TSE:CHP.UN
Choice Properties REIT (CHP.UN.TO)
Financials 
Technical Analysis 
Sep 4, 2026, 12:00 amThis 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.
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.