properties across the nation. The company is praised for its stability, typically trading around its net asset value (NAV), and has recently made a significant acquisition of half the assets of FCR.UN, which is seen as a strategy to enhance its defensive profile, despite the introduction of higher leverage. As the company navigates near-term dilution, experts are optimistic about its long-term yield prospects, emphasizing that it can provide reliable income for investors. It's suggested that potential investors consider adding to their positions during market pullbacks, as the current valuation has moved closer to NAV, highlighting its appealing growth and solid management.
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.
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(Market Call Minute.) Not a lot of growth. The leases are structured so that no growth comes in for about 4-5 years.