Choice Properties REIT

CHP.UN-T

TSE:CHP.UN

12.95
0.04 (0.31%)
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
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.

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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