Choice Properties REIT

CHP.UN-T

TSE:CHP.UN

12.61
0.16 (1.25%)
Choice Properties Real Estate Investment Trust is a Canadian unincorporated, open-ended real estate investment trust based in Toronto, Ontario. It is the largest real estate investment trust in Canada, with an enterprise value of $16 billion.
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Analysis and Opinions about CHP.UN-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 10, 2020
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.
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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
BUY
June 25, 2020

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.

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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
HOLD
December 11, 2019
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.
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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
COMMENT
October 31, 2019
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.
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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.
PAST TOP PICK
PAST TOP PICK
September 27, 2019

(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.

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(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 WEAKNESS
BUY WEAKNESS
July 23, 2019
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.
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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
WAIT
May 30, 2019
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.
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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
HOLD
May 1, 2019
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.
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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
BUY
April 1, 2019
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.
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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
TOP PICK
March 27, 2019

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)

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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
COMMENT
March 20, 2019
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%.
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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
BUY
March 12, 2019
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.
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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
PARTIAL SELL
January 28, 2019
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.
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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
HOLD
December 5, 2018
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.
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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
HOLD
November 22, 2018
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.
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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.
Showing 1 to 15 of 40 entries

Choice Properties REIT(CHP.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for Choice Properties REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Choice Properties REIT(CHP.UN-T) Frequently Asked Questions

What is Choice Properties REIT stock symbol?

Choice Properties REIT is a Canadian stock, trading under the symbol CHP.UN-T on the Toronto Stock Exchange (CHP-UN-CT). It is usually referred to as TSX:CHP.UN or CHP.UN-T

Is Choice Properties REIT a buy or a sell?

In the last year, 4 stock analysts published opinions about CHP.UN-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Choice Properties REIT.

Is Choice Properties REIT a good investment or a top pick?

Choice Properties REIT was recommended as a Top Pick by Michelle Wearing on 2020-08-10. Read the latest stock experts ratings for Choice Properties REIT.

Why is Choice Properties REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Choice Properties REIT worth watching?

4 stock analysts on Stockchase covered Choice Properties REIT In the last year. It is a trending stock that is worth watching.

What is Choice Properties REIT stock price?

On 2020-09-18, Choice Properties REIT (CHP.UN-T) stock closed at a price of $12.61.