Choice Properties REIT

CHP.UN-T

TSE:CHP.UN

13.86
0.00 (0.00%)
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.
More at Wikipedia

Analysis and Opinions about CHP.UN-T

Signal
Opinion
Expert
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.
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.
Michelle Wearing
Portfolio Manager, Starlight Capital
Price
$13.760
Owned
Unknown
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.

(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.

Gavin Graham
Trustee, Pointbreak ETFs
Price
$14.530
Owned
Yes
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.
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.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$13.840
Owned
No
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.
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.
Michelle Wearing
Portfolio Manager, Starlight Capital
Price
$13.470
Owned
No
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.
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.
Michael Sprung
President, Sprung Investment Management
Price
$13.270
Owned
No
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.
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.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$14.140
Owned
Unknown
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)

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)

Gavin Graham
Trustee, Pointbreak ETFs
Price
$14.180
Owned
Yes
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%.
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%.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$13.760
Owned
Unknown
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.
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.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$13.670
Owned
Unknown
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.
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.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$12.680
Owned
Unknown
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.
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.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$12.220
Owned
No
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.
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.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$12.140
Owned
No
COMMENT
COMMENT
November 19, 2018
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.
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.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$12.160
Owned
Unknown
BUY
BUY
August 16, 2018

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.

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.

Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$12.780
Owned
Unknown
HOLD
HOLD
May 29, 2018

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.

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.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$11.550
Owned
Unknown
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