Choice Properties REIT

CHP.UN-T

TSE:CHP.UN

14.96
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.
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Analysis and Opinions about CHP.UN-T

Signal
Opinion
Expert
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.
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.
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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.
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.

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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.

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.

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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.

HOLD
HOLD
April 5, 2018

They are in the midst of acquiring another REIT. They are diversifying away from Loblaw’s. He likes the combined entity. He is currently short because of the spread on the acquisition.

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They are in the midst of acquiring another REIT. They are diversifying away from Loblaw’s. He likes the combined entity. He is currently short because of the spread on the acquisition.

BUY
BUY
March 26, 2018

A spin-off from Loblaw; most properties are Loblaw locations. The interesting is the merger with another REIT. Good thing is the wider exposure to other sectors, but the bad thing is losing focus from the grocery retail sector. Overall, the merger is a good thing--it's a more liquid company. Over time, should see higher multiples.

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A spin-off from Loblaw; most properties are Loblaw locations. The interesting is the merger with another REIT. Good thing is the wider exposure to other sectors, but the bad thing is losing focus from the grocery retail sector. Overall, the merger is a good thing--it's a more liquid company. Over time, should see higher multiples.

Jim Huang

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Price
$11.690
Owned
Unknown
COMMENT
COMMENT
May 24, 2017

The anchor tenants, in a large majority of their properties is Loblaws. Where he might be a little more hesitant in a real estate investment trust that has mall-based retailers, it is quite unlikely that grocery shopping will have the same problems. This would be one of the safer REITs. He is quite constructive on equity markets, so has been moving away from REITs with a view that the economy is strengthening and interest rates moving higher. If you have to own a real estate investment trust, this is a reasonable choice, but he would recommend you don’t concentrate too much in REITs or bond proxies generally.

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The anchor tenants, in a large majority of their properties is Loblaws. Where he might be a little more hesitant in a real estate investment trust that has mall-based retailers, it is quite unlikely that grocery shopping will have the same problems. This would be one of the safer REITs. He is quite constructive on equity markets, so has been moving away from REITs with a view that the economy is strengthening and interest rates moving higher. If you have to own a real estate investment trust, this is a reasonable choice, but he would recommend you don’t concentrate too much in REITs or bond proxies generally.

COMMENT
COMMENT
January 31, 2017

This has a lot of the real estate that Loblaws and Shoppers occupies. A great bond proxy. Versus other retail REITs, you are probably not going to get as much growth, however you are going to get pretty good stability. Loblaws owns a considerable chunk of this REIT. There is better growth in other REITs.

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This has a lot of the real estate that Loblaws and Shoppers occupies. A great bond proxy. Versus other retail REITs, you are probably not going to get as much growth, however you are going to get pretty good stability. Loblaws owns a considerable chunk of this REIT. There is better growth in other REITs.

BUY
BUY
December 15, 2016

It is the real estate arm of L-T. The parent owns about 80% of the REIT. This is L-T with less volatility and a higher yield. It is a high quality REIT. The problem at the time of the IPO was the agreements with L-T that limited rent increases. He does not know about the properties that Shoppers is on.

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It is the real estate arm of L-T. The parent owns about 80% of the REIT. This is L-T with less volatility and a higher yield. It is a high quality REIT. The problem at the time of the IPO was the agreements with L-T that limited rent increases. He does not know about the properties that Shoppers is on.

Andy Nasr

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Price
$13.120
Owned
Unknown
HOLD
HOLD
September 2, 2016

Has been really impressed with this. They have done a fantastic job. There has been more growth in this portfolio than he would have imagined. A very stable name. 5% yield.

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Has been really impressed with this. They have done a fantastic job. There has been more growth in this portfolio than he would have imagined. A very stable name. 5% yield.

COMMENT
COMMENT
July 22, 2016

Doesn’t think there is any problem with this REIT. Good backing and good tenant. Probably less growth. He is uncomfortable with the whole REIT sector’s valuations. It is completely dependent on the interest rate move. You get the high yield when you pay out 90% of your earnings to the unit holders.

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Doesn’t think there is any problem with this REIT. Good backing and good tenant. Probably less growth. He is uncomfortable with the whole REIT sector’s valuations. It is completely dependent on the interest rate move. You get the high yield when you pay out 90% of your earnings to the unit holders.

HOLD
HOLD
July 8, 2016

(Market Call Minute.) Has admired how well this is done, but has done too well.

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(Market Call Minute.) Has admired how well this is done, but has done too well.

HOLD
HOLD
March 30, 2016

This is anchored by Loblaw’s (L-T). A very stable business with good, long term leases. There is some rent growth and some potential development built in. Think of this as a bond. In an environment where people want less cyclical commercial real estate exposure, they’ll often go to something like this. He likes it as a very stable, long term hold.

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This is anchored by Loblaw’s (L-T). A very stable business with good, long term leases. There is some rent growth and some potential development built in. Think of this as a bond. In an environment where people want less cyclical commercial real estate exposure, they’ll often go to something like this. He likes it as a very stable, long term hold.

WEAK BUY
WEAK BUY
July 8, 2014

Tenants are 95% Loblaw’s anchored. Stable asset. It hasn’t done much since the IPO. There is nothing wrong with it. There is always that inherent conflict where so much of it is owned by Loblaw’s. He finds this a conflict.

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Tenants are 95% Loblaw’s anchored. Stable asset. It hasn’t done much since the IPO. There is nothing wrong with it. There is always that inherent conflict where so much of it is owned by Loblaw’s. He finds this a conflict.

COMMENT
COMMENT
May 16, 2014

Has one tenant, so is that good or not? The other issue is, should it trade at a premium or a discount. He does not like REITs at this particular stage, because they are so rate sensitive and we are in an environment where he thinks rates are going to back up. He is lightening up on REITs.

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Has one tenant, so is that good or not? The other issue is, should it trade at a premium or a discount. He does not like REITs at this particular stage, because they are so rate sensitive and we are in an environment where he thinks rates are going to back up. He is lightening up on REITs.

COMMENT
COMMENT
March 19, 2014

Spun out from Loblaw’s (L-T) real estate. The majority of Loblaw’s real estate is now in this REIT and they are an 80% holder. If looking for a long-term sustainable yield with moderate growth, this is probably appropriate from an investment standpoint. He is not a big fan of single tenant REITs. Not sure how the portfolio will look 10 years from now. Prefers to see higher free cash flow growth.

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Spun out from Loblaw’s (L-T) real estate. The majority of Loblaw’s real estate is now in this REIT and they are an 80% holder. If looking for a long-term sustainable yield with moderate growth, this is probably appropriate from an investment standpoint. He is not a big fan of single tenant REITs. Not sure how the portfolio will look 10 years from now. Prefers to see higher free cash flow growth.

HOLD
HOLD
February 26, 2014

Very stable cash flow and 99% occupied. There will be slow growth, but it is stable. Prefers Canadian Tire.

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Very stable cash flow and 99% occupied. There will be slow growth, but it is stable. Prefers Canadian Tire.

COMMENT
COMMENT
January 17, 2014

Very stable company and you can count on it for a very long time. Has done very well since its IPO. The way they have structured their leases doesn’t have a lot of cash flow growth for the 1st few years, but starting in year 5, you get some nice steady growth. Would recommend this for anyone looking for a long-term bond like return.

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Very stable company and you can count on it for a very long time. Has done very well since its IPO. The way they have structured their leases doesn’t have a lot of cash flow growth for the 1st few years, but starting in year 5, you get some nice steady growth. Would recommend this for anyone looking for a long-term bond like return.

BUY
BUY
November 27, 2013

You won’t get much growth on this. Real estate is underneath the Loblaw (L-T) stores. Loves the yield. He holds this one for yield. There is no risk with the stock. 6.25% yield

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You won’t get much growth on this. Real estate is underneath the Loblaw (L-T) stores. Loves the yield. He holds this one for yield. There is no risk with the stock. 6.25% yield

COMMENT
COMMENT
November 20, 2013

Predominantly Loblaw’s (L-T) anchored properties. Low leverage and a low payout ratio. Doesn’t expect there will be a lot of growth. 6.3% distribution is extremely safe. He prefers other names that are going to be able to generate 6%-8% free cash flow growth.

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Predominantly Loblaw’s (L-T) anchored properties. Low leverage and a low payout ratio. Doesn’t expect there will be a lot of growth. 6.3% distribution is extremely safe. He prefers other names that are going to be able to generate 6%-8% free cash flow growth.

HOLD
HOLD
November 13, 2013

(Market Call Minute.) Not a lot of growth. The leases are structured so that no growth comes in for about 4-5 years.

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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.

BUY
BUY
August 30, 2013

6% yield is sustainable. But short term there won’t be much growth. Not much room to increase rents next year. Will rely on increasing occupancy.

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6% yield is sustainable. But short term there won’t be much growth. Not much room to increase rents next year. Will rely on increasing occupancy.

Andy Nasr

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Price
$10.390
Owned
Unknown
COMMENT
COMMENT
August 2, 2013

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.

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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.

HOLD
HOLD
July 31, 2013

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.

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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.

COMMENT
COMMENT
July 15, 2013

Didn’t buy this one when it came out. Has some pretty good real estate but he doesn’t see the growth. Pricing was fair, but not particularly advantageous. If this came down to $8.75, he would probably give it a very serious look.

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Didn’t buy this one when it came out. Has some pretty good real estate but he doesn’t see the growth. Pricing was fair, but not particularly advantageous. If this came down to $8.75, he would probably give it a very serious look.

BUY
BUY
July 8, 2013

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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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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Choice Properties REIT(CHP.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 6

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, 6 stock analysts published opinions about CHP.UN-T. 4 analysts recommended to BUY the stock. 0 analyst recommended to SELL the stock. The latest stock analyst recommendation is HOLD. 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 Greg Newman on 2019-12-11. 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?

6 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 2020-02-21, Choice Properties REIT (CHP.UN-T) stock closed at a price of $14.96.